FBAOX vs. IOEZX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Balanced Fund Class A (FBAOX) and ICON Equity Income Fund (IOEZX).

FBAOX is an actively managed fund by Fidelity. It was launched on Nov 6, 1986. IOEZX is managed by ICON Funds. It was launched on May 9, 2004.

Performance

FBAOX vs. IOEZX - Performance Comparison

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

FBAOX vs. IOEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FBAOX Fidelity Advisor Balanced Fund Class A	-3.80%	14.81%	4.65%
IOEZX ICON Equity Income Fund	8.64%	14.29%	-4.13%

Returns By Period

In the year-to-date period, FBAOX achieves a -3.80% return, which is significantly lower than IOEZX's 8.64% return.

FBAOX

• 1D: -0.16%
• 1M: -5.82%
• YTD: -3.80%
• 6M: -1.06%
• 1Y: 13.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IOEZX

• 1D: -0.67%
• 1M: -4.99%
• YTD: 8.64%
• 6M: 12.25%
• 1Y: 19.34%
• 3Y*: 11.13%
• 5Y*: 4.83%
• 10Y*: 8.27%

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

FBAOX vs. IOEZX - Expense Ratio Comparison

FBAOX has a 0.76% expense ratio, which is lower than IOEZX's 1.00% expense ratio.

IOEZX

ICON Equity Income Fund

FBAOX

Fidelity Advisor Balanced Fund Class A

Return for Risk

FBAOX vs. IOEZX — Risk / Return Rank

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

FBAOX

FBAOX Risk / Return Rank: 69
FBAOX Sharpe Ratio Rank: 67
FBAOX Sortino Ratio Rank: 68
FBAOX Omega Ratio Rank: 68
FBAOX Calmar Ratio Rank: 67
FBAOX Martin Ratio Rank: 76

IOEZX

IOEZX Risk / Return Rank: 70
IOEZX Sharpe Ratio Rank: 72
IOEZX Sortino Ratio Rank: 74
IOEZX Omega Ratio Rank: 65
IOEZX Calmar Ratio Rank: 70
IOEZX Martin Ratio Rank: 70

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.

FBAOX vs. IOEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Balanced Fund Class A (FBAOX) and ICON Equity Income Fund (IOEZX). 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.

	FBAOX	IOEZX	Difference
Sharpe ratio Return per unit of total volatility	1.20	1.28	-0.09
Sortino ratio Return per unit of downside risk	1.74	1.84	-0.10
Omega ratio Gain probability vs. loss probability	1.26	1.25	+0.02
Calmar ratio Return relative to maximum drawdown	1.57	1.62	-0.05
Martin ratio Return relative to average drawdown	7.34	6.69	+0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBAOX vs. IOEZX - Sharpe Ratio Comparison

The current FBAOX Sharpe Ratio is 1.20, which is comparable to the IOEZX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FBAOX and IOEZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FBAOX	IOEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	1.28	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.39	+0.49

Correlation

The correlation between FBAOX and IOEZX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FBAOX vs. IOEZX - Dividend Comparison

FBAOX's dividend yield for the trailing twelve months is around 5.61%, more than IOEZX's 2.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBAOX Fidelity Advisor Balanced Fund Class A	5.61%	5.40%	6.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IOEZX ICON Equity Income Fund	2.50%	3.56%	4.32%	3.75%	13.63%	12.92%	3.68%	4.74%	3.80%	3.13%	3.32%	4.24%

Drawdowns

FBAOX vs. IOEZX - Drawdown Comparison

The maximum FBAOX drawdown since its inception was -12.61%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for FBAOX and IOEZX.

Drawdown Indicators

	FBAOX	IOEZX	Difference
Max Drawdown Largest peak-to-trough decline	-12.61%	-56.15%	+43.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-11.71%	+3.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.12%	—
Current Drawdown Current decline from peak	-6.48%	-4.99%	-1.49%
Average Drawdown Average peak-to-trough decline	-1.55%	-8.64%	+7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.84%	-1.09%

Volatility

FBAOX vs. IOEZX - Volatility Comparison

The current volatility for Fidelity Advisor Balanced Fund Class A (FBAOX) is 3.49%, while ICON Equity Income Fund (IOEZX) has a volatility of 4.25%. This indicates that FBAOX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBAOX	IOEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	4.25%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	8.69%	-2.24%
Volatility (1Y) Calculated over the trailing 1-year period	11.75%	15.56%	-3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.62%	13.90%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.62%	16.44%	-4.82%