SWYFX vs. FBALX
SWYFX (Schwab Target 2035 Index Fund) and FBALX (Fidelity Balanced Fund) are both mutual funds - SWYFX is a Target Retirement Date fund managed by Charles Schwab, while FBALX is a Diversified Portfolio fund actively managed by Fidelity. Over the past 5 years, SWYFX returned 7.65%/yr vs 8.77%/yr for FBALX. With a 0.95 correlation, they move nearly in lockstep. SWYFX charges 0.04%/yr vs 0.46%/yr for FBALX.
Performance
SWYFX vs. FBALX - Performance Comparison
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Returns By Period
In the year-to-date period, SWYFX achieves a 7.52% return, which is significantly lower than FBALX's 8.64% return.
SWYFX
- 1D
- -1.11%
- 1M
- 0.10%
- YTD
- 7.52%
- 6M
- 6.75%
- 1Y
- 17.49%
- 3Y*
- 14.99%
- 5Y*
- 7.65%
- 10Y*
- —
FBALX
- 1D
- -1.05%
- 1M
- -0.03%
- YTD
- 8.64%
- 6M
- 7.87%
- 1Y
- 20.50%
- 3Y*
- 15.84%
- 5Y*
- 8.77%
- 10Y*
- 11.86%
SWYFX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYFX Schwab Target 2035 Index Fund | 7.52% | 16.40% | 11.71% | 18.20% | -16.36% | 14.26% | 13.85% | 22.37% | -7.99% | 17.84% |
FBALX Fidelity Balanced Fund | 8.64% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Correlation
The correlation between SWYFX and FBALX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.95 |
The correlation between SWYFX and FBALX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
SWYFX vs. FBALX — Risk / Return Rank
SWYFX
FBALX
SWYFX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2035 Index Fund (SWYFX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWYFX | FBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 3.32 | -0.57 |
| Martin ratioReturn relative to average drawdown | 12.00 | 15.47 | -3.47 |
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Drawdowns
SWYFX vs. FBALX - Drawdown Comparison
The maximum SWYFX drawdown since its inception was -25.51%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for SWYFX and FBALX.
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Drawdown Indicators
| SWYFX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.51% | -43.57% | +18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -6.47% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -11.61% | -12.88% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -22.89% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.68% | — |
Current DrawdownCurrent decline from peak | -1.54% | -1.56% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.37% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.38% | +0.18% |
Volatility
SWYFX vs. FBALX - Volatility Comparison
Schwab Target 2035 Index Fund (SWYFX) and Fidelity Balanced Fund (FBALX) have volatilities of 3.78% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWYFX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.83% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 7.54% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.41% | 9.24% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.15% | 12.27% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 12.80% | +0.05% |
SWYFX vs. FBALX - Expense Ratio Comparison
SWYFX has a 0.04% expense ratio, which is lower than FBALX's 0.46% expense ratio.
Dividends
SWYFX vs. FBALX - Dividend Comparison
SWYFX's dividend yield for the trailing twelve months is around 2.12%, less than FBALX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 5.22% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
SWYFX Schwab Target 2035 Index Fund | 2.12% | 2.28% | 2.37% | 2.14% | 2.02% | 1.80% | 1.73% | 2.00% | 0.00% | 1.44% | 0.99% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, SWYFX and FBALX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FBALX has higher volatility (3.83%) compared to SWYFX (3.78%). In terms of maximum drawdown, SWYFX dropped -25.51% vs FBALX's -43.57%.
FBALX currently has the higher Sharpe Ratio (2.33 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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