FBAKX vs. ^GSPC
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and S&P 500 (^GSPC).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBAKX or ^GSPC.
Correlation
The correlation between FBAKX and ^GSPC is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FBAKX vs. ^GSPC - Performance Comparison
Key characteristics
FBAKX:
1.51
^GSPC:
2.04
FBAKX:
2.07
^GSPC:
2.71
FBAKX:
1.28
^GSPC:
1.37
FBAKX:
1.10
^GSPC:
3.08
FBAKX:
7.71
^GSPC:
12.65
FBAKX:
1.84%
^GSPC:
2.07%
FBAKX:
9.42%
^GSPC:
12.86%
FBAKX:
-40.15%
^GSPC:
-56.78%
FBAKX:
-1.54%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, FBAKX achieves a 2.84% return, which is significantly lower than ^GSPC's 4.03% return. Over the past 10 years, FBAKX has underperformed ^GSPC with an annualized return of 5.39%, while ^GSPC has yielded a comparatively higher 11.55% annualized return.
FBAKX
2.84%
1.10%
5.21%
14.03%
5.50%
5.39%
^GSPC
4.03%
1.30%
13.33%
25.68%
13.22%
11.55%
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Risk-Adjusted Performance
FBAKX vs. ^GSPC — Risk-Adjusted Performance Rank
FBAKX
^GSPC
FBAKX vs. ^GSPC - Risk-Adjusted Performance Comparison
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.
Drawdowns
FBAKX vs. ^GSPC - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -40.15%, 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.
Volatility
FBAKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 2.98%, while S&P 500 (^GSPC) has a volatility of 4.10%. 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.