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:
1.49
^GSPC:
2.01
FBAKX:
2.05
^GSPC:
2.67
FBAKX:
1.28
^GSPC:
1.37
FBAKX:
1.09
^GSPC:
3.04
FBAKX:
7.65
^GSPC:
12.46
FBAKX:
1.83%
^GSPC:
2.07%
FBAKX:
9.41%
^GSPC:
12.86%
FBAKX:
-40.15%
^GSPC:
-56.78%
FBAKX:
-1.80%
^GSPC:
-0.06%
Returns By Period
In the year-to-date period, FBAKX achieves a 2.57% return, which is significantly lower than ^GSPC's 3.48% return. Over the past 10 years, FBAKX has underperformed ^GSPC with an annualized return of 5.40%, while ^GSPC has yielded a comparatively higher 11.52% annualized return.
FBAKX
2.57%
1.51%
4.68%
13.73%
5.45%
5.40%
^GSPC
3.48%
1.88%
12.15%
25.12%
13.11%
11.52%
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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 -40.15%, 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 2.99%, while S&P 500 (^GSPC) has a volatility of 4.10%. 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.