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FAFFX vs. FDETX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FAFFXFDETX
YTD Return15.29%29.55%
1Y Return26.72%42.50%
3Y Return (Ann)-0.89%13.46%
5Y Return (Ann)4.51%15.95%
10Y Return (Ann)3.73%12.56%
Sharpe Ratio2.463.48
Sortino Ratio3.434.66
Omega Ratio1.461.66
Calmar Ratio1.125.17
Martin Ratio16.2426.18
Ulcer Index1.65%1.62%
Daily Std Dev10.84%12.17%
Max Drawdown-54.44%-78.92%
Current Drawdown-3.01%0.00%

Correlation

-0.50.00.51.00.9

The correlation between FAFFX and FDETX is 0.92, 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

FAFFX vs. FDETX - Performance Comparison

In the year-to-date period, FAFFX achieves a 15.29% return, which is significantly lower than FDETX's 29.55% return. Over the past 10 years, FAFFX has underperformed FDETX with an annualized return of 3.73%, while FDETX has yielded a comparatively higher 12.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
7.93%
14.55%
FAFFX
FDETX

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FAFFX vs. FDETX - Expense Ratio Comparison

FAFFX has a 1.00% expense ratio, which is higher than FDETX's 0.56% expense ratio.


FAFFX
Fidelity Advisor Freedom 2040 Fund Class A
Expense ratio chart for FAFFX: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%
Expense ratio chart for FDETX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%

Risk-Adjusted Performance

FAFFX vs. FDETX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Fidelity Advisor Capital Development Fund Class O (FDETX). 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.


FAFFX
Sharpe ratio
The chart of Sharpe ratio for FAFFX, currently valued at 2.46, compared to the broader market0.002.004.002.46
Sortino ratio
The chart of Sortino ratio for FAFFX, currently valued at 3.43, compared to the broader market0.005.0010.003.43
Omega ratio
The chart of Omega ratio for FAFFX, currently valued at 1.46, compared to the broader market1.002.003.004.001.46
Calmar ratio
The chart of Calmar ratio for FAFFX, currently valued at 1.12, compared to the broader market0.005.0010.0015.0020.001.12
Martin ratio
The chart of Martin ratio for FAFFX, currently valued at 16.24, compared to the broader market0.0020.0040.0060.0080.00100.0016.24
FDETX
Sharpe ratio
The chart of Sharpe ratio for FDETX, currently valued at 3.48, compared to the broader market0.002.004.003.48
Sortino ratio
The chart of Sortino ratio for FDETX, currently valued at 4.66, compared to the broader market0.005.0010.004.66
Omega ratio
The chart of Omega ratio for FDETX, currently valued at 1.66, compared to the broader market1.002.003.004.001.66
Calmar ratio
The chart of Calmar ratio for FDETX, currently valued at 5.17, compared to the broader market0.005.0010.0015.0020.005.17
Martin ratio
The chart of Martin ratio for FDETX, currently valued at 26.18, compared to the broader market0.0020.0040.0060.0080.00100.0026.18

FAFFX vs. FDETX - Sharpe Ratio Comparison

The current FAFFX Sharpe Ratio is 2.46, which is comparable to the FDETX Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of FAFFX and FDETX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.46
3.48
FAFFX
FDETX

Dividends

FAFFX vs. FDETX - Dividend Comparison

FAFFX's dividend yield for the trailing twelve months is around 0.97%, less than FDETX's 0.98% yield.


TTM20232022202120202019201820172016201520142013
FAFFX
Fidelity Advisor Freedom 2040 Fund Class A
0.97%1.12%1.77%1.92%0.67%1.12%1.75%0.95%1.26%3.97%8.36%8.00%
FDETX
Fidelity Advisor Capital Development Fund Class O
0.98%1.27%1.53%1.93%1.69%1.96%2.12%1.45%1.42%1.62%18.79%0.62%

Drawdowns

FAFFX vs. FDETX - Drawdown Comparison

The maximum FAFFX drawdown since its inception was -54.44%, smaller than the maximum FDETX drawdown of -78.92%. Use the drawdown chart below to compare losses from any high point for FAFFX and FDETX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.01%
0
FAFFX
FDETX

Volatility

FAFFX vs. FDETX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) is 2.72%, while Fidelity Advisor Capital Development Fund Class O (FDETX) has a volatility of 4.02%. This indicates that FAFFX experiences smaller price fluctuations and is considered to be less risky than FDETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.72%
4.02%
FAFFX
FDETX