FBAKX vs. FFIZX
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. FFIZX is managed by Fidelity. It was launched on Oct 2, 2009.
Performance
FBAKX vs. FFIZX - Performance Comparison
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FBAKX vs. FFIZX - 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% |
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | -3.61% | 19.93% | 13.37% | 19.44% | -18.15% | 15.97% | 16.51% | 26.01% | -7.20% | 20.57% |
Returns By Period
The year-to-date returns for both investments are quite close, with FBAKX having a -3.70% return and FFIZX slightly higher at -3.61%. Both investments have delivered pretty close results over the past 10 years, with FBAKX having a 10.60% annualized return and FFIZX not far behind at 10.23%.
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%
FFIZX
- 1D
- -0.07%
- 1M
- -7.74%
- YTD
- -3.61%
- 6M
- -0.91%
- 1Y
- 15.56%
- 3Y*
- 13.57%
- 5Y*
- 7.38%
- 10Y*
- 10.23%
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FBAKX vs. FFIZX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is higher than FFIZX's 0.08% expense ratio.
Return for Risk
FBAKX vs. FFIZX — Risk / Return Rank
FBAKX
FFIZX
FBAKX vs. FFIZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX). 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 | FFIZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.14 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.65 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.42 | +0.17 |
Martin ratioReturn relative to average drawdown | 7.42 | 6.61 | +0.81 |
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 | FFIZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.14 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.54 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.69 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.62 | +0.01 |
Correlation
The correlation between FBAKX and FFIZX 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.
Dividends
FBAKX vs. FFIZX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.94%, more than FFIZX's 2.47% 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% |
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.47% | 2.38% | 2.23% | 2.00% | 2.13% | 2.08% | 2.02% | 18.32% | 2.26% | 1.86% | 2.04% | 2.04% |
Drawdowns
FBAKX vs. FFIZX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -41.40%, which is greater than FFIZX's maximum drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for FBAKX and FFIZX.
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Drawdown Indicators
| FBAKX | FFIZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -30.69% | -10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -9.98% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -26.07% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -30.69% | +4.01% |
Current DrawdownCurrent decline from peak | -6.47% | -8.10% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -4.72% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.14% | -0.40% |
Volatility
FBAKX vs. FFIZX - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 3.48%, while Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) has a volatility of 4.49%. This indicates that FBAKX experiences smaller price fluctuations and is considered to be less risky than FFIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBAKX | FFIZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.49% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 7.81% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 13.76% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 13.72% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 14.83% | -2.10% |