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.
Performance
FYMIX vs. FBALX - Performance Comparison
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FYMIX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FYMIX Fidelity Sustainable Multi-Asset Fund | -2.11% | 18.95% | 11.09% | 16.15% | -15.71% |
FBALX Fidelity Balanced Fund | -1.74% | 15.11% | 16.09% | 20.31% | -14.37% |
Returns By Period
In the year-to-date period, FYMIX achieves a -2.11% return, which is significantly lower than FBALX's -1.74% return.
FYMIX
- 1D
- 2.39%
- 1M
- -5.31%
- YTD
- -2.11%
- 6M
- 0.46%
- 1Y
- 17.23%
- 3Y*
- 12.19%
- 5Y*
- —
- 10Y*
- —
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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FYMIX vs. FBALX - Expense Ratio Comparison
FYMIX has a 0.05% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Return for Risk
FYMIX vs. FBALX — Risk / Return Rank
FYMIX
FBALX
FYMIX vs. FBALX - Risk-Adjusted Trends 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.
| FYMIX | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.37 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.99 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.05 | -0.09 |
Martin ratioReturn relative to average drawdown | 7.99 | 9.47 | -1.49 |
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
| FYMIX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.37 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.79 | -0.32 |
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.
Dividends
FYMIX vs. FBALX - Dividend Comparison
FYMIX's dividend yield for the trailing twelve months is around 3.77%, less than FBALX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYMIX Fidelity Sustainable Multi-Asset Fund | 3.77% | 3.69% | 1.84% | 1.78% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FYMIX vs. FBALX - Drawdown Comparison
The maximum FYMIX drawdown since its inception was -22.70%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FYMIX and FBALX.
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Drawdown Indicators
| FYMIX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.70% | -43.57% | +20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.14% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.68% | — |
Current DrawdownCurrent decline from peak | -6.54% | -4.56% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -4.39% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.76% | +0.44% |
Volatility
FYMIX vs. FBALX - Volatility Comparison
Fidelity Sustainable Multi-Asset Fund (FYMIX) has a higher volatility of 5.52% compared to Fidelity Balanced Fund (FBALX) at 4.19%. This indicates that FYMIX'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.
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Volatility by Period
| FYMIX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 4.19% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 6.77% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 11.94% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 12.18% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 12.75% | -0.03% |