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.
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.
Performance
FBIFX vs. FFFFX - Performance Comparison
Key characteristics
FBIFX:
1.56
FFFFX:
1.42
FBIFX:
2.16
FFFFX:
2.00
FBIFX:
1.28
FFFFX:
1.26
FBIFX:
2.51
FFFFX:
0.83
FBIFX:
9.66
FFFFX:
8.58
FBIFX:
1.63%
FFFFX:
1.79%
FBIFX:
10.13%
FFFFX:
10.86%
FBIFX:
-38.83%
FFFFX:
-53.24%
FBIFX:
-3.40%
FFFFX:
-5.82%
Returns By Period
The year-to-date returns for both stocks are quite close, with FBIFX having a 13.75% return and FFFFX slightly lower at 13.25%. Over the past 10 years, FBIFX has outperformed FFFFX with an annualized return of 6.72%, while FFFFX has yielded a comparatively lower 4.23% annualized return.
FBIFX
13.75%
-0.51%
4.90%
14.66%
5.04%
6.72%
FFFFX
13.25%
-0.83%
3.76%
14.19%
3.50%
4.23%
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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.
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 1.80%, more than FFFFX's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.80% | 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 | 1.16% | 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
Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Freedom 2040 Fund (FFFFX) have volatilities of 3.06% and 3.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.