FFEGX vs. NVDA
Compare and contrast key facts about Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and NVIDIA Corporation (NVDA).
FFEGX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFEGX or NVDA.
Correlation
The correlation between FFEGX and NVDA 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. NVDA - Performance Comparison
Key characteristics
FFEGX:
0.81
NVDA:
0.58
FFEGX:
1.20
NVDA:
1.16
FFEGX:
1.16
NVDA:
1.14
FFEGX:
0.91
NVDA:
0.94
FFEGX:
3.97
NVDA:
2.47
FFEGX:
2.16%
NVDA:
14.07%
FFEGX:
10.63%
NVDA:
60.10%
FFEGX:
-31.96%
NVDA:
-89.73%
FFEGX:
-2.96%
NVDA:
-25.70%
Returns By Period
In the year-to-date period, FFEGX achieves a 0.69% return, which is significantly higher than NVDA's -17.33% return.
FFEGX
0.69%
-0.10%
-0.38%
8.38%
7.37%
N/A
NVDA
-17.33%
1.22%
-21.56%
26.56%
72.92%
70.79%
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Risk-Adjusted Performance
FFEGX vs. NVDA — Risk-Adjusted Performance Rank
FFEGX
NVDA
FFEGX vs. NVDA - 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 NVIDIA Corporation (NVDA). 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. NVDA - Dividend Comparison
FFEGX's dividend yield for the trailing twelve months is around 2.45%, more than NVDA's 0.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class | 2.45% | 2.46% | 2.31% | 2.27% | 1.63% | 1.44% | 1.96% | 2.24% | 1.80% | 1.95% | 2.00% | 0.00% |
NVDA NVIDIA Corporation | 0.03% | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% |
Drawdowns
FFEGX vs. NVDA - Drawdown Comparison
The maximum FFEGX drawdown since its inception was -31.96%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for FFEGX and NVDA. For additional features, visit the drawdowns tool.
Volatility
FFEGX vs. NVDA - Volatility Comparison
The current volatility for Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) is 7.26%, while NVIDIA Corporation (NVDA) has a volatility of 25.54%. This indicates that FFEGX experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.