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.
Key characteristics
| FDEWX | VOO | |
|---|---|---|
| YTD Return | 13.30% | 19.06% |
| 1Y Return | 21.57% | 26.65% |
| 3Y Return (Ann) | 4.74% | 9.85% |
| 5Y Return (Ann) | 10.00% | 15.18% |
| 10Y Return (Ann) | 8.61% | 12.95% |
| Sharpe Ratio | 1.92 | 2.18 |
| Daily Std Dev | 11.31% | 12.72% |
| Max Drawdown | -30.69% | -33.99% |
| Current Drawdown | -0.51% | -0.48% |
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
In the year-to-date period, FDEWX achieves a 13.30% return, which is significantly lower than VOO's 19.06% return. Over the past 10 years, FDEWX has underperformed VOO with an annualized return of 8.61%, while VOO has yielded a comparatively higher 12.95% 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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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 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 1.73%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.73% | 1.92% | 2.24% | 1.89% | 1.85% | 10.83% | 2.39% | 1.93% | 2.42% | 2.31% | 1.89% | 1.46% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FDEWX vs. VOO - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -30.69%, smaller than 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 3.78%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.25%. 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.