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

Key characteristics


FBALXFXAIX
YTD Return7.99%11.87%
1Y Return18.55%28.10%
3Y Return (Ann)4.81%9.78%
5Y Return (Ann)11.69%15.65%
10Y Return (Ann)9.56%12.83%
Sharpe Ratio2.272.60
Daily Std Dev8.63%11.40%
Max Drawdown-42.81%-33.79%
Current Drawdown-0.14%-0.29%

Correlation

-0.50.00.51.01.0

The correlation between FBALX and FXAIX is 0.97, 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. FXAIX - Performance Comparison

In the year-to-date period, FBALX achieves a 7.99% return, which is significantly lower than FXAIX's 11.87% return. Over the past 10 years, FBALX has underperformed FXAIX with an annualized return of 9.56%, while FXAIX has yielded a comparatively higher 12.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


200.00%250.00%300.00%350.00%400.00%December2024FebruaryMarchAprilMay
240.37%
405.65%
FBALX
FXAIX

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Fidelity Balanced Fund

Fidelity 500 Index Fund

FBALX vs. FXAIX - Expense Ratio Comparison

FBALX has a 0.51% expense ratio, which is higher than FXAIX's 0.02% 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 FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

FBALX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Fidelity 500 Index Fund (FXAIX). 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 2.27, compared to the broader market-1.000.001.002.003.004.002.27
Sortino ratio
The chart of Sortino ratio for FBALX, currently valued at 3.32, compared to the broader market-2.000.002.004.006.008.0010.0012.003.32
Omega ratio
The chart of Omega ratio for FBALX, currently valued at 1.41, compared to the broader market1.002.003.004.001.41
Calmar ratio
The chart of Calmar ratio for FBALX, currently valued at 1.47, compared to the broader market0.005.0010.0015.001.47
Martin ratio
The chart of Martin ratio for FBALX, currently valued at 7.87, compared to the broader market0.0020.0040.0060.0080.007.87
FXAIX
Sharpe ratio
The chart of Sharpe ratio for FXAIX, currently valued at 2.60, compared to the broader market-1.000.001.002.003.004.002.60
Sortino ratio
The chart of Sortino ratio for FXAIX, currently valued at 3.67, compared to the broader market-2.000.002.004.006.008.0010.0012.003.67
Omega ratio
The chart of Omega ratio for FXAIX, currently valued at 1.46, compared to the broader market1.002.003.004.001.46
Calmar ratio
The chart of Calmar ratio for FXAIX, currently valued at 2.57, compared to the broader market0.005.0010.0015.002.57
Martin ratio
The chart of Martin ratio for FXAIX, currently valued at 10.37, compared to the broader market0.0020.0040.0060.0080.0010.37

FBALX vs. FXAIX - Sharpe Ratio Comparison

The current FBALX Sharpe Ratio is 2.27, which roughly equals the FXAIX Sharpe Ratio of 2.60. The chart below compares the 12-month rolling Sharpe Ratio of FBALX and FXAIX.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00December2024FebruaryMarchAprilMay
2.27
2.60
FBALX
FXAIX

Dividends

FBALX vs. FXAIX - Dividend Comparison

FBALX's dividend yield for the trailing twelve months is around 2.23%, more than FXAIX's 1.31% 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%
FXAIX
Fidelity 500 Index Fund
1.31%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.63%1.84%

Drawdowns

FBALX vs. FXAIX - Drawdown Comparison

The maximum FBALX drawdown since its inception was -42.81%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FBALX and FXAIX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2024FebruaryMarchAprilMay
-0.14%
-0.29%
FBALX
FXAIX

Volatility

FBALX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Balanced Fund (FBALX) is 2.28%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.01%. This indicates that FBALX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%2.50%3.00%3.50%4.00%December2024FebruaryMarchAprilMay
2.28%
3.01%
FBALX
FXAIX