FBALX vs. IVLU
FBALX (Fidelity Balanced Fund) and IVLU (iShares MSCI International Value Factor ETF) are both funds - FBALX is a Diversified Portfolio fund actively managed by Fidelity, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index. FBALX is actively managed, while IVLU is passively managed. Over the past 10 years, FBALX returned 11.70%/yr vs 11.63%/yr for IVLU. A 0.68 correlation means they provide meaningful diversification when combined. FBALX charges 0.46%/yr vs 0.30%/yr for IVLU.
Performance
FBALX vs. IVLU - Performance Comparison
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Returns By Period
In the year-to-date period, FBALX achieves a 8.71% return, which is significantly lower than IVLU's 12.96% return. Both investments have delivered pretty close results over the past 10 years, with FBALX having a 11.70% annualized return and IVLU not far behind at 11.63%.
FBALX
- 1D
- 1.52%
- 1M
- -0.11%
- YTD
- 8.71%
- 6M
- 9.51%
- 1Y
- 21.68%
- 3Y*
- 15.96%
- 5Y*
- 8.88%
- 10Y*
- 11.70%
IVLU
- 1D
- 0.56%
- 1M
- 0.70%
- YTD
- 12.96%
- 6M
- 14.33%
- 1Y
- 33.78%
- 3Y*
- 23.53%
- 5Y*
- 14.06%
- 10Y*
- 11.63%
FBALX vs. IVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 8.71% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
IVLU iShares MSCI International Value Factor ETF | 12.96% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 23.10% |
Correlation
The correlation between FBALX and IVLU is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015 | 0.68 |
The correlation between FBALX and IVLU has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
FBALX vs. IVLU — Risk / Return Rank
FBALX
IVLU
FBALX vs. IVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and iShares MSCI International Value Factor ETF (IVLU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBALX | IVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.39 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 2.90 | +0.53 |
| Martin ratioReturn relative to average drawdown | 16.08 | 11.01 | +5.07 |
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Drawdowns
FBALX vs. IVLU - Drawdown Comparison
The maximum FBALX drawdown since its inception was -43.57%, roughly equal to the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for FBALX and IVLU.
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Drawdown Indicators
| FBALX | IVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -41.85% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -11.69% | +5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -15.48% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -26.04% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -41.85% | +15.17% |
Current DrawdownCurrent decline from peak | -1.44% | -0.53% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -8.57% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 3.09% | -1.71% |
Volatility
FBALX vs. IVLU - Volatility Comparison
The current volatility for Fidelity Balanced Fund (FBALX) is 3.69%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 5.44%. This indicates that FBALX experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBALX | IVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 5.44% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 12.85% | -5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.06% | 15.65% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.24% | 16.58% | -4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.81% | 17.66% | -4.85% |
FBALX vs. IVLU - Expense Ratio Comparison
FBALX has a 0.46% expense ratio, which is higher than IVLU's 0.30% expense ratio.
Dividends
FBALX vs. IVLU - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 5.22%, more than IVLU's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 5.22% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
IVLU iShares MSCI International Value Factor ETF | 3.28% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
Frequently Asked Questions
FBALX and IVLU have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVLU has higher volatility (5.44%) compared to FBALX (3.69%). In terms of maximum drawdown, FBALX dropped -43.57% vs IVLU's -41.85%.
FBALX currently has the higher Sharpe Ratio (2.45 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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