VGWLX vs. FBALX
Compare and contrast key facts about Vanguard Global Wellington Fund Investor Shares (VGWLX) and Fidelity Balanced Fund (FBALX).
VGWLX is managed by Vanguard. It was launched on Nov 2, 2017. 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: VGWLX or FBALX.
Performance
VGWLX vs. FBALX - Performance Comparison
Returns By Period
In the year-to-date period, VGWLX achieves a 7.99% return, which is significantly lower than FBALX's 16.37% return.
VGWLX
7.99%
-2.19%
2.58%
13.44%
7.07%
N/A
FBALX
16.37%
-0.07%
7.87%
22.60%
11.40%
9.63%
Key characteristics
| VGWLX | FBALX | |
|---|---|---|
| Sharpe Ratio | 2.07 | 2.66 |
| Sortino Ratio | 2.88 | 3.74 |
| Omega Ratio | 1.38 | 1.50 |
| Calmar Ratio | 3.80 | 3.22 |
| Martin Ratio | 11.94 | 17.39 |
| Ulcer Index | 1.17% | 1.31% |
| Daily Std Dev | 6.76% | 8.60% |
| Max Drawdown | -25.28% | -42.81% |
| Current Drawdown | -2.19% | -1.51% |
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VGWLX vs. FBALX - Expense Ratio Comparison
VGWLX has a 0.42% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Correlation
The correlation between VGWLX and FBALX is 0.87, 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
VGWLX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellington Fund Investor Shares (VGWLX) 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
VGWLX vs. FBALX - Dividend Comparison
VGWLX's dividend yield for the trailing twelve months is around 3.01%, more than FBALX's 1.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWLX Vanguard Global Wellington Fund Investor Shares | 3.01% | 2.50% | 1.92% | 1.67% | 1.54% | 1.83% | 2.31% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 1.77% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
VGWLX vs. FBALX - Drawdown Comparison
The maximum VGWLX drawdown since its inception was -25.28%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for VGWLX and FBALX. For additional features, visit the drawdowns tool.
Volatility
VGWLX vs. FBALX - Volatility Comparison
The current volatility for Vanguard Global Wellington Fund Investor Shares (VGWLX) is 1.75%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.76%. This indicates that VGWLX 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.