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 0.80, 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
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Key characteristics
FBAKX:
4.43%
^GSPC:
19.37%
FBAKX:
-0.35%
^GSPC:
-56.78%
FBAKX:
0.00%
^GSPC:
-7.88%
Returns By Period
FBAKX
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
-3.77%
5.53%
-5.60%
8.37%
14.61%
10.35%
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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.
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Drawdowns
FBAKX vs. ^GSPC - Drawdown Comparison
The maximum FBAKX drawdown since its inception was -0.35%, 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.
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Volatility
FBAKX vs. ^GSPC - Volatility Comparison
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