FMRAX vs. FBALX
Compare and contrast key facts about Fidelity Managed Retirement 2030 (FMRAX) and Fidelity Balanced Fund (FBALX).
FMRAX is managed by Blackrock. It was launched on Aug 16, 2019. 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: FMRAX or FBALX.
Correlation
The correlation between FMRAX and FBALX is 0.77, 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
FMRAX vs. FBALX - Performance Comparison
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Key characteristics
FMRAX:
0.69%
FBALX:
12.87%
FMRAX:
-0.09%
FBALX:
-42.81%
FMRAX:
-0.09%
FBALX:
-6.22%
Returns By Period
FMRAX
N/A
N/A
N/A
N/A
N/A
N/A
FBALX
-2.06%
4.31%
-4.65%
2.67%
6.01%
4.32%
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FMRAX vs. FBALX - Expense Ratio Comparison
FMRAX has a 0.48% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FMRAX vs. FBALX — Risk-Adjusted Performance Rank
FMRAX
FBALX
FMRAX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 (FMRAX) 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
FMRAX vs. FBALX - Dividend Comparison
FMRAX has not paid dividends to shareholders, while FBALX's dividend yield for the trailing twelve months is around 1.88%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 1.88% | 1.81% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% |
Drawdowns
FMRAX vs. FBALX - Drawdown Comparison
The maximum FMRAX drawdown since its inception was -0.09%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FMRAX and FBALX. For additional features, visit the drawdowns tool.
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Volatility
FMRAX vs. FBALX - Volatility Comparison
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