FDKVX vs. FDKLX
Compare and contrast key facts about Fidelity Freedom 2060 Fund (FDKVX) and Fidelity Freedom Index 2060 Fund Investor Class (FDKLX).
FDKVX is managed by Fidelity. It was launched on Aug 5, 2014. FDKLX is managed by Fidelity. It was launched on Aug 5, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDKVX or FDKLX.
Key characteristics
| FDKVX | FDKLX | |
|---|---|---|
| YTD Return | 16.38% | 16.24% |
| 1Y Return | 27.65% | 27.34% |
| 3Y Return (Ann) | -0.20% | 4.19% |
| 5Y Return (Ann) | 6.08% | 8.65% |
| 10Y Return (Ann) | 5.62% | 8.10% |
| Sharpe Ratio | 2.40 | 2.55 |
| Sortino Ratio | 3.35 | 3.54 |
| Omega Ratio | 1.44 | 1.47 |
| Calmar Ratio | 1.24 | 2.40 |
| Martin Ratio | 15.59 | 16.69 |
| Ulcer Index | 1.77% | 1.64% |
| Daily Std Dev | 11.52% | 10.73% |
| Max Drawdown | -34.53% | -32.25% |
| Current Drawdown | -1.24% | -1.00% |
Correlation
The correlation between FDKVX and FDKLX 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
FDKVX vs. FDKLX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FDKVX having a 16.38% return and FDKLX slightly lower at 16.24%. Over the past 10 years, FDKVX has underperformed FDKLX with an annualized return of 5.62%, while FDKLX has yielded a comparatively higher 8.10% 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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FDKVX vs. FDKLX - Expense Ratio Comparison
FDKVX has a 0.75% expense ratio, which is higher than FDKLX's 0.12% expense ratio.
Risk-Adjusted Performance
FDKVX vs. FDKLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund (FDKVX) and Fidelity Freedom Index 2060 Fund Investor Class (FDKLX). 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
FDKVX vs. FDKLX - Dividend Comparison
FDKVX's dividend yield for the trailing twelve months is around 1.07%, less than FDKLX's 1.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
FDKVX vs. FDKLX - Drawdown Comparison
The maximum FDKVX drawdown since its inception was -34.53%, which is greater than FDKLX's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for FDKVX and FDKLX. For additional features, visit the drawdowns tool.
Volatility
FDKVX vs. FDKLX - Volatility Comparison
Fidelity Freedom 2060 Fund (FDKVX) has a higher volatility of 3.28% compared to Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) at 3.02%. This indicates that FDKVX's price experiences larger fluctuations and is considered to be riskier than FDKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.