Correlation
The correlation between FIUIX and FBALX is 0.71, 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.
FIUIX vs. FBALX
Compare and contrast key facts about Fidelity Telecom and Utilities Fund (FIUIX) and Fidelity Balanced Fund (FBALX).
FIUIX is managed by Fidelity. It was launched on Nov 27, 1987. 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: FIUIX or FBALX.
Performance
FIUIX vs. FBALX - Performance Comparison
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Key characteristics
FIUIX:
1.16
FBALX:
0.64
FIUIX:
1.58
FBALX:
1.02
FIUIX:
1.21
FBALX:
1.14
FIUIX:
2.00
FBALX:
0.68
FIUIX:
5.73
FBALX:
2.51
FIUIX:
3.18%
FBALX:
3.47%
FIUIX:
15.67%
FBALX:
12.95%
FIUIX:
-64.48%
FBALX:
-43.55%
FIUIX:
-1.02%
FBALX:
-2.69%
Returns By Period
In the year-to-date period, FIUIX achieves a 5.64% return, which is significantly higher than FBALX's 0.62% return. Both investments have delivered pretty close results over the past 10 years, with FIUIX having a 9.48% annualized return and FBALX not far behind at 9.30%.
FIUIX
5.64%
2.68%
-0.86%
18.04%
11.47%
12.28%
9.48%
FBALX
0.62%
4.26%
-1.19%
8.17%
9.64%
11.11%
9.30%
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FIUIX vs. FBALX - Expense Ratio Comparison
FIUIX has a 0.60% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FIUIX vs. FBALX — Risk-Adjusted Performance Rank
FIUIX
FBALX
FIUIX vs. FBALX - Risk-Adjusted Performance 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.
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Dividends
FIUIX vs. FBALX - Dividend Comparison
FIUIX's dividend yield for the trailing twelve months is around 5.38%, less than FBALX's 5.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIUIX Fidelity Telecom and Utilities Fund | 5.38% | 6.50% | 7.60% | 3.77% | 5.19% | 3.73% | 6.88% | 10.10% | 5.99% | 3.33% | 4.19% | 3.22% |
FBALX Fidelity Balanced Fund | 5.69% | 5.67% | 3.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% | 9.78% |
Drawdowns
FIUIX vs. FBALX - Drawdown Comparison
The maximum FIUIX drawdown since its inception was -64.48%, which is greater than FBALX's maximum drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for FIUIX and FBALX.
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Volatility
FIUIX vs. FBALX - Volatility Comparison
Fidelity Telecom and Utilities Fund (FIUIX) has a higher volatility of 4.03% compared to Fidelity Balanced Fund (FBALX) at 3.08%. 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.
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