FDKLX vs. SCHD
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Schwab US Dividend Equity ETF (SCHD).
FDKLX is managed by Fidelity. It was launched on Aug 5, 2014. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDKLX or SCHD.
Key characteristics
| FDKLX | SCHD | |
|---|---|---|
| YTD Return | 17.17% | 17.75% |
| 1Y Return | 29.65% | 31.70% |
| 3Y Return (Ann) | 4.44% | 7.26% |
| 5Y Return (Ann) | 8.77% | 12.80% |
| 10Y Return (Ann) | 8.18% | 11.72% |
| Sharpe Ratio | 2.68 | 2.67 |
| Sortino Ratio | 3.70 | 3.84 |
| Omega Ratio | 1.49 | 1.47 |
| Calmar Ratio | 2.34 | 2.80 |
| Martin Ratio | 17.53 | 14.83 |
| Ulcer Index | 1.64% | 2.04% |
| Daily Std Dev | 10.75% | 11.32% |
| Max Drawdown | -32.25% | -33.37% |
| Current Drawdown | -0.21% | 0.00% |
Correlation
The correlation between FDKLX and SCHD is 0.83, 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. SCHD - Performance Comparison
The year-to-date returns for both investments are quite close, with FDKLX having a 17.17% return and SCHD slightly higher at 17.75%. Over the past 10 years, FDKLX has underperformed SCHD with an annualized return of 8.18%, while SCHD has yielded a comparatively higher 11.72% 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. SCHD - Expense Ratio Comparison
FDKLX has a 0.12% expense ratio, which is higher than SCHD's 0.06% 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
FDKLX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
FDKLX's dividend yield for the trailing twelve months is around 1.65%, less than SCHD's 3.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDKLX Fidelity Freedom Index 2060 Fund Investor Class | 1.65% | 1.89% | 1.91% | 1.51% | 1.33% | 1.59% | 2.11% | 1.65% | 2.11% | 1.79% | 1.56% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.36% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FDKLX vs. SCHD - Drawdown Comparison
The maximum FDKLX drawdown since its inception was -32.25%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FDKLX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FDKLX vs. SCHD - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) is 2.96%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.57%. This indicates that FDKLX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.