RNPGX vs. FBKFX

Last updated Jun 3, 2026

RNPGX (American Funds New Perspective Fund Class R-6) and FBKFX (Fidelity Balanced K6 Fund) are both mutual funds - RNPGX is a Global Equities fund managed by American Funds, while FBKFX is a Diversified Portfolio fund managed by Fidelity. Over the past 5 years, RNPGX returned 9.08%/yr vs 10.03%/yr for FBKFX. Their correlation of 0.93 suggests significant overlap in exposure. RNPGX charges 0.42%/yr vs 0.32%/yr for FBKFX.

Performance

RNPGX vs. FBKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds New Perspective Fund Class R-6 (RNPGX) 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, RNPGX achieves a 7.40% return, which is significantly lower than FBKFX's 10.35% return.

RNPGX

• 1D: 0.07%
• 1M: 4.91%
• YTD: 7.40%
• 6M: 9.06%
• 1Y: 20.78%
• 3Y*: 18.96%
• 5Y*: 9.08%
• 10Y*: 13.88%

FBKFX

• 1D: 0.21%
• 1M: 3.70%
• YTD: 10.35%
• 6M: 10.75%
• 1Y: 25.86%
• 3Y*: 17.52%
• 5Y*: 10.03%
• 10Y*: —

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

RNPGX vs. FBKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RNPGX American Funds New Perspective Fund Class R-6	7.40%	21.71%	17.13%	25.06%	-25.70%	18.00%	33.88%	13.39%
FBKFX Fidelity Balanced K6 Fund	10.35%	15.68%	16.19%	21.93%	-17.87%	18.51%	22.38%	10.57%

Correlation

The correlation between RNPGX and FBKFX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 17, 2019	0.93

The correlation between RNPGX and FBKFX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

RNPGX vs. FBKFX — Risk / Return Rank

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

RNPGX

RNPGX Risk / Return Rank: 30
RNPGX Sharpe Ratio Rank: 31
RNPGX Sortino Ratio Rank: 30
RNPGX Omega Ratio Rank: 31
RNPGX Calmar Ratio Rank: 24
RNPGX Martin Ratio Rank: 35

FBKFX

FBKFX Risk / Return Rank: 88
FBKFX Sharpe Ratio Rank: 91
FBKFX Sortino Ratio Rank: 88
FBKFX Omega Ratio Rank: 85
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.

RNPGX vs. FBKFX - Risk-Adjusted Trends 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.

	RNPGX	FBKFX	Difference
Sharpe ratio Return per unit of total volatility	1.63	3.01	-1.38
Sortino ratio Return per unit of downside risk	2.33	4.23	-1.91
Omega ratio Gain probability vs. loss probability	1.30	1.58	-0.28
Calmar ratio Return relative to maximum drawdown	1.89	4.03	-2.15
Martin ratio Return relative to average drawdown	7.99	19.55	-11.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RNPGX vs. FBKFX - Sharpe Ratio Comparison

The current RNPGX Sharpe Ratio is 1.63, which is lower than the FBKFX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of RNPGX 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

	RNPGX	FBKFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	3.01	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.82	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.94	-0.25

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.

Drawdown Indicators

	RNPGX	FBKFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.25%	-26.58%	-7.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-6.61%	-4.83%
Max Drawdown (3Y) Largest decline over 3 years	-17.90%	-12.88%	-5.02%
Max Drawdown (5Y) Largest decline over 5 years	-34.25%	-22.64%	-11.61%
Max Drawdown (10Y) Largest decline over 10 years	-34.25%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.55%	-4.55%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	1.36%	+1.34%

Volatility

RNPGX vs. FBKFX - Volatility Comparison

American Funds New Perspective Fund Class R-6 (RNPGX) has a higher volatility of 3.94% compared to Fidelity Balanced K6 Fund (FBKFX) at 2.65%. 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.

Volatility by Period

	RNPGX	FBKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	2.65%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	10.81%	6.98%	+3.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.43%	8.76%	+4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	12.25%	+4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.83%	14.18%	+3.65%

RNPGX vs. FBKFX - Expense Ratio Comparison

RNPGX has a 0.42% expense ratio, which is higher than FBKFX's 0.32% expense ratio.

Dividends

RNPGX vs. FBKFX - Dividend Comparison

RNPGX's dividend yield for the trailing twelve months is around 6.40%, more than FBKFX's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBKFX Fidelity Balanced K6 Fund	5.64%	6.23%	2.86%	1.79%	3.54%	4.14%	2.22%	0.51%	0.00%	0.00%	0.00%	0.00%
RNPGX American Funds New Perspective Fund Class R-6	6.40%	6.87%	5.45%	5.67%	4.53%	7.31%	4.41%	4.47%	7.95%	5.80%	4.20%	6.46%

Frequently Asked Questions

Can I hold both RNPGX and FBKFX in my portfolio?

With a correlation of 0.92, RNPGX 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, RNPGX or FBKFX?

RNPGX has higher volatility (3.94%) compared to FBKFX (2.65%). In terms of maximum drawdown, RNPGX dropped -34.25% vs FBKFX's -26.58%.

Which has better risk-adjusted returns?

FBKFX currently has the higher Sharpe Ratio (3.01 vs 1.63), 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.