FBAKX vs. FXAIX
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Fidelity 500 Index Fund (FXAIX).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FBAKX vs. FXAIX - Performance Comparison
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FBAKX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FBAKX achieves a -3.70% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FBAKX has underperformed FXAIX with an annualized return of 10.60%, while FXAIX has yielded a comparatively higher 13.75% 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%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FBAKX vs. FXAIX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FBAKX vs. FXAIX — Risk / Return Rank
FBAKX
FXAIX
FBAKX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.84 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.30 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.05 | +0.53 |
Martin ratioReturn relative to average drawdown | 7.42 | 5.13 | +2.29 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.84 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.68 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.77 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.75 | -0.12 |
Correlation
The correlation between FBAKX and FXAIX is 0.97, 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. FXAIX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.94%, more than FXAIX's 1.20% 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% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FBAKX vs. FXAIX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -41.40%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FBAKX and FXAIX.
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Drawdown Indicators
| FBAKX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -33.79% | -7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -12.13% | +4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -24.50% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -33.79% | +7.11% |
Current DrawdownCurrent decline from peak | -6.47% | -8.89% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -3.83% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.50% | -0.76% |
Volatility
FBAKX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 3.48%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.24%. This indicates that FBAKX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBAKX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.24% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 9.08% | -2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 18.13% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 16.88% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 18.03% | -5.30% |