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 managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBAKX or FXAIX.
Key characteristics
| FBAKX | FXAIX | |
|---|---|---|
| YTD Return | 17.28% | 26.20% |
| 1Y Return | 24.22% | 33.96% |
| 3Y Return (Ann) | 4.96% | 10.01% |
| 5Y Return (Ann) | 12.06% | 15.63% |
| 10Y Return (Ann) | 10.18% | 13.22% |
| Sharpe Ratio | 2.79 | 2.81 |
| Sortino Ratio | 3.94 | 3.75 |
| Omega Ratio | 1.52 | 1.53 |
| Calmar Ratio | 3.21 | 4.05 |
| Martin Ratio | 18.35 | 18.33 |
| Ulcer Index | 1.30% | 1.87% |
| Daily Std Dev | 8.56% | 12.16% |
| Max Drawdown | -40.94% | -33.79% |
| Current Drawdown | -0.79% | -0.85% |
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.
Performance
FBAKX vs. FXAIX - Performance Comparison
In the year-to-date period, FBAKX achieves a 17.28% return, which is significantly lower than FXAIX's 26.20% return. Over the past 10 years, FBAKX has underperformed FXAIX with an annualized return of 10.18%, while FXAIX has yielded a comparatively higher 13.22% annualized 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. FXAIX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FBAKX vs. FXAIX - Risk-Adjusted Performance 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.
Dividends
FBAKX vs. FXAIX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 1.83%, more than FXAIX's 1.22% 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% |
FXAIX Fidelity 500 Index Fund | 1.22% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FBAKX vs. FXAIX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -40.94%, 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. For additional features, visit the drawdowns tool.
Volatility
FBAKX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 2.53%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.80%. 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.