FBAQX vs. FKIQX

Last updated Jun 5, 2026

FBAQX (Fidelity Advisor Balanced Fund Class M) and FKIQX (Franklin Income Fund Class A) are both mutual funds - FBAQX is a Allocation--50% to 70% Equity fund actively managed by Fidelity, while FKIQX is a Diversified Portfolio fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, FBAQX returned 23.35% vs 14.25% for FKIQX. A 0.57 correlation means they provide meaningful diversification when combined. FBAQX charges 1.01%/yr vs 0.71%/yr for FKIQX.

Performance

FBAQX vs. FKIQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Balanced Fund Class M (FBAQX) and Franklin Income Fund Class A (FKIQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBAQX achieves a 9.56% return, which is significantly higher than FKIQX's 5.13% return.

FBAQX

• 1D: -0.43%
• 1M: 2.87%
• YTD: 9.56%
• 6M: 9.81%
• 1Y: 23.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FKIQX

• 1D: 0.00%
• 1M: 0.44%
• YTD: 5.13%
• 6M: 5.55%
• 1Y: 14.25%
• 3Y*: 9.89%
• 5Y*: 6.01%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBAQX vs. FKIQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FBAQX Fidelity Advisor Balanced Fund Class M	9.56%	14.51%	1.86%
FKIQX Franklin Income Fund Class A	5.13%	11.66%	-2.02%

Correlation

The correlation between FBAQX and FKIQX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 28, 2024	0.57

The correlation between FBAQX and FKIQX has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.

Return for Risk

FBAQX vs. FKIQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBAQX

FBAQX Risk / Return Rank: 85
FBAQX Sharpe Ratio Rank: 86
FBAQX Sortino Ratio Rank: 83
FBAQX Omega Ratio Rank: 81
FBAQX Calmar Ratio Rank: 82
FBAQX Martin Ratio Rank: 90

FKIQX

FKIQX Risk / Return Rank: 90
FKIQX Sharpe Ratio Rank: 89
FKIQX Sortino Ratio Rank: 91
FKIQX Omega Ratio Rank: 91
FKIQX Calmar Ratio Rank: 90
FKIQX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBAQX vs. FKIQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Balanced Fund Class M (FBAQX) and Franklin Income Fund Class A (FKIQX). 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.

	FBAQX	FKIQX	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.92	-0.15
Sortino ratio: Return per unit of downside risk	3.91	4.55	-0.64
Omega ratio: Gain probability vs. loss probability	1.53	1.69	-0.16
Calmar ratio: Return relative to maximum drawdown	3.66	4.68	-1.01
Martin ratio: Return relative to average drawdown	17.51	18.32	-0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBAQX vs. FKIQX - Sharpe Ratio Comparison

The current FBAQX Sharpe Ratio is 2.77, which is comparable to the FKIQX Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of FBAQX and FKIQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBAQX	FKIQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.92	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.70	+0.75

Drawdowns

FBAQX vs. FKIQX - Drawdown Comparison

The maximum FBAQX drawdown since its inception was -12.64%, smaller than the maximum FKIQX drawdown of -25.31%. Use the drawdown chart below to compare losses from any high point for FBAQX and FKIQX.

Drawdown Indicators

	FBAQX	FKIQX	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-25.31%	+12.67%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-3.06%	-3.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.70%	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-1.54%	-2.89%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	0.78%	+0.58%

Volatility

FBAQX vs. FKIQX - Volatility Comparison

Fidelity Advisor Balanced Fund Class M (FBAQX) has a higher volatility of 2.61% compared to Franklin Income Fund Class A (FKIQX) at 0.97%. This indicates that FBAQX's price experiences larger fluctuations and is considered to be riskier than FKIQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBAQX	FKIQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	0.97%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	6.82%	3.60%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	8.61%	4.92%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.56%	7.87%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.56%	10.12%	+1.44%

FBAQX vs. FKIQX - Expense Ratio Comparison

FBAQX has a 1.01% expense ratio, which is higher than FKIQX's 0.71% expense ratio.

Dividends

FBAQX vs. FKIQX - Dividend Comparison

FBAQX's dividend yield for the trailing twelve months is around 4.67%, less than FKIQX's 5.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FBAQX Fidelity Advisor Balanced Fund Class M	4.67%	5.15%	2.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FKIQX Franklin Income Fund Class A	5.45%	5.08%	5.52%	5.45%	5.35%	6.40%	5.14%	5.03%	1.38%

Frequently Asked Questions

Can I hold both FBAQX and FKIQX in my portfolio?

FBAQX and FKIQX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBAQX or FKIQX?

FBAQX has higher volatility (2.61%) compared to FKIQX (0.97%). In terms of maximum drawdown, FBAQX dropped -12.64% vs FKIQX's -25.31%.

Which has better risk-adjusted returns?

FKIQX currently has the higher Sharpe Ratio (2.92 vs 2.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.