FBALX vs. SNXFX
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and Schwab 1000 Index Fund (SNXFX).
FBALX is managed by Fidelity. It was launched on Nov 6, 1986. SNXFX is a passively managed fund by Charles Schwab that tracks the performance of the Schwab 1000 Index. It was launched on Apr 2, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBALX or SNXFX.
Key characteristics
| FBALX | SNXFX | |
|---|---|---|
| YTD Return | 3.59% | 5.40% |
| 1Y Return | 15.10% | 24.14% |
| 3Y Return (Ann) | 3.58% | 6.77% |
| 5Y Return (Ann) | 9.91% | 12.64% |
| 10Y Return (Ann) | 9.29% | 11.92% |
| Sharpe Ratio | 1.69 | 1.87 |
| Daily Std Dev | 8.68% | 12.12% |
| Max Drawdown | -42.81% | -55.08% |
| Current Drawdown | -3.34% | -4.55% |
Correlation
The correlation between FBALX and SNXFX is 0.91, 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. SNXFX - Performance Comparison
In the year-to-date period, FBALX achieves a 3.59% return, which is significantly lower than SNXFX's 5.40% return. Over the past 10 years, FBALX has underperformed SNXFX with an annualized return of 9.29%, while SNXFX has yielded a comparatively higher 11.92% annualized return. 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. SNXFX - Expense Ratio Comparison
FBALX has a 0.51% expense ratio, which is higher than SNXFX's 0.05% expense ratio.
Risk-Adjusted Performance
FBALX vs. SNXFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Schwab 1000 Index Fund (SNXFX). 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. SNXFX - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 2.32%, more than SNXFX's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 2.32% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
SNXFX Schwab 1000 Index Fund | 1.34% | 1.41% | 1.61% | 1.74% | 2.76% | 3.01% | 6.48% | 4.22% | 3.41% | 6.31% | 4.38% | 4.61% |
Drawdowns
FBALX vs. SNXFX - Drawdown Comparison
The maximum FBALX drawdown since its inception was -42.81%, smaller than the maximum SNXFX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FBALX and SNXFX. For additional features, visit the drawdowns tool.
Volatility
FBALX vs. SNXFX - Volatility Comparison
The current volatility for Fidelity Balanced Fund (FBALX) is 2.76%, while Schwab 1000 Index Fund (SNXFX) has a volatility of 3.97%. This indicates that FBALX experiences smaller price fluctuations and is considered to be less risky than SNXFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.