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FFANX vs. FBALX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FFANX and FBALX is 0.94, 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.


-0.50.00.51.00.9

Performance

FFANX vs. FBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 40% Fund (FFANX) and Fidelity Balanced Fund (FBALX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
3.25%
4.52%
FFANX
FBALX

Key characteristics

Sharpe Ratio

FFANX:

1.43

FBALX:

1.86

Sortino Ratio

FFANX:

2.03

FBALX:

2.59

Omega Ratio

FFANX:

1.26

FBALX:

1.34

Calmar Ratio

FFANX:

0.96

FBALX:

3.11

Martin Ratio

FFANX:

8.44

FBALX:

11.94

Ulcer Index

FFANX:

1.05%

FBALX:

1.38%

Daily Std Dev

FFANX:

6.21%

FBALX:

8.83%

Max Drawdown

FFANX:

-31.68%

FBALX:

-42.81%

Current Drawdown

FFANX:

-2.60%

FBALX:

-4.06%

Returns By Period

In the year-to-date period, FFANX achieves a 7.82% return, which is significantly lower than FBALX's 15.17% return. Over the past 10 years, FFANX has underperformed FBALX with an annualized return of 3.96%, while FBALX has yielded a comparatively higher 9.43% annualized return.


FFANX

YTD

7.82%

1M

-0.30%

6M

3.33%

1Y

8.37%

5Y*

3.53%

10Y*

3.96%

FBALX

YTD

15.17%

1M

-1.46%

6M

4.34%

1Y

15.69%

5Y*

10.45%

10Y*

9.43%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FFANX vs. FBALX - Expense Ratio Comparison

FFANX has a 0.52% expense ratio, which is higher than FBALX's 0.51% expense ratio.


FFANX
Fidelity Asset Manager 40% Fund
Expense ratio chart for FFANX: current value at 0.52% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.52%
Expense ratio chart for FBALX: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%

Risk-Adjusted Performance

FFANX vs. FBALX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 40% Fund (FFANX) 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.


Sharpe ratio
The chart of Sharpe ratio for FFANX, currently valued at 1.43, compared to the broader market-1.000.001.002.003.004.001.431.86
The chart of Sortino ratio for FFANX, currently valued at 2.03, compared to the broader market-2.000.002.004.006.008.0010.002.032.59
The chart of Omega ratio for FFANX, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.003.501.261.34
The chart of Calmar ratio for FFANX, currently valued at 0.96, compared to the broader market0.002.004.006.008.0010.0012.0014.000.963.11
The chart of Martin ratio for FFANX, currently valued at 8.44, compared to the broader market0.0020.0040.0060.008.4411.94
FFANX
FBALX

The current FFANX Sharpe Ratio is 1.43, which is comparable to the FBALX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FFANX and FBALX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.43
1.86
FFANX
FBALX

Dividends

FFANX vs. FBALX - Dividend Comparison

FFANX's dividend yield for the trailing twelve months is around 2.58%, more than FBALX's 1.34% yield.


TTM20232022202120202019201820172016201520142013
FFANX
Fidelity Asset Manager 40% Fund
2.58%2.49%2.48%1.55%1.35%1.95%2.09%1.48%1.66%1.93%4.87%4.36%
FBALX
Fidelity Balanced Fund
1.34%1.70%1.47%0.88%1.29%1.70%1.85%1.58%1.61%7.96%10.55%7.31%

Drawdowns

FFANX vs. FBALX - Drawdown Comparison

The maximum FFANX drawdown since its inception was -31.68%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FFANX and FBALX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.60%
-4.06%
FFANX
FBALX

Volatility

FFANX vs. FBALX - Volatility Comparison

The current volatility for Fidelity Asset Manager 40% Fund (FFANX) is 2.04%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.88%. This indicates that FFANX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%JulyAugustSeptemberOctoberNovemberDecember
2.04%
2.88%
FFANX
FBALX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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