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.
Key characteristics
| FMRAX | FBALX | |
|---|---|---|
| YTD Return | 8.12% | 17.18% |
| 1Y Return | 14.76% | 24.13% |
| 3Y Return (Ann) | -0.63% | 4.87% |
| 5Y Return (Ann) | 4.09% | 11.49% |
| Sharpe Ratio | 2.12 | 2.79 |
| Sortino Ratio | 3.09 | 3.94 |
| Omega Ratio | 1.39 | 1.53 |
| Calmar Ratio | 1.01 | 3.14 |
| Martin Ratio | 12.54 | 18.24 |
| Ulcer Index | 1.18% | 1.30% |
| Daily Std Dev | 6.97% | 8.51% |
| Max Drawdown | -24.46% | -42.81% |
| Current Drawdown | -2.35% | -0.82% |
Correlation
The correlation between FMRAX and FBALX is 0.92, 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
In the year-to-date period, FMRAX achieves a 8.12% return, which is significantly lower than FBALX's 17.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FMRAX vs. FBALX - Dividend Comparison
FMRAX's dividend yield for the trailing twelve months is around 2.42%, more than FBALX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | 2.42% | 2.31% | 3.00% | 2.23% | 1.05% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 1.76% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FMRAX vs. FBALX - Drawdown Comparison
The maximum FMRAX drawdown since its inception was -24.46%, 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.
Volatility
FMRAX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Managed Retirement 2030 (FMRAX) is 1.92%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.55%. This indicates that FMRAX 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.