EKBAX vs. FBAOX

Last updated Aug 5, 2026

EKBAX (Allspring Diversified Capital Builder Fund) and FBAOX (Fidelity Advisor Balanced Fund Class A) are both Diversified Portfolio funds. Over the past year, EKBAX returned 46.13% vs 18.10% for FBAOX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. EKBAX charges 1.10%/yr vs 0.76%/yr for FBAOX.

Performance

EKBAX vs. FBAOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Diversified Capital Builder Fund (EKBAX) and Fidelity Advisor Balanced Fund Class A (FBAOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EKBAX achieves a 31.44% return, which is significantly higher than FBAOX's 10.09% return.

EKBAX

• 1D: 1.33%
• 1M: -0.30%
• 6M: 20.53%
• YTD: 31.44%
• 1Y: 46.13%
• 3Y*: 28.31%
• 5Y*: 17.64%
• 10Y*: 15.48%
• ALL TIME*: 8.51%

FBAOX

• 1D: 1.09%
• 1M: 0.23%
• 6M: 8.27%
• YTD: 10.09%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EKBAX Allspring Diversified Capital Builder Fund	$0.00	$0.00	$0.00
FBAOX Fidelity Advisor Balanced Fund Class A	$0.00	$0.00	$0.00

EKBAX vs. FBAOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EKBAX Allspring Diversified Capital Builder Fund	31.44%	21.87%	1.98%
FBAOX Fidelity Advisor Balanced Fund Class A	10.09%	14.81%	4.65%

Correlation

The correlation between EKBAX and FBAOX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.79

The correlation between EKBAX and FBAOX has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.

Return for Risk

EKBAX vs. FBAOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EKBAX

EKBAX Risk / Return Rank: 91
EKBAX Sharpe Ratio Rank: 93
EKBAX Sortino Ratio Rank: 85
EKBAX Omega Ratio Rank: 85
EKBAX Calmar Ratio Rank: 96
EKBAX Martin Ratio Rank: 97

FBAOX

FBAOX Risk / Return Rank: 81
FBAOX Sharpe Ratio Rank: 80
FBAOX Sortino Ratio Rank: 79
FBAOX Omega Ratio Rank: 77
FBAOX Calmar Ratio Rank: 81
FBAOX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EKBAX vs. FBAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Diversified Capital Builder Fund (EKBAX) and Fidelity Advisor Balanced Fund Class A (FBAOX). 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.

	EKBAX	FBAOX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.04	+0.37
Sortino ratio: Return per unit of downside risk	3.07	2.87	+0.20
Omega ratio: Gain probability vs. loss probability	1.41	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	4.74	3.00	+1.74
Martin ratio: Return relative to average drawdown	18.84	13.40	+5.44

EKBAX vs. FBAOX - Sharpe Ratio Comparison

The current EKBAX Sharpe Ratio is 2.41, which is comparable to the FBAOX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of EKBAX and FBAOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EKBAX vs. FBAOX - Drawdown Comparison

The maximum EKBAX drawdown since its inception was -55.64%, which is greater than FBAOX's maximum drawdown of -12.61%. Use the drawdown chart below to compare losses from any high point for EKBAX and FBAOX.

Drawdown Indicators

	EKBAX	FBAOX	Difference
Max Drawdown Largest peak-to-trough decline	-55.64%	-12.61%	-43.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-6.48%	-3.73%
Max Drawdown (3Y) Largest decline over 3 years	-23.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.33%	—	—
Current Drawdown Current decline from peak	-4.99%	-0.28%	-4.71%
Average Drawdown Average peak-to-trough decline	-7.96%	-1.43%	-6.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.44%	+1.12%

Volatility

EKBAX vs. FBAOX - Volatility Comparison

Allspring Diversified Capital Builder Fund (EKBAX) has a higher volatility of 7.12% compared to Fidelity Advisor Balanced Fund Class A (FBAOX) at 2.82%. This indicates that EKBAX's price experiences larger fluctuations and is considered to be riskier than FBAOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EKBAX	FBAOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	2.82%	+4.30%
Volatility (6M) Calculated over the trailing 6-month period	16.74%	7.79%	+8.95%
Volatility (1Y) Calculated over the trailing 1-year period	20.06%	9.53%	+10.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	11.51%	+7.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	11.51%	+6.43%

EKBAX vs. FBAOX - Expense Ratio Comparison

EKBAX has a 1.10% expense ratio, which is higher than FBAOX's 0.76% expense ratio.

Dividends

EKBAX vs. FBAOX - Dividend Comparison

EKBAX's dividend yield for the trailing twelve months is around 7.27%, more than FBAOX's 4.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EKBAX Allspring Diversified Capital Builder Fund	7.27%	9.61%	5.28%	6.16%	12.50%	6.89%	2.03%	9.49%	7.14%	6.20%	10.05%	11.47%
FBAOX Fidelity Advisor Balanced Fund Class A	4.52%	5.40%	6.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EKBAX and FBAOX in my portfolio?

EKBAX and FBAOX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EKBAX or FBAOX?

EKBAX has higher volatility (7.12%) compared to FBAOX (2.82%). In terms of maximum drawdown, EKBAX dropped -55.64% vs FBAOX's -12.61%.

Which has better risk-adjusted returns?

EKBAX currently has the higher Sharpe Ratio (2.41 vs 2.04), 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.