Correlation
The correlation between FDIFX and FTEC is 0.88, 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.
FDIFX vs. FTEC
Compare and contrast key facts about Fidelity Advisor Freedom 2020 Fund Class I (FDIFX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FDIFX is managed by Fidelity. It was launched on Jul 24, 2003. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIFX or FTEC.
Performance
FDIFX vs. FTEC - Performance Comparison
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Key characteristics
FDIFX:
1.04
FTEC:
0.46
FDIFX:
1.37
FTEC:
0.70
FDIFX:
1.18
FTEC:
1.09
FDIFX:
1.16
FTEC:
0.39
FDIFX:
4.68
FTEC:
1.27
FDIFX:
1.77%
FTEC:
8.45%
FDIFX:
8.79%
FTEC:
30.53%
FDIFX:
-47.10%
FTEC:
-34.95%
FDIFX:
-0.00%
FTEC:
-6.17%
Returns By Period
In the year-to-date period, FDIFX achieves a 5.04% return, which is significantly higher than FTEC's -2.27% return. Over the past 10 years, FDIFX has underperformed FTEC with an annualized return of 5.75%, while FTEC has yielded a comparatively higher 19.54% annualized return.
FDIFX
5.04%
2.48%
2.30%
9.12%
5.95%
6.39%
5.75%
FTEC
-2.27%
10.42%
-2.37%
14.02%
19.98%
19.45%
19.54%
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FDIFX vs. FTEC - Expense Ratio Comparison
FDIFX has a 0.58% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FDIFX vs. FTEC — Risk-Adjusted Performance Rank
FDIFX
FTEC
FDIFX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2020 Fund Class I (FDIFX) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
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Dividends
FDIFX vs. FTEC - Dividend Comparison
FDIFX's dividend yield for the trailing twelve months is around 5.72%, more than FTEC's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIFX Fidelity Advisor Freedom 2020 Fund Class I | 5.72% | 4.02% | 2.25% | 8.95% | 10.81% | 7.15% | 6.84% | 9.77% | 6.08% | 4.56% | 5.28% | 6.80% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.50% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
FDIFX vs. FTEC - Drawdown Comparison
The maximum FDIFX drawdown since its inception was -47.10%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FDIFX and FTEC.
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Volatility
FDIFX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Advisor Freedom 2020 Fund Class I (FDIFX) is 1.81%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.73%. This indicates that FDIFX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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