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FBKFX vs. STDAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FBKFX vs. STDAX

Last updated Jun 24, 2026

FBKFX (Fidelity Balanced K6 Fund) and STDAX (SEI Asset Allocation Trust Defensive Strategy Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, FBKFX returned 9.76%/yr vs 2.89%/yr for STDAX. At a 0.47 correlation, their price movements are largely independent. FBKFX charges 0.32%/yr vs 0.35%/yr for STDAX.

Performance

FBKFX vs. STDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Balanced K6 Fund (FBKFX) and SEI Asset Allocation Trust Defensive Strategy Allocation Fund (STDAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FBKFX achieves a 10.06% return, which is significantly higher than STDAX's 1.48% return.

FBKFX

1D
-0.37%
1M
1.01%
YTD
10.06%
6M
9.55%
1Y
23.77%
3Y*
17.03%
5Y*
9.76%
10Y*
—

STDAX

1D
0.00%
1M
0.45%
YTD
1.48%
6M
1.61%
1Y
3.90%
3Y*
4.46%
5Y*
2.89%
10Y*
2.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FBKFX vs. STDAX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FBKFX
Fidelity Balanced K6 Fund		10.06%15.68%16.19%21.93%-17.87%18.51%22.38%10.57%
STDAX
SEI Asset Allocation Trust Defensive Strategy Allocation Fund		1.48%4.46%5.35%4.45%-1.58%1.56%-19.54%6.05%

Correlation

The correlation between FBKFX and STDAX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2019

0.47

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Balanced K6 Fund

SEI Asset Allocation Trust Defensive Strategy Allocation Fund

Often compared with FBKFX:
FBKFX vs. FBALXFBKFX vs. FPKFXFBKFX vs. JLGMXFBKFX vs. RNPGXFBKFX vs. VWELXFBKFX vs. VOOFBKFX vs. DGRO
Often compared with STDAX:
STDAX vs. FRGAXSTDAX vs. VASGXSTDAX vs. FGTIXSTDAX vs. GWPAXSTDAX vs. FKINXSTDAX vs. VTTVXSTDAX vs. FPURX

Return for Risk

FBKFX vs. STDAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FBKFX
FBKFX Risk / Return Rank: 8686
Overall Rank
FBKFX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FBKFX Sortino Ratio Rank: 8484
Sortino Ratio Rank
FBKFX Omega Ratio Rank: 8383
Omega Ratio Rank
FBKFX Calmar Ratio Rank: 8484
Calmar Ratio Rank
FBKFX Martin Ratio Rank: 9292
Martin Ratio Rank
STDAX
STDAX Risk / Return Rank: 9999
Overall Rank
STDAX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
STDAX Sortino Ratio Rank: 9999
Sortino Ratio Rank
STDAX Omega Ratio Rank: 9999
Omega Ratio Rank
STDAX Calmar Ratio Rank: 9999
Calmar Ratio Rank
STDAX Martin Ratio Rank: 9999
Martin Ratio Rank
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. STDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) and SEI Asset Allocation Trust Defensive Strategy Allocation Fund (STDAX). 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.

FBKFXSTDAXDifference
Sharpe ratioReturn per unit of total volatility
2.66
4.74

-2.08

Sortino ratioReturn per unit of downside risk
3.68
8.53

-4.84

Omega ratioGain probability vs. loss probability

1.51

2.77

-1.27

Calmar ratioReturn relative to maximum drawdown

3.76

11.21

-7.45

Martin ratioReturn relative to average drawdown

17.69

47.95

-30.26

FBKFX vs. STDAX - Sharpe Ratio Comparison

The current FBKFX Sharpe Ratio is 2.66, which is lower than the STDAX Sharpe Ratio of 4.74. The chart below compares the historical Sharpe Ratios of FBKFX and STDAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FBKFX vs. STDAX - Drawdown Comparison

The maximum FBKFX drawdown since its inception was -26.58%, smaller than the maximum STDAX drawdown of -76.81%. Use the drawdown chart below to compare losses from any high point for FBKFX and STDAX.

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Drawdown Indicators

FBKFXSTDAXDifference

Max Drawdown

Largest peak-to-trough decline

-26.58%

-76.81%

+50.23%

Max Drawdown (1Y)

Largest decline over 1 year

-6.61%

-0.36%

-6.25%

Max Drawdown (3Y)

Largest decline over 3 years

-12.88%

-1.68%

-11.20%

Max Drawdown (5Y)

Largest decline over 5 years

-22.64%

-2.91%

-19.73%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.89%

—

Current Drawdown

Current decline from peak

-0.52%

-8.54%

+8.02%

Average Drawdown

Average peak-to-trough decline

-4.52%

-31.71%

+27.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.40%

0.08%

+1.32%

Volatility

FBKFX vs. STDAX - Volatility Comparison

Fidelity Balanced K6 Fund (FBKFX) has a higher volatility of 3.72% compared to SEI Asset Allocation Trust Defensive Strategy Allocation Fund (STDAX) at 0.18%. This indicates that FBKFX's price experiences larger fluctuations and is considered to be riskier than STDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FBKFXSTDAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

0.18%

+3.54%

Volatility (6M)

Calculated over the trailing 6-month period

7.71%

0.67%

+7.04%

Volatility (1Y)

Calculated over the trailing 1-year period

9.36%

0.85%

+8.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.34%

1.96%

+10.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.18%

6.63%

+7.55%

FBKFX vs. STDAX - Expense Ratio Comparison

FBKFX has a 0.32% expense ratio, which is lower than STDAX's 0.35% expense ratio.

Dividends

FBKFX vs. STDAX - Dividend Comparison

FBKFX's dividend yield for the trailing twelve months is around 5.65%, more than STDAX's 4.55% yield.

PositionTTM20252024202320222021202020192018201720162015
FBKFX
Fidelity Balanced K6 Fund		5.65%6.23%2.86%1.79%3.54%4.14%2.22%0.51%0.00%0.00%0.00%0.00%
STDAX
SEI Asset Allocation Trust Defensive Strategy Allocation Fund		4.55%4.49%4.97%4.77%3.54%0.87%1.71%5.19%8.53%6.92%10.19%3.84%

Frequently Asked Questions

FBKFX and STDAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FBKFX has higher volatility (3.72%) compared to STDAX (0.18%). In terms of maximum drawdown, FBKFX dropped -26.58% vs STDAX's -76.81%.

STDAX currently has the higher Sharpe Ratio (4.74 vs 2.66), 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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