FBIFX vs. FPURX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Puritan Fund (FPURX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. FPURX is managed by Fidelity. It was launched on Apr 16, 1947.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIFX or FPURX.
Key characteristics
| FBIFX | FPURX | |
|---|---|---|
| YTD Return | 14.25% | 17.35% |
| 1Y Return | 25.37% | 26.67% |
| 3Y Return (Ann) | 3.41% | 5.19% |
| 5Y Return (Ann) | 5.90% | 11.77% |
| 10Y Return (Ann) | 6.89% | 9.72% |
| Sharpe Ratio | 2.52 | 2.72 |
| Sortino Ratio | 3.54 | 3.78 |
| Omega Ratio | 1.47 | 1.51 |
| Calmar Ratio | 2.02 | 3.01 |
| Martin Ratio | 16.42 | 16.21 |
| Ulcer Index | 1.55% | 1.67% |
| Daily Std Dev | 10.08% | 9.99% |
| Max Drawdown | -38.83% | -30.70% |
| Current Drawdown | -1.40% | -1.11% |
Correlation
The correlation between FBIFX and FPURX is 0.94, 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. FPURX - Performance Comparison
In the year-to-date period, FBIFX achieves a 14.25% return, which is significantly lower than FPURX's 17.35% return. Over the past 10 years, FBIFX has underperformed FPURX with an annualized return of 6.89%, while FPURX has yielded a comparatively higher 9.72% annualized return. 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. FPURX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is lower than FPURX's 0.50% expense ratio.
Risk-Adjusted Performance
FBIFX vs. FPURX - 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 Puritan Fund (FPURX). 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. FPURX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 1.79%, less than FPURX's 10.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.79% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% | 0.13% |
FPURX Fidelity Puritan Fund | 10.24% | 5.34% | 9.38% | 13.10% | 5.10% | 4.29% | 15.26% | 4.18% | 3.71% | 7.94% | 9.74% | 10.25% |
Drawdowns
FBIFX vs. FPURX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -38.83%, which is greater than FPURX's maximum drawdown of -30.70%. Use the drawdown chart below to compare losses from any high point for FBIFX and FPURX. For additional features, visit the drawdowns tool.
Volatility
FBIFX vs. FPURX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Puritan Fund (FPURX) have volatilities of 2.43% and 2.44%, 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.