FBAKX vs. ^GSPC

In the year-to-date period, FBAKX achieves a -0.58% return, which is significantly higher than ^GSPC's -0.64% return. Over the past 10 years, FBAKX has underperformed ^GSPC with an annualized return of 4.55%, while ^GSPC has yielded a comparatively higher 10.69% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and S&P 500 (^GSPC). 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.

The current FBAKX Sharpe Ratio is 0.33, which is lower than the ^GSPC Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of FBAKX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum FBAKX drawdown since its inception was -40.94%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FBAKX and ^GSPC. For additional features, visit the drawdowns tool.

The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 3.94%, while S&P 500 (^GSPC) has a volatility of 6.29%. This indicates that FBAKX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.