FBKFX vs. ^GSPC
Compare and contrast key facts about Fidelity Balanced K6 Fund (FBKFX) and S&P 500 (^GSPC).
FBKFX is managed by Fidelity. It was launched on Jun 14, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBKFX or ^GSPC.
Correlation
The correlation between FBKFX and ^GSPC is 0.97, 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
FBKFX vs. ^GSPC - Performance Comparison
Key characteristics
FBKFX:
0.14
^GSPC:
0.14
FBKFX:
0.28
^GSPC:
0.33
FBKFX:
1.04
^GSPC:
1.05
FBKFX:
0.13
^GSPC:
0.14
FBKFX:
0.52
^GSPC:
0.62
FBKFX:
3.43%
^GSPC:
4.36%
FBKFX:
12.88%
^GSPC:
19.19%
FBKFX:
-26.58%
^GSPC:
-56.78%
FBKFX:
-12.28%
^GSPC:
-16.05%
Returns By Period
In the year-to-date period, FBKFX achieves a -8.52% return, which is significantly higher than ^GSPC's -12.30% return.
FBKFX
-8.52%
-6.71%
-9.29%
2.71%
9.45%
N/A
^GSPC
-12.30%
-8.99%
-11.89%
3.84%
13.06%
9.34%
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Risk-Adjusted Performance
FBKFX vs. ^GSPC — Risk-Adjusted Performance Rank
FBKFX
^GSPC
FBKFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) 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
FBKFX vs. ^GSPC - Drawdown Comparison
The maximum FBKFX drawdown since its inception was -26.58%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FBKFX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FBKFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Balanced K6 Fund (FBKFX) is 8.69%, while S&P 500 (^GSPC) has a volatility of 13.75%. This indicates that FBKFX 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.