FBAKX vs. FSPSX
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Fidelity International Index Fund (FSPSX).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FBAKX vs. FSPSX - Performance Comparison
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FBAKX vs. FSPSX - 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% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, FBAKX achieves a -3.70% return, which is significantly lower than FSPSX's -1.94% return. Over the past 10 years, FBAKX has outperformed FSPSX with an annualized return of 10.60%, while FSPSX has yielded a comparatively lower 8.65% 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%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FBAKX vs. FSPSX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FBAKX vs. FSPSX — Risk / Return Rank
FBAKX
FSPSX
FBAKX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Fidelity International Index Fund (FSPSX). 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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.11 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.56 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.54 | +0.05 |
Martin ratioReturn relative to average drawdown | 7.42 | 5.93 | +1.49 |
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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.11 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.51 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.53 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.46 | +0.17 |
Correlation
The correlation between FBAKX and FSPSX is 0.77, 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. FSPSX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.94%, more than FSPSX's 3.22% 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% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FBAKX vs. FSPSX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -41.40%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FBAKX and FSPSX.
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Drawdown Indicators
| FBAKX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -33.69% | -7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -11.39% | +3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -29.41% | +6.57% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -33.69% | +7.01% |
Current DrawdownCurrent decline from peak | -6.47% | -10.86% | +4.39% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -6.59% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.96% | -1.22% |
Volatility
FBAKX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 3.48%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FBAKX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBAKX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 7.04% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 10.63% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 16.79% | -5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 15.77% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 16.47% | -3.74% |