FBAKX vs. VIG

Last updated Jun 24, 2026

FBAKX (Fidelity Balanced Fund Class K) and VIG (Vanguard Dividend Appreciation ETF) are both funds - FBAKX is a Diversified Portfolio fund managed by Fidelity, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Over the past 10 years, FBAKX returned 12.02%/yr vs 13.34%/yr for VIG. Their correlation of 0.89 suggests significant overlap in exposure. FBAKX charges 0.45%/yr vs 0.04%/yr for VIG.

Performance

FBAKX vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Balanced Fund Class K (FBAKX) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBAKX achieves a 9.84% return, which is significantly higher than VIG's 6.98% return. Over the past 10 years, FBAKX has underperformed VIG with an annualized return of 12.02%, while VIG has yielded a comparatively higher 13.34% annualized return.

FBAKX

• 1D: -0.37%
• 1M: 1.06%
• YTD: 9.84%
• 6M: 9.37%
• 1Y: 22.74%
• 3Y*: 16.34%
• 5Y*: 9.21%
• 10Y*: 12.02%

VIG

• 1D: -0.51%
• 1M: 0.48%
• YTD: 6.98%
• 6M: 6.28%
• 1Y: 18.42%
• 3Y*: 15.85%
• 5Y*: 10.82%
• 10Y*: 13.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBAKX vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBAKX Fidelity Balanced Fund Class K	9.84%	15.19%	16.17%	20.40%	-18.22%	18.40%	22.51%	23.94%	-3.89%	16.62%
VIG Vanguard Dividend Appreciation ETF	6.98%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between FBAKX and VIG is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 15, 2008	0.89

The correlation between FBAKX and VIG shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FBAKX vs. VIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBAKX

FBAKX Risk / Return Rank: 85
FBAKX Sharpe Ratio Rank: 86
FBAKX Sortino Ratio Rank: 82
FBAKX Omega Ratio Rank: 81
FBAKX Calmar Ratio Rank: 83
FBAKX Martin Ratio Rank: 91

VIG

VIG Risk / Return Rank: 54
VIG Sharpe Ratio Rank: 56
VIG Sortino Ratio Rank: 58
VIG Omega Ratio Rank: 54
VIG Calmar Ratio Rank: 49
VIG Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBAKX vs. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Vanguard Dividend Appreciation ETF (VIG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FBAKX	VIG	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.83	+0.76
Sortino ratio: Return per unit of downside risk	3.59	2.66	+0.93
Omega ratio: Gain probability vs. loss probability	1.49	1.33	+0.16
Calmar ratio: Return relative to maximum drawdown	3.68	2.34	+1.34
Martin ratio: Return relative to average drawdown	17.21	9.44	+7.78

FBAKX vs. VIG - Sharpe Ratio Comparison

The current FBAKX Sharpe Ratio is 2.59, which is higher than the VIG Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of FBAKX and VIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FBAKX vs. VIG - Drawdown Comparison

The maximum FBAKX drawdown since its inception was -41.40%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for FBAKX and VIG.

Drawdown Indicators

	FBAKX	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-41.40%	-46.81%	+5.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-7.91%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-12.85%	-14.95%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	-20.39%	-2.45%
Max Drawdown (10Y) Largest decline over 10 years	-26.68%	-31.72%	+5.04%
Current Drawdown Current decline from peak	-0.51%	-1.13%	+0.62%
Average Drawdown Average peak-to-trough decline	-5.13%	-5.50%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	1.96%	-0.58%

Volatility

FBAKX vs. VIG - Volatility Comparison

Fidelity Balanced Fund Class K (FBAKX) has a higher volatility of 3.71% compared to Vanguard Dividend Appreciation ETF (VIG) at 2.89%. This indicates that FBAKX's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBAKX	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	2.89%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	7.54%	7.70%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	9.21%	10.14%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.27%	14.23%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.82%	16.04%	-3.22%

FBAKX vs. VIG - Expense Ratio Comparison

FBAKX has a 0.45% expense ratio, which is higher than VIG's 0.04% expense ratio.

Dividends

FBAKX vs. VIG - Dividend Comparison

FBAKX's dividend yield for the trailing twelve months is around 5.19%, more than VIG's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBAKX Fidelity Balanced Fund Class K	5.19%	5.72%	5.74%	2.35%	8.15%	9.74%	5.97%	3.87%	11.09%	7.98%	3.16%	7.79%
VIG Vanguard Dividend Appreciation ETF	1.47%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both FBAKX and VIG in my portfolio?

FBAKX and VIG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBAKX or VIG?

FBAKX has higher volatility (3.71%) compared to VIG (2.89%). In terms of maximum drawdown, FBAKX dropped -41.40% vs VIG's -46.81%.

Which has better risk-adjusted returns?

FBAKX currently has the higher Sharpe Ratio (2.59 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.