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.
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
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Key characteristics
FBAKX:
0.20
VOO:
0.52
FBAKX:
0.39
VOO:
0.89
FBAKX:
1.05
VOO:
1.13
FBAKX:
0.21
VOO:
0.57
FBAKX:
0.72
VOO:
2.18
FBAKX:
3.94%
VOO:
4.85%
FBAKX:
12.87%
VOO:
19.11%
FBAKX:
-40.94%
VOO:
-33.99%
FBAKX:
-6.29%
VOO:
-7.67%
Returns By Period
In the year-to-date period, FBAKX achieves a -2.12% return, which is significantly higher than VOO's -3.41% return. Over the past 10 years, FBAKX has underperformed VOO with an annualized return of 4.49%, while VOO has yielded a comparatively higher 12.42% annualized return.
FBAKX
-2.12%
5.34%
-4.69%
2.66%
5.79%
4.49%
VOO
-3.41%
7.59%
-5.06%
9.79%
15.86%
12.42%
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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 Rank
FBAKX
VOO
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.
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Dividends
FBAKX vs. VOO - Dividend Comparison
FBAKX's dividend yield for the trailing twelve months is around 5.91%, more than VOO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBAKX Fidelity Balanced Fund Class K | 5.91% | 5.74% | 2.35% | 8.15% | 9.74% | 5.97% | 6.39% | 11.09% | 7.98% | 3.16% | 8.48% | 10.70% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
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.
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Volatility
FBAKX vs. VOO - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 4.43%, while Vanguard S&P 500 ETF (VOO) has a volatility of 6.83%. 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.
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