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.
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
Key characteristics
FBAKX:
0.01
^GSPC:
0.24
FBAKX:
0.10
^GSPC:
0.47
FBAKX:
1.01
^GSPC:
1.07
FBAKX:
0.01
^GSPC:
0.24
FBAKX:
0.04
^GSPC:
1.08
FBAKX:
3.50%
^GSPC:
4.25%
FBAKX:
12.83%
^GSPC:
19.00%
FBAKX:
-40.94%
^GSPC:
-56.78%
FBAKX:
-11.06%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, FBAKX achieves a -7.10% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, FBAKX has underperformed ^GSPC with an annualized return of 3.88%, while ^GSPC has yielded a comparatively higher 9.70% annualized return.
FBAKX
-7.10%
-5.31%
-8.28%
0.59%
5.30%
3.88%
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
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Risk-Adjusted Performance
FBAKX vs. ^GSPC — Risk-Adjusted Performance Rank
FBAKX
^GSPC
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 8.51%, while S&P 500 (^GSPC) has a volatility of 13.60%. 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.