FBAKX vs. ^GSPC
Compare and contrast key facts about Fidelity Balanced Fund Class K (FBAKX) and S&P 500 (^GSPC).
FBAKX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBAKX or ^GSPC.
Key characteristics
| FBAKX | ^GSPC | |
|---|---|---|
| YTD Return | 17.28% | 24.72% |
| 1Y Return | 24.22% | 32.12% |
| 3Y Return (Ann) | 4.96% | 8.33% |
| 5Y Return (Ann) | 12.06% | 13.81% |
| 10Y Return (Ann) | 10.18% | 11.31% |
| Sharpe Ratio | 2.79 | 2.66 |
| Sortino Ratio | 3.94 | 3.56 |
| Omega Ratio | 1.52 | 1.50 |
| Calmar Ratio | 3.21 | 3.81 |
| Martin Ratio | 18.35 | 17.03 |
| Ulcer Index | 1.30% | 1.90% |
| Daily Std Dev | 8.56% | 12.16% |
| Max Drawdown | -40.94% | -56.78% |
| Current Drawdown | -0.79% | -0.87% |
Correlation
The correlation between FBAKX and ^GSPC 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. ^GSPC - Performance Comparison
In the year-to-date period, FBAKX achieves a 17.28% return, which is significantly lower than ^GSPC's 24.72% return. Over the past 10 years, FBAKX has underperformed ^GSPC with an annualized return of 10.18%, while ^GSPC has yielded a comparatively higher 11.31% 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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Risk-Adjusted Performance
FBAKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund Class K (FBAKX) and S&P 500 (^GSPC). 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.
Drawdowns
FBAKX vs. ^GSPC - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -40.94%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FBAKX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FBAKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Balanced Fund Class K (FBAKX) is 2.53%, while S&P 500 (^GSPC) has a volatility of 3.81%. This indicates that FBAKX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.