FYMIX vs. FBALX
Compare and contrast key facts about Fidelity Sustainable Multi-Asset Fund (FYMIX) and Fidelity Balanced Fund (FBALX).
FYMIX is managed by Fidelity. It was launched on Feb 9, 2022. 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: FYMIX or FBALX.
Correlation
The correlation between FYMIX 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
FYMIX vs. FBALX - Performance Comparison
Key characteristics
FYMIX:
1.43
FBALX:
1.32
FYMIX:
2.03
FBALX:
1.82
FYMIX:
1.26
FBALX:
1.24
FYMIX:
2.27
FBALX:
1.08
FYMIX:
7.17
FBALX:
6.43
FYMIX:
1.97%
FBALX:
1.93%
FYMIX:
9.83%
FBALX:
9.36%
FYMIX:
-22.70%
FBALX:
-42.81%
FYMIX:
-0.41%
FBALX:
-1.52%
Returns By Period
In the year-to-date period, FYMIX achieves a 3.59% return, which is significantly higher than FBALX's 2.84% return.
FYMIX
3.59%
3.19%
3.77%
12.58%
N/A
N/A
FBALX
2.84%
1.95%
2.26%
10.90%
4.93%
5.02%
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FYMIX vs. FBALX - Expense Ratio Comparison
FYMIX has a 0.05% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FYMIX vs. FBALX — Risk-Adjusted Performance Rank
FYMIX
FBALX
FYMIX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Multi-Asset Fund (FYMIX) 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
FYMIX vs. FBALX - Dividend Comparison
FYMIX's dividend yield for the trailing twelve months is around 1.78%, more than FBALX's 1.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYMIX Fidelity Sustainable Multi-Asset Fund | 1.78% | 1.84% | 1.78% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FYMIX vs. FBALX - Drawdown Comparison
The maximum FYMIX drawdown since its inception was -22.70%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FYMIX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FYMIX vs. FBALX - Volatility Comparison
Fidelity Sustainable Multi-Asset Fund (FYMIX) and Fidelity Balanced Fund (FBALX) have volatilities of 2.63% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.