FBIFX vs. FFFFX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Freedom 2040 Fund (FFFFX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. FFFFX is managed by Fidelity. It was launched on Sep 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIFX or FFFFX.
Performance
FBIFX vs. FFFFX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FBIFX having a 14.74% return and FFFFX slightly lower at 14.68%. Over the past 10 years, FBIFX has outperformed FFFFX with an annualized return of 6.75%, while FFFFX has yielded a comparatively lower 4.28% annualized return.
FBIFX
14.74%
-0.12%
7.51%
21.44%
5.92%
6.75%
FFFFX
14.68%
-0.41%
6.37%
21.51%
4.53%
4.28%
Key characteristics
| FBIFX | FFFFX | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.03 |
| Sortino Ratio | 3.04 | 2.86 |
| Omega Ratio | 1.40 | 1.37 |
| Calmar Ratio | 2.47 | 1.01 |
| Martin Ratio | 13.79 | 12.66 |
| Ulcer Index | 1.58% | 1.72% |
| Daily Std Dev | 9.95% | 10.70% |
| Max Drawdown | -38.83% | -53.24% |
| Current Drawdown | -1.36% | -4.63% |
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FBIFX vs. FFFFX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is lower than FFFFX's 0.75% expense ratio.
Correlation
The correlation between FBIFX and FFFFX is 0.98, 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.
Risk-Adjusted Performance
FBIFX vs. FFFFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Freedom 2040 Fund (FFFFX). 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.
Dividends
FBIFX vs. FFFFX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 1.78%, more than FFFFX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.78% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% | 0.13% |
FFFFX Fidelity Freedom 2040 Fund | 1.15% | 1.32% | 2.11% | 2.27% | 1.06% | 1.50% | 1.68% | 1.12% | 1.44% | 4.38% | 9.27% | 6.23% |
Drawdowns
FBIFX vs. FFFFX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -38.83%, smaller than the maximum FFFFX drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for FBIFX and FFFFX. For additional features, visit the drawdowns tool.
Volatility
FBIFX vs. FFFFX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 2.66%, while Fidelity Freedom 2040 Fund (FFFFX) has a volatility of 2.87%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.