FBAKX vs. FNSHX
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Fidelity Freedom Income Fund Class K (FNSHX).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBAKX or FNSHX.
Key characteristics
| FBAKX | FNSHX | |
|---|---|---|
| YTD Return | 17.28% | 4.80% |
| 1Y Return | 24.22% | 9.88% |
| 3Y Return (Ann) | 4.96% | -1.34% |
| 5Y Return (Ann) | 12.06% | 0.70% |
| Sharpe Ratio | 2.79 | 2.07 |
| Sortino Ratio | 3.94 | 3.11 |
| Omega Ratio | 1.52 | 1.39 |
| Calmar Ratio | 3.21 | 0.77 |
| Martin Ratio | 18.35 | 11.35 |
| Ulcer Index | 1.30% | 0.87% |
| Daily Std Dev | 8.56% | 4.77% |
| Max Drawdown | -40.94% | -19.27% |
| Current Drawdown | -0.79% | -4.43% |
Correlation
The correlation between FBAKX and FNSHX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FBAKX vs. FNSHX - Performance Comparison
In the year-to-date period, FBAKX achieves a 17.28% return, which is significantly higher than FNSHX's 4.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBAKX vs. FNSHX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Risk-Adjusted Performance
FBAKX vs. FNSHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.
Dividends
FBAKX vs. FNSHX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 1.83%, less than FNSHX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBAKX Fidelity Balanced Fund Class K | 1.83% | 1.77% | 1.56% | 0.96% | 1.36% | 1.77% | 1.96% | 1.66% | 1.70% | 8.48% | 10.70% | 7.47% |
FNSHX Fidelity Freedom Income Fund Class K | 3.32% | 2.98% | 3.49% | 2.47% | 1.24% | 2.05% | 2.11% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBAKX vs. FNSHX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -40.94%, which is greater than FNSHX's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for FBAKX and FNSHX. For additional features, visit the drawdowns tool.
Volatility
FBAKX vs. FNSHX - Volatility Comparison
Fidelity Balanced Fund Class K (FBAKX) has a higher volatility of 2.53% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 1.35%. This indicates that FBAKX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.