- ISIN
- US3163456029
- CUSIP
- 316345602
- Issuer
- Fidelity
- Inception Date
- Nov 6, 1986
- Category
- Diversified Portfolio
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
FBAKX Performance Chart
Fidelity Balanced Fund Class K (FBAKX) is up 9.0% since the beginning of the year. FBAKX is currently trading at $35 per share. Investors who bought $1,000 worth of FBAKX shares 5 years ago would now be looking at an investment worth $1,512.
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Returns By Period
Fidelity Balanced Fund Class K (FBAKX) has returned 9.00% so far this year and 18.27% over the past 12 months. Over the last ten years, FBAKX has returned 11.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Fidelity Balanced Fund Class K
- 1D
- 1.16%
- 1M
- -0.97%
- 6M
- 7.03%
- YTD
- 9.00%
- 1Y
- 18.27%
- 3Y*
- 14.71%
- 5Y*
- 8.62%
- 10Y*
- 11.39%
- ALL TIME*
- 8.97%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FBAKX Monthly Returns History
Based on dividend-adjusted daily data since May 15, 2008, FBAKX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +10.4%, while the worst month was Oct 2008 at -13.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FBAKX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +7.4%, while the worst single day was Mar 16, 2020 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.84% | 0.40% | -3.90% | 7.94% | 3.59% | 0.57% | -1.36% | 9.00% | |||||
| 2025 | 1.89% | -0.50% | -4.07% | -0.20% | 4.17% | 4.17% | 1.66% | 1.59% | 2.89% | 2.17% | 0.65% | 0.08% | 15.19% |
| 2024 | 1.30% | 3.26% | 2.45% | -3.22% | 3.70% | 2.43% | 0.99% | 1.99% | 1.72% | -1.24% | 4.28% | -2.27% | 16.17% |
| 2023 | 6.28% | -2.13% | 3.40% | 1.47% | 0.36% | 4.04% | 2.11% | -1.06% | -3.78% | -2.91% | 7.52% | 4.13% | 20.40% |
| 2022 | -4.64% | -1.80% | 1.55% | -7.69% | -0.23% | -6.44% | 6.96% | -3.70% | -7.69% | 4.47% | 4.89% | -4.21% | -18.22% |
| 2021 | -0.60% | 2.49% | 2.60% | 3.77% | 0.65% | 1.85% | 1.10% | 1.86% | -3.10% | 5.00% | -1.36% | 3.02% | 18.40% |
Benchmark Metrics
Fidelity Balanced Fund Class K has an annualized alpha of 2.18%, beta of 0.66, and R2 of 0.96 versus S&P 500 Index. Calculated based on daily prices since May 15, 2008.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (74.50%) than losses (74.37%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.18% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.66 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.18%
- Beta
- 0.66
- R²
- 0.96
- Upside Capture
- 74.50%
- Downside Capture
- 74.37%
Expense Ratio
FBAKX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FBAKX ranks 78 for risk / return — above 78% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and compare them to S&P 500 Index.
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.
| FBAKX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.00 | +0.69 |
| Martin ratioReturn relative to average drawdown | 12.11 | 8.49 | +3.62 |
Dividends
Dividend History
Fidelity Balanced Fund Class K provided a 5.25% dividend yield over the last twelve months, with an annual payout of $1.83 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.83 | $1.84 | $1.70 | $0.63 | $1.87 | $2.96 | $1.69 | $0.95 | $2.29 | $1.89 | $0.70 | $1.65 |
Dividend yield | 5.25% | 5.72% | 5.74% | 2.35% | 8.15% | 9.74% | 5.97% | 3.87% | 11.09% | 7.98% | 3.16% | 7.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Balanced Fund Class K. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.27 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $1.09 | $0.00 | $0.47 | $1.84 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $1.00 | $0.00 | $0.43 | $1.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.30 | $0.63 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.61 | $0.00 | $0.11 | $1.87 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $2.47 | $0.00 | $0.36 | $2.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Balanced Fund Class K. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Balanced Fund Class K was 41.40%, occurring on Mar 9, 2009. Recovery took 453 trading sessions.
The current Fidelity Balanced Fund Class K drawdown is 1.73%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.40%Mar 2009 | 9mo 23d | 1y 9mo | 2y 7moMay 2008 - Dec 2010 | Financial crisis2007–2009 |
-26.68%Mar 2020 | 1mo 2d | 3mo 24d | 4mo 26dFeb 2020 - Jul 2020 | COVID crash2020 |
-22.84%Oct 2022 | 9mo 20d | 1y 3mo | 2y 1moDec 2021 - Jan 2024 | Bear market2022 |
-14.58%Dec 2018 | 3mo 26d | 3mo 12d | 7mo 8dAug 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-12.85%Apr 2025 | 4mo | 2mo 17d | 6mo 17dDec 2024 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| FBAKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -56.78% | +15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -9.10% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -18.90% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -25.43% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -33.92% | +7.24% |
Current DrawdownCurrent decline from peak | -1.73% | -1.58% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -10.70% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.14% | -0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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