RNPGX vs. FBKFX
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and Fidelity Balanced K6 Fund (FBKFX).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. 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: RNPGX or FBKFX.
Key characteristics
| RNPGX | FBKFX | |
|---|---|---|
| YTD Return | 18.42% | 18.00% |
| 1Y Return | 29.51% | 26.70% |
| 3Y Return (Ann) | 2.76% | 5.75% |
| 5Y Return (Ann) | 12.93% | 12.24% |
| Sharpe Ratio | 2.36 | 3.06 |
| Sortino Ratio | 3.24 | 4.34 |
| Omega Ratio | 1.43 | 1.58 |
| Calmar Ratio | 1.72 | 3.74 |
| Martin Ratio | 15.26 | 20.67 |
| Ulcer Index | 1.95% | 1.30% |
| Daily Std Dev | 12.57% | 8.76% |
| Max Drawdown | -34.25% | -26.58% |
| Current Drawdown | -1.06% | -0.30% |
Correlation
The correlation between RNPGX and FBKFX is 0.94, 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
RNPGX vs. FBKFX - Performance Comparison
The year-to-date returns for both stocks are quite close, with RNPGX having a 18.42% return and FBKFX slightly lower at 18.00%. 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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RNPGX vs. FBKFX - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is higher than FBKFX's 0.32% expense ratio.
Risk-Adjusted Performance
RNPGX vs. FBKFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R-6 (RNPGX) 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.
Dividends
RNPGX vs. FBKFX - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 1.06%, less than FBKFX's 1.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 1.06% | 1.25% | 1.21% | 0.65% | 0.40% | 1.81% | 1.55% | 0.75% | 1.16% | 1.05% | 8.26% | 6.90% |
FBKFX Fidelity Balanced K6 Fund | 1.91% | 1.79% | 1.48% | 0.97% | 1.31% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RNPGX vs. FBKFX - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, which is greater than FBKFX's maximum drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for RNPGX and FBKFX. For additional features, visit the drawdowns tool.
Volatility
RNPGX vs. FBKFX - Volatility Comparison
American Funds New Perspective Fund Class R-6 (RNPGX) has a higher volatility of 3.49% compared to Fidelity Balanced K6 Fund (FBKFX) at 2.63%. This indicates that RNPGX'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.