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 | 3.72% | 5.98% |
| 1Y Return | 14.89% | 22.69% |
| 3Y Return (Ann) | 3.70% | 8.02% |
| 5Y Return (Ann) | 10.68% | 13.41% |
| 10Y Return (Ann) | 9.69% | 12.42% |
| Sharpe Ratio | 1.65 | 1.93 |
| Daily Std Dev | 8.73% | 11.69% |
| Max Drawdown | -40.94% | -33.99% |
| Current Drawdown | -3.22% | -4.14% |
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 3.72% return, which is significantly lower than VOO's 5.98% return. Over the past 10 years, FBAKX has underperformed VOO with an annualized return of 9.69%, while VOO has yielded a comparatively higher 12.42% 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 2.39%, more than VOO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBAKX Fidelity Balanced Fund Class K | 2.39% | 2.35% | 8.15% | 9.74% | 5.97% | 6.39% | 11.09% | 7.98% | 3.16% | 8.48% | 10.70% | 7.47% |
VOO Vanguard S&P 500 ETF | 1.39% | 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 2.83%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. 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.