PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FBIFX vs. VFORX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FBIFXVFORX
YTD Return16.14%15.04%
1Y Return28.25%26.49%
3Y Return (Ann)3.97%3.99%
5Y Return (Ann)6.23%9.21%
10Y Return (Ann)7.01%8.34%
Sharpe Ratio2.712.60
Sortino Ratio3.783.68
Omega Ratio1.501.49
Calmar Ratio2.182.29
Martin Ratio17.7216.57
Ulcer Index1.55%1.55%
Daily Std Dev10.15%9.88%
Max Drawdown-38.83%-51.63%
Current Drawdown-0.15%-0.11%

Correlation

-0.50.00.51.01.0

The correlation between FBIFX and VFORX 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. VFORX - Performance Comparison

In the year-to-date period, FBIFX achieves a 16.14% return, which is significantly higher than VFORX's 15.04% return. Over the past 10 years, FBIFX has underperformed VFORX with an annualized return of 7.01%, while VFORX has yielded a comparatively higher 8.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


200.00%220.00%240.00%260.00%280.00%JuneJulyAugustSeptemberOctoberNovember
227.24%
280.91%
FBIFX
VFORX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FBIFX vs. VFORX - Expense Ratio Comparison

FBIFX has a 0.12% expense ratio, which is higher than VFORX's 0.08% 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%.


FBIFX
Fidelity Freedom Index 2040 Fund Investor Class
Expense ratio chart for FBIFX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for VFORX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FBIFX vs. VFORX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Vanguard Target Retirement 2040 Fund (VFORX). 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.


FBIFX
Sharpe ratio
The chart of Sharpe ratio for FBIFX, currently valued at 2.71, compared to the broader market0.002.004.002.71
Sortino ratio
The chart of Sortino ratio for FBIFX, currently valued at 3.78, compared to the broader market0.005.0010.003.78
Omega ratio
The chart of Omega ratio for FBIFX, currently valued at 1.50, compared to the broader market1.002.003.004.001.50
Calmar ratio
The chart of Calmar ratio for FBIFX, currently valued at 2.18, compared to the broader market0.005.0010.0015.0020.0025.002.18
Martin ratio
The chart of Martin ratio for FBIFX, currently valued at 17.72, compared to the broader market0.0020.0040.0060.0080.00100.0017.72
VFORX
Sharpe ratio
The chart of Sharpe ratio for VFORX, currently valued at 2.60, compared to the broader market0.002.004.002.60
Sortino ratio
The chart of Sortino ratio for VFORX, currently valued at 3.68, compared to the broader market0.005.0010.003.68
Omega ratio
The chart of Omega ratio for VFORX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for VFORX, currently valued at 2.29, compared to the broader market0.005.0010.0015.0020.0025.002.29
Martin ratio
The chart of Martin ratio for VFORX, currently valued at 16.57, compared to the broader market0.0020.0040.0060.0080.00100.0016.57

FBIFX vs. VFORX - Sharpe Ratio Comparison

The current FBIFX Sharpe Ratio is 2.71, which is comparable to the VFORX Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of FBIFX and VFORX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.71
2.60
FBIFX
VFORX

Dividends

FBIFX vs. VFORX - Dividend Comparison

FBIFX's dividend yield for the trailing twelve months is around 1.76%, less than VFORX's 2.07% yield.


TTM20232022202120202019201820172016201520142013
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%
VFORX
Vanguard Target Retirement 2040 Fund
2.07%2.38%2.10%2.39%1.62%2.28%2.41%1.91%1.98%2.16%1.93%1.77%

Drawdowns

FBIFX vs. VFORX - Drawdown Comparison

The maximum FBIFX drawdown since its inception was -38.83%, smaller than the maximum VFORX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for FBIFX and VFORX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.15%
-0.11%
FBIFX
VFORX

Volatility

FBIFX vs. VFORX - Volatility Comparison

Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a higher volatility of 2.73% compared to Vanguard Target Retirement 2040 Fund (VFORX) at 2.50%. This indicates that FBIFX's price experiences larger fluctuations and is considered to be riskier than VFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.73%
2.50%
FBIFX
VFORX