FNSHX vs. FBAKX
Compare and contrast key facts about Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Balanced Fund Class K (FBAKX).
FNSHX is managed by Fidelity. It was launched on Jul 20, 2017. FBAKX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSHX or FBAKX.
Correlation
The correlation between FNSHX and FBAKX is 0.95, 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
FNSHX vs. FBAKX - Performance Comparison
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Key characteristics
FNSHX:
1.85%
FBAKX:
13.01%
FNSHX:
-0.19%
FBAKX:
-40.94%
FNSHX:
-0.19%
FBAKX:
-6.72%
Returns By Period
FNSHX
N/A
N/A
N/A
N/A
N/A
N/A
FBAKX
-2.57%
4.23%
-5.13%
2.18%
5.97%
4.35%
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FNSHX vs. FBAKX - Expense Ratio Comparison
FNSHX has a 0.42% expense ratio, which is lower than FBAKX's 0.45% expense ratio.
Risk-Adjusted Performance
FNSHX vs. FBAKX — Risk-Adjusted Performance Rank
FNSHX
FBAKX
FNSHX vs. FBAKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Balanced Fund Class K (FBAKX). 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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Dividends
FNSHX vs. FBAKX - Dividend Comparison
FNSHX has not paid dividends to shareholders, while FBAKX's dividend yield for the trailing twelve months is around 5.91%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSHX Fidelity Freedom Income Fund Class K | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBAKX Fidelity Balanced Fund Class K | 5.91% | 5.74% | 2.35% | 8.15% | 9.74% | 5.97% | 6.39% | 11.09% | 7.98% | 3.16% | 8.48% | 10.70% |
Drawdowns
FNSHX vs. FBAKX - Drawdown Comparison
The maximum FNSHX drawdown since its inception was -0.19%, smaller than the maximum FBAKX drawdown of -40.94%. Use the drawdown chart below to compare losses from any high point for FNSHX and FBAKX. For additional features, visit the drawdowns tool.
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Volatility
FNSHX vs. FBAKX - Volatility Comparison
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