TRRIX vs. FBALX
Compare and contrast key facts about T. Rowe Price Retirement Balanced Fund (TRRIX) and Fidelity Balanced Fund (FBALX).
TRRIX is managed by T. Rowe Price. It was launched on Sep 30, 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: TRRIX or FBALX.
Key characteristics
| TRRIX | FBALX | |
|---|---|---|
| YTD Return | 7.92% | 14.20% |
| 1Y Return | 14.76% | 23.77% |
| 3Y Return (Ann) | 1.35% | 3.86% |
| 5Y Return (Ann) | 5.40% | 11.17% |
| 10Y Return (Ann) | 5.10% | 9.53% |
| Sharpe Ratio | 2.81 | 2.88 |
| Sortino Ratio | 4.23 | 4.06 |
| Omega Ratio | 1.55 | 1.55 |
| Calmar Ratio | 1.56 | 2.53 |
| Martin Ratio | 19.38 | 19.01 |
| Ulcer Index | 0.80% | 1.30% |
| Daily Std Dev | 5.52% | 8.58% |
| Max Drawdown | -27.78% | -42.81% |
| Current Drawdown | -1.51% | -1.93% |
Correlation
The correlation between TRRIX and FBALX is 0.92, 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
TRRIX vs. FBALX - Performance Comparison
In the year-to-date period, TRRIX achieves a 7.92% return, which is significantly lower than FBALX's 14.20% return. Over the past 10 years, TRRIX has underperformed FBALX with an annualized return of 5.10%, while FBALX has yielded a comparatively higher 9.53% 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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TRRIX vs. FBALX - Expense Ratio Comparison
TRRIX has a 0.49% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
TRRIX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Balanced Fund (TRRIX) 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
TRRIX vs. FBALX - Dividend Comparison
TRRIX's dividend yield for the trailing twelve months is around 4.19%, less than FBALX's 5.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRIX T. Rowe Price Retirement Balanced Fund | 4.19% | 4.13% | 10.46% | 12.72% | 9.26% | 3.39% | 7.01% | 5.08% | 3.40% | 3.45% | 3.49% | 2.97% |
FBALX Fidelity Balanced Fund | 5.22% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
TRRIX vs. FBALX - Drawdown Comparison
The maximum TRRIX drawdown since its inception was -27.78%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for TRRIX and FBALX. For additional features, visit the drawdowns tool.
Volatility
TRRIX vs. FBALX - Volatility Comparison
The current volatility for T. Rowe Price Retirement Balanced Fund (TRRIX) is 1.13%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.14%. This indicates that TRRIX 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.