YAFFX vs. FBALX
YAFFX (AMG Yacktman Focused Fund) and FBALX (Fidelity Balanced Fund) are both mutual funds - YAFFX is a Large Cap Value Equities fund managed by AMG, while FBALX is a Diversified Portfolio fund actively managed by Fidelity. Over the past 10 years, YAFFX returned 12.33%/yr vs 11.86%/yr for FBALX. A 0.77 correlation means they provide meaningful diversification when combined. YAFFX charges 1.25%/yr vs 0.46%/yr for FBALX.
Performance
YAFFX vs. FBALX - Performance Comparison
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Returns By Period
In the year-to-date period, YAFFX achieves a 24.99% return, which is significantly higher than FBALX's 10.21% return. Both investments have delivered pretty close results over the past 10 years, with YAFFX having a 12.33% annualized return and FBALX not far behind at 11.86%.
YAFFX
- 1D
- 0.29%
- 1M
- 0.67%
- YTD
- 24.99%
- 6M
- 27.92%
- 1Y
- 20.71%
- 3Y*
- 15.46%
- 5Y*
- 9.74%
- 10Y*
- 12.33%
FBALX
- 1D
- 0.94%
- 1M
- 1.41%
- YTD
- 10.21%
- 6M
- 10.14%
- 1Y
- 23.97%
- 3Y*
- 16.11%
- 5Y*
- 9.49%
- 10Y*
- 11.86%
YAFFX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YAFFX AMG Yacktman Focused Fund | 24.99% | 3.89% | 9.30% | 16.53% | -8.20% | 16.48% | 17.22% | 19.21% | 2.99% | 20.07% |
FBALX Fidelity Balanced Fund | 10.21% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Correlation
The correlation between YAFFX and FBALX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 1997 | 0.77 |
Over the past year, the correlation between YAFFX and FBALX has dropped to 0.48 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
YAFFX vs. FBALX — Risk / Return Rank
YAFFX
FBALX
YAFFX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Yacktman Focused Fund (YAFFX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YAFFX | FBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.71 | -2.50 |
| Martin ratioReturn relative to average drawdown | 4.28 | 17.34 | -13.06 |
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Drawdowns
YAFFX vs. FBALX - Drawdown Comparison
The maximum YAFFX drawdown since its inception was -43.80%, roughly equal to the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for YAFFX and FBALX.
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Drawdown Indicators
| YAFFX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.80% | -43.57% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -17.08% | -6.47% | -10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -12.88% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -22.89% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -30.62% | -26.68% | -3.94% |
Current DrawdownCurrent decline from peak | -4.87% | -0.14% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -4.37% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.81% | 1.38% | +3.43% |
Volatility
YAFFX vs. FBALX - Volatility Comparison
AMG Yacktman Focused Fund (YAFFX) has a higher volatility of 7.03% compared to Fidelity Balanced Fund (FBALX) at 3.74%. This indicates that YAFFX's price experiences larger fluctuations and is considered to be riskier than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YAFFX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 3.74% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 22.85% | 7.52% | +15.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.78% | 9.16% | +13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 12.26% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 12.82% | +3.78% |
YAFFX vs. FBALX - Expense Ratio Comparison
YAFFX has a 1.25% expense ratio, which is higher than FBALX's 0.46% expense ratio.
Dividends
YAFFX vs. FBALX - Dividend Comparison
YAFFX has not paid dividends to shareholders, while FBALX's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 5.14% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
YAFFX AMG Yacktman Focused Fund | 0.00% | 0.00% | 18.44% | 4.42% | 7.60% | 4.70% | 11.87% | 15.84% | 22.15% | 11.82% | 11.81% | 24.36% |
Frequently Asked Questions
YAFFX and FBALX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YAFFX has higher volatility (7.03%) compared to FBALX (3.74%). In terms of maximum drawdown, YAFFX dropped -43.80% vs FBALX's -43.57%.
FBALX currently has the higher Sharpe Ratio (2.62 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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