Correlation
The correlation between IWGAX and FBALX is 0.91, 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.
IWGAX vs. FBALX
Compare and contrast key facts about Delaware Ivy Wilshire Global Allocation Fund (IWGAX) and Fidelity Balanced Fund (FBALX).
IWGAX is managed by Delaware Funds. It was launched on Mar 8, 1995. 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: IWGAX or FBALX.
Performance
IWGAX vs. FBALX - Performance Comparison
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Key characteristics
IWGAX:
0.87
FBALX:
0.75
IWGAX:
1.15
FBALX:
1.02
IWGAX:
1.16
FBALX:
1.14
IWGAX:
0.83
FBALX:
0.67
IWGAX:
3.60
FBALX:
2.49
IWGAX:
2.35%
FBALX:
3.47%
IWGAX:
10.93%
FBALX:
12.94%
IWGAX:
-26.55%
FBALX:
-43.55%
IWGAX:
-0.23%
FBALX:
-2.26%
Returns By Period
In the year-to-date period, IWGAX achieves a 4.45% return, which is significantly higher than FBALX's 1.07% return.
IWGAX
4.45%
3.40%
1.47%
8.73%
6.99%
7.83%
N/A
FBALX
1.07%
3.62%
-1.24%
9.10%
10.02%
11.20%
9.36%
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IWGAX vs. FBALX - Expense Ratio Comparison
IWGAX has a 0.38% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
IWGAX vs. FBALX — Risk-Adjusted Performance Rank
IWGAX
FBALX
IWGAX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Wilshire Global Allocation Fund (IWGAX) 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.
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Dividends
IWGAX vs. FBALX - Dividend Comparison
IWGAX's dividend yield for the trailing twelve months is around 0.66%, less than FBALX's 5.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWGAX Delaware Ivy Wilshire Global Allocation Fund | 0.66% | 1.84% | 5.39% | 10.27% | 6.94% | 2.99% | 4.41% | 8.27% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 5.67% | 5.67% | 3.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% | 9.78% |
Drawdowns
IWGAX vs. FBALX - Drawdown Comparison
The maximum IWGAX drawdown since its inception was -26.55%, smaller than the maximum FBALX drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for IWGAX and FBALX.
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Volatility
IWGAX vs. FBALX - Volatility Comparison
The current volatility for Delaware Ivy Wilshire Global Allocation Fund (IWGAX) is 2.55%, while Fidelity Balanced Fund (FBALX) has a volatility of 3.07%. This indicates that IWGAX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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