CIHIX vs. FNSHX
CIHIX (Cullen International High Dividend Fund) and FNSHX (Fidelity Freedom Income Fund Class K) are both mutual funds - CIHIX is a Foreign Large Cap Equities fund managed by Cullen Funds Trust, while FNSHX is a Target Retirement Date fund managed by Fidelity. Over the past 5 years, CIHIX returned 9.01%/yr vs 3.24%/yr for FNSHX. A 0.62 correlation means they provide meaningful diversification when combined. CIHIX charges 1.00%/yr vs 0.42%/yr for FNSHX.
Performance
CIHIX vs. FNSHX - Performance Comparison
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Returns By Period
In the year-to-date period, CIHIX achieves a 9.39% return, which is significantly higher than FNSHX's 4.93% return.
CIHIX
- 1D
- -0.07%
- 1M
- -1.22%
- YTD
- 9.39%
- 6M
- 9.80%
- 1Y
- 21.16%
- 3Y*
- 17.19%
- 5Y*
- 9.01%
- 10Y*
- 8.28%
FNSHX
- 1D
- -0.17%
- 1M
- 1.16%
- YTD
- 4.93%
- 6M
- 4.87%
- 1Y
- 10.66%
- 3Y*
- 7.98%
- 5Y*
- 3.24%
- 10Y*
- —
CIHIX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIHIX Cullen International High Dividend Fund | 9.39% | 29.49% | 4.12% | 17.81% | -11.99% | 11.24% | 3.07% | 21.30% | -15.62% | 4.00% |
FNSHX Fidelity Freedom Income Fund Class K | 4.93% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Correlation
The correlation between CIHIX and FNSHX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.62 |
The correlation between CIHIX and FNSHX has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
CIHIX vs. FNSHX — Risk / Return Rank
CIHIX
FNSHX
CIHIX vs. FNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cullen International High Dividend Fund (CIHIX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CIHIX | FNSHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.03 | -0.89 |
| Martin ratioReturn relative to average drawdown | 7.17 | 12.99 | -5.82 |
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Drawdowns
CIHIX vs. FNSHX - Drawdown Comparison
The maximum CIHIX drawdown since its inception was -59.67%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for CIHIX and FNSHX.
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Drawdown Indicators
| CIHIX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.67% | -15.87% | -43.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -3.68% | -6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.57% | -4.89% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -27.10% | -15.87% | -11.23% |
Max Drawdown (10Y)Largest decline over 10 years | -34.18% | — | — |
Current DrawdownCurrent decline from peak | -2.92% | -0.17% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -3.02% | -11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.86% | +2.17% |
Volatility
CIHIX vs. FNSHX - Volatility Comparison
Cullen International High Dividend Fund (CIHIX) has a higher volatility of 2.74% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.23%. This indicates that CIHIX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIHIX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.23% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 4.36% | +5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 5.01% | +6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.26% | 5.43% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 4.87% | +9.49% |
CIHIX vs. FNSHX - Expense Ratio Comparison
CIHIX has a 1.00% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Dividends
CIHIX vs. FNSHX - Dividend Comparison
CIHIX's dividend yield for the trailing twelve months is around 3.74%, more than FNSHX's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIHIX Cullen International High Dividend Fund | 3.74% | 3.18% | 5.22% | 4.04% | 1.16% | 3.01% | 2.22% | 3.54% | 3.13% | 3.35% | 3.09% | 2.93% |
FNSHX Fidelity Freedom Income Fund Class K | 2.97% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIHIX and FNSHX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIHIX has higher volatility (2.74%) compared to FNSHX (2.23%). In terms of maximum drawdown, CIHIX dropped -59.67% vs FNSHX's -15.87%.
FNSHX currently has the higher Sharpe Ratio (2.23 vs 1.87), 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.
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