FBAKX vs. FBALX
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Fidelity Balanced Fund (FBALX).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
FBAKX vs. FBALX - Performance Comparison
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FBAKX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBAKX Fidelity Balanced Fund Class K | -3.70% | 15.19% | 16.17% | 20.40% | -18.22% | 18.40% | 22.51% | 24.50% | -3.89% | 16.62% |
FBALX Fidelity Balanced Fund | -3.70% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FBAKX at -3.70% and FBALX at -3.70%. Both investments have delivered pretty close results over the past 10 years, with FBAKX having a 10.60% annualized return and FBALX not far behind at 10.51%.
FBAKX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.90%
- 1Y
- 14.05%
- 3Y*
- 12.99%
- 5Y*
- 7.52%
- 10Y*
- 10.60%
FBALX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.91%
- 1Y
- 13.97%
- 3Y*
- 12.91%
- 5Y*
- 7.44%
- 10Y*
- 10.51%
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FBAKX vs. FBALX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Return for Risk
FBAKX vs. FBALX — Risk / Return Rank
FBAKX
FBALX
FBAKX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Fidelity Balanced Fund (FBALX). 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.
| FBAKX | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.22 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.78 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.61 | -0.03 |
Martin ratioReturn relative to average drawdown | 7.42 | 7.56 | -0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBAKX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.22 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.62 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.83 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.78 | -0.15 |
Correlation
The correlation between FBAKX and FBALX is 1.00, 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.
Dividends
FBAKX vs. FBALX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.94%, which matches FBALX's 5.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBAKX Fidelity Balanced Fund Class K | 5.94% | 5.72% | 5.74% | 2.35% | 8.15% | 9.74% | 5.97% | 4.31% | 11.09% | 7.98% | 3.16% | 7.79% |
FBALX Fidelity Balanced Fund | 5.90% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Drawdowns
FBAKX vs. FBALX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -41.40%, roughly equal to the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FBAKX and FBALX.
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Drawdown Indicators
| FBAKX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -43.57% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.14% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -22.89% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -26.68% | 0.00% |
Current DrawdownCurrent decline from peak | -6.47% | -6.47% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -4.39% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.74% | 0.00% |
Volatility
FBAKX vs. FBALX - Volatility Comparison
Fidelity Balanced Fund Class K (FBAKX) and Fidelity Balanced Fund (FBALX) have volatilities of 3.48% and 3.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBAKX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.50% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 6.47% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 11.80% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 12.15% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 12.73% | 0.00% |