FDKLX vs. VTTSX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Vanguard Target Retirement 2060 Fund (VTTSX).
FDKLX is managed by Fidelity. It was launched on Aug 5, 2014. VTTSX is managed by Vanguard. It was launched on Jan 19, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDKLX or VTTSX.
Key characteristics
| FDKLX | VTTSX | |
|---|---|---|
| YTD Return | 17.17% | 17.22% |
| 1Y Return | 29.65% | 29.58% |
| 3Y Return (Ann) | 4.44% | 5.00% |
| 5Y Return (Ann) | 8.77% | 10.41% |
| 10Y Return (Ann) | 8.18% | 8.99% |
| Sharpe Ratio | 2.68 | 2.61 |
| Sortino Ratio | 3.70 | 3.62 |
| Omega Ratio | 1.49 | 1.48 |
| Calmar Ratio | 2.34 | 2.65 |
| Martin Ratio | 17.53 | 16.94 |
| Ulcer Index | 1.64% | 1.70% |
| Daily Std Dev | 10.75% | 11.05% |
| Max Drawdown | -32.25% | -31.38% |
| Current Drawdown | -0.21% | -0.19% |
Correlation
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.
Performance
FDKLX vs. VTTSX - Performance Comparison
The year-to-date returns for both investments are quite close, with FDKLX having a 17.17% return and VTTSX slightly higher at 17.22%. Over the past 10 years, FDKLX has underperformed VTTSX with an annualized return of 8.18%, while VTTSX has yielded a comparatively higher 8.99% 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. 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%.
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.
Dividends
FDKLX vs. VTTSX - Dividend Comparison
FDKLX's dividend yield for the trailing twelve months is around 1.65%, less than VTTSX's 1.82% 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% |
VTTSX Vanguard Target Retirement 2060 Fund | 1.82% | 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.
Volatility
FDKLX vs. VTTSX - Volatility Comparison
Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Vanguard Target Retirement 2060 Fund (VTTSX) have volatilities of 2.96% and 2.92%, 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.