FFEZX vs. FBALX
Compare and contrast key facts about Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) and Fidelity Balanced Fund (FBALX).
FFEZX is managed by Fidelity. It was launched on Oct 2, 2009. 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: FFEZX or FBALX.
Key characteristics
| FFEZX | FBALX | |
|---|---|---|
| YTD Return | 12.89% | 17.80% |
| 1Y Return | 22.96% | 26.46% |
| 3Y Return (Ann) | 2.80% | 5.04% |
| 5Y Return (Ann) | 8.32% | 11.76% |
| Sharpe Ratio | 2.60 | 3.08 |
| Sortino Ratio | 3.74 | 4.36 |
| Omega Ratio | 1.49 | 1.59 |
| Calmar Ratio | 1.93 | 3.01 |
| Martin Ratio | 16.92 | 20.38 |
| Ulcer Index | 1.36% | 1.30% |
| Daily Std Dev | 8.86% | 8.63% |
| Max Drawdown | -28.46% | -42.81% |
| Current Drawdown | -0.82% | -0.29% |
Correlation
The correlation between FFEZX and FBALX is 0.96, 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
FFEZX vs. FBALX - Performance Comparison
In the year-to-date period, FFEZX achieves a 12.89% return, which is significantly lower than FBALX's 17.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFEZX vs. FBALX - Expense Ratio Comparison
FFEZX has a 0.08% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FFEZX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) 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
FFEZX vs. FBALX - Dividend Comparison
FFEZX's dividend yield for the trailing twelve months is around 2.00%, less than FBALX's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class | 2.00% | 2.13% | 1.98% | 1.57% | 1.43% | 1.86% | 2.21% | 1.76% | 1.96% | 2.04% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 4.54% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FFEZX vs. FBALX - Drawdown Comparison
The maximum FFEZX drawdown since its inception was -28.46%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FFEZX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FFEZX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) is 2.39%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.58%. This indicates that FFEZX 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.