FBKFX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Balanced K6 Fund (FBKFX) and S&P 500 Index (^GSPC).

FBKFX is managed by Fidelity. It was launched on Jun 14, 2019.

Performance

FBKFX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Balanced K6 Fund (FBKFX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FBKFX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FBKFX Fidelity Balanced K6 Fund	-1.79%	15.68%	16.19%	21.93%	-17.87%	18.51%	22.38%	10.57%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	11.91%

Returns By Period

In the year-to-date period, FBKFX achieves a -1.79% return, which is significantly higher than ^GSPC's -3.95% return.

FBKFX

• 1D: 2.10%
• 1M: -3.89%
• YTD: -1.79%
• 6M: 1.04%
• 1Y: 16.16%
• 3Y*: 14.36%
• 5Y*: 8.25%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

FBKFX vs. ^GSPC — Risk / Return Rank

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

FBKFX

FBKFX Risk / Return Rank: 79
FBKFX Sharpe Ratio Rank: 76
FBKFX Sortino Ratio Rank: 78
FBKFX Omega Ratio Rank: 77
FBKFX Calmar Ratio Rank: 78
FBKFX Martin Ratio Rank: 85

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FBKFX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) and S&P 500 Index (^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.

	FBKFX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.92	+0.49
Sortino ratio Return per unit of downside risk	2.03	1.41	+0.62
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.09
Calmar ratio Return relative to maximum drawdown	1.94	1.41	+0.52
Martin ratio Return relative to average drawdown	8.93	6.61	+2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBKFX vs. ^GSPC - Sharpe Ratio Comparison

The current FBKFX Sharpe Ratio is 1.40, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FBKFX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FBKFX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.92	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.61	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.46	+0.36

Correlation

The correlation between FBKFX and ^GSPC is 0.98, 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.

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.

Drawdown Indicators

	FBKFX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-56.78%	+30.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-12.14%	+3.96%
Max Drawdown (5Y) Largest decline over 5 years	-22.64%	-25.43%	+2.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-4.65%	-5.78%	+1.13%
Average Drawdown Average peak-to-trough decline	-4.65%	-10.75%	+6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.60%	-0.82%

Volatility

FBKFX vs. ^GSPC - Volatility Comparison

The current volatility for Fidelity Balanced K6 Fund (FBKFX) is 4.26%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. 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.

Volatility by Period

	FBKFX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	5.37%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	9.55%	-2.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	18.33%	-6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.26%	16.90%	-4.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	18.05%	-3.78%