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FDKLX vs. FDKVX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FDKLXFDKVX
YTD Return16.24%16.38%
1Y Return27.34%27.65%
3Y Return (Ann)4.19%-0.20%
5Y Return (Ann)8.65%6.08%
10Y Return (Ann)8.10%5.62%
Sharpe Ratio2.552.40
Sortino Ratio3.543.35
Omega Ratio1.471.44
Calmar Ratio2.401.24
Martin Ratio16.6915.59
Ulcer Index1.64%1.77%
Daily Std Dev10.73%11.52%
Max Drawdown-32.25%-34.53%
Current Drawdown-1.00%-1.24%

Correlation

-0.50.00.51.01.0

The correlation between FDKLX and FDKVX is 0.98, 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. FDKVX - Performance Comparison

The year-to-date returns for both investments are quite close, with FDKLX having a 16.24% return and FDKVX slightly higher at 16.38%. Over the past 10 years, FDKLX has outperformed FDKVX with an annualized return of 8.10%, while FDKVX has yielded a comparatively lower 5.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.30%
7.54%
FDKLX
FDKVX

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FDKLX vs. FDKVX - Expense Ratio Comparison

FDKLX has a 0.12% expense ratio, which is lower than FDKVX's 0.75% expense ratio.


FDKVX
Fidelity Freedom 2060 Fund
Expense ratio chart for FDKVX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for FDKLX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%

Risk-Adjusted Performance

FDKLX vs. FDKVX - 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 Freedom 2060 Fund (FDKVX). 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.


FDKLX
Sharpe ratio
The chart of Sharpe ratio for FDKLX, currently valued at 2.55, compared to the broader market0.002.004.002.55
Sortino ratio
The chart of Sortino ratio for FDKLX, currently valued at 3.54, compared to the broader market0.005.0010.003.54
Omega ratio
The chart of Omega ratio for FDKLX, currently valued at 1.47, compared to the broader market1.002.003.004.001.47
Calmar ratio
The chart of Calmar ratio for FDKLX, currently valued at 2.40, compared to the broader market0.005.0010.0015.0020.0025.002.40
Martin ratio
The chart of Martin ratio for FDKLX, currently valued at 16.69, compared to the broader market0.0020.0040.0060.0080.00100.0016.69
FDKVX
Sharpe ratio
The chart of Sharpe ratio for FDKVX, currently valued at 2.40, compared to the broader market0.002.004.002.40
Sortino ratio
The chart of Sortino ratio for FDKVX, currently valued at 3.35, compared to the broader market0.005.0010.003.35
Omega ratio
The chart of Omega ratio for FDKVX, currently valued at 1.44, compared to the broader market1.002.003.004.001.44
Calmar ratio
The chart of Calmar ratio for FDKVX, currently valued at 1.24, compared to the broader market0.005.0010.0015.0020.0025.001.24
Martin ratio
The chart of Martin ratio for FDKVX, currently valued at 15.59, compared to the broader market0.0020.0040.0060.0080.00100.0015.59

FDKLX vs. FDKVX - Sharpe Ratio Comparison

The current FDKLX Sharpe Ratio is 2.55, which is comparable to the FDKVX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of FDKLX and FDKVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.55
2.40
FDKLX
FDKVX

Dividends

FDKLX vs. FDKVX - Dividend Comparison

FDKLX's dividend yield for the trailing twelve months is around 1.66%, more than FDKVX's 1.07% yield.


TTM2023202220212020201920182017201620152014
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%
FDKVX
Fidelity Freedom 2060 Fund
1.07%1.25%2.10%2.23%1.03%1.49%1.53%1.08%1.28%1.96%2.68%

Drawdowns

FDKLX vs. FDKVX - Drawdown Comparison

The maximum FDKLX drawdown since its inception was -32.25%, smaller than the maximum FDKVX drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for FDKLX and FDKVX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.00%
-1.24%
FDKLX
FDKVX

Volatility

FDKLX vs. FDKVX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) is 3.02%, while Fidelity Freedom 2060 Fund (FDKVX) has a volatility of 3.28%. This indicates that FDKLX experiences smaller price fluctuations and is considered to be less risky than FDKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.02%
3.28%
FDKLX
FDKVX