FBKFX vs. SPYG

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Balanced K6 Fund (FBKFX) and State Street 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.

Performance

FBKFX vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Balanced K6 Fund (FBKFX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

FBKFX vs. SPYG - 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%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	-6.91%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	10.81%

Returns By Period

In the year-to-date period, FBKFX achieves a -1.79% return, which is significantly higher than SPYG's -6.91% return.

FBKFX

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

SPYG

• 1D: 1.32%
• 1M: -4.24%
• YTD: -6.91%
• 6M: -5.21%
• 1Y: 23.24%
• 3Y*: 22.39%
• 5Y*: 12.53%
• 10Y*: 15.90%

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

FBKFX vs. SPYG - Expense Ratio Comparison

FBKFX has a 0.32% expense ratio, which is higher than SPYG's 0.04% expense ratio.

FBKFX

Fidelity Balanced K6 Fund

SPYG

State Street SPDR Portfolio S&P 500 Growth ETF

Return for Risk

FBKFX vs. SPYG — 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

SPYG

SPYG Risk / Return Rank: 62
SPYG Sharpe Ratio Rank: 56
SPYG Sortino Ratio Rank: 61
SPYG Omega Ratio Rank: 60
SPYG Calmar Ratio Rank: 67
SPYG Martin Ratio Rank: 65

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. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) and State Street 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.

	FBKFX	SPYG	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.04	+0.36
Sortino ratio Return per unit of downside risk	2.03	1.62	+0.41
Omega ratio Gain probability vs. loss probability	1.31	1.23	+0.08
Calmar ratio Return relative to maximum drawdown	1.94	1.75	+0.19
Martin ratio Return relative to average drawdown	8.93	6.81	+2.13
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. SPYG - Sharpe Ratio Comparison

The current FBKFX Sharpe Ratio is 1.40, which is higher than the SPYG Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of FBKFX and SPYG, 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	SPYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.04	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.60	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.32	+0.51

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.

Dividends

FBKFX vs. SPYG - Dividend Comparison

FBKFX's dividend yield for the trailing twelve months is around 6.35%, more than SPYG's 0.57% 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%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.57%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Drawdowns

FBKFX vs. SPYG - Drawdown Comparison

The maximum FBKFX drawdown since its inception was -26.58%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for FBKFX and SPYG.

Drawdown Indicators

	FBKFX	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-67.63%	+41.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-13.76%	+5.58%
Max Drawdown (5Y) Largest decline over 5 years	-22.64%	-32.67%	+10.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.67%	—
Current Drawdown Current decline from peak	-4.65%	-9.06%	+4.41%
Average Drawdown Average peak-to-trough decline	-4.65%	-24.48%	+19.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	3.55%	-1.77%

Volatility

FBKFX vs. SPYG - Volatility Comparison

The current volatility for Fidelity Balanced K6 Fund (FBKFX) is 4.26%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 7.32%. 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.

Volatility by Period

	FBKFX	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	7.32%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	12.90%	-5.99%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	22.42%	-10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.26%	21.13%	-8.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	20.57%	-6.30%