FDEWX vs. FZROX
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and Fidelity ZERO Total Market Index Fund (FZROX).
FDEWX is managed by Fidelity. It was launched on Jun 1, 2011. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEWX or FZROX.
Performance
FDEWX vs. FZROX - Performance Comparison
Returns By Period
In the year-to-date period, FDEWX achieves a 15.03% return, which is significantly lower than FZROX's 24.25% return.
FDEWX
15.03%
-1.48%
6.04%
22.62%
7.50%
7.53%
FZROX
24.25%
0.93%
11.74%
32.66%
14.95%
N/A
Key characteristics
| FDEWX | FZROX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.62 |
| Sortino Ratio | 3.03 | 3.50 |
| Omega Ratio | 1.40 | 1.48 |
| Calmar Ratio | 2.59 | 3.85 |
| Martin Ratio | 13.97 | 16.77 |
| Ulcer Index | 1.66% | 1.97% |
| Daily Std Dev | 10.59% | 12.61% |
| Max Drawdown | -34.73% | -34.96% |
| Current Drawdown | -2.01% | -1.99% |
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FDEWX vs. FZROX - Expense Ratio Comparison
FDEWX has a 0.12% expense ratio, which is higher than FZROX's 0.00% 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%.
Correlation
The correlation between FDEWX and FZROX is 0.97, 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. FZROX - 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 ZERO Total Market Index Fund (FZROX). 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. FZROX - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.70%, more than FZROX's 1.09% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.09% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDEWX vs. FZROX - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -34.73%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FDEWX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FDEWX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) is 2.98%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.26%. This indicates that FDEWX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.