JABAX vs. FBALX
JABAX (Janus Henderson Balanced Fund Class T) and FBALX (Fidelity Balanced Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past 10 years, JABAX returned 10.46%/yr vs 11.36%/yr for FBALX. Their correlation of 0.90 means they have usually moved in the same direction. JABAX charges 0.66%/yr vs 0.46%/yr for FBALX.
Performance
JABAX vs. FBALX - Performance Comparison
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Returns By Period
In the year-to-date period, JABAX achieves a 3.11% return, which is significantly lower than FBALX's 8.97% return. Over the past 10 years, JABAX has underperformed FBALX with an annualized return of 10.46%, while FBALX has yielded a comparatively higher 11.36% annualized return.
JABAX
- 1D
- 1.54%
- 1M
- -0.34%
- 6M
- 2.54%
- YTD
- 3.11%
- 1Y
- 9.32%
- 3Y*
- 14.02%
- 5Y*
- 7.63%
- 10Y*
- 10.46%
- ALL TIME*
- 9.77%
FBALX
- 1D
- 1.16%
- 1M
- -0.98%
- 6M
- 7.04%
- YTD
- 8.97%
- 1Y
- 18.20%
- 3Y*
- 14.64%
- 5Y*
- 8.55%
- 10Y*
- 11.36%
- ALL TIME*
- 9.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JABAX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JABAX Janus Henderson Balanced Fund Class T | 3.11% | 14.85% | 20.63% | 15.29% | -16.70% | 17.07% | 14.22% | 22.40% | 0.53% | 17.68% |
FBALX Fidelity Balanced Fund | 8.97% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Correlation
The correlation between JABAX and FBALX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 1992 | 0.90 |
The correlation between JABAX and FBALX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
JABAX vs. FBALX — Risk / Return Rank
JABAX
FBALX
JABAX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class T (JABAX) 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.
| JABAX | FBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.67 | -1.64 |
| Martin ratioReturn relative to average drawdown | 4.35 | 12.02 | -7.67 |
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Drawdowns
JABAX vs. FBALX - Drawdown Comparison
The maximum JABAX drawdown since its inception was -25.98%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for JABAX and FBALX.
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Drawdown Indicators
| JABAX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.98% | -43.57% | +17.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -6.47% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.93% | -12.88% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.60% | -22.89% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -22.50% | -26.68% | +4.18% |
Current DrawdownCurrent decline from peak | -0.90% | -1.73% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -4.36% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.44% | +0.49% |
Volatility
JABAX vs. FBALX - Volatility Comparison
Janus Henderson Balanced Fund Class T (JABAX) and Fidelity Balanced Fund (FBALX) have volatilities of 2.67% and 2.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JABAX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.56% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 7.72% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 9.49% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.46% | 12.27% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 12.79% | -1.52% |
JABAX vs. FBALX - Expense Ratio Comparison
JABAX has a 0.66% expense ratio, which is higher than FBALX's 0.46% expense ratio.
Dividends
JABAX vs. FBALX - Dividend Comparison
JABAX's dividend yield for the trailing twelve months is around 8.44%, more 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% |
JABAX Janus Henderson Balanced Fund Class T | 8.44% | 8.67% | 11.71% | 2.15% | 1.83% | 4.38% | 2.41% | 2.76% | 6.95% | 4.59% | 3.28% | 6.18% |
Frequently Asked Questions
With a correlation of 0.97, JABAX and FBALX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JABAX has higher volatility (2.67%) compared to FBALX (2.56%). In terms of maximum drawdown, JABAX dropped -25.98% vs FBALX's -43.57%.
FBALX currently has the higher Sharpe Ratio (1.82 vs 0.89), 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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