VBIAX vs. FBALX
Compare and contrast key facts about Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Fidelity Balanced Fund (FBALX).
VBIAX is managed by Vanguard. It was launched on Nov 13, 2000. 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: VBIAX or FBALX.
Performance
VBIAX vs. FBALX - Performance Comparison
Returns By Period
In the year-to-date period, VBIAX achieves a 14.07% return, which is significantly lower than FBALX's 15.98% return. Over the past 10 years, VBIAX has underperformed FBALX with an annualized return of 7.54%, while FBALX has yielded a comparatively higher 9.65% annualized return.
VBIAX
14.07%
-0.24%
8.01%
18.80%
7.36%
7.54%
FBALX
15.98%
-0.40%
7.59%
22.20%
11.28%
9.65%
Key characteristics
| VBIAX | FBALX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.66 |
| Sortino Ratio | 2.98 | 3.75 |
| Omega Ratio | 1.42 | 1.50 |
| Calmar Ratio | 1.77 | 3.15 |
| Martin Ratio | 13.30 | 17.45 |
| Ulcer Index | 1.43% | 1.31% |
| Daily Std Dev | 8.64% | 8.58% |
| Max Drawdown | -35.90% | -42.81% |
| Current Drawdown | -1.75% | -1.83% |
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VBIAX vs. FBALX - Expense Ratio Comparison
VBIAX has a 0.07% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Correlation
The correlation between VBIAX and FBALX is 0.96, 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
VBIAX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Admiral Shares (VBIAX) 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
VBIAX vs. FBALX - Dividend Comparison
VBIAX's dividend yield for the trailing twelve months is around 2.04%, more than FBALX's 1.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | 2.04% | 2.04% | 1.93% | 1.39% | 1.66% | 2.12% | 2.32% | 1.95% | 2.09% | 2.09% | 1.92% | 1.85% |
FBALX Fidelity Balanced Fund | 1.78% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
VBIAX vs. FBALX - Drawdown Comparison
The maximum VBIAX drawdown since its inception was -35.90%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for VBIAX and FBALX. For additional features, visit the drawdowns tool.
Volatility
VBIAX vs. FBALX - Volatility Comparison
The current volatility for Vanguard Balanced Index Fund Admiral Shares (VBIAX) is 2.62%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.76%. This indicates that VBIAX 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.