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:
1.86
^GSPC:
2.10
FBAKX:
2.59
^GSPC:
2.80
FBAKX:
1.34
^GSPC:
1.39
FBAKX:
3.14
^GSPC:
3.09
FBAKX:
12.02
^GSPC:
13.49
FBAKX:
1.38%
^GSPC:
1.94%
FBAKX:
8.88%
^GSPC:
12.52%
FBAKX:
-40.94%
^GSPC:
-56.78%
FBAKX:
-4.06%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, FBAKX achieves a 15.27% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, FBAKX has underperformed ^GSPC with an annualized return of 9.80%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
FBAKX
15.27%
-1.42%
4.38%
15.78%
10.54%
9.80%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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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 2.90%, while S&P 500 (^GSPC) has a volatility of 3.79%. 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.