FBALX’s worst drop since 1999 was 44%
Fidelity Balanced Fund (FBALX) fell 44% from Oct 2007 to Mar 2009. It took 3.3 years from that peak to close at a new high, in Feb 2011. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 54th deepest among the 109 mutual funds PortfolioAutopsy tracks.
Drawdown from the last high, 1999 to now
How FBALX held up in each crash
| Crash | Years | FBALX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −21.7% | −47.5% |
| Financial crisis | 2007–09 | −43.6% | −55.2% |
| COVID crash | 2020 | −26.7% | −33.7% |
| 2022 rate shock | 2022 | −22.8% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was FBALX’s maximum drawdown?
FBALX’s deepest fall since 1999 was 43.6%, from its high on October 12, 2007 to its low on March 9, 2009. The figure uses daily prices with dividends reinvested.
How long did FBALX take to recover?
3.3 years. FBALX first closed above its Oct 2007 high again on February 16, 2011.
Was FBALX riskier than the S&P 500?
Over the same years, FBALX’s worst drop was 43.6% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −37.8% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.