FPURX vs. FBALX
Compare and contrast key facts about Fidelity Puritan Fund (FPURX) and Fidelity Balanced Fund (FBALX).
FPURX is managed by Fidelity. It was launched on Apr 16, 1947. 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: FPURX or FBALX.
Key characteristics
| FPURX | FBALX | |
|---|---|---|
| YTD Return | 11.58% | 10.70% |
| 1Y Return | 18.48% | 16.85% |
| 3Y Return (Ann) | 4.85% | 3.96% |
| 5Y Return (Ann) | 10.91% | 11.04% |
| 10Y Return (Ann) | 9.39% | 9.48% |
| Sharpe Ratio | 1.76 | 1.82 |
| Daily Std Dev | 10.54% | 9.25% |
| Max Drawdown | -30.70% | -42.81% |
| Current Drawdown | -3.55% | -2.60% |
Correlation
The correlation between FPURX and FBALX is 0.93, 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
FPURX vs. FBALX - Performance Comparison
In the year-to-date period, FPURX achieves a 11.58% return, which is significantly higher than FBALX's 10.70% return. Both investments have delivered pretty close results over the past 10 years, with FPURX having a 9.39% annualized return and FBALX not far ahead at 9.48%. 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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FPURX vs. FBALX - Expense Ratio Comparison
FPURX has a 0.50% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FPURX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Puritan Fund (FPURX) 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
FPURX vs. FBALX - Dividend Comparison
FPURX's dividend yield for the trailing twelve months is around 4.91%, more than FBALX's 2.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPURX Fidelity Puritan Fund | 4.91% | 5.34% | 9.38% | 13.10% | 5.10% | 4.29% | 15.26% | 4.18% | 3.71% | 7.94% | 9.74% | 10.25% |
FBALX Fidelity Balanced Fund | 2.25% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
FPURX vs. FBALX - Drawdown Comparison
The maximum FPURX drawdown since its inception was -30.70%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FPURX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FPURX vs. FBALX - Volatility Comparison
Fidelity Puritan Fund (FPURX) has a higher volatility of 3.62% compared to Fidelity Balanced Fund (FBALX) at 3.25%. This indicates that FPURX'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.