SWOBX vs. FBALX
Compare and contrast key facts about Schwab Balanced Fund™ (SWOBX) and Fidelity Balanced Fund (FBALX).
SWOBX is managed by Charles Schwab. It was launched on Nov 17, 1996. 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: SWOBX or FBALX.
Key characteristics
| SWOBX | FBALX | |
|---|---|---|
| YTD Return | 14.61% | 18.07% |
| 1Y Return | 20.54% | 28.12% |
| 3Y Return (Ann) | -1.41% | 5.07% |
| 5Y Return (Ann) | 4.23% | 11.85% |
| 10Y Return (Ann) | 3.52% | 9.86% |
| Sharpe Ratio | 2.03 | 3.12 |
| Sortino Ratio | 2.73 | 4.41 |
| Omega Ratio | 1.39 | 1.59 |
| Calmar Ratio | 0.94 | 2.78 |
| Martin Ratio | 10.53 | 20.83 |
| Ulcer Index | 1.87% | 1.30% |
| Daily Std Dev | 9.68% | 8.71% |
| Max Drawdown | -41.46% | -42.81% |
| Current Drawdown | -4.78% | 0.00% |
Correlation
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.
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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.
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.
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.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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.