TCAI vs. FBALX

Last updated Jun 9, 2026

TCAI (Tortoise AI Infrastructure ETF) and FBALX (Fidelity Balanced Fund) are both funds - TCAI is a Technology Equities fund actively managed by Tortoise, while FBALX is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. TCAI charges 0.65%/yr vs 0.46%/yr for FBALX.

Performance

TCAI vs. FBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and Fidelity Balanced Fund (FBALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 74.50% return, which is significantly higher than FBALX's 7.96% return.

TCAI

• 1D: 1.87%
• 1M: 6.30%
• YTD: 74.50%
• 6M: 65.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBALX

• 1D: -2.10%
• 1M: -0.35%
• YTD: 7.96%
• 6M: 8.36%
• 1Y: 21.65%
• 3Y*: 15.93%
• 5Y*: 8.87%
• 10Y*: 11.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCAI vs. FBALX - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	74.50%	17.27%
FBALX Fidelity Balanced Fund	7.96%	7.36%

Correlation

The correlation between TCAI and FBALX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.70

Return for Risk

TCAI vs. FBALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBALX

FBALX Risk / Return Rank: 79
FBALX Sharpe Ratio Rank: 79
FBALX Sortino Ratio Rank: 73
FBALX Omega Ratio Rank: 76
FBALX Calmar Ratio Rank: 79
FBALX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCAI vs. FBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TCAI	FBALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.52	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.72	0.81	+2.91

Drawdowns

TCAI vs. FBALX - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for TCAI and FBALX.

Drawdown Indicators

	TCAI	FBALX	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-43.57%	+27.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.68%	—
Current Drawdown Current decline from peak	-8.22%	-2.12%	-6.10%
Average Drawdown Average peak-to-trough decline	-3.48%	-4.37%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.35%	—

Volatility

Volatility by Period

	TCAI	FBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.74%	8.87%	+27.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.74%	12.21%	+24.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.74%	12.79%	+23.95%

TCAI vs. FBALX - Expense Ratio Comparison

TCAI has a 0.65% expense ratio, which is higher than FBALX's 0.46% expense ratio.

Dividends

TCAI vs. FBALX - Dividend Comparison

TCAI's dividend yield for the trailing twelve months is around 0.03%, less than FBALX's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBALX Fidelity Balanced Fund	5.25%	5.69%	5.67%	2.28%	8.06%	9.66%	5.90%	4.24%	10.99%	7.90%	3.07%	7.70%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCAI and FBALX in my portfolio?

TCAI and FBALX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.