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.
Performance
FBAKX vs. FNSHX - Performance Comparison
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FBAKX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBAKX Fidelity Balanced Fund Class K | -1.74% | 15.19% | 16.17% | 20.40% | -18.22% | 18.40% | 22.51% | 24.50% | -3.89% | 5.33% |
FNSHX Fidelity Freedom Income Fund Class K | 0.45% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
In the year-to-date period, FBAKX achieves a -1.74% return, which is significantly lower than FNSHX's 0.45% return.
FBAKX
- 1D
- 2.04%
- 1M
- -3.87%
- YTD
- -1.74%
- 6M
- 0.84%
- 1Y
- 15.80%
- 3Y*
- 13.75%
- 5Y*
- 7.72%
- 10Y*
- 10.82%
FNSHX
- 1D
- 0.98%
- 1M
- -2.22%
- YTD
- 0.45%
- 6M
- 1.62%
- 1Y
- 8.22%
- 3Y*
- 6.53%
- 5Y*
- 2.75%
- 10Y*
- —
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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.
Return for Risk
FBAKX vs. FNSHX — Risk / Return Rank
FBAKX
FNSHX
FBAKX vs. FNSHX - Risk-Adjusted Trends 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.
| FBAKX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.76 | -0.37 |
Sortino ratioReturn per unit of downside risk | 2.01 | 2.46 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.34 | -0.44 |
Martin ratioReturn relative to average drawdown | 8.79 | 9.69 | -0.89 |
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 | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.76 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.53 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.75 | -0.11 |
Correlation
The correlation between FBAKX and FNSHX is 0.71, 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. FNSHX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.82%, more than FNSHX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBAKX Fidelity Balanced Fund Class K | 5.82% | 5.72% | 5.74% | 2.35% | 8.15% | 9.74% | 5.97% | 4.31% | 11.09% | 7.98% | 3.16% | 7.79% |
FNSHX Fidelity Freedom Income Fund Class K | 3.26% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBAKX vs. FNSHX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -41.40%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for FBAKX and FNSHX.
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Drawdown Indicators
| FBAKX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -15.87% | -25.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -3.68% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -15.87% | -6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | — | — |
Current DrawdownCurrent decline from peak | -4.56% | -2.56% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -3.09% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.89% | +0.87% |
Volatility
FBAKX vs. FNSHX - Volatility Comparison
Fidelity Balanced Fund Class K (FBAKX) has a higher volatility of 4.17% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.45%. 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.
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Volatility by Period
| FBAKX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 2.45% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 3.30% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 4.89% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.19% | 5.27% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 4.81% | +7.93% |