FSANX vs. FBALX
Compare and contrast key facts about Fidelity Asset Manager 60% Fund (FSANX) and Fidelity Balanced Fund (FBALX).
FSANX is managed by Blackrock. It was launched on Oct 9, 2007. 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: FSANX or FBALX.
Correlation
The correlation between FSANX and FBALX is 0.95, 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
FSANX vs. FBALX - Performance Comparison
Key characteristics
FSANX:
1.25
FBALX:
1.22
FSANX:
1.75
FBALX:
1.69
FSANX:
1.22
FBALX:
1.22
FSANX:
1.44
FBALX:
0.99
FSANX:
5.76
FBALX:
5.89
FSANX:
1.83%
FBALX:
1.93%
FSANX:
8.44%
FBALX:
9.33%
FSANX:
-41.36%
FBALX:
-42.81%
FSANX:
-1.30%
FBALX:
-1.52%
Returns By Period
In the year-to-date period, FSANX achieves a 3.68% return, which is significantly higher than FBALX's 2.84% return. Both investments have delivered pretty close results over the past 10 years, with FSANX having a 5.17% annualized return and FBALX not far behind at 4.96%.
FSANX
3.68%
1.39%
3.17%
10.84%
5.61%
5.17%
FBALX
2.84%
0.73%
2.03%
11.90%
5.06%
4.96%
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FSANX vs. FBALX - Expense Ratio Comparison
FSANX has a 0.68% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FSANX vs. FBALX — Risk-Adjusted Performance Rank
FSANX
FBALX
FSANX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 60% Fund (FSANX) 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
FSANX vs. FBALX - Dividend Comparison
FSANX's dividend yield for the trailing twelve months is around 2.04%, more than FBALX's 1.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSANX Fidelity Asset Manager 60% Fund | 2.04% | 2.12% | 1.93% | 2.27% | 1.35% | 1.07% | 1.61% | 1.59% | 1.18% | 1.38% | 1.78% | 7.81% |
FBALX Fidelity Balanced Fund | 1.76% | 1.81% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% |
Drawdowns
FSANX vs. FBALX - Drawdown Comparison
The maximum FSANX drawdown since its inception was -41.36%, roughly equal to the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FSANX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FSANX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Asset Manager 60% Fund (FSANX) is 2.20%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.43%. This indicates that FSANX 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.