FFEGX vs. FHLKX
Compare and contrast key facts about Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and Fidelity Health Savings Fund Class K (FHLKX).
FFEGX is managed by Fidelity. It was launched on Oct 2, 2009. FHLKX is managed by Fidelity. It was launched on Mar 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFEGX or FHLKX.
Key characteristics
| FFEGX | FHLKX | |
|---|---|---|
| YTD Return | 11.89% | 8.06% |
| 1Y Return | 21.43% | 15.70% |
| 3Y Return (Ann) | 2.21% | -0.09% |
| Sharpe Ratio | 2.79 | 2.85 |
| Sortino Ratio | 4.09 | 4.36 |
| Omega Ratio | 1.53 | 1.56 |
| Calmar Ratio | 1.80 | 1.11 |
| Martin Ratio | 17.83 | 17.60 |
| Ulcer Index | 1.25% | 0.89% |
| Daily Std Dev | 7.97% | 5.52% |
| Max Drawdown | -23.85% | -19.56% |
| Current Drawdown | -0.38% | -0.71% |
Correlation
The correlation between FFEGX and FHLKX is 0.90, 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
FFEGX vs. FHLKX - Performance Comparison
In the year-to-date period, FFEGX achieves a 11.89% return, which is significantly higher than FHLKX's 8.06% 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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FFEGX vs. FHLKX - Expense Ratio Comparison
FFEGX has a 0.08% expense ratio, which is lower than FHLKX's 0.37% expense ratio.
Risk-Adjusted Performance
FFEGX vs. FHLKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and Fidelity Health Savings Fund Class K (FHLKX). 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
FFEGX vs. FHLKX - Dividend Comparison
FFEGX's dividend yield for the trailing twelve months is around 2.10%, less than FHLKX's 3.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class | 2.10% | 2.31% | 2.27% | 1.63% | 1.44% | 1.96% | 2.24% | 1.80% | 1.95% | 2.00% |
FHLKX Fidelity Health Savings Fund Class K | 3.07% | 2.88% | 3.32% | 2.25% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFEGX vs. FHLKX - Drawdown Comparison
The maximum FFEGX drawdown since its inception was -23.85%, which is greater than FHLKX's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for FFEGX and FHLKX. For additional features, visit the drawdowns tool.
Volatility
FFEGX vs. FHLKX - Volatility Comparison
Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) has a higher volatility of 2.02% compared to Fidelity Health Savings Fund Class K (FHLKX) at 1.41%. This indicates that FFEGX's price experiences larger fluctuations and is considered to be riskier than FHLKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.