FSHNX vs. FBALX
Compare and contrast key facts about Fidelity Series High Income Fund (FSHNX) and Fidelity Balanced Fund (FBALX).
FSHNX is managed by Fidelity. It was launched on Mar 10, 2011. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
FSHNX vs. FBALX - Performance Comparison
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FSHNX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | -0.28% | 11.17% | 8.75% | 11.25% | -11.52% | 6.05% | 4.57% | 15.20% | -2.14% | 9.40% |
FBALX Fidelity Balanced Fund | -1.74% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Returns By Period
In the year-to-date period, FSHNX achieves a -0.28% return, which is significantly higher than FBALX's -1.74% return. Over the past 10 years, FSHNX has underperformed FBALX with an annualized return of 6.29%, while FBALX has yielded a comparatively higher 10.73% annualized return.
FSHNX
- 1D
- 0.57%
- 1M
- -1.46%
- YTD
- -0.28%
- 6M
- 1.53%
- 1Y
- 9.60%
- 3Y*
- 9.20%
- 5Y*
- 4.68%
- 10Y*
- 6.29%
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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FSHNX vs. FBALX - Expense Ratio Comparison
FSHNX has a 0.00% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Return for Risk
FSHNX vs. FBALX — Risk / Return Rank
FSHNX
FBALX
FSHNX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series High Income Fund (FSHNX) 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.
| FSHNX | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 1.37 | +1.08 |
Sortino ratioReturn per unit of downside risk | 3.63 | 1.99 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.30 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.05 | +1.08 |
Martin ratioReturn relative to average drawdown | 14.43 | 9.47 | +4.95 |
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
| FSHNX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 1.37 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.63 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 0.84 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.79 | +0.18 |
Correlation
The correlation between FSHNX and FBALX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FSHNX vs. FBALX - Dividend Comparison
FSHNX's dividend yield for the trailing twelve months is around 6.53%, more than FBALX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 6.53% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
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
FSHNX vs. FBALX - Drawdown Comparison
The maximum FSHNX drawdown since its inception was -21.98%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FSHNX and FBALX.
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Drawdown Indicators
| FSHNX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.98% | -43.57% | +21.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -8.14% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -22.89% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -21.98% | -26.68% | +4.70% |
Current DrawdownCurrent decline from peak | -1.57% | -4.56% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -4.39% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.76% | -1.05% |
Volatility
FSHNX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Series High Income Fund (FSHNX) is 1.40%, while Fidelity Balanced Fund (FBALX) has a volatility of 4.19%. This indicates that FSHNX 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
| FSHNX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 4.19% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 6.77% | -4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 11.94% | -7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 12.18% | -6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 12.75% | -6.92% |