FFEZX vs. FFGZX
Compare and contrast key facts about Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX).
FFEZX is managed by Fidelity. It was launched on Oct 2, 2009. FFGZX 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: FFEZX or FFGZX.
Key characteristics
| FFEZX | FFGZX | |
|---|---|---|
| YTD Return | 11.54% | 6.49% |
| 1Y Return | 19.23% | 11.54% |
| 3Y Return (Ann) | 3.44% | 0.99% |
| 5Y Return (Ann) | 8.61% | 3.17% |
| Sharpe Ratio | 2.03 | 2.30 |
| Daily Std Dev | 9.47% | 4.89% |
| Max Drawdown | -28.46% | -14.94% |
| Current Drawdown | -0.08% | 0.00% |
Correlation
The correlation between FFEZX and FFGZX is 0.77, 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
FFEZX vs. FFGZX - Performance Comparison
In the year-to-date period, FFEZX achieves a 11.54% return, which is significantly higher than FFGZX's 6.49% 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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FFEZX vs. FFGZX - Expense Ratio Comparison
Both FFEZX and FFGZX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FFEZX vs. FFGZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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
FFEZX vs. FFGZX - Dividend Comparison
FFEZX's dividend yield for the trailing twelve months is around 2.07%, less than FFGZX's 3.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class | 2.07% | 2.13% | 2.08% | 2.04% | 2.18% | 16.18% | 2.27% | 1.85% | 2.01% | 2.04% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.20% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.69% | 1.17% |
Drawdowns
FFEZX vs. FFGZX - Drawdown Comparison
The maximum FFEZX drawdown since its inception was -28.46%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FFEZX and FFGZX. For additional features, visit the drawdowns tool.
Volatility
FFEZX vs. FFGZX - Volatility Comparison
Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) has a higher volatility of 2.88% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 0.99%. This indicates that FFEZX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.