FBAOX vs. FAGAX

Last updated Aug 4, 2026

FBAOX (Fidelity Advisor Balanced Fund Class A) and FAGAX (Fidelity Advisor Growth Opportunities Fund Class A) are both mutual funds - FBAOX is a Diversified Portfolio fund actively managed by Fidelity, while FAGAX is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, FBAOX returned 18.03% vs 19.22% for FAGAX. Their correlation of 0.88 means they have usually moved in the same direction. FBAOX charges 0.76%/yr vs 0.96%/yr for FAGAX.

Performance

FBAOX vs. FAGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Balanced Fund Class A (FBAOX) and Fidelity Advisor Growth Opportunities Fund Class A (FAGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FBAOX having a 8.91% return and FAGAX slightly lower at 8.54%.

FBAOX

• 1D: 0.49%
• 1M: -0.85%
• 6M: 6.65%
• YTD: 8.91%
• 1Y: 18.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.84%

FAGAX

• 1D: 1.13%
• 1M: -4.25%
• 6M: 9.40%
• YTD: 8.54%
• 1Y: 19.22%
• 3Y*: 24.63%
• 5Y*: 10.16%
• 10Y*: 20.99%
• ALL TIME*: 10.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAGAX Fidelity Advisor Growth Opportunities Fund Class A	$0.00	$0.00	$0.00
FBAOX Fidelity Advisor Balanced Fund Class A	$0.00	$0.00	$0.00

FBAOX vs. FAGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FBAOX Fidelity Advisor Balanced Fund Class A	8.91%	14.81%	4.65%
FAGAX Fidelity Advisor Growth Opportunities Fund Class A	8.54%	22.17%	7.26%

Correlation

The correlation between FBAOX and FAGAX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.88

The correlation between FBAOX and FAGAX has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

FBAOX vs. FAGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FBAOX

FBAOX Risk / Return Rank: 76
FBAOX Sharpe Ratio Rank: 73
FBAOX Sortino Ratio Rank: 72
FBAOX Omega Ratio Rank: 71
FBAOX Calmar Ratio Rank: 77
FBAOX Martin Ratio Rank: 87

FAGAX

FAGAX Risk / Return Rank: 20
FAGAX Sharpe Ratio Rank: 19
FAGAX Sortino Ratio Rank: 19
FAGAX Omega Ratio Rank: 19
FAGAX Calmar Ratio Rank: 19
FAGAX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FBAOX vs. FAGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Balanced Fund Class A (FBAOX) and Fidelity Advisor Growth Opportunities Fund Class A (FAGAX). 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.

	FBAOX	FAGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.77	+1.03
Sortino ratio: Return per unit of downside risk	2.54	1.17	+1.37
Omega ratio: Gain probability vs. loss probability	1.33	1.14	+0.19
Calmar ratio: Return relative to maximum drawdown	2.64	1.02	+1.62
Martin ratio: Return relative to average drawdown	11.80	3.49	+8.32

FBAOX vs. FAGAX - Sharpe Ratio Comparison

The current FBAOX Sharpe Ratio is 1.80, which is higher than the FAGAX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of FBAOX and FAGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FBAOX vs. FAGAX - Drawdown Comparison

The maximum FBAOX drawdown since its inception was -12.61%, smaller than the maximum FAGAX drawdown of -65.24%. Use the drawdown chart below to compare losses from any high point for FBAOX and FAGAX.

Drawdown Indicators

	FBAOX	FAGAX	Difference
Max Drawdown Largest peak-to-trough decline	-12.61%	-65.24%	+52.63%
Max Drawdown (1Y) Largest decline over 1 year	-6.48%	-16.19%	+9.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.70%	—
Current Drawdown Current decline from peak	-1.36%	-7.11%	+5.75%
Average Drawdown Average peak-to-trough decline	-1.43%	-15.14%	+13.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	4.73%	-3.28%

Volatility

FBAOX vs. FAGAX - Volatility Comparison

The current volatility for Fidelity Advisor Balanced Fund Class A (FBAOX) is 2.59%, while Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) has a volatility of 8.05%. This indicates that FBAOX experiences smaller price fluctuations and is considered to be less risky than FAGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBAOX	FAGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	8.05%	-5.46%
Volatility (6M) Calculated over the trailing 6-month period	7.74%	17.89%	-10.15%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	21.54%	-12.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.49%	25.31%	-13.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.49%	24.10%	-12.61%

FBAOX vs. FAGAX - Expense Ratio Comparison

FBAOX has a 0.76% expense ratio, which is lower than FAGAX's 0.96% expense ratio.

Dividends

FBAOX vs. FAGAX - Dividend Comparison

FBAOX's dividend yield for the trailing twelve months is around 4.57%, more than FAGAX's 3.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGAX Fidelity Advisor Growth Opportunities Fund Class A	3.78%	4.11%	0.00%	0.00%	0.00%	10.19%	5.45%	4.10%	11.99%	7.67%	15.44%	11.12%
FBAOX Fidelity Advisor Balanced Fund Class A	4.57%	5.40%	6.01%	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 FBAOX and FAGAX in my portfolio?

With a correlation of 0.90, FBAOX and FAGAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FBAOX or FAGAX?

FAGAX has higher volatility (8.05%) compared to FBAOX (2.59%). In terms of maximum drawdown, FBAOX dropped -12.61% vs FAGAX's -65.24%.

Which has better risk-adjusted returns?

FBAOX currently has the higher Sharpe Ratio (1.80 vs 0.77), 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.