FVWSX vs. FBALX
Compare and contrast key facts about Fidelity Series Opportunistic Insights Fund (FVWSX) and Fidelity Balanced Fund (FBALX).
FVWSX is managed by Fidelity. It was launched on Dec 6, 2012. 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: FVWSX or FBALX.
Key characteristics
| FVWSX | FBALX | |
|---|---|---|
| YTD Return | 38.34% | 17.65% |
| 1Y Return | 45.36% | 24.29% |
| 3Y Return (Ann) | 2.18% | 4.99% |
| 5Y Return (Ann) | 7.67% | 11.59% |
| 10Y Return (Ann) | 6.68% | 9.83% |
| Sharpe Ratio | 3.06 | 3.04 |
| Sortino Ratio | 4.02 | 4.32 |
| Omega Ratio | 1.57 | 1.58 |
| Calmar Ratio | 1.72 | 3.47 |
| Martin Ratio | 17.95 | 20.17 |
| Ulcer Index | 2.64% | 1.30% |
| Daily Std Dev | 15.53% | 8.64% |
| Max Drawdown | -43.63% | -42.81% |
| Current Drawdown | -0.34% | -0.43% |
Correlation
The correlation between FVWSX and FBALX is 0.91, 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
FVWSX vs. FBALX - Performance Comparison
In the year-to-date period, FVWSX achieves a 38.34% return, which is significantly higher than FBALX's 17.65% return. Over the past 10 years, FVWSX has underperformed FBALX with an annualized return of 6.68%, 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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FVWSX vs. FBALX - Expense Ratio Comparison
FVWSX has a 0.00% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FVWSX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Opportunistic Insights Fund (FVWSX) 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
FVWSX vs. FBALX - Dividend Comparison
FVWSX's dividend yield for the trailing twelve months is around 0.74%, less than FBALX's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVWSX Fidelity Series Opportunistic Insights Fund | 0.74% | 1.02% | 1.28% | 0.97% | 0.77% | 0.85% | 0.84% | 0.60% | 0.03% | 1.31% | 3.74% | 1.09% |
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
FVWSX vs. FBALX - Drawdown Comparison
The maximum FVWSX drawdown since its inception was -43.63%, roughly equal to the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FVWSX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FVWSX vs. FBALX - Volatility Comparison
Fidelity Series Opportunistic Insights Fund (FVWSX) has a higher volatility of 4.32% compared to Fidelity Balanced Fund (FBALX) at 2.53%. This indicates that FVWSX'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.