FWRLX vs. FBALX
Compare and contrast key facts about Fidelity Select Wireless Portfolio (FWRLX) and Fidelity Balanced Fund (FBALX).
FWRLX is managed by Fidelity. It was launched on Sep 20, 2000. 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: FWRLX or FBALX.
Correlation
The correlation between FWRLX and FBALX is 0.82, 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
FWRLX vs. FBALX - Performance Comparison
Key characteristics
FWRLX:
0.08
FBALX:
0.04
FWRLX:
0.23
FBALX:
0.15
FWRLX:
1.03
FBALX:
1.02
FWRLX:
0.06
FBALX:
0.04
FWRLX:
0.25
FBALX:
0.15
FWRLX:
6.09%
FBALX:
3.45%
FWRLX:
18.52%
FBALX:
12.69%
FWRLX:
-79.37%
FBALX:
-42.81%
FWRLX:
-22.48%
FBALX:
-10.64%
Returns By Period
In the year-to-date period, FWRLX achieves a -10.57% return, which is significantly lower than FBALX's -6.68% return. Over the past 10 years, FWRLX has underperformed FBALX with an annualized return of 3.60%, while FBALX has yielded a comparatively higher 3.84% annualized return.
FWRLX
-10.57%
-10.78%
-15.58%
2.11%
2.92%
3.60%
FBALX
-6.68%
-4.88%
-7.88%
1.04%
5.32%
3.84%
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FWRLX vs. FBALX - Expense Ratio Comparison
FWRLX has a 0.77% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FWRLX vs. FBALX — Risk-Adjusted Performance Rank
FWRLX
FBALX
FWRLX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Wireless Portfolio (FWRLX) 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
FWRLX vs. FBALX - Dividend Comparison
FWRLX's dividend yield for the trailing twelve months is around 0.98%, less than FBALX's 6.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRLX Fidelity Select Wireless Portfolio | 0.98% | 1.02% | 0.96% | 0.97% | 0.65% | 0.70% | 1.05% | 2.34% | 1.34% | 1.05% | 9.95% | 25.29% |
FBALX Fidelity Balanced Fund | 6.14% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% |
Drawdowns
FWRLX vs. FBALX - Drawdown Comparison
The maximum FWRLX drawdown since its inception was -79.37%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FWRLX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FWRLX vs. FBALX - Volatility Comparison
Fidelity Select Wireless Portfolio (FWRLX) has a higher volatility of 12.14% compared to Fidelity Balanced Fund (FBALX) at 8.33%. This indicates that FWRLX'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.