FDETX vs. FAFFX
Compare and contrast key facts about Fidelity Advisor Capital Development Fund Class O (FDETX) and Fidelity Advisor Freedom 2040 Fund Class A (FAFFX).
FDETX is managed by Fidelity. It was launched on Dec 30, 1985. FAFFX is managed by Fidelity. It was launched on Jul 24, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDETX or FAFFX.
Key characteristics
| FDETX | FAFFX | |
|---|---|---|
| YTD Return | 20.59% | 13.26% |
| 1Y Return | 29.01% | 22.08% |
| 3Y Return (Ann) | 13.52% | 3.77% |
| 5Y Return (Ann) | 15.82% | 9.92% |
| 10Y Return (Ann) | 11.75% | 8.49% |
| Sharpe Ratio | 2.29 | 1.95 |
| Daily Std Dev | 12.43% | 11.15% |
| Max Drawdown | -78.92% | -54.44% |
| Current Drawdown | -0.60% | -0.53% |
Correlation
The correlation between FDETX and FAFFX is 0.92, 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
FDETX vs. FAFFX - Performance Comparison
In the year-to-date period, FDETX achieves a 20.59% return, which is significantly higher than FAFFX's 13.26% return. Over the past 10 years, FDETX has outperformed FAFFX with an annualized return of 11.75%, while FAFFX has yielded a comparatively lower 8.49% 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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FDETX vs. FAFFX - Expense Ratio Comparison
FDETX has a 0.56% expense ratio, which is lower than FAFFX's 1.00% expense ratio.
Risk-Adjusted Performance
FDETX vs. FAFFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Capital Development Fund Class O (FDETX) and Fidelity Advisor Freedom 2040 Fund Class A (FAFFX). 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
FDETX vs. FAFFX - Dividend Comparison
FDETX's dividend yield for the trailing twelve months is around 3.64%, more than FAFFX's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDETX Fidelity Advisor Capital Development Fund Class O | 3.64% | 4.39% | 5.66% | 5.63% | 4.47% | 7.46% | 15.81% | 6.79% | 2.92% | 1.62% | 18.79% | 0.62% |
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | 1.44% | 1.16% | 10.83% | 9.81% | 5.79% | 6.93% | 11.85% | 5.16% | 4.77% | 5.40% | 8.36% | 8.00% |
Drawdowns
FDETX vs. FAFFX - Drawdown Comparison
The maximum FDETX drawdown since its inception was -78.92%, which is greater than FAFFX's maximum drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for FDETX and FAFFX. For additional features, visit the drawdowns tool.
Volatility
FDETX vs. FAFFX - Volatility Comparison
Fidelity Advisor Capital Development Fund Class O (FDETX) has a higher volatility of 4.20% compared to Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) at 3.47%. This indicates that FDETX's price experiences larger fluctuations and is considered to be riskier than FAFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.