OAKBX vs. FBALX
Compare and contrast key facts about Oakmark Equity and Income Fund (OAKBX) and Fidelity Balanced Fund (FBALX).
OAKBX is managed by Oakmark. It was launched on Oct 31, 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: OAKBX or FBALX.
Correlation
The correlation between OAKBX and FBALX is 0.84, 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
OAKBX vs. FBALX - Performance Comparison
Key characteristics
OAKBX:
1.43
FBALX:
1.13
OAKBX:
2.02
FBALX:
1.56
OAKBX:
1.26
FBALX:
1.21
OAKBX:
2.33
FBALX:
0.92
OAKBX:
6.42
FBALX:
5.45
OAKBX:
1.82%
FBALX:
1.94%
OAKBX:
8.20%
FBALX:
9.41%
OAKBX:
-37.44%
FBALX:
-42.81%
OAKBX:
-1.46%
FBALX:
-2.62%
Returns By Period
In the year-to-date period, OAKBX achieves a 2.61% return, which is significantly higher than FBALX's 1.69% return. Over the past 10 years, OAKBX has underperformed FBALX with an annualized return of 4.47%, while FBALX has yielded a comparatively higher 4.81% annualized return.
OAKBX
2.61%
0.35%
3.99%
11.02%
9.93%
4.47%
FBALX
1.69%
-0.82%
-0.01%
9.03%
4.82%
4.81%
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OAKBX vs. FBALX - Expense Ratio Comparison
OAKBX has a 0.83% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
OAKBX vs. FBALX — Risk-Adjusted Performance Rank
OAKBX
FBALX
OAKBX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Equity and Income Fund (OAKBX) 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
OAKBX vs. FBALX - Dividend Comparison
OAKBX's dividend yield for the trailing twelve months is around 2.00%, more than FBALX's 1.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKBX Oakmark Equity and Income Fund | 2.00% | 2.06% | 2.28% | 1.44% | 0.86% | 1.14% | 1.74% | 1.88% | 1.35% | 1.53% | 1.18% | 0.85% |
FBALX Fidelity Balanced Fund | 1.78% | 1.81% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% |
Drawdowns
OAKBX vs. FBALX - Drawdown Comparison
The maximum OAKBX drawdown since its inception was -37.44%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for OAKBX and FBALX. For additional features, visit the drawdowns tool.
Volatility
OAKBX vs. FBALX - Volatility Comparison
The current volatility for Oakmark Equity and Income Fund (OAKBX) is 1.83%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.65%. This indicates that OAKBX 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.