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.
Key characteristics
| FFEGX | NVDA | |
|---|---|---|
| YTD Return | 10.99% | 199.51% |
| 1Y Return | 20.45% | 205.09% |
| 3Y Return (Ann) | 1.93% | 70.07% |
| 5Y Return (Ann) | 6.85% | 95.71% |
| Sharpe Ratio | 2.55 | 4.00 |
| Sortino Ratio | 3.75 | 3.97 |
| Omega Ratio | 1.48 | 1.51 |
| Calmar Ratio | 1.65 | 7.65 |
| Martin Ratio | 16.36 | 24.12 |
| Ulcer Index | 1.25% | 8.58% |
| Daily Std Dev | 8.01% | 51.74% |
| Max Drawdown | -23.85% | -89.73% |
| Current Drawdown | -1.18% | -0.40% |
Correlation
The correlation between FFEGX and NVDA is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FFEGX vs. NVDA - Performance Comparison
In the year-to-date period, FFEGX achieves a 10.99% return, which is significantly lower than NVDA's 199.51% 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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Risk-Adjusted Performance
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 2.12%, more than NVDA's 0.02% 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% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
FFEGX vs. NVDA - Drawdown Comparison
The maximum FFEGX drawdown since its inception was -23.85%, 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 2.15%, while NVIDIA Corporation (NVDA) has a volatility of 11.39%. 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.