FBAKX vs. FSKAX
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Fidelity Total Market Index Fund (FSKAX).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. FSKAX is managed by Fidelity.
Performance
FBAKX vs. FSKAX - Performance Comparison
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FBAKX vs. FSKAX - 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% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FBAKX achieves a -3.70% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, FBAKX has underperformed FSKAX with an annualized return of 10.60%, while FSKAX has yielded a comparatively higher 13.23% annualized return.
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%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FBAKX vs. FSKAX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FBAKX vs. FSKAX — Risk / Return Rank
FBAKX
FSKAX
FBAKX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Fidelity Total Market Index Fund (FSKAX). 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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.83 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.29 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.04 | +0.55 |
Martin ratioReturn relative to average drawdown | 7.42 | 5.05 | +2.37 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.83 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.59 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.72 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.78 | -0.15 |
Correlation
The correlation between FBAKX and FSKAX is 0.98, 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. FSKAX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.94%, more than FSKAX's 1.09% 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% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FBAKX vs. FSKAX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -41.40%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FBAKX and FSKAX.
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Drawdown Indicators
| FBAKX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -35.01% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -12.42% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -25.39% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -35.01% | +8.33% |
Current DrawdownCurrent decline from peak | -6.47% | -8.92% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -4.05% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.57% | -0.83% |
Volatility
FBAKX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 3.48%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that FBAKX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBAKX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.42% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 9.40% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 18.50% | -6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 17.38% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 18.42% | -5.69% |