IVLU vs. FBALX
IVLU (iShares MSCI International Value Factor ETF) and FBALX (Fidelity Balanced Fund) are both funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while FBALX is a Diversified Portfolio fund actively managed by Fidelity. IVLU is passively managed, while FBALX is actively managed. Over the past 10 years, IVLU returned 11.63%/yr vs 11.70%/yr for FBALX. A 0.68 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.46%/yr for FBALX.
Performance
IVLU vs. FBALX - Performance Comparison
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Returns By Period
In the year-to-date period, IVLU achieves a 12.96% return, which is significantly higher than FBALX's 8.71% return. Both investments have delivered pretty close results over the past 10 years, with IVLU having a 11.63% annualized return and FBALX not far ahead at 11.70%.
IVLU
- 1D
- 0.56%
- 1M
- 0.70%
- YTD
- 12.96%
- 6M
- 14.33%
- 1Y
- 33.78%
- 3Y*
- 23.53%
- 5Y*
- 14.06%
- 10Y*
- 11.63%
FBALX
- 1D
- 1.52%
- 1M
- -0.11%
- YTD
- 8.71%
- 6M
- 9.51%
- 1Y
- 21.68%
- 3Y*
- 15.96%
- 5Y*
- 8.88%
- 10Y*
- 11.70%
IVLU vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 12.96% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 23.10% |
FBALX Fidelity Balanced Fund | 8.71% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Correlation
The correlation between IVLU and FBALX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015 | 0.68 |
The correlation between IVLU and FBALX has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
IVLU vs. FBALX — Risk / Return Rank
IVLU
FBALX
IVLU vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVLU | FBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.47 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.44 | -0.53 |
| Martin ratioReturn relative to average drawdown | 11.01 | 16.08 | -5.07 |
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Drawdowns
IVLU vs. FBALX - Drawdown Comparison
The maximum IVLU drawdown since its inception was -41.85%, roughly equal to the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for IVLU and FBALX.
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Drawdown Indicators
| IVLU | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.85% | -43.57% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -6.47% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.48% | -12.88% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -22.89% | -3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | -26.68% | -15.17% |
Current DrawdownCurrent decline from peak | -0.53% | -1.44% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -4.37% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.38% | +1.71% |
Volatility
IVLU vs. FBALX - Volatility Comparison
iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 5.44% compared to Fidelity Balanced Fund (FBALX) at 3.69%. This indicates that IVLU'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
| IVLU | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.69% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 7.41% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 9.06% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 12.24% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 12.81% | +4.85% |
IVLU vs. FBALX - Expense Ratio Comparison
IVLU has a 0.30% expense ratio, which is lower than FBALX's 0.46% expense ratio.
Dividends
IVLU vs. FBALX - Dividend Comparison
IVLU's dividend yield for the trailing twelve months is around 3.28%, less than FBALX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 5.22% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
IVLU iShares MSCI International Value Factor ETF | 3.28% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
Frequently Asked Questions
IVLU and FBALX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVLU has higher volatility (5.44%) compared to FBALX (3.69%). In terms of maximum drawdown, IVLU dropped -41.85% vs FBALX's -43.57%.
FBALX currently has the higher Sharpe Ratio (2.45 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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