MMTRX vs. FBALX
Compare and contrast key facts about MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) and Fidelity Balanced Fund (FBALX).
MMTRX is managed by T. Rowe Price. It was launched on Feb 15, 2018. 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: MMTRX or FBALX.
Key characteristics
| MMTRX | FBALX | |
|---|---|---|
| YTD Return | 13.67% | 18.07% |
| 1Y Return | 24.10% | 28.12% |
| 3Y Return (Ann) | 2.80% | 5.07% |
| 5Y Return (Ann) | 8.50% | 11.85% |
| Sharpe Ratio | 1.57 | 3.12 |
| Sortino Ratio | 2.36 | 4.41 |
| Omega Ratio | 1.48 | 1.59 |
| Calmar Ratio | 1.82 | 2.78 |
| Martin Ratio | 6.80 | 20.83 |
| Ulcer Index | 3.43% | 1.30% |
| Daily Std Dev | 14.81% | 8.71% |
| Max Drawdown | -28.45% | -42.81% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MMTRX and FBALX is 0.93, 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.
Performance
MMTRX vs. FBALX - Performance Comparison
In the year-to-date period, MMTRX achieves a 13.67% return, which is significantly lower than FBALX's 18.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MMTRX vs. FBALX - Expense Ratio Comparison
MMTRX has a 0.37% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
MMTRX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) 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.
Dividends
MMTRX vs. FBALX - Dividend Comparison
MMTRX's dividend yield for the trailing twelve months is around 2.00%, less than FBALX's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMTRX MassMutual Select T. Rowe Price Retirement 2030 Fund | 2.00% | 2.27% | 2.98% | 3.75% | 1.72% | 2.14% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 4.53% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
MMTRX vs. FBALX - Drawdown Comparison
The maximum MMTRX drawdown since its inception was -28.45%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for MMTRX and FBALX. For additional features, visit the drawdowns tool.
Volatility
MMTRX vs. FBALX - Volatility Comparison
The current volatility for MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) is 2.17%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.61%. This indicates that MMTRX 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.