FBALX vs. TCAI

Last updated Jun 9, 2026

FBALX (Fidelity Balanced Fund) and TCAI (Tortoise AI Infrastructure ETF) are both funds - FBALX is a Diversified Portfolio fund actively managed by Fidelity, while TCAI is a Technology Equities fund actively managed by Tortoise. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. FBALX charges 0.46%/yr vs 0.65%/yr for TCAI.

Performance

FBALX vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Balanced Fund (FBALX) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBALX achieves a 7.96% return, which is significantly lower than TCAI's 74.50% return.

FBALX

• 1D: -2.10%
• 1M: -0.35%
• YTD: 7.96%
• 6M: 8.36%
• 1Y: 21.65%
• 3Y*: 15.93%
• 5Y*: 8.87%
• 10Y*: 11.48%

TCAI

• 1D: 1.87%
• 1M: 6.30%
• YTD: 74.50%
• 6M: 65.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBALX vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
FBALX Fidelity Balanced Fund	7.96%	7.36%
TCAI Tortoise AI Infrastructure ETF	74.50%	17.27%

Correlation

The correlation between FBALX and TCAI is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.70

Return for Risk

FBALX vs. TCAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBALX

FBALX Risk / Return Rank: 79
FBALX Sharpe Ratio Rank: 79
FBALX Sortino Ratio Rank: 73
FBALX Omega Ratio Rank: 76
FBALX Calmar Ratio Rank: 79
FBALX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBALX vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Tortoise AI Infrastructure ETF (TCAI). 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	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	2.52	—	—
Sortino ratio: Return per unit of downside risk	3.48	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	3.46	—	—
Martin ratio: Return relative to average drawdown	16.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FBALX	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	3.72	-2.91

Drawdowns

FBALX vs. TCAI - Drawdown Comparison

The maximum FBALX drawdown since its inception was -43.57%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for FBALX and TCAI.

Drawdown Indicators

	FBALX	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-43.57%	-15.80%	-27.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.68%	—	—
Current Drawdown Current decline from peak	-2.12%	-8.22%	+6.10%
Average Drawdown Average peak-to-trough decline	-4.37%	-3.48%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	—	—

Volatility

Volatility by Period

	FBALX	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.87%	36.74%	-27.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.21%	36.74%	-24.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.79%	36.74%	-23.95%

FBALX vs. TCAI - Expense Ratio Comparison

FBALX has a 0.46% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

FBALX vs. TCAI - Dividend Comparison

FBALX's dividend yield for the trailing twelve months is around 5.25%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBALX Fidelity Balanced Fund	5.25%	5.69%	5.67%	2.28%	8.06%	9.66%	5.90%	4.24%	10.99%	7.90%	3.07%	7.70%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBALX and TCAI in my portfolio?

FBALX and TCAI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.