FDKVX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom 2060 Fund (FDKVX) and Fidelity 500 Index Fund (FXAIX).
FDKVX is managed by Fidelity. It was launched on Aug 5, 2014. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDKVX or FXAIX.
Performance
FDKVX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, FDKVX achieves a 16.08% return, which is significantly lower than FXAIX's 26.70% return. Over the past 10 years, FDKVX has underperformed FXAIX with an annualized return of 5.46%, while FXAIX has yielded a comparatively higher 13.12% annualized return.
FDKVX
16.08%
0.80%
6.27%
23.11%
5.91%
5.46%
FXAIX
26.70%
3.09%
13.28%
32.84%
15.78%
13.12%
Key characteristics
| FDKVX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.03 | 2.68 |
| Sortino Ratio | 2.83 | 3.58 |
| Omega Ratio | 1.36 | 1.50 |
| Calmar Ratio | 1.18 | 3.89 |
| Martin Ratio | 12.72 | 17.48 |
| Ulcer Index | 1.82% | 1.88% |
| Daily Std Dev | 11.38% | 12.24% |
| Max Drawdown | -34.53% | -33.79% |
| Current Drawdown | -1.50% | -0.46% |
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FDKVX vs. FXAIX - Expense Ratio Comparison
FDKVX has a 0.75% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between FDKVX and FXAIX is 0.92, 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
FDKVX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund (FDKVX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FDKVX's dividend yield for the trailing twelve months is around 1.07%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FDKVX vs. FXAIX - Drawdown Comparison
The maximum FDKVX drawdown since its inception was -34.53%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FDKVX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FDKVX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom 2060 Fund (FDKVX) is 3.10%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.96%. This indicates that FDKVX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.