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:
0.67
^GSPC:
0.67
FBKFX:
1.00
^GSPC:
1.05
FBKFX:
1.14
^GSPC:
1.16
FBKFX:
0.62
^GSPC:
0.68
FBKFX:
2.31
^GSPC:
2.70
FBKFX:
3.76%
^GSPC:
4.78%
FBKFX:
13.00%
^GSPC:
19.41%
FBKFX:
-26.58%
^GSPC:
-56.78%
FBKFX:
-6.15%
^GSPC:
-7.45%
Returns By Period
In the year-to-date period, FBKFX achieves a -2.13% return, which is significantly higher than ^GSPC's -3.31% return.
FBKFX
-2.13%
7.21%
-1.25%
6.92%
10.40%
N/A
^GSPC
-3.31%
12.07%
-0.74%
10.90%
14.73%
10.57%
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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.
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 9.04%, while S&P 500 (^GSPC) has a volatility of 14.17%. 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.