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.
Key characteristics
| FBKFX | ^GSPC | |
|---|---|---|
| YTD Return | 18.00% | 25.45% |
| 1Y Return | 26.70% | 35.64% |
| 3Y Return (Ann) | 5.75% | 8.55% |
| 5Y Return (Ann) | 12.24% | 14.13% |
| Sharpe Ratio | 3.06 | 2.90 |
| Sortino Ratio | 4.34 | 3.87 |
| Omega Ratio | 1.58 | 1.54 |
| Calmar Ratio | 3.74 | 4.19 |
| Martin Ratio | 20.67 | 18.72 |
| Ulcer Index | 1.30% | 1.90% |
| Daily Std Dev | 8.76% | 12.27% |
| Max Drawdown | -26.58% | -56.78% |
| Current Drawdown | -0.30% | -0.29% |
Correlation
The correlation between FBKFX and ^GSPC is 0.98, 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
In the year-to-date period, FBKFX achieves a 18.00% return, which is significantly lower than ^GSPC's 25.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 2.63%, while S&P 500 (^GSPC) has a volatility of 3.86%. 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.