FBKFX vs. DGRO
FBKFX (Fidelity Balanced K6 Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - FBKFX is a Diversified Portfolio fund managed by Fidelity, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 5 years, FBKFX returned 9.08%/yr vs 11.08%/yr for DGRO. Their correlation of 0.82 means they have usually moved in the same direction. FBKFX charges 0.32%/yr vs 0.08%/yr for DGRO.
Performance
FBKFX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, FBKFX achieves a 8.78% return, which is significantly lower than DGRO's 13.39% return.
FBKFX
- 1D
- 1.18%
- 1M
- -1.36%
- 6M
- 6.81%
- YTD
- 8.78%
- 1Y
- 18.52%
- 3Y*
- 15.23%
- 5Y*
- 9.08%
- 10Y*
- —
- ALL TIME*
- 12.73%
DGRO
- 1D
- -0.28%
- 1M
- 0.97%
- 6M
- 9.59%
- YTD
- 13.39%
- 1Y
- 24.21%
- 3Y*
- 16.30%
- 5Y*
- 11.08%
- 10Y*
- 13.44%
- ALL TIME*
- 12.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.52M | $104.25M | $110.17M | |
| $0.00 | $0.00 | $0.00 |
FBKFX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FBKFX Fidelity Balanced K6 Fund | 8.78% | 15.68% | 16.19% | 21.93% | -17.87% | 18.51% | 22.38% | 10.57% |
DGRO iShares Core Dividend Growth ETF | 13.39% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 12.84% |
Correlation
The correlation between FBKFX and DGRO is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.82 |
Over the past year, the correlation between FBKFX and DGRO has dropped to 0.55 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
FBKFX vs. DGRO — Risk / Return Rank
FBKFX
DGRO
FBKFX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) and iShares Core Dividend Growth ETF (DGRO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBKFX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.61 | -0.93 |
| Martin ratioReturn relative to average drawdown | 12.07 | 14.07 | -2.00 |
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Drawdowns
FBKFX vs. DGRO - Drawdown Comparison
The maximum FBKFX drawdown since its inception was -26.58%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for FBKFX and DGRO.
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Drawdown Indicators
| FBKFX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -35.10% | +8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -6.47% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -14.03% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -19.31% | -3.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -1.88% | -1.35% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -3.41% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.66% | -0.20% |
Volatility
FBKFX vs. DGRO - Volatility Comparison
The current volatility for Fidelity Balanced K6 Fund (FBKFX) is 2.60%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.21%. This indicates that FBKFX experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBKFX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.21% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 7.12% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.66% | 9.61% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.35% | 13.79% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.12% | 16.58% | -2.46% |
FBKFX vs. DGRO - Expense Ratio Comparison
FBKFX has a 0.32% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
FBKFX vs. DGRO - Dividend Comparison
FBKFX's dividend yield for the trailing twelve months is around 5.27%, more than DGRO's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
FBKFX Fidelity Balanced K6 Fund | 5.27% | 6.23% | 2.86% | 1.79% | 3.54% | 4.14% | 2.22% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBKFX and DGRO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (3.21%) compared to FBKFX (2.60%). In terms of maximum drawdown, FBKFX dropped -26.58% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.44 vs 1.83), 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.
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