FMSDX vs. FBALX
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity Balanced Fund (FBALX).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. 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: FMSDX or FBALX.
Key characteristics
| FMSDX | FBALX | |
|---|---|---|
| YTD Return | 12.34% | 17.65% |
| 1Y Return | 18.12% | 24.29% |
| 3Y Return (Ann) | 2.53% | 4.99% |
| 5Y Return (Ann) | 8.90% | 11.59% |
| Sharpe Ratio | 2.61 | 3.04 |
| Sortino Ratio | 3.79 | 4.32 |
| Omega Ratio | 1.51 | 1.58 |
| Calmar Ratio | 2.06 | 3.47 |
| Martin Ratio | 17.58 | 20.17 |
| Ulcer Index | 1.02% | 1.30% |
| Daily Std Dev | 6.91% | 8.64% |
| Max Drawdown | -21.64% | -42.81% |
| Current Drawdown | -0.89% | -0.43% |
Correlation
The correlation between FMSDX and FBALX is 0.89, 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
FMSDX vs. FBALX - Performance Comparison
In the year-to-date period, FMSDX achieves a 12.34% return, which is significantly lower than FBALX's 17.65% 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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FMSDX vs. FBALX - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FMSDX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) 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
FMSDX vs. FBALX - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.65%, less than FBALX's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.65% | 4.24% | 3.88% | 2.98% | 3.26% | 2.76% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 4.55% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FMSDX vs. FBALX - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FMSDX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FMSDX vs. FBALX - Volatility Comparison
Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity Balanced Fund (FBALX) have volatilities of 2.56% and 2.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.