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.
Key characteristics
| FBIFX | IVV | |
|---|---|---|
| YTD Return | 14.25% | 25.60% |
| 1Y Return | 25.37% | 37.26% |
| 3Y Return (Ann) | 3.41% | 9.74% |
| 5Y Return (Ann) | 5.90% | 15.74% |
| 10Y Return (Ann) | 6.89% | 13.32% |
| Sharpe Ratio | 2.52 | 3.06 |
| Sortino Ratio | 3.54 | 4.09 |
| Omega Ratio | 1.47 | 1.57 |
| Calmar Ratio | 2.02 | 4.47 |
| Martin Ratio | 16.42 | 20.26 |
| Ulcer Index | 1.55% | 1.86% |
| Daily Std Dev | 10.08% | 12.29% |
| Max Drawdown | -38.83% | -55.25% |
| Current Drawdown | -1.40% | 0.00% |
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.
Performance
FBIFX vs. IVV - Performance Comparison
In the year-to-date period, FBIFX achieves a 14.25% return, which is significantly lower than IVV's 25.60% return. Over the past 10 years, FBIFX has underperformed IVV with an annualized return of 6.89%, while IVV has yielded a comparatively higher 13.32% 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. 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%.
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 1.79%, more than IVV's 1.25% 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% |
IVV iShares Core S&P 500 ETF | 1.25% | 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 2.42%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.94%. 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.