Claude Fable 5 vs Claude Haiku 5.5
Anthropic · US | Anthropic · US · Updated June 2026
Quick verdict
Both are Anthropic models. Claude Haiku 5.5 is the newer, generally stronger default; reach for Claude Fable 5 when a specific cost or latency profile matters more than the latest capabilities.
Claude Fable 5 and Claude Haiku 5.5 are both Anthropic models, so the real question is not which lab to trust but which tier fits your workload and budget. Claude Fable 5 is anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. Claude Haiku 5.5 is anthropic's October 7, 2026 small-model refresh — a 1M-token context window (up from 200K) at roughly 75% lower average cost than Haiku 4.5, priced at $0.10/$0.50 per million tokens. Since both come from the same lab, the comparison below focuses on the tier-and-cost trade-offs that actually separate them.
Key differences at a glance
- ▸Price: Claude Haiku 5.5 is about 100× cheaper on input ($0.1/$0.5 per 1M tokens vs $10/$50 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
- ▸Context window: both advertise 1M (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
- ▸Recency: Claude Haiku 5.5 is the newer model by about 4 months (released October 7, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
| Spec | Claude Fable 5 | Claude Haiku 5.5 |
|---|---|---|
| Provider | Anthropic (US) | Anthropic (US) |
| Released | June 9, 2026 | October 7, 2026 |
| Context window | 1M (~1,500 pages) | 1M tokens (~1,500 pages) |
| Price (in/out) | $10/$50 per 1M tokens | $0.1/$0.5 per 1M tokens |
| Open weight? | No — API only | No — API only |
| Modalities | text, image, code | text, image, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
The hardest reasoning and most complex problems
Claude Fable 5
Claude Haiku 5.5 is comparatively weak here — as the smallest tier, trails both Sonnet 5.5 and Opus 5.5 on hard reasoning and open-ended work
Long-horizon, multi-step agentic work
Claude Fable 5
Claude Fable 5 lists long-horizon, multi-step agentic work among its strengths; Claude Haiku 5.5 does not.
Frontier-level analysis and research
Claude Fable 5
Claude Fable 5 lists frontier-level analysis and research among its strengths; Claude Haiku 5.5 does not.
5x the context window of Haiku 4.5 (1M vs 200K tokens) and double the max output (128K vs 64K)
Claude Haiku 5.5
Anthropic's October 7, 2026 small-model refresh — a 1M-token context window (up from 200K) at roughly 75% lower average cost than Haiku 4.5, priced at $0.10/$0.50 per million tokens — and it runs cheaper at $0.1/$0.5 per 1M tokens.
First Haiku-class model with an adjustable 'effort' setting to trade off cost, latency, and intelligence
Claude Haiku 5.5
At $0.1/$0.5 per 1M tokens it undercuts Claude Fable 5 ($10/$50 per 1M tokens), and that gap compounds at volume.
Anthropic's cheapest small model yet — runs about 75% cheaper on average than Haiku 4.5
Claude Haiku 5.5
Anthropic's October 7, 2026 small-model refresh — a 1M-token context window (up from 200K) at roughly 75% lower average cost than Haiku 4.5, priced at $0.10/$0.50 per million tokens — and it is the newer of the two.
Lowest cost at scale
Claude Haiku 5.5
At $0.1/$0.5 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Claude Haiku 5.5
At $0.1/$0.5 per 1M tokens it undercuts Claude Fable 5, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is the hardest reasoning and most complex problems
→ Claude Fable 5
It is specifically built for that.
Anyone whose priority is 5x the context window of haiku 4.5 (1m vs 200k tokens) and double the max output (128k vs 64k)
→ Claude Haiku 5.5
That is its strongest area.
Claude Fable 5: where it fits
Anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. Released June 9, 2026 by Anthropic, it is built for the hardest reasoning and most complex problems, long-horizon, multi-step agentic work, frontier-level analysis and research, and work where maximum capability outweighs cost.
Its trade-offs are real: highest price in the Claude lineup, and tier access was temporarily suspended in June 2026 under a US export-control directive. At $10 in / $50 out per million tokens, it sits in the premium price band.
Claude Haiku 5.5: where it fits
Anthropic's October 7, 2026 small-model refresh — a 1M-token context window (up from 200K) at roughly 75% lower average cost than Haiku 4.5, priced at $0.10/$0.50 per million tokens. Released October 7, 2026 by Anthropic, it is built for 5x the context window of Haiku 4.5 (1M vs 200K tokens) and double the max output (128K vs 64K), first Haiku-class model with an adjustable 'effort' setting to trade off cost, latency, and intelligence, anthropic's cheapest small model yet — runs about 75% cheaper on average than Haiku 4.5, and over-refuses benign requests only 0.17% of the time on the API, down from Haiku 4.5's 0.44%.
Its trade-offs: pricing jumps roughly 5x beyond 100K-token prompts ($0.50/$2.50 per million vs the headline $0.10/$0.50), extended thinking can no longer be fully disabled — only dialed between low, medium, and high effort, and as the smallest tier, trails both Sonnet 5.5 and Opus 5.5 on hard reasoning and open-ended work. At $0.1 in / $0.5 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
Because Claude Fable 5 and Claude Haiku 5.5 come from the same lab (Anthropic), they share the same training philosophy and ecosystem — the decision is purely tier vs. cost. Claude Haiku 5.5 is the more capable, more recent option; the other earns its place only when its price or latency profile fits a specific job better. Most teams should default to Claude Haiku 5.5 and drop down only with a concrete reason.
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See pricingFrequently asked questions
Is Claude Fable 5 or Claude Haiku 5.5 better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Claude Fable 5 leans toward the hardest reasoning and most complex problems while Claude Haiku 5.5 leans toward 5x the context window of haiku 4.5 (1m vs 200k tokens) and double the max output (128k vs 64k), and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Fable 5 or Claude Haiku 5.5?
Claude Haiku 5.5 is cheaper — $10/$50 per 1M tokens vs $0.1/$0.5 per 1M tokens, roughly 100× apart on input.
Which has the bigger context window?
Both advertise 1M (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Should I upgrade from Claude Fable 5 to Claude Haiku 5.5?
Since both are Anthropic models, the newer one (Claude Haiku 5.5) is usually the better default unless you need a specific cost or latency profile from the other.
Which is newer, Claude Fable 5 or Claude Haiku 5.5?
Claude Haiku 5.5 — released October 7, 2026, about 4 months after Claude Fable 5.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.