FXIFX vs. FBALX
Compare and contrast key facts about Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) and Fidelity Balanced Fund (FBALX).
FXIFX is managed by Fidelity. It was launched on Oct 2, 2009. 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: FXIFX or FBALX.
Key characteristics
| FXIFX | FBALX | |
|---|---|---|
| YTD Return | 10.44% | 17.18% |
| 1Y Return | 17.70% | 24.13% |
| 3Y Return (Ann) | 1.91% | 4.87% |
| 5Y Return (Ann) | 6.66% | 11.49% |
| 10Y Return (Ann) | 6.99% | 9.81% |
| Sharpe Ratio | 2.25 | 2.79 |
| Sortino Ratio | 3.25 | 3.94 |
| Omega Ratio | 1.42 | 1.53 |
| Calmar Ratio | 1.66 | 3.14 |
| Martin Ratio | 13.94 | 18.24 |
| Ulcer Index | 1.26% | 1.30% |
| Daily Std Dev | 7.80% | 8.51% |
| Max Drawdown | -23.90% | -42.81% |
| Current Drawdown | -1.65% | -0.82% |
Correlation
The correlation between FXIFX 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
FXIFX vs. FBALX - Performance Comparison
In the year-to-date period, FXIFX achieves a 10.44% return, which is significantly lower than FBALX's 17.18% return. Over the past 10 years, FXIFX has underperformed FBALX with an annualized return of 6.99%, while FBALX has yielded a comparatively higher 9.81% 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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FXIFX vs. FBALX - Expense Ratio Comparison
FXIFX has a 0.12% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FXIFX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) 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
FXIFX vs. FBALX - Dividend Comparison
FXIFX's dividend yield for the trailing twelve months is around 2.09%, more than FBALX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXIFX Fidelity Freedom Index 2030 Fund Investor Class | 2.09% | 2.26% | 2.22% | 1.53% | 1.41% | 1.92% | 2.19% | 1.76% | 1.90% | 2.02% | 4.87% | 0.26% |
FBALX Fidelity Balanced Fund | 1.76% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FXIFX vs. FBALX - Drawdown Comparison
The maximum FXIFX drawdown since its inception was -23.90%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FXIFX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FXIFX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) is 2.09%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.55%. This indicates that FXIFX 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.