FBIFX vs. FHARX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Freedom Blend 2040 Fund (FHARX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. FHARX is managed by Fidelity. It was launched on Aug 31, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIFX or FHARX.
Key characteristics
| FBIFX | FHARX | |
|---|---|---|
| YTD Return | 16.14% | 16.32% |
| 1Y Return | 28.25% | 28.55% |
| 3Y Return (Ann) | 3.97% | 0.99% |
| 5Y Return (Ann) | 6.23% | 6.75% |
| Sharpe Ratio | 2.71 | 2.58 |
| Sortino Ratio | 3.78 | 3.62 |
| Omega Ratio | 1.50 | 1.47 |
| Calmar Ratio | 2.18 | 1.39 |
| Martin Ratio | 17.72 | 16.65 |
| Ulcer Index | 1.55% | 1.67% |
| Daily Std Dev | 10.15% | 10.79% |
| Max Drawdown | -38.83% | -32.57% |
| Current Drawdown | -0.15% | -0.31% |
Correlation
The correlation between FBIFX and FHARX is 0.99, 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. FHARX - Performance Comparison
The year-to-date returns for both investments are quite close, with FBIFX having a 16.14% return and FHARX slightly higher at 16.32%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBIFX vs. FHARX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is lower than FHARX's 0.49% expense ratio.
Risk-Adjusted Performance
FBIFX vs. FHARX - 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 Blend 2040 Fund (FHARX). 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. FHARX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 1.76%, more than FHARX's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.76% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% | 0.13% |
FHARX Fidelity Freedom Blend 2040 Fund | 1.45% | 1.67% | 2.38% | 2.49% | 1.18% | 1.74% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBIFX vs. FHARX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -38.83%, which is greater than FHARX's maximum drawdown of -32.57%. Use the drawdown chart below to compare losses from any high point for FBIFX and FHARX. For additional features, visit the drawdowns tool.
Volatility
FBIFX vs. FHARX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 2.73%, while Fidelity Freedom Blend 2040 Fund (FHARX) has a volatility of 2.93%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than FHARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.