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
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Key characteristics
FBKFX:
0.46
^GSPC:
0.50
FBKFX:
0.75
^GSPC:
0.86
FBKFX:
1.11
^GSPC:
1.13
FBKFX:
0.45
^GSPC:
0.54
FBKFX:
1.61
^GSPC:
2.05
FBKFX:
3.93%
^GSPC:
4.97%
FBKFX:
13.11%
^GSPC:
19.69%
FBKFX:
-26.58%
^GSPC:
-56.78%
FBKFX:
-4.52%
^GSPC:
-4.88%
Returns By Period
In the year-to-date period, FBKFX achieves a -0.44% return, which is significantly higher than ^GSPC's -0.63% return.
FBKFX
-0.44%
8.84%
-1.95%
5.98%
10.12%
10.00%
N/A
^GSPC
-0.63%
13.31%
-1.23%
9.83%
14.42%
14.61%
10.64%
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Risk-Adjusted Performance
FBKFX vs. ^GSPC — Risk-Adjusted Performance Rank
FBKFX
^GSPC
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.
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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.
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Volatility
FBKFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Balanced K6 Fund (FBKFX) is 3.06%, while S&P 500 (^GSPC) has a volatility of 4.72%. 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.
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