FBALX vs. FFNOX
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and Fidelity Multi-Asset Index Fund (FFNOX).
FBALX is managed by Fidelity. It was launched on Nov 6, 1986. FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Performance
FBALX vs. FFNOX - Performance Comparison
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FBALX vs. FFNOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | -1.74% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
FFNOX Fidelity Multi-Asset Index Fund | -1.30% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -6.58% | 17.09% |
Returns By Period
In the year-to-date period, FBALX achieves a -1.74% return, which is significantly lower than FFNOX's -1.30% return. Over the past 10 years, FBALX has outperformed FFNOX with an annualized return of 10.73%, while FFNOX has yielded a comparatively lower 10.18% annualized return.
FBALX
- 1D
- 2.04%
- 1M
- -3.87%
- YTD
- -1.74%
- 6M
- 0.80%
- 1Y
- 15.76%
- 3Y*
- 13.67%
- 5Y*
- 7.65%
- 10Y*
- 10.73%
FFNOX
- 1D
- 2.57%
- 1M
- -5.24%
- YTD
- -1.30%
- 6M
- 0.93%
- 1Y
- 18.17%
- 3Y*
- 14.42%
- 5Y*
- 7.82%
- 10Y*
- 10.18%
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FBALX vs. FFNOX - Expense Ratio Comparison
FBALX has a 0.51% expense ratio, which is higher than FFNOX's 0.11% expense ratio.
Return for Risk
FBALX vs. FFNOX — Risk / Return Rank
FBALX
FFNOX
FBALX vs. FFNOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Fidelity Multi-Asset Index Fund (FFNOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FBALX | FFNOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.28 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.85 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.79 | +0.26 |
Martin ratioReturn relative to average drawdown | 9.47 | 8.08 | +1.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBALX | FFNOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.28 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.57 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.70 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.41 | +0.38 |
Correlation
The correlation between FBALX and FFNOX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FBALX vs. FFNOX - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 5.79%, more than FFNOX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 5.79% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
FFNOX Fidelity Multi-Asset Index Fund | 3.73% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
Drawdowns
FBALX vs. FFNOX - Drawdown Comparison
The maximum FBALX drawdown since its inception was -43.57%, smaller than the maximum FFNOX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for FBALX and FFNOX.
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Drawdown Indicators
| FBALX | FFNOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -49.84% | +6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -10.38% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -26.04% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -29.93% | +3.25% |
Current DrawdownCurrent decline from peak | -4.56% | -6.25% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -8.75% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.30% | -0.54% |
Volatility
FBALX vs. FFNOX - Volatility Comparison
The current volatility for Fidelity Balanced Fund (FBALX) is 4.19%, while Fidelity Multi-Asset Index Fund (FFNOX) has a volatility of 5.63%. This indicates that FBALX experiences smaller price fluctuations and is considered to be less risky than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBALX | FFNOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 5.63% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 8.70% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 14.66% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.18% | 13.69% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 14.52% | -1.77% |