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FBALX vs. FPURX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FBALXFPURX
YTD Return8.03%10.68%
1Y Return19.73%24.45%
3Y Return (Ann)4.97%6.26%
5Y Return (Ann)11.52%11.80%
10Y Return (Ann)9.60%9.76%
Sharpe Ratio2.342.64
Daily Std Dev8.67%9.68%
Max Drawdown-42.81%-30.70%
Current Drawdown-0.10%0.00%

Correlation

-0.50.00.51.00.9

The correlation between FBALX and FPURX is 0.93, 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.

Performance

FBALX vs. FPURX - Performance Comparison

In the year-to-date period, FBALX achieves a 8.03% return, which is significantly lower than FPURX's 10.68% return. Both investments have delivered pretty close results over the past 10 years, with FBALX having a 9.60% annualized return and FPURX not far ahead at 9.76%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


3,000.00%3,500.00%4,000.00%4,500.00%December2024FebruaryMarchAprilMay
3,299.44%
4,580.27%
FBALX
FPURX

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Fidelity Balanced Fund

Fidelity Puritan Fund

FBALX vs. FPURX - Expense Ratio Comparison

FBALX has a 0.51% expense ratio, which is higher than FPURX's 0.50% expense ratio.


FBALX
Fidelity Balanced Fund
Expense ratio chart for FBALX: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
Expense ratio chart for FPURX: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Risk-Adjusted Performance

FBALX vs. FPURX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Fidelity Puritan Fund (FPURX). 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
Sharpe ratio
The chart of Sharpe ratio for FBALX, currently valued at 2.34, compared to the broader market-1.000.001.002.003.004.002.34
Sortino ratio
The chart of Sortino ratio for FBALX, currently valued at 3.41, compared to the broader market-2.000.002.004.006.008.0010.0012.003.41
Omega ratio
The chart of Omega ratio for FBALX, currently valued at 1.42, compared to the broader market1.002.003.004.001.42
Calmar ratio
The chart of Calmar ratio for FBALX, currently valued at 1.51, compared to the broader market0.005.0010.001.51
Martin ratio
The chart of Martin ratio for FBALX, currently valued at 8.10, compared to the broader market0.0020.0040.0060.0080.008.10
FPURX
Sharpe ratio
The chart of Sharpe ratio for FPURX, currently valued at 2.64, compared to the broader market-1.000.001.002.003.004.002.64
Sortino ratio
The chart of Sortino ratio for FPURX, currently valued at 3.81, compared to the broader market-2.000.002.004.006.008.0010.0012.003.81
Omega ratio
The chart of Omega ratio for FPURX, currently valued at 1.47, compared to the broader market1.002.003.004.001.47
Calmar ratio
The chart of Calmar ratio for FPURX, currently valued at 1.97, compared to the broader market0.005.0010.001.97
Martin ratio
The chart of Martin ratio for FPURX, currently valued at 10.68, compared to the broader market0.0020.0040.0060.0080.0010.68

FBALX vs. FPURX - Sharpe Ratio Comparison

The current FBALX Sharpe Ratio is 2.34, which roughly equals the FPURX Sharpe Ratio of 2.64. The chart below compares the 12-month rolling Sharpe Ratio of FBALX and FPURX.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00December2024FebruaryMarchAprilMay
2.34
2.64
FBALX
FPURX

Dividends

FBALX vs. FPURX - Dividend Comparison

FBALX's dividend yield for the trailing twelve months is around 2.23%, less than FPURX's 4.86% yield.


TTM20232022202120202019201820172016201520142013
FBALX
Fidelity Balanced Fund
2.23%2.28%8.06%9.66%5.90%4.24%10.99%7.90%3.07%7.96%10.55%7.31%
FPURX
Fidelity Puritan Fund
4.86%5.34%9.38%13.10%5.10%4.29%15.26%4.18%3.71%7.94%9.74%10.25%

Drawdowns

FBALX vs. FPURX - Drawdown Comparison

The maximum FBALX drawdown since its inception was -42.81%, which is greater than FPURX's maximum drawdown of -30.70%. Use the drawdown chart below to compare losses from any high point for FBALX and FPURX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2024FebruaryMarchAprilMay
-0.10%
0
FBALX
FPURX

Volatility

FBALX vs. FPURX - Volatility Comparison

The current volatility for Fidelity Balanced Fund (FBALX) is 2.37%, while Fidelity Puritan Fund (FPURX) has a volatility of 2.76%. This indicates that FBALX experiences smaller price fluctuations and is considered to be less risky than FPURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%2.50%3.00%3.50%December2024FebruaryMarchAprilMay
2.37%
2.76%
FBALX
FPURX