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SWOBX vs. FBALX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SWOBXFBALX
YTD Return14.61%18.07%
1Y Return20.54%28.12%
3Y Return (Ann)-1.41%5.07%
5Y Return (Ann)4.23%11.85%
10Y Return (Ann)3.52%9.86%
Sharpe Ratio2.033.12
Sortino Ratio2.734.41
Omega Ratio1.391.59
Calmar Ratio0.942.78
Martin Ratio10.5320.83
Ulcer Index1.87%1.30%
Daily Std Dev9.68%8.71%
Max Drawdown-41.46%-42.81%
Current Drawdown-4.78%0.00%

Correlation

-0.50.00.51.00.8

The correlation between SWOBX and FBALX is 0.76, 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

SWOBX vs. FBALX - Performance Comparison

In the year-to-date period, SWOBX achieves a 14.61% return, which is significantly lower than FBALX's 18.07% return. Over the past 10 years, SWOBX has underperformed FBALX with an annualized return of 3.52%, while FBALX has yielded a comparatively higher 9.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.40%
10.79%
SWOBX
FBALX

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SWOBX vs. FBALX - Expense Ratio Comparison

SWOBX has a 0.00% expense ratio, which is lower than FBALX's 0.51% expense ratio.


FBALX
Fidelity Balanced Fund
Expense ratio chart for FBALX: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
Expense ratio chart for SWOBX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

SWOBX vs. FBALX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Balanced Fund™ (SWOBX) 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.


SWOBX
Sharpe ratio
The chart of Sharpe ratio for SWOBX, currently valued at 2.03, compared to the broader market0.002.004.002.03
Sortino ratio
The chart of Sortino ratio for SWOBX, currently valued at 2.73, compared to the broader market0.005.0010.002.73
Omega ratio
The chart of Omega ratio for SWOBX, currently valued at 1.39, compared to the broader market1.002.003.004.001.39
Calmar ratio
The chart of Calmar ratio for SWOBX, currently valued at 0.94, compared to the broader market0.005.0010.0015.0020.000.94
Martin ratio
The chart of Martin ratio for SWOBX, currently valued at 10.53, compared to the broader market0.0020.0040.0060.0080.00100.0010.53
FBALX
Sharpe ratio
The chart of Sharpe ratio for FBALX, currently valued at 3.12, compared to the broader market0.002.004.003.12
Sortino ratio
The chart of Sortino ratio for FBALX, currently valued at 4.41, compared to the broader market0.005.0010.004.41
Omega ratio
The chart of Omega ratio for FBALX, currently valued at 1.59, compared to the broader market1.002.003.004.001.59
Calmar ratio
The chart of Calmar ratio for FBALX, currently valued at 2.78, compared to the broader market0.005.0010.0015.0020.002.78
Martin ratio
The chart of Martin ratio for FBALX, currently valued at 20.83, compared to the broader market0.0020.0040.0060.0080.00100.0020.83

SWOBX vs. FBALX - Sharpe Ratio Comparison

The current SWOBX Sharpe Ratio is 2.03, which is lower than the FBALX Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of SWOBX and FBALX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.03
3.12
SWOBX
FBALX

Dividends

SWOBX vs. FBALX - Dividend Comparison

SWOBX's dividend yield for the trailing twelve months is around 1.88%, less than FBALX's 4.53% yield.


TTM20232022202120202019201820172016201520142013
SWOBX
Schwab Balanced Fund™
1.88%2.15%1.72%4.50%1.06%1.42%2.66%3.08%1.57%2.30%2.24%1.42%
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

SWOBX vs. FBALX - Drawdown Comparison

The maximum SWOBX drawdown since its inception was -41.46%, roughly equal to the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for SWOBX and FBALX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.78%
0
SWOBX
FBALX

Volatility

SWOBX vs. FBALX - Volatility Comparison

The current volatility for Schwab Balanced Fund™ (SWOBX) is 2.46%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.61%. This indicates that SWOBX 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.


1.50%2.00%2.50%3.00%3.50%4.00%JuneJulyAugustSeptemberOctoberNovember
2.46%
2.61%
SWOBX
FBALX