Fidelity Balanced Fund Class K (FBAKX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FBAKX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FBAKX
FBAKX charges 0.45% annually. There are 168 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | FBAKX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | FBAKX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | FBAKX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | FBAKX vs VBAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | FBAKX vs BWBIX |
Best Risk-Adjusted Alternatives to FBAKX
FBAKX has a PortfoliosLab risk / return rank of 86. There are 61 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | FBAKX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | FBAKX vs TIBIX | |
| Davis Appreciation & Income Fund | 97 | — | Apr 1992 | FBAKX vs RPFCX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | FBAKX vs NWQIX | |
| Pioneer Balanced ESG Fund | 95 | — | Dec 1991 | FBAKX vs AYBLX |
Top Performing FBAKX Alternatives (YTD)
FBAKX is at 10.72% YTD. There are 96 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 31.44% | — | Jan 1998 | FBAKX vs EKBAX | |
| ICON Equity Income Fund | 20.32% | — | May 2004 | FBAKX vs IOEZX | |
| Greenspring Fund | 18.97% | — | Jun 1983 | FBAKX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 18.62% | — | Dec 2002 | FBAKX vs TIBIX | |
| Disciplined Growth Investors Fund | 17.68% | — | Aug 2011 | FBAKX vs DGIFX |
Lowest Volatility Alternatives to FBAKX
FBAKX has 9.54% 1-year volatility. There are 352 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | FBAKX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.80% | — | Nov 2003 | FBAKX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.92% | — | Apr 2012 | FBAKX vs SCLAX | |
| Ave Maria Bond Fund | 3.05% | — | Apr 2003 | FBAKX vs AVEFX | |
| American Funds College 2027 Fund | 3.08% | — | Sep 2012 | FBAKX vs CSTAX |
Lowest Drawdown Alternatives to FBAKX
FBAKX has a 1-year max drawdown of -6.47%. There are 285 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | FBAKX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | FBAKX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | FBAKX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | FBAKX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | FBAKX vs CSTAX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 75 | 11.76% | — | Feb 1988 | FBAKX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 82 | 51.40% | — | Jul 1985 | FBAKX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 76 | 12.27% | — | — | FBAKX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 75 | 12.20% | — | — | FBAKX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 2.47% | — | — | FBAKX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 49 | 13.81% | — | Dec 1987 | FBAKX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.08% | 176.32B | May 1967 | FBAKX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 72 | 11.48% | — | — | FBAKX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 12.40% | — | Nov 1997 | FBAKX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 71 | 13.68% | — | Jun 2016 | FBAKX vs FTIHX |
Often Compared With FBAKX
Investors most often compare FBAKX with VWENX, BRK-B, FCTDX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FBAKX with Any Fund or Stock
Compare FBAKX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FBAKX with funds that move differently
Fidelity Balanced Fund Class K alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FBAKX.
Explore FBAKX Diversifiers