FBALX vs. FPURX
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and Fidelity Puritan Fund (FPURX).
FBALX is managed by Fidelity. It was launched on Nov 6, 1986. FPURX is managed by Fidelity. It was launched on Apr 16, 1947.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBALX or FPURX.
Key characteristics
| FBALX | FPURX | |
|---|---|---|
| YTD Return | 5.42% | 7.14% |
| 1Y Return | 17.94% | 21.82% |
| 3Y Return (Ann) | 4.33% | 5.27% |
| 5Y Return (Ann) | 10.28% | 10.48% |
| 10Y Return (Ann) | 9.54% | 9.65% |
| Sharpe Ratio | 1.98 | 2.18 |
| Daily Std Dev | 8.74% | 9.71% |
| Max Drawdown | -42.81% | -30.70% |
| Current Drawdown | -1.63% | -2.02% |
Correlation
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 5.42% return, which is significantly lower than FPURX's 7.14% return. Both investments have delivered pretty close results over the past 10 years, with FBALX having a 9.54% annualized return and FPURX not far ahead at 9.65%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBALX vs. FPURX - Expense Ratio Comparison
FBALX has a 0.51% expense ratio, which is higher than FPURX's 0.50% expense ratio.
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.
Dividends
FBALX vs. FPURX - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 2.28%, less than FPURX's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 2.28% | 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 | 5.02% | 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.
Volatility
FBALX vs. FPURX - Volatility Comparison
The current volatility for Fidelity Balanced Fund (FBALX) is 3.02%, while Fidelity Puritan Fund (FPURX) has a volatility of 3.39%. 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.