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.
Performance
FMRAX vs. FBALX - Performance Comparison
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FMRAX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | -0.17% | 14.35% | 7.19% | 12.51% | -16.27% | 8.90% | 13.83% | 7.61% |
FBALX Fidelity Balanced Fund | -1.74% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 9.70% |
Returns By Period
In the year-to-date period, FMRAX achieves a -0.17% return, which is significantly higher than FBALX's -1.74% return.
FMRAX
- 1D
- 1.55%
- 1M
- -3.55%
- YTD
- -0.17%
- 6M
- 1.54%
- 1Y
- 12.10%
- 3Y*
- 9.38%
- 5Y*
- 4.09%
- 10Y*
- —
FBALX
- 1D
- 2.04%
- 1M
- -3.87%
- YTD
- -1.74%
- 6M
- 0.80%
- 1Y
- 15.76%
- 3Y*
- 13.67%
- 5Y*
- 7.65%
- 10Y*
- 10.73%
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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.
Return for Risk
FMRAX vs. FBALX — Risk / Return Rank
FMRAX
FBALX
FMRAX vs. FBALX - Risk-Adjusted Trends 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.
| FMRAX | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.37 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.07 | 1.99 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.05 | -0.05 |
Martin ratioReturn relative to average drawdown | 8.49 | 9.47 | -0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMRAX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.37 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.63 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.79 | -0.11 |
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.
Dividends
FMRAX vs. FBALX - Dividend Comparison
FMRAX's dividend yield for the trailing twelve months is around 2.60%, less than FBALX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | 2.60% | 2.57% | 2.50% | 2.39% | 4.02% | 4.74% | 3.01% | 1.60% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 5.79% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Drawdowns
FMRAX vs. FBALX - Drawdown Comparison
The maximum FMRAX drawdown since its inception was -22.45%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FMRAX and FBALX.
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Drawdown Indicators
| FMRAX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.45% | -43.57% | +21.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -8.14% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -22.89% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.68% | — |
Current DrawdownCurrent decline from peak | -4.07% | -4.56% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.39% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.76% | -0.28% |
Volatility
FMRAX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Managed Retirement 2030 (FMRAX) is 3.69%, while Fidelity Balanced Fund (FBALX) has a volatility of 4.19%. 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.
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Volatility by Period
| FMRAX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 4.19% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | 6.77% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 11.94% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 12.18% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.05% | 12.75% | -2.70% |