FBIFX vs. IVV
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and iShares Core S&P 500 ETF (IVV).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIFX or IVV.
Performance
FBIFX vs. IVV - Performance Comparison
Returns By Period
In the year-to-date period, FBIFX achieves a 15.19% return, which is significantly lower than IVV's 26.56% return. Over the past 10 years, FBIFX has underperformed IVV with an annualized return of 6.79%, while IVV has yielded a comparatively higher 13.20% annualized return.
FBIFX
15.19%
1.03%
7.30%
21.92%
5.99%
6.79%
IVV
26.56%
3.04%
13.24%
32.78%
15.74%
13.20%
Key characteristics
| FBIFX | IVV | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.70 |
| Sortino Ratio | 3.06 | 3.60 |
| Omega Ratio | 1.40 | 1.50 |
| Calmar Ratio | 2.52 | 3.90 |
| Martin Ratio | 13.90 | 17.52 |
| Ulcer Index | 1.58% | 1.87% |
| Daily Std Dev | 9.96% | 12.16% |
| Max Drawdown | -38.83% | -55.25% |
| Current Drawdown | -0.97% | -0.52% |
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FBIFX vs. IVV - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FBIFX and IVV is 0.95, 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. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and iShares Core S&P 500 ETF (IVV). 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. IVV - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 1.78%, more than IVV's 1.24% 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% |
IVV iShares Core S&P 500 ETF | 1.24% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
FBIFX vs. IVV - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -38.83%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FBIFX and IVV. For additional features, visit the drawdowns tool.
Volatility
FBIFX vs. IVV - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 2.67%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.98%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.