FCVSX vs. FBALX
Compare and contrast key facts about Fidelity Convertible Securities Fund (FCVSX) and Fidelity Balanced Fund (FBALX).
FCVSX is managed by Fidelity. It was launched on Jan 5, 1987. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVSX or FBALX.
Correlation
The correlation between FCVSX and FBALX is 0.80, 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
FCVSX vs. FBALX - Performance Comparison
Key characteristics
FCVSX:
1.13
FBALX:
1.22
FCVSX:
1.51
FBALX:
1.69
FCVSX:
1.21
FBALX:
1.22
FCVSX:
0.46
FBALX:
0.99
FCVSX:
4.13
FBALX:
5.89
FCVSX:
2.89%
FBALX:
1.93%
FCVSX:
10.58%
FBALX:
9.33%
FCVSX:
-58.76%
FBALX:
-42.81%
FCVSX:
-15.36%
FBALX:
-1.52%
Returns By Period
In the year-to-date period, FCVSX achieves a 3.08% return, which is significantly higher than FBALX's 2.84% return. Over the past 10 years, FCVSX has underperformed FBALX with an annualized return of 3.30%, while FBALX has yielded a comparatively higher 4.96% annualized return.
FCVSX
3.08%
-1.03%
7.23%
13.80%
4.17%
3.30%
FBALX
2.84%
0.73%
2.03%
11.90%
5.06%
4.96%
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FCVSX vs. FBALX - Expense Ratio Comparison
FCVSX has a 0.67% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FCVSX vs. FBALX — Risk-Adjusted Performance Rank
FCVSX
FBALX
FCVSX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Convertible Securities Fund (FCVSX) and Fidelity Balanced Fund (FBALX). 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
FCVSX vs. FBALX - Dividend Comparison
FCVSX's dividend yield for the trailing twelve months is around 3.20%, more than FBALX's 1.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVSX Fidelity Convertible Securities Fund | 3.20% | 3.30% | 2.13% | 2.35% | 1.66% | 2.90% | 1.45% | 3.84% | 2.60% | 3.35% | 2.86% | 5.99% |
FBALX Fidelity Balanced Fund | 1.76% | 1.81% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% |
Drawdowns
FCVSX vs. FBALX - Drawdown Comparison
The maximum FCVSX drawdown since its inception was -58.76%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FCVSX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FCVSX vs. FBALX - Volatility Comparison
Fidelity Convertible Securities Fund (FCVSX) has a higher volatility of 2.56% compared to Fidelity Balanced Fund (FBALX) at 2.43%. This indicates that FCVSX's price experiences larger fluctuations and is considered to be riskier than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.