FHLKX vs. FBALX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Health Savings Fund Class K (FHLKX) and Fidelity Balanced Fund (FBALX).

FHLKX is managed by Fidelity. It was launched on Mar 2, 2020. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.

Performance

FHLKX vs. FBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Health Savings Fund Class K (FHLKX) and Fidelity Balanced Fund (FBALX). The values are adjusted to include any dividend payments, if applicable.

FHLKX vs. FBALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FHLKX Fidelity Health Savings Fund Class K	0.45%	12.17%	7.06%	9.82%	-14.79%	5.50%	10.70%
FBALX Fidelity Balanced Fund	-1.74%	15.11%	16.09%	20.31%	-18.29%	18.27%	27.26%

Returns By Period

In the year-to-date period, FHLKX achieves a 0.45% return, which is significantly higher than FBALX's -1.74% return.

FHLKX

• 1D: 1.18%
• 1M: -2.78%
• YTD: 0.45%
• 6M: 2.17%
• 1Y: 11.27%
• 3Y*: 8.33%
• 5Y*: 3.62%
• 10Y*: —

FBALX

• 1D: 2.04%
• 1M: -3.87%
• YTD: -1.74%
• 6M: 0.80%
• 1Y: 15.76%
• 3Y*: 13.67%
• 5Y*: 7.65%
• 10Y*: 10.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHLKX vs. FBALX - Expense Ratio Comparison

FHLKX has a 0.37% expense ratio, which is lower than FBALX's 0.51% expense ratio.

FBALX

Fidelity Balanced Fund

FHLKX

Fidelity Health Savings Fund Class K

Return for Risk

FHLKX vs. FBALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHLKX

FHLKX Risk / Return Rank: 85
FHLKX Sharpe Ratio Rank: 84
FHLKX Sortino Ratio Rank: 85
FHLKX Omega Ratio Rank: 84
FHLKX Calmar Ratio Rank: 85
FHLKX Martin Ratio Rank: 88

FBALX

FBALX Risk / Return Rank: 80
FBALX Sharpe Ratio Rank: 75
FBALX Sortino Ratio Rank: 78
FBALX Omega Ratio Rank: 77
FBALX Calmar Ratio Rank: 83
FBALX Martin Ratio Rank: 88

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.

FHLKX vs. FBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Health Savings Fund Class K (FHLKX) and Fidelity Balanced Fund (FBALX). 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.

	FHLKX	FBALX	Difference
Sharpe ratio Return per unit of total volatility	1.69	1.37	+0.32
Sortino ratio Return per unit of downside risk	2.37	1.99	+0.38
Omega ratio Gain probability vs. loss probability	1.36	1.30	+0.06
Calmar ratio Return relative to maximum drawdown	2.31	2.05	+0.26
Martin ratio Return relative to average drawdown	10.04	9.47	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHLKX vs. FBALX - Sharpe Ratio Comparison

The current FHLKX Sharpe Ratio is 1.69, which is comparable to the FBALX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of FHLKX and FBALX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FHLKX	FBALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.37	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.63	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.79	-0.15

Correlation

The correlation between FHLKX and FBALX is 0.85, 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.

Dividends

FHLKX vs. FBALX - Dividend Comparison

FHLKX's dividend yield for the trailing twelve months is around 3.05%, less than FBALX's 5.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHLKX Fidelity Health Savings Fund Class K	3.05%	3.05%	3.01%	2.88%	3.85%	2.84%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%
FBALX Fidelity Balanced Fund	5.79%	5.69%	5.67%	2.28%	8.06%	9.66%	5.90%	4.24%	10.99%	7.90%	3.07%	7.70%

Drawdowns

FHLKX vs. FBALX - Drawdown Comparison

The maximum FHLKX drawdown since its inception was -19.09%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FHLKX and FBALX.

Drawdown Indicators

	FHLKX	FBALX	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-43.57%	+24.48%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-8.14%	+3.17%
Max Drawdown (5Y) Largest decline over 5 years	-19.09%	-22.89%	+3.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.68%	—
Current Drawdown Current decline from peak	-3.20%	-4.56%	+1.36%
Average Drawdown Average peak-to-trough decline	-4.94%	-4.39%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	1.76%	-0.62%

Volatility

FHLKX vs. FBALX - Volatility Comparison

The current volatility for Fidelity Health Savings Fund Class K (FHLKX) is 3.08%, while Fidelity Balanced Fund (FBALX) has a volatility of 4.19%. This indicates that FHLKX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHLKX	FBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	4.19%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	4.53%	6.77%	-2.24%
Volatility (1Y) Calculated over the trailing 1-year period	6.84%	11.94%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	12.18%	-5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.28%	12.75%	-5.47%