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

Performance

FDKLX vs. VTTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Vanguard Target Retirement 2060 Fund (VTTSX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
7.62%
7.88%
FDKLX
VTTSX

Returns By Period

The year-to-date returns for both investments are quite close, with FDKLX having a 16.18% return and VTTSX slightly higher at 16.32%. Over the past 10 years, FDKLX has underperformed VTTSX with an annualized return of 7.95%, while VTTSX has yielded a comparatively higher 8.77% annualized return.


FDKLX

YTD

16.18%

1M

1.13%

6M

7.62%

1Y

23.02%

5Y (annualized)

8.52%

10Y (annualized)

7.95%

VTTSX

YTD

16.32%

1M

1.29%

6M

7.88%

1Y

23.15%

5Y (annualized)

10.21%

10Y (annualized)

8.77%

Key characteristics


FDKLXVTTSX
Sharpe Ratio2.182.13
Sortino Ratio3.002.95
Omega Ratio1.391.39
Calmar Ratio2.773.27
Martin Ratio13.7613.41
Ulcer Index1.67%1.73%
Daily Std Dev10.57%10.88%
Max Drawdown-32.25%-31.38%
Current Drawdown-1.05%-0.95%

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FDKLX vs. VTTSX - Expense Ratio Comparison

FDKLX has a 0.12% expense ratio, which is higher than VTTSX's 0.08% 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%.


FDKLX
Fidelity Freedom Index 2060 Fund Investor Class
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%
Expense ratio chart for VTTSX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.01.0

The correlation between FDKLX and VTTSX is 0.99, 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.

Risk-Adjusted Performance

FDKLX vs. VTTSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Vanguard Target Retirement 2060 Fund (VTTSX). 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.


Sharpe ratio
The chart of Sharpe ratio for FDKLX, currently valued at 2.18, compared to the broader market-1.000.001.002.003.004.005.002.182.13
The chart of Sortino ratio for FDKLX, currently valued at 3.00, compared to the broader market0.005.0010.003.002.95
The chart of Omega ratio for FDKLX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.39
The chart of Calmar ratio for FDKLX, currently valued at 2.77, compared to the broader market0.005.0010.0015.0020.002.773.27
The chart of Martin ratio for FDKLX, currently valued at 13.76, compared to the broader market0.0020.0040.0060.0080.00100.0013.7613.41
FDKLX
VTTSX

The current FDKLX Sharpe Ratio is 2.18, which is comparable to the VTTSX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FDKLX and VTTSX, 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
2.18
2.13
FDKLX
VTTSX

Dividends

FDKLX vs. VTTSX - Dividend Comparison

FDKLX's dividend yield for the trailing twelve months is around 1.66%, less than VTTSX's 1.84% yield.


TTM20232022202120202019201820172016201520142013
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%
VTTSX
Vanguard Target Retirement 2060 Fund
1.84%2.14%2.09%1.95%1.57%2.11%2.30%1.77%1.98%1.85%1.65%1.37%

Drawdowns

FDKLX vs. VTTSX - Drawdown Comparison

The maximum FDKLX drawdown since its inception was -32.25%, roughly equal to the maximum VTTSX drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for FDKLX and VTTSX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.05%
-0.95%
FDKLX
VTTSX

Volatility

FDKLX vs. VTTSX - Volatility Comparison

Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Vanguard Target Retirement 2060 Fund (VTTSX) have volatilities of 2.89% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.89%
2.83%
FDKLX
VTTSX