FHIFX vs. FBALX
Compare and contrast key facts about Fidelity Focused High Income Fund (FHIFX) and Fidelity Balanced Fund (FBALX).
FHIFX is managed by Fidelity. It was launched on Sep 8, 2004. 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: FHIFX or FBALX.
Correlation
The correlation between FHIFX and FBALX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FHIFX vs. FBALX - Performance Comparison
Key characteristics
FHIFX:
2.28
FBALX:
1.66
FHIFX:
3.46
FBALX:
2.32
FHIFX:
1.49
FBALX:
1.30
FHIFX:
2.57
FBALX:
2.79
FHIFX:
11.76
FBALX:
8.79
FHIFX:
0.59%
FBALX:
1.72%
FHIFX:
3.06%
FBALX:
9.10%
FHIFX:
-27.06%
FBALX:
-42.81%
FHIFX:
-1.06%
FBALX:
-3.84%
Returns By Period
In the year-to-date period, FHIFX achieves a 0.37% return, which is significantly lower than FBALX's 0.88% return. Over the past 10 years, FHIFX has underperformed FBALX with an annualized return of 3.89%, while FBALX has yielded a comparatively higher 9.64% annualized return.
FHIFX
0.37%
-0.58%
2.60%
6.67%
2.28%
3.89%
FBALX
0.88%
-3.02%
3.13%
15.61%
9.88%
9.64%
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FHIFX vs. FBALX - Expense Ratio Comparison
FHIFX has a 0.75% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FHIFX vs. FBALX — Risk-Adjusted Performance Rank
FHIFX
FBALX
FHIFX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused High Income Fund (FHIFX) 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
FHIFX vs. FBALX - Dividend Comparison
FHIFX's dividend yield for the trailing twelve months is around 4.42%, more than FBALX's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIFX Fidelity Focused High Income Fund | 4.42% | 4.44% | 4.36% | 4.46% | 3.65% | 3.82% | 4.25% | 5.01% | 4.19% | 4.48% | 4.83% | 7.89% |
FBALX Fidelity Balanced Fund | 1.34% | 1.35% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% |
Drawdowns
FHIFX vs. FBALX - Drawdown Comparison
The maximum FHIFX drawdown since its inception was -27.06%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FHIFX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FHIFX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Focused High Income Fund (FHIFX) is 1.08%, while Fidelity Balanced Fund (FBALX) has a volatility of 3.62%. This indicates that FHIFX 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.