JLGMX vs. FBKFX

Last updated Jun 6, 2026

JLGMX (JPMorgan Large Cap Growth Fund Class R6) and FBKFX (Fidelity Balanced K6 Fund) are both mutual funds - JLGMX is a Large Cap Growth Equities fund actively managed by JPMorgan, while FBKFX is a Diversified Portfolio fund managed by Fidelity. Over the past 5 years, JLGMX returned 13.57%/yr vs 10.00%/yr for FBKFX. Their correlation of 0.91 suggests significant overlap in exposure. JLGMX charges 0.44%/yr vs 0.32%/yr for FBKFX.

Performance

JLGMX vs. FBKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Large Cap Growth Fund Class R6 (JLGMX) and Fidelity Balanced K6 Fund (FBKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLGMX achieves a 7.17% return, which is significantly lower than FBKFX's 10.58% return.

JLGMX

• 1D: -0.03%
• 1M: 2.98%
• YTD: 7.17%
• 6M: 5.20%
• 1Y: 20.96%
• 3Y*: 23.76%
• 5Y*: 13.57%
• 10Y*: 20.03%

FBKFX

• 1D: 0.42%
• 1M: 2.19%
• YTD: 10.58%
• 6M: 10.79%
• 1Y: 25.74%
• 3Y*: 17.63%
• 5Y*: 10.00%
• 10Y*: —

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

JLGMX vs. FBKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JLGMX JPMorgan Large Cap Growth Fund Class R6	7.17%	14.38%	35.40%	34.95%	-25.20%	18.48%	56.39%	10.20%
FBKFX Fidelity Balanced K6 Fund	10.58%	15.68%	16.19%	21.93%	-17.87%	18.51%	22.38%	10.57%

Correlation

The correlation between JLGMX and FBKFX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 17, 2019	0.91

The correlation between JLGMX and FBKFX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

JLGMX vs. FBKFX — Risk / Return Rank

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

JLGMX

JLGMX Risk / Return Rank: 19
JLGMX Sharpe Ratio Rank: 23
JLGMX Sortino Ratio Rank: 21
JLGMX Omega Ratio Rank: 22
JLGMX Calmar Ratio Rank: 14
JLGMX Martin Ratio Rank: 13

FBKFX

FBKFX Risk / Return Rank: 87
FBKFX Sharpe Ratio Rank: 90
FBKFX Sortino Ratio Rank: 86
FBKFX Omega Ratio Rank: 84
FBKFX Calmar Ratio Rank: 85
FBKFX Martin Ratio Rank: 92

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.

JLGMX vs. FBKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth Fund Class R6 (JLGMX) and Fidelity Balanced K6 Fund (FBKFX). 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.

	JLGMX	FBKFX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.92	-1.61
Sortino ratio: Return per unit of downside risk	1.83	4.11	-2.28
Omega ratio: Gain probability vs. loss probability	1.23	1.56	-0.32
Calmar ratio: Return relative to maximum drawdown	1.22	3.87	-2.65
Martin ratio: Return relative to average drawdown	3.49	18.69	-15.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JLGMX vs. FBKFX - Sharpe Ratio Comparison

The current JLGMX Sharpe Ratio is 1.31, which is lower than the FBKFX Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of JLGMX and FBKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JLGMX	FBKFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	2.92	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.82	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.94	-0.09

Drawdowns

JLGMX vs. FBKFX - Drawdown Comparison

The maximum JLGMX drawdown since its inception was -31.82%, which is greater than FBKFX's maximum drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for JLGMX and FBKFX.

Drawdown Indicators

	JLGMX	FBKFX	Difference
Max Drawdown Largest peak-to-trough decline	-31.82%	-26.58%	-5.24%
Max Drawdown (1Y) Largest decline over 1 year	-16.73%	-6.61%	-10.12%
Max Drawdown (3Y) Largest decline over 3 years	-21.47%	-12.88%	-8.59%
Max Drawdown (5Y) Largest decline over 5 years	-31.13%	-22.64%	-8.49%
Max Drawdown (10Y) Largest decline over 10 years	-31.82%	—	—
Current Drawdown Current decline from peak	-0.73%	-0.05%	-0.68%
Average Drawdown Average peak-to-trough decline	-5.81%	-4.54%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.85%	1.36%	+4.49%

Volatility

JLGMX vs. FBKFX - Volatility Comparison

JPMorgan Large Cap Growth Fund Class R6 (JLGMX) has a higher volatility of 3.95% compared to Fidelity Balanced K6 Fund (FBKFX) at 2.66%. This indicates that JLGMX's price experiences larger fluctuations and is considered to be riskier than FBKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLGMX	FBKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	2.66%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	6.98%	+4.23%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	8.77%	+6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	12.25%	+7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	14.17%	+7.40%

JLGMX vs. FBKFX - Expense Ratio Comparison

JLGMX has a 0.44% expense ratio, which is higher than FBKFX's 0.32% expense ratio.

Dividends

JLGMX vs. FBKFX - Dividend Comparison

JLGMX's dividend yield for the trailing twelve months is around 10.30%, more than FBKFX's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBKFX Fidelity Balanced K6 Fund	5.63%	6.23%	2.86%	1.79%	3.54%	4.14%	2.22%	0.51%	0.00%	0.00%	0.00%	0.00%
JLGMX JPMorgan Large Cap Growth Fund Class R6	10.30%	11.04%	2.12%	0.31%	3.49%	14.25%	5.14%	12.65%	15.59%	14.44%	9.71%	4.43%

Frequently Asked Questions

Can I hold both JLGMX and FBKFX in my portfolio?

With a correlation of 0.91, JLGMX and FBKFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JLGMX or FBKFX?

JLGMX has higher volatility (3.95%) compared to FBKFX (2.66%). In terms of maximum drawdown, JLGMX dropped -31.82% vs FBKFX's -26.58%.

Which has better risk-adjusted returns?

FBKFX currently has the higher Sharpe Ratio (2.92 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.