FDKLX vs. FBALX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Fidelity Balanced Fund (FBALX).
FDKLX is managed by Fidelity. It was launched on Aug 5, 2014. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDKLX or FBALX.
Key characteristics
| FDKLX | FBALX | |
|---|---|---|
| YTD Return | 16.24% | 17.80% |
| 1Y Return | 27.34% | 26.46% |
| 3Y Return (Ann) | 4.19% | 5.04% |
| 5Y Return (Ann) | 8.65% | 11.76% |
| 10Y Return (Ann) | 8.10% | 9.85% |
| Sharpe Ratio | 2.55 | 3.08 |
| Sortino Ratio | 3.54 | 4.36 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 2.40 | 3.01 |
| Martin Ratio | 16.69 | 20.38 |
| Ulcer Index | 1.64% | 1.30% |
| Daily Std Dev | 10.73% | 8.63% |
| Max Drawdown | -32.25% | -42.81% |
| Current Drawdown | -1.00% | -0.29% |
Correlation
The correlation between FDKLX and FBALX is 0.96, 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
FDKLX vs. FBALX - Performance Comparison
In the year-to-date period, FDKLX achieves a 16.24% return, which is significantly lower than FBALX's 17.80% return. Over the past 10 years, FDKLX has underperformed FBALX with an annualized return of 8.10%, while FBALX has yielded a comparatively higher 9.85% 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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FDKLX vs. FBALX - Expense Ratio Comparison
FDKLX has a 0.12% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FDKLX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Fidelity Balanced Fund (FBALX). 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
FDKLX vs. FBALX - Dividend Comparison
FDKLX's dividend yield for the trailing twelve months is around 1.66%, less than FBALX's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDKLX Fidelity Freedom Index 2060 Fund Investor Class | 1.66% | 1.89% | 1.91% | 1.51% | 1.33% | 1.59% | 2.11% | 1.65% | 2.11% | 1.79% | 1.56% | 0.00% |
FBALX Fidelity Balanced Fund | 4.54% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FDKLX vs. FBALX - Drawdown Comparison
The maximum FDKLX drawdown since its inception was -32.25%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FDKLX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FDKLX vs. FBALX - Volatility Comparison
Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) has a higher volatility of 3.02% compared to Fidelity Balanced Fund (FBALX) at 2.58%. This indicates that FDKLX's price experiences larger fluctuations and is considered to be riskier than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.