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.
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
Key characteristics
FBIFX:
1.70
IVV:
2.12
FBIFX:
2.34
IVV:
2.82
FBIFX:
1.31
IVV:
1.39
FBIFX:
2.77
IVV:
3.22
FBIFX:
9.45
IVV:
13.44
FBIFX:
1.85%
IVV:
2.02%
FBIFX:
10.26%
IVV:
12.78%
FBIFX:
-38.83%
IVV:
-55.25%
FBIFX:
-0.72%
IVV:
-0.30%
Returns By Period
In the year-to-date period, FBIFX achieves a 3.29% return, which is significantly lower than IVV's 3.77% return. Over the past 10 years, FBIFX has underperformed IVV with an annualized return of 7.23%, while IVV has yielded a comparatively higher 13.82% annualized return.
FBIFX
3.29%
1.65%
6.80%
16.60%
8.82%
7.23%
IVV
3.77%
1.13%
12.43%
26.42%
15.30%
13.82%
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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 Rank
FBIFX
IVV
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 2.02%, more than IVV's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.02% | 2.09% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.06% | 6.53% |
IVV iShares Core S&P 500 ETF | 1.25% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
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 3.02%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.99%. 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.