FBAKX vs. NWQIX
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Nuveen Flexible Income Fund (NWQIX).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. NWQIX is managed by Nuveen. It was launched on Dec 8, 2009.
Performance
FBAKX vs. NWQIX - Performance Comparison
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FBAKX vs. NWQIX - 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% |
NWQIX Nuveen Flexible Income Fund | -0.33% | 12.22% | 6.03% | 11.61% | -13.64% | 4.94% | 5.54% | 18.57% | -4.07% | 9.18% |
Returns By Period
In the year-to-date period, FBAKX achieves a -3.70% return, which is significantly lower than NWQIX's -0.33% return. Over the past 10 years, FBAKX has outperformed NWQIX with an annualized return of 10.60%, while NWQIX has yielded a comparatively lower 5.38% 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%
NWQIX
- 1D
- 0.00%
- 1M
- -2.94%
- YTD
- -0.33%
- 6M
- 2.27%
- 1Y
- 10.77%
- 3Y*
- 9.04%
- 5Y*
- 3.81%
- 10Y*
- 5.38%
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FBAKX vs. NWQIX - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is lower than NWQIX's 0.70% expense ratio.
Return for Risk
FBAKX vs. NWQIX — Risk / Return Rank
FBAKX
NWQIX
FBAKX vs. NWQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Nuveen Flexible Income Fund (NWQIX). 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 | NWQIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 2.58 | -1.35 |
Sortino ratioReturn per unit of downside risk | 1.79 | 3.49 | -1.70 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.56 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.91 | -1.32 |
Martin ratioReturn relative to average drawdown | 7.42 | 11.90 | -4.48 |
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 | NWQIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.58 | -1.35 |
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 | 0.86 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.72 | -0.09 |
Correlation
The correlation between FBAKX and NWQIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FBAKX vs. NWQIX - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.94%, more than NWQIX's 5.75% 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% |
NWQIX Nuveen Flexible Income Fund | 5.75% | 6.52% | 5.20% | 7.84% | 7.02% | 4.39% | 4.82% | 5.71% | 6.23% | 5.67% | 5.52% | 5.70% |
Drawdowns
FBAKX vs. NWQIX - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -41.40%, which is greater than NWQIX's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FBAKX and NWQIX.
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Drawdown Indicators
| FBAKX | NWQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -23.89% | -17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -3.75% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -17.75% | -5.09% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -23.89% | -2.79% |
Current DrawdownCurrent decline from peak | -6.47% | -2.94% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -3.04% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 0.92% | +0.82% |
Volatility
FBAKX vs. NWQIX - Volatility Comparison
Fidelity Balanced Fund Class K (FBAKX) has a higher volatility of 3.48% compared to Nuveen Flexible Income Fund (NWQIX) at 1.50%. This indicates that FBAKX's price experiences larger fluctuations and is considered to be riskier than NWQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBAKX | NWQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 1.50% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 2.76% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 4.41% | +7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.16% | 5.64% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 6.31% | +6.42% |