FSAEX vs. FBALX
Compare and contrast key facts about Fidelity Series All-Sector Equity Fund (FSAEX) and Fidelity Balanced Fund (FBALX).
FSAEX is managed by Fidelity. It was launched on Oct 17, 2008. 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: FSAEX or FBALX.
Key characteristics
| FSAEX | FBALX | |
|---|---|---|
| YTD Return | 25.72% | 17.65% |
| 1Y Return | 28.62% | 24.29% |
| 3Y Return (Ann) | 0.54% | 4.99% |
| 5Y Return (Ann) | 6.25% | 11.59% |
| 10Y Return (Ann) | 1.09% | 9.83% |
| Sharpe Ratio | 2.23 | 3.04 |
| Sortino Ratio | 2.92 | 4.32 |
| Omega Ratio | 1.42 | 1.58 |
| Calmar Ratio | 1.39 | 3.47 |
| Martin Ratio | 14.23 | 20.17 |
| Ulcer Index | 2.18% | 1.30% |
| Daily Std Dev | 13.94% | 8.64% |
| Max Drawdown | -50.00% | -42.81% |
| Current Drawdown | -0.37% | -0.43% |
Correlation
The correlation between FSAEX and FBALX is 0.96, 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
FSAEX vs. FBALX - Performance Comparison
In the year-to-date period, FSAEX achieves a 25.72% return, which is significantly higher than FBALX's 17.65% return. Over the past 10 years, FSAEX has underperformed FBALX with an annualized return of 1.09%, while FBALX has yielded a comparatively higher 9.83% annualized 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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FSAEX vs. FBALX - Expense Ratio Comparison
FSAEX has a 0.00% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FSAEX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) 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
FSAEX vs. FBALX - Dividend Comparison
FSAEX's dividend yield for the trailing twelve months is around 1.06%, less than FBALX's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | 1.06% | 1.27% | 1.48% | 1.18% | 1.45% | 1.75% | 2.58% | 1.49% | 1.50% | 3.89% | 11.83% | 10.21% |
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
FSAEX vs. FBALX - Drawdown Comparison
The maximum FSAEX drawdown since its inception was -50.00%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FSAEX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FSAEX vs. FBALX - Volatility Comparison
Fidelity Series All-Sector Equity Fund (FSAEX) has a higher volatility of 4.02% compared to Fidelity Balanced Fund (FBALX) at 2.53%. This indicates that FSAEX'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.