FFNOX vs. FBALX
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and Fidelity Balanced Fund (FBALX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. 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: FFNOX or FBALX.
Performance
FFNOX vs. FBALX - Performance Comparison
Returns By Period
In the year-to-date period, FFNOX achieves a 11.43% return, which is significantly lower than FBALX's 15.98% return. Over the past 10 years, FFNOX has underperformed FBALX with an annualized return of 8.81%, while FBALX has yielded a comparatively higher 9.65% annualized return.
FFNOX
11.43%
-2.01%
5.14%
18.80%
9.30%
8.81%
FBALX
15.98%
-0.40%
7.59%
22.20%
11.28%
9.65%
Key characteristics
| FFNOX | FBALX | |
|---|---|---|
| Sharpe Ratio | 1.83 | 2.66 |
| Sortino Ratio | 2.49 | 3.75 |
| Omega Ratio | 1.34 | 1.50 |
| Calmar Ratio | 2.47 | 3.15 |
| Martin Ratio | 10.20 | 17.45 |
| Ulcer Index | 1.89% | 1.31% |
| Daily Std Dev | 10.56% | 8.58% |
| Max Drawdown | -48.68% | -42.81% |
| Current Drawdown | -2.49% | -1.83% |
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FFNOX vs. FBALX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Correlation
The correlation between FFNOX 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.
Risk-Adjusted Performance
FFNOX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) 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
FFNOX vs. FBALX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 1.87%, more than FBALX's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 1.87% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% | 3.75% |
FBALX Fidelity Balanced Fund | 1.78% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FFNOX vs. FBALX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -48.68%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FFNOX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FFNOX vs. FBALX - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) and Fidelity Balanced Fund (FBALX) have volatilities of 2.87% and 2.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.