FBKFX vs. SPYG
Compare and contrast key facts about Fidelity Balanced K6 Fund (FBKFX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FBKFX is managed by Fidelity. It was launched on Jun 14, 2019. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBKFX or SPYG.
Correlation
The correlation between FBKFX and SPYG is 0.93, 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. SPYG - Performance Comparison
Key characteristics
FBKFX:
0.25
SPYG:
0.33
FBKFX:
0.43
SPYG:
0.62
FBKFX:
1.06
SPYG:
1.09
FBKFX:
0.23
SPYG:
0.36
FBKFX:
0.95
SPYG:
1.36
FBKFX:
3.34%
SPYG:
5.89%
FBKFX:
12.76%
SPYG:
24.45%
FBKFX:
-26.58%
SPYG:
-67.79%
FBKFX:
-10.89%
SPYG:
-16.99%
Returns By Period
In the year-to-date period, FBKFX achieves a -7.08% return, which is significantly higher than SPYG's -12.75% return.
FBKFX
-7.08%
-5.30%
-8.09%
3.68%
9.43%
N/A
SPYG
-12.75%
-6.73%
-9.05%
9.64%
14.88%
13.23%
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FBKFX vs. SPYG - Expense Ratio Comparison
FBKFX has a 0.32% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
FBKFX vs. SPYG — Risk-Adjusted Performance Rank
FBKFX
SPYG
FBKFX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
Dividends
FBKFX vs. SPYG - Dividend Comparison
FBKFX's dividend yield for the trailing twelve months is around 1.61%, more than SPYG's 0.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBKFX Fidelity Balanced K6 Fund | 1.61% | 2.00% | 1.79% | 1.48% | 0.97% | 1.31% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.71% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
FBKFX vs. SPYG - Drawdown Comparison
The maximum FBKFX drawdown since its inception was -26.58%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FBKFX and SPYG. For additional features, visit the drawdowns tool.
Volatility
FBKFX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Balanced K6 Fund (FBKFX) is 8.59%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 15.66%. This indicates that FBKFX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.