FDEWX vs. VOO
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and Vanguard S&P 500 ETF (VOO).
FDEWX is managed by Fidelity. It was launched on Jun 1, 2011. 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: FDEWX or VOO.
Correlation
The correlation between FDEWX 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
FDEWX vs. VOO - Performance Comparison
Key characteristics
FDEWX:
1.76
VOO:
2.21
FDEWX:
2.40
VOO:
2.93
FDEWX:
1.32
VOO:
1.41
FDEWX:
2.76
VOO:
3.35
FDEWX:
9.93
VOO:
14.09
FDEWX:
1.93%
VOO:
2.01%
FDEWX:
10.90%
VOO:
12.78%
FDEWX:
-34.73%
VOO:
-33.99%
FDEWX:
-1.28%
VOO:
-0.46%
Returns By Period
In the year-to-date period, FDEWX achieves a 2.76% return, which is significantly lower than VOO's 2.90% return. Over the past 10 years, FDEWX has underperformed VOO with an annualized return of 7.83%, while VOO has yielded a comparatively higher 13.46% annualized return.
FDEWX
2.76%
2.33%
5.42%
17.84%
8.59%
7.83%
VOO
2.90%
2.05%
9.63%
26.44%
14.54%
13.46%
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FDEWX vs. VOO - Expense Ratio Comparison
FDEWX 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
FDEWX vs. VOO — Risk-Adjusted Performance Rank
FDEWX
VOO
FDEWX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) 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
FDEWX vs. VOO - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.92%, more than VOO's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.92% | 1.97% | 1.92% | 1.94% | 1.51% | 1.35% | 1.69% | 2.15% | 1.69% | 2.26% | 2.33% | 3.78% |
VOO Vanguard S&P 500 ETF | 1.21% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FDEWX vs. VOO - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -34.73%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FDEWX and VOO. For additional features, visit the drawdowns tool.
Volatility
FDEWX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) is 4.26%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.12%. This indicates that FDEWX 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.