Correlation
The correlation between MACPX and FBALX is 0.89, 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.
MACPX vs. FBALX
Compare and contrast key facts about BlackRock Sustainable Balanced Fund (MACPX) and Fidelity Balanced Fund (FBALX).
MACPX is managed by Blackrock. It was launched on Nov 7, 1973. 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: MACPX or FBALX.
Performance
MACPX vs. FBALX - Performance Comparison
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Key characteristics
MACPX:
0.62
FBALX:
0.75
MACPX:
0.81
FBALX:
1.02
MACPX:
1.12
FBALX:
1.14
MACPX:
0.47
FBALX:
0.67
MACPX:
1.65
FBALX:
2.49
MACPX:
3.67%
FBALX:
3.47%
MACPX:
11.16%
FBALX:
12.94%
MACPX:
-49.81%
FBALX:
-43.55%
MACPX:
-2.43%
FBALX:
-2.26%
Returns By Period
In the year-to-date period, MACPX achieves a 4.17% return, which is significantly higher than FBALX's 1.07% return. Over the past 10 years, MACPX has underperformed FBALX with an annualized return of 2.82%, while FBALX has yielded a comparatively higher 9.36% annualized return.
MACPX
4.17%
3.41%
-0.73%
6.27%
6.77%
5.06%
2.82%
FBALX
1.07%
3.62%
-1.24%
9.10%
10.02%
11.20%
9.36%
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MACPX vs. FBALX - Expense Ratio Comparison
MACPX has a 0.50% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
MACPX vs. FBALX — Risk-Adjusted Performance Rank
MACPX
FBALX
MACPX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Balanced Fund (MACPX) 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
MACPX vs. FBALX - Dividend Comparison
MACPX's dividend yield for the trailing twelve months is around 7.35%, more than FBALX's 5.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MACPX BlackRock Sustainable Balanced Fund | 7.35% | 7.66% | 3.00% | 3.91% | 12.46% | 4.32% | 5.50% | 8.12% | 19.64% | 4.94% | 5.33% | 14.17% |
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
MACPX vs. FBALX - Drawdown Comparison
The maximum MACPX drawdown since its inception was -49.81%, which is greater than FBALX's maximum drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for MACPX and FBALX.
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Volatility
MACPX vs. FBALX - Volatility Comparison
The current volatility for BlackRock Sustainable Balanced Fund (MACPX) is 2.08%, while Fidelity Balanced Fund (FBALX) has a volatility of 3.07%. This indicates that MACPX 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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