FBAKX vs. VOO
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and Vanguard S&P 500 ETF (VOO).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBAKX or VOO.
Key characteristics
| FBAKX | VOO | |
|---|---|---|
| YTD Return | 17.28% | 26.13% |
| 1Y Return | 24.22% | 33.91% |
| 3Y Return (Ann) | 4.96% | 9.98% |
| 5Y Return (Ann) | 12.06% | 15.61% |
| 10Y Return (Ann) | 10.18% | 13.33% |
| Sharpe Ratio | 2.79 | 2.82 |
| Sortino Ratio | 3.94 | 3.76 |
| Omega Ratio | 1.52 | 1.53 |
| Calmar Ratio | 3.21 | 4.05 |
| Martin Ratio | 18.35 | 18.48 |
| Ulcer Index | 1.30% | 1.85% |
| Daily Std Dev | 8.56% | 12.12% |
| Max Drawdown | -40.94% | -33.99% |
| Current Drawdown | -0.79% | -0.88% |
Correlation
The correlation between FBAKX and VOO is 0.96, 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. VOO - Performance Comparison
In the year-to-date period, FBAKX achieves a 17.28% return, which is significantly lower than VOO's 26.13% return. Over the past 10 years, FBAKX has underperformed VOO with an annualized return of 10.18%, while VOO has yielded a comparatively higher 13.33% 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. VOO - Expense Ratio Comparison
FBAKX has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FBAKX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 1.83%, more than VOO's 1.24% 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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FBAKX vs. VOO - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -40.94%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FBAKX and VOO. For additional features, visit the drawdowns tool.
Volatility
FBAKX vs. VOO - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 2.53%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.84%. This indicates that FBAKX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.