FBALX vs. JEPI
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and JPMorgan Equity Premium Income ETF (JEPI).
FBALX is managed by Fidelity. It was launched on Nov 6, 1986. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBALX or JEPI.
Performance
FBALX vs. JEPI - Performance Comparison
Returns By Period
In the year-to-date period, FBALX achieves a 17.26% return, which is significantly higher than JEPI's 15.68% return.
FBALX
17.26%
1.07%
9.11%
22.73%
11.54%
9.67%
JEPI
15.68%
1.17%
9.24%
18.27%
N/A
N/A
Key characteristics
| FBALX | JEPI | |
|---|---|---|
| Sharpe Ratio | 2.68 | 2.63 |
| Sortino Ratio | 3.77 | 3.65 |
| Omega Ratio | 1.50 | 1.52 |
| Calmar Ratio | 3.50 | 4.81 |
| Martin Ratio | 17.47 | 18.61 |
| Ulcer Index | 1.32% | 1.00% |
| Daily Std Dev | 8.58% | 7.08% |
| Max Drawdown | -42.81% | -13.71% |
| Current Drawdown | -0.75% | -0.28% |
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FBALX vs. JEPI - Expense Ratio Comparison
FBALX has a 0.51% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Correlation
The correlation between FBALX and JEPI is 0.76, 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.
Risk-Adjusted Performance
FBALX vs. JEPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and JPMorgan Equity Premium Income ETF (JEPI). 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. JEPI - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 1.76%, less than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 1.76% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBALX vs. JEPI - Drawdown Comparison
The maximum FBALX drawdown since its inception was -42.81%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FBALX and JEPI. For additional features, visit the drawdowns tool.
Volatility
FBALX vs. JEPI - Volatility Comparison
Fidelity Balanced Fund (FBALX) has a higher volatility of 2.68% compared to JPMorgan Equity Premium Income ETF (JEPI) at 2.25%. This indicates that FBALX's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.