Haiku 4.5 vs Fable 5
Newer releases exist: Haiku 4.5 → Haiku 5.5; Fable 5 → Fable 5.1.
Side by side
| Haiku 4.5 | Fable 5 | |
|---|---|---|
| Input / MTok | $1 | $10 |
| Output / MTok | $5 | $50 |
| Cache read / MTok | $0.10 | $1 |
| Context window | 200K | 1M |
| Max output | 64K | 128K |
| Min cacheable prefix | 4,096 | 512 |
| Effort levels | none | low, medium, high, xhigh, max |
| Effort default | — | high |
| Thinking | Fixed budget_tokens, off unless requested | Always on — cannot be disabled |
| Forced tool_choice | accepted | accepted |
Nearly the full span of the lineup in one comparison
These two sit near opposite ends of the lineup on every axis — price, capability, and thinking behaviour — and a workload genuinely torn between them is unusual; most tasks are clearly better served by one or the other rather than sitting in a genuine grey zone between them. Haiku 4.5 has no effort parameter and no thinking of its own to speak of in the same sense; Fable 5 runs extensive thinking on every single request with no way to turn it off.
Why this pairing is more useful as a sanity check than a real decision
If you find yourself genuinely uncertain between these two specifically, that's usually a sign the task itself needs re-scoping rather than a sign the models are close in suitability — a task simple enough for Haiku 4.5 to be a candidate is very unlikely to also need Fable 5's ceiling, and the reverse. Revisit what the task actually requires before treating this as a close call.
Related
See Opus 5 vs Haiku 4.5 and Opus 5 vs Fable 5 for the more commonly relevant comparisons on either side of this wide gap, and the model picker for a recommendation grounded in your actual task rather than a direct extreme-to-extreme comparison.
Verified 2026-10-28 against claude-api skill — shared/models.md, model-migration.md + SKILL.md model table and Anthropic's pricing and model-deprecation pages (canonical: https://platform.claude.com/docs/en/about-claude/models/overview, https://platform.claude.com/docs/en/about-claude/pricing, https://platform.claude.com/docs/en/about-claude/model-deprecations).
Verified 2026-09-30 against claude-api skill — shared/models.md, model-migration.md + SKILL.md model table and Anthropic's pricing and model-deprecation pages (canonical: https://platform.claude.com/docs/en/about-claude/models/overview, https://platform.claude.com/docs/en/about-claude/pricing, https://platform.claude.com/docs/en/about-claude/model-deprecations).Could not confirm: Availability on Amazon Bedrock, Google Cloud and Microsoft Foundry is not stated in the source we used, so we do not claim it either way.