FIUIX vs. FBALX

Last updated Jun 4, 2026

FIUIX (Fidelity Telecom and Utilities Fund) and FBALX (Fidelity Balanced Fund) are both mutual funds - FIUIX is a Utilities Equities fund managed by Fidelity, while FBALX is a Diversified Portfolio fund actively managed by Fidelity. Over the past 10 years, FIUIX returned 9.34%/yr vs 11.77%/yr for FBALX. A 0.68 correlation means they provide meaningful diversification when combined. FIUIX charges 0.60%/yr vs 0.46%/yr for FBALX.

Performance

FIUIX vs. FBALX - Performance Comparison

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

Returns By Period

In the year-to-date period, FIUIX achieves a 4.92% return, which is significantly lower than FBALX's 10.30% return. Over the past 10 years, FIUIX has underperformed FBALX with an annualized return of 9.34%, while FBALX has yielded a comparatively higher 11.77% annualized return.

FIUIX

• 1D: 1.79%
• 1M: -5.13%
• YTD: 4.92%
• 6M: -2.82%
• 1Y: 3.23%
• 3Y*: 16.12%
• 5Y*: 10.14%
• 10Y*: 9.34%

FBALX

• 1D: 0.23%
• 1M: 4.04%
• YTD: 10.30%
• 6M: 10.50%
• 1Y: 24.95%
• 3Y*: 16.79%
• 5Y*: 9.51%
• 10Y*: 11.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIUIX vs. FBALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIUIX Fidelity Telecom and Utilities Fund	4.92%	4.91%	30.29%	3.37%	5.00%	7.18%	2.08%	22.09%	3.33%	11.98%
FBALX Fidelity Balanced Fund	10.30%	15.11%	16.09%	20.31%	-18.29%	18.27%	22.45%	24.40%	-3.98%	16.52%

Correlation

The correlation between FIUIX and FBALX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Nov 30, 1987	0.68

Over the past year, the correlation between FIUIX and FBALX has dropped to 0.39 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

FIUIX vs. FBALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIUIX

FIUIX Risk / Return Rank: 4
FIUIX Sharpe Ratio Rank: 4
FIUIX Sortino Ratio Rank: 4
FIUIX Omega Ratio Rank: 4
FIUIX Calmar Ratio Rank: 4
FIUIX Martin Ratio Rank: 4

FBALX

FBALX Risk / Return Rank: 87
FBALX Sharpe Ratio Rank: 90
FBALX Sortino Ratio Rank: 88
FBALX Omega Ratio Rank: 85
FBALX Calmar Ratio Rank: 84
FBALX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIUIX vs. FBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Telecom and Utilities Fund (FIUIX) 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.

	FIUIX	FBALX	Difference
Sharpe ratio: Return per unit of total volatility	0.23	2.97	-2.74
Sortino ratio: Return per unit of downside risk	0.40	4.18	-3.77
Omega ratio: Gain probability vs. loss probability	1.05	1.57	-0.52
Calmar ratio: Return relative to maximum drawdown	0.26	3.94	-3.68
Martin ratio: Return relative to average drawdown	0.68	18.87	-18.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIUIX vs. FBALX - Sharpe Ratio Comparison

The current FIUIX Sharpe Ratio is 0.23, which is lower than the FBALX Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FIUIX and FBALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIUIX	FBALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	2.97	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.79	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.92	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.81	-0.25

Drawdowns

FIUIX vs. FBALX - Drawdown Comparison

The maximum FIUIX drawdown since its inception was -66.48%, which is greater than FBALX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FIUIX and FBALX.

Drawdown Indicators

	FIUIX	FBALX	Difference
Max Drawdown Largest peak-to-trough decline	-66.48%	-43.57%	-22.91%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-6.47%	-7.37%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-12.88%	-0.96%
Max Drawdown (5Y) Largest decline over 5 years	-16.64%	-22.89%	+6.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.51%	-26.68%	-6.83%
Current Drawdown Current decline from peak	-7.66%	0.00%	-7.66%
Average Drawdown Average peak-to-trough decline	-11.75%	-4.37%	-7.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	1.35%	+3.92%

Volatility

FIUIX vs. FBALX - Volatility Comparison

Fidelity Telecom and Utilities Fund (FIUIX) has a higher volatility of 5.26% compared to Fidelity Balanced Fund (FBALX) at 2.58%. This indicates that FIUIX'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.

Volatility by Period

	FIUIX	FBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	2.58%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	6.80%	+6.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.44%	8.58%	+6.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	12.18%	+3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	12.78%	+4.38%

FIUIX vs. FBALX - Expense Ratio Comparison

FIUIX has a 0.60% expense ratio, which is higher than FBALX's 0.46% expense ratio.

Dividends

FIUIX vs. FBALX - Dividend Comparison

FIUIX's dividend yield for the trailing twelve months is around 3.25%, less than FBALX's 5.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBALX Fidelity Balanced Fund	5.14%	5.69%	5.67%	2.28%	8.06%	9.66%	5.90%	4.24%	10.99%	7.90%	3.07%	7.70%
FIUIX Fidelity Telecom and Utilities Fund	3.25%	2.34%	6.50%	7.60%	3.77%	5.19%	3.73%	6.88%	10.10%	5.99%	3.33%	3.65%

Frequently Asked Questions

Can I hold both FIUIX and FBALX in my portfolio?

FIUIX and FBALX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIUIX or FBALX?

FIUIX has higher volatility (5.26%) compared to FBALX (2.58%). In terms of maximum drawdown, FIUIX dropped -66.48% vs FBALX's -43.57%.

Which has better risk-adjusted returns?

FBALX currently has the higher Sharpe Ratio (2.97 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.