FFEGX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and Fidelity 500 Index Fund (FXAIX).
FFEGX is managed by Fidelity. It was launched on Oct 2, 2009. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFEGX or FXAIX.
Key characteristics
| FFEGX | FXAIX | |
|---|---|---|
| YTD Return | 10.99% | 26.92% |
| 1Y Return | 20.45% | 37.57% |
| 3Y Return (Ann) | 1.93% | 10.24% |
| 5Y Return (Ann) | 6.85% | 15.96% |
| Sharpe Ratio | 2.55 | 3.05 |
| Sortino Ratio | 3.75 | 4.06 |
| Omega Ratio | 1.48 | 1.57 |
| Calmar Ratio | 1.65 | 4.44 |
| Martin Ratio | 16.36 | 20.09 |
| Ulcer Index | 1.25% | 1.86% |
| Daily Std Dev | 8.01% | 12.28% |
| Max Drawdown | -23.85% | -33.79% |
| Current Drawdown | -1.18% | -0.28% |
Correlation
The correlation between FFEGX and FXAIX is 0.93, 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. FXAIX - Performance Comparison
In the year-to-date period, FFEGX achieves a 10.99% return, which is significantly lower than FXAIX's 26.92% 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. FXAIX - Expense Ratio Comparison
FFEGX has a 0.08% expense ratio, which is higher than FXAIX's 0.02% 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
FFEGX vs. FXAIX - 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 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
FFEGX vs. FXAIX - Dividend Comparison
FFEGX's dividend yield for the trailing twelve months is around 2.12%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class | 2.12% | 2.31% | 2.27% | 1.63% | 1.44% | 1.96% | 2.24% | 1.80% | 1.95% | 2.00% | 0.00% | 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
FFEGX vs. FXAIX - Drawdown Comparison
The maximum FFEGX drawdown since its inception was -23.85%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FFEGX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FFEGX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) is 2.15%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.85%. This indicates that FFEGX 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.