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FBALX vs. GAA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FBALX vs. GAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Balanced Fund (FBALX) and Cambria Global Asset Allocation ETF (GAA). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.11%
4.17%
FBALX
GAA

Returns By Period

In the year-to-date period, FBALX achieves a 17.26% return, which is significantly higher than GAA's 8.75% return.


FBALX

YTD

17.26%

1M

1.07%

6M

9.11%

1Y

22.73%

5Y (annualized)

11.54%

10Y (annualized)

9.67%

GAA

YTD

8.75%

1M

0.24%

6M

4.17%

1Y

13.97%

5Y (annualized)

5.82%

10Y (annualized)

N/A

Key characteristics


FBALXGAA
Sharpe Ratio2.681.43
Sortino Ratio3.772.04
Omega Ratio1.501.26
Calmar Ratio3.501.82
Martin Ratio17.478.99
Ulcer Index1.32%1.58%
Daily Std Dev8.58%9.94%
Max Drawdown-42.81%-26.57%
Current Drawdown-0.75%-1.80%

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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.


FBALX
Fidelity Balanced Fund
Expense ratio chart for FBALX: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
Expense ratio chart for GAA: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%

Correlation

-0.50.00.51.00.6

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FBALX, currently valued at 2.68, compared to the broader market-1.000.001.002.003.004.005.002.681.43
The chart of Sortino ratio for FBALX, currently valued at 3.77, compared to the broader market0.005.0010.003.772.04
The chart of Omega ratio for FBALX, currently valued at 1.50, compared to the broader market1.002.003.004.001.501.26
The chart of Calmar ratio for FBALX, currently valued at 3.50, compared to the broader market0.005.0010.0015.0020.0025.003.501.82
The chart of Martin ratio for FBALX, currently valued at 17.47, compared to the broader market0.0020.0040.0060.0080.00100.0017.478.99
FBALX
GAA

The current FBALX Sharpe Ratio is 2.68, which is higher than the GAA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FBALX and GAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.68
1.43
FBALX
GAA

Dividends

FBALX vs. GAA - Dividend Comparison

FBALX's dividend yield for the trailing twelve months is around 1.76%, less than GAA's 4.55% yield.


TTM20232022202120202019201820172016201520142013
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%
GAA
Cambria Global Asset Allocation ETF
4.55%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.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.75%
-1.80%
FBALX
GAA

Volatility

FBALX vs. GAA - Volatility Comparison

Fidelity Balanced Fund (FBALX) has a higher volatility of 2.68% compared to Cambria Global Asset Allocation ETF (GAA) at 2.38%. This indicates that FBALX's price experiences larger fluctuations and is considered to be riskier than GAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%JuneJulyAugustSeptemberOctoberNovember
2.68%
2.38%
FBALX
GAA