FBIFX vs. VOO
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Vanguard S&P 500 ETF (VOO).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIFX or VOO.
Correlation
The correlation between FBIFX and VOO 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. VOO - Performance Comparison
Key characteristics
FBIFX:
0.28
VOO:
0.33
FBIFX:
0.49
VOO:
0.60
FBIFX:
1.07
VOO:
1.09
FBIFX:
0.29
VOO:
0.33
FBIFX:
1.50
VOO:
1.63
FBIFX:
2.60%
VOO:
3.74%
FBIFX:
13.98%
VOO:
18.30%
FBIFX:
-38.83%
VOO:
-33.99%
FBIFX:
-7.73%
VOO:
-11.15%
Returns By Period
In the year-to-date period, FBIFX achieves a -3.12% return, which is significantly higher than VOO's -7.05% return. Over the past 10 years, FBIFX has underperformed VOO with an annualized return of 5.96%, while VOO has yielded a comparatively higher 11.98% annualized return.
FBIFX
-3.12%
-3.20%
-4.58%
3.64%
10.80%
5.96%
VOO
-7.05%
-2.85%
-5.28%
5.98%
16.13%
11.98%
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FBIFX vs. VOO - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is higher than VOO'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. VOO — Risk-Adjusted Performance Rank
FBIFX
VOO
FBIFX vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.16%, more than VOO's 1.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.16% | 2.09% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% |
VOO Vanguard S&P 500 ETF | 1.40% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FBIFX vs. VOO - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -38.83%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FBIFX and VOO. For additional features, visit the drawdowns tool.
Volatility
FBIFX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 9.51%, while Vanguard S&P 500 ETF (VOO) has a volatility of 12.91%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.