FBKFX vs. FBALX
Compare and contrast key facts about Fidelity Balanced K6 Fund (FBKFX) and Fidelity Balanced Fund (FBALX).
FBKFX is managed by Fidelity. It was launched on Jun 14, 2019. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
FBKFX vs. FBALX - Performance Comparison
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FBKFX vs. FBALX - 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% |
FBALX Fidelity Balanced Fund | -1.74% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 10.57% |
Returns By Period
The year-to-date returns for both investments are quite close, with FBKFX having a -1.79% return and FBALX slightly higher at -1.74%.
FBKFX
- 1D
- 2.10%
- 1M
- -3.89%
- YTD
- -1.79%
- 6M
- 1.04%
- 1Y
- 16.16%
- 3Y*
- 14.36%
- 5Y*
- 8.25%
- 10Y*
- —
FBALX
- 1D
- 2.04%
- 1M
- -3.87%
- YTD
- -1.74%
- 6M
- 0.80%
- 1Y
- 15.76%
- 3Y*
- 13.67%
- 5Y*
- 7.65%
- 10Y*
- 10.73%
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FBKFX vs. FBALX - Expense Ratio Comparison
FBKFX has a 0.32% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Return for Risk
FBKFX vs. FBALX — Risk / Return Rank
FBKFX
FBALX
FBKFX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) and Fidelity Balanced Fund (FBALX). 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 | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.37 | +0.03 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.99 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.05 | -0.11 |
Martin ratioReturn relative to average drawdown | 8.93 | 9.47 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBKFX | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.37 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.63 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.79 | +0.03 |
Correlation
The correlation between FBKFX and FBALX is 1.00, 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.
Dividends
FBKFX vs. FBALX - Dividend Comparison
FBKFX's dividend yield for the trailing twelve months is around 6.35%, more than FBALX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBKFX Fidelity Balanced K6 Fund | 6.35% | 6.23% | 2.86% | 1.79% | 3.54% | 4.14% | 2.22% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 5.79% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Drawdowns
FBKFX vs. FBALX - Drawdown Comparison
The maximum FBKFX drawdown since its inception was -26.58%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FBKFX and FBALX.
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Drawdown Indicators
| FBKFX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -43.57% | +16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -8.14% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -22.89% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.68% | — |
Current DrawdownCurrent decline from peak | -4.65% | -4.56% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.39% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.76% | +0.02% |
Volatility
FBKFX vs. FBALX - Volatility Comparison
Fidelity Balanced K6 Fund (FBKFX) and Fidelity Balanced Fund (FBALX) have volatilities of 4.26% and 4.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBKFX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 4.19% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 6.77% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 11.94% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.26% | 12.18% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.27% | 12.75% | +1.52% |