TRRCX vs. FBALX
Compare and contrast key facts about T. Rowe Price Retirement 2030 Fund (TRRCX) and Fidelity Balanced Fund (FBALX).
TRRCX is managed by T. Rowe Price. It was launched on Sep 29, 2002. 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: TRRCX or FBALX.
Performance
TRRCX vs. FBALX - Performance Comparison
Returns By Period
In the year-to-date period, TRRCX achieves a 12.57% return, which is significantly lower than FBALX's 17.26% return. Over the past 10 years, TRRCX has underperformed FBALX with an annualized return of 7.81%, while FBALX has yielded a comparatively higher 9.67% annualized return.
TRRCX
12.57%
0.30%
6.35%
18.52%
8.19%
7.81%
FBALX
17.26%
1.07%
9.11%
22.73%
11.54%
9.67%
Key characteristics
| TRRCX | FBALX | |
|---|---|---|
| Sharpe Ratio | 2.36 | 2.68 |
| Sortino Ratio | 3.32 | 3.77 |
| Omega Ratio | 1.43 | 1.50 |
| Calmar Ratio | 1.95 | 3.50 |
| Martin Ratio | 15.21 | 17.47 |
| Ulcer Index | 1.24% | 1.32% |
| Daily Std Dev | 7.98% | 8.58% |
| Max Drawdown | -52.28% | -42.81% |
| Current Drawdown | -0.88% | -0.75% |
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TRRCX vs. FBALX - Expense Ratio Comparison
TRRCX has a 0.59% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Correlation
The correlation between TRRCX and FBALX is 0.95, 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.
Risk-Adjusted Performance
TRRCX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2030 Fund (TRRCX) 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
TRRCX vs. FBALX - Dividend Comparison
TRRCX's dividend yield for the trailing twelve months is around 1.74%, less than FBALX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRCX T. Rowe Price Retirement 2030 Fund | 1.74% | 1.96% | 1.98% | 1.09% | 1.09% | 1.89% | 1.97% | 1.54% | 1.60% | 1.70% | 5.65% | 1.28% |
FBALX Fidelity Balanced Fund | 1.76% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
TRRCX vs. FBALX - Drawdown Comparison
The maximum TRRCX drawdown since its inception was -52.28%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for TRRCX and FBALX. For additional features, visit the drawdowns tool.
Volatility
TRRCX vs. FBALX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2030 Fund (TRRCX) is 2.07%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.68%. This indicates that TRRCX 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.