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.
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
Key characteristics
MMTRX:
0.71
FBALX:
1.85
MMTRX:
0.91
FBALX:
2.56
MMTRX:
1.15
FBALX:
1.34
MMTRX:
0.79
FBALX:
3.09
MMTRX:
4.94
FBALX:
12.06
MMTRX:
1.38%
FBALX:
1.36%
MMTRX:
9.70%
FBALX:
8.84%
MMTRX:
-28.45%
FBALX:
-42.81%
MMTRX:
-7.57%
FBALX:
-3.42%
Returns By Period
In the year-to-date period, MMTRX achieves a 6.17% return, which is significantly lower than FBALX's 15.94% return.
MMTRX
6.17%
-5.37%
-0.98%
7.83%
6.30%
N/A
FBALX
15.94%
-0.83%
4.97%
17.25%
10.61%
9.49%
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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 has not paid dividends to shareholders, while FBALX's dividend yield for the trailing twelve months is around 1.78%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMTRX MassMutual Select T. Rowe Price Retirement 2030 Fund | 0.00% | 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 | 1.78% | 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
MassMutual Select T. Rowe Price Retirement 2030 Fund (MMTRX) has a higher volatility of 6.20% compared to Fidelity Balanced Fund (FBALX) at 2.81%. This indicates that MMTRX'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.