FDEWX vs. FCTKX
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and Fidelity Freedom 2055 Fund Class K6 (FCTKX).
FDEWX is managed by Fidelity. It was launched on Jun 1, 2011. FCTKX is managed by Fidelity. It was launched on Jun 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEWX or FCTKX.
Performance
FDEWX vs. FCTKX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FDEWX having a 15.03% return and FCTKX slightly higher at 15.52%.
FDEWX
15.03%
-1.48%
6.04%
22.62%
7.50%
7.53%
FCTKX
15.52%
-1.93%
5.09%
23.13%
5.60%
N/A
Key characteristics
| FDEWX | FCTKX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.10 |
| Sortino Ratio | 3.03 | 2.93 |
| Omega Ratio | 1.40 | 1.38 |
| Calmar Ratio | 2.59 | 1.16 |
| Martin Ratio | 13.97 | 13.34 |
| Ulcer Index | 1.66% | 1.79% |
| Daily Std Dev | 10.59% | 11.35% |
| Max Drawdown | -34.73% | -35.02% |
| Current Drawdown | -2.01% | -2.51% |
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FDEWX vs. FCTKX - Expense Ratio Comparison
FDEWX has a 0.12% expense ratio, which is lower than FCTKX's 0.50% expense ratio.
Correlation
The correlation between FDEWX and FCTKX is 0.98, 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.
Risk-Adjusted Performance
FDEWX vs. FCTKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and Fidelity Freedom 2055 Fund Class K6 (FCTKX). 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
FDEWX vs. FCTKX - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.70%, more than FCTKX's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.70% | 1.92% | 1.94% | 1.51% | 1.35% | 1.69% | 2.15% | 1.69% | 2.26% | 2.29% | 1.89% | 1.46% |
FCTKX Fidelity Freedom 2055 Fund Class K6 | 1.33% | 1.53% | 2.32% | 2.48% | 1.20% | 1.69% | 1.98% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDEWX vs. FCTKX - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -34.73%, roughly equal to the maximum FCTKX drawdown of -35.02%. Use the drawdown chart below to compare losses from any high point for FDEWX and FCTKX. For additional features, visit the drawdowns tool.
Volatility
FDEWX vs. FCTKX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) is 2.98%, while Fidelity Freedom 2055 Fund Class K6 (FCTKX) has a volatility of 3.21%. This indicates that FDEWX experiences smaller price fluctuations and is considered to be less risky than FCTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.