FBALX vs. GAA
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and Cambria Global Asset Allocation ETF (GAA).
FBALX is managed by Fidelity. It was launched on Nov 6, 1986. GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBALX or GAA.
Key characteristics
| FBALX | GAA | |
|---|---|---|
| YTD Return | 17.72% | 9.50% |
| 1Y Return | 26.78% | 18.21% |
| 3Y Return (Ann) | 4.92% | 2.00% |
| 5Y Return (Ann) | 11.79% | 6.01% |
| Sharpe Ratio | 3.10 | 1.73 |
| Sortino Ratio | 4.39 | 2.47 |
| Omega Ratio | 1.59 | 1.31 |
| Calmar Ratio | 2.76 | 1.68 |
| Martin Ratio | 20.73 | 11.61 |
| Ulcer Index | 1.30% | 1.51% |
| Daily Std Dev | 8.71% | 10.13% |
| Max Drawdown | -42.81% | -26.57% |
| Current Drawdown | 0.00% | -1.12% |
Correlation
The correlation between FBALX and GAA is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FBALX vs. GAA - Performance Comparison
In the year-to-date period, FBALX achieves a 17.72% return, which is significantly higher than GAA's 9.50% 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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FBALX vs. GAA - Expense Ratio Comparison
FBALX has a 0.51% expense ratio, which is higher than GAA's 0.41% expense ratio.
Risk-Adjusted Performance
FBALX vs. GAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Cambria Global Asset Allocation ETF (GAA). 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
FBALX vs. GAA - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 4.55%, which matches GAA's 4.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GAA Cambria Global Asset Allocation ETF | 4.52% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.00% | 2.35% | 2.81% | 2.49% | 0.57% | 0.00% |
Drawdowns
FBALX vs. GAA - Drawdown Comparison
The maximum FBALX drawdown since its inception was -42.81%, which is greater than GAA's maximum drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for FBALX and GAA. For additional features, visit the drawdowns tool.
Volatility
FBALX vs. GAA - Volatility Comparison
The current volatility for Fidelity Balanced Fund (FBALX) is 2.61%, while Cambria Global Asset Allocation ETF (GAA) has a volatility of 2.86%. This indicates that FBALX experiences smaller price fluctuations and is considered to be less risky than GAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.