FBKFX vs. ^GSPC
Compare and contrast key facts about Fidelity Balanced K6 Fund (FBKFX) and S&P 500 (^GSPC).
FBKFX is managed by Fidelity. It was launched on Jun 14, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBKFX or ^GSPC.
Correlation
The correlation between FBKFX and ^GSPC is 0.97, 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. ^GSPC - Performance Comparison
Key characteristics
FBKFX:
1.92
^GSPC:
2.16
FBKFX:
2.66
^GSPC:
2.87
FBKFX:
1.35
^GSPC:
1.40
FBKFX:
3.25
^GSPC:
3.19
FBKFX:
12.26
^GSPC:
13.87
FBKFX:
1.40%
^GSPC:
1.95%
FBKFX:
8.96%
^GSPC:
12.54%
FBKFX:
-26.58%
^GSPC:
-56.78%
FBKFX:
-2.93%
^GSPC:
-0.82%
Returns By Period
In the year-to-date period, FBKFX achieves a 16.71% return, which is significantly lower than ^GSPC's 26.63% return.
FBKFX
16.71%
-0.85%
5.49%
17.20%
11.10%
N/A
^GSPC
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
FBKFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced K6 Fund (FBKFX) and S&P 500 (^GSPC). 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.
Drawdowns
FBKFX vs. ^GSPC - Drawdown Comparison
The maximum FBKFX drawdown since its inception was -26.58%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FBKFX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FBKFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Balanced K6 Fund (FBKFX) is 3.00%, while S&P 500 (^GSPC) has a volatility of 3.96%. This indicates that FBKFX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.