FFFEX vs. FCNTX
Compare and contrast key facts about Fidelity Freedom 2030 Fund (FFFEX) and Fidelity Contrafund Fund (FCNTX).
FFFEX is managed by Fidelity. It was launched on Oct 17, 1996. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFEX or FCNTX.
Key characteristics
| FFFEX | FCNTX | |
|---|---|---|
| YTD Return | 10.53% | 27.87% |
| 1Y Return | 18.37% | 38.36% |
| 3Y Return (Ann) | 2.35% | 10.26% |
| 5Y Return (Ann) | 7.79% | 18.32% |
| 10Y Return (Ann) | 7.38% | 14.93% |
| Sharpe Ratio | 2.02 | 2.45 |
| Daily Std Dev | 8.92% | 15.58% |
| Max Drawdown | -49.70% | -99.93% |
| Current Drawdown | -0.44% | -98.79% |
Correlation
The correlation between FFFEX and FCNTX is 0.88, 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
FFFEX vs. FCNTX - Performance Comparison
In the year-to-date period, FFFEX achieves a 10.53% return, which is significantly lower than FCNTX's 27.87% return. Over the past 10 years, FFFEX has underperformed FCNTX with an annualized return of 7.38%, while FCNTX has yielded a comparatively higher 14.93% annualized 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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FFFEX vs. FCNTX - Expense Ratio Comparison
FFFEX has a 0.66% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
FFFEX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund (FFFEX) and Fidelity Contrafund Fund (FCNTX). 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
FFFEX vs. FCNTX - Dividend Comparison
FFFEX's dividend yield for the trailing twelve months is around 2.14%, less than FCNTX's 2.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 2.14% | 1.87% | 10.06% | 10.92% | 6.24% | 6.79% | 7.32% | 4.60% | 3.98% | 6.21% | 8.39% | 4.63% |
FCNTX Fidelity Contrafund Fund | 2.49% | 4.26% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 6.17% | 3.81% | 5.33% | 7.54% | 7.90% |
Drawdowns
FFFEX vs. FCNTX - Drawdown Comparison
The maximum FFFEX drawdown since its inception was -49.70%, smaller than the maximum FCNTX drawdown of -99.93%. Use the drawdown chart below to compare losses from any high point for FFFEX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
FFFEX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Freedom 2030 Fund (FFFEX) is 2.59%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 4.73%. This indicates that FFFEX experiences smaller price fluctuations and is considered to be less risky than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.