Correlation
The correlation between FDEEX and AAMTX is 0.93, 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.
FDEEX vs. AAMTX
Compare and contrast key facts about Fidelity Freedom 2055 Fund (FDEEX) and American Funds 2055 Target Date Retirement Fund (AAMTX).
FDEEX is managed by Fidelity. It was launched on Jun 1, 2011. AAMTX is managed by American Funds. It was launched on Jan 31, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEEX or AAMTX.
Performance
FDEEX vs. AAMTX - Performance Comparison
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Key characteristics
FDEEX:
0.63
AAMTX:
0.65
FDEEX:
0.90
AAMTX:
0.90
FDEEX:
1.12
AAMTX:
1.13
FDEEX:
0.61
AAMTX:
0.60
FDEEX:
2.59
AAMTX:
2.48
FDEEX:
3.62%
AAMTX:
3.72%
FDEEX:
16.66%
AAMTX:
16.09%
FDEEX:
-31.00%
AAMTX:
-29.32%
FDEEX:
-1.33%
AAMTX:
-1.75%
Returns By Period
In the year-to-date period, FDEEX achieves a 5.36% return, which is significantly higher than AAMTX's 3.45% return. Both investments have delivered pretty close results over the past 10 years, with FDEEX having a 8.84% annualized return and AAMTX not far ahead at 9.08%.
FDEEX
5.36%
5.90%
3.04%
9.49%
12.12%
13.03%
8.84%
AAMTX
3.45%
5.88%
2.21%
9.74%
12.34%
11.65%
9.08%
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FDEEX vs. AAMTX - Expense Ratio Comparison
FDEEX has a 0.75% expense ratio, which is higher than AAMTX's 0.33% expense ratio.
Risk-Adjusted Performance
FDEEX vs. AAMTX — Risk-Adjusted Performance Rank
FDEEX
AAMTX
FDEEX vs. AAMTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2055 Fund (FDEEX) and American Funds 2055 Target Date Retirement Fund (AAMTX). 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.
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Dividends
FDEEX vs. AAMTX - Dividend Comparison
FDEEX's dividend yield for the trailing twelve months is around 3.86%, more than AAMTX's 3.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEEX Fidelity Freedom 2055 Fund | 3.86% | 1.73% | 1.91% | 11.37% | 11.20% | 4.20% | 6.23% | 6.68% | 3.59% | 3.52% | 4.99% | 4.94% |
AAMTX American Funds 2055 Target Date Retirement Fund | 3.11% | 3.22% | 2.22% | 6.92% | 4.15% | 2.98% | 3.92% | 4.46% | 2.18% | 3.19% | 4.06% | 3.25% |
Drawdowns
FDEEX vs. AAMTX - Drawdown Comparison
The maximum FDEEX drawdown since its inception was -31.00%, which is greater than AAMTX's maximum drawdown of -29.32%. Use the drawdown chart below to compare losses from any high point for FDEEX and AAMTX.
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Volatility
FDEEX vs. AAMTX - Volatility Comparison
The current volatility for Fidelity Freedom 2055 Fund (FDEEX) is 3.00%, while American Funds 2055 Target Date Retirement Fund (AAMTX) has a volatility of 3.38%. This indicates that FDEEX experiences smaller price fluctuations and is considered to be less risky than AAMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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