FFFEX vs. FSNQX
Compare and contrast key facts about Fidelity Freedom 2030 Fund (FFFEX) and Fidelity Freedom 2030 Fund Class K (FSNQX).
FFFEX is managed by Fidelity. It was launched on Oct 17, 1996. FSNQX is managed by Fidelity. It was launched on Jul 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFEX or FSNQX.
Key characteristics
| FFFEX | FSNQX | |
|---|---|---|
| YTD Return | 10.61% | 11.06% |
| 1Y Return | 20.25% | 20.76% |
| 3Y Return (Ann) | -2.16% | -1.98% |
| 5Y Return (Ann) | 2.47% | 2.63% |
| Sharpe Ratio | 2.40 | 2.48 |
| Sortino Ratio | 3.52 | 3.63 |
| Omega Ratio | 1.44 | 1.46 |
| Calmar Ratio | 0.89 | 0.92 |
| Martin Ratio | 15.21 | 15.74 |
| Ulcer Index | 1.33% | 1.33% |
| Daily Std Dev | 8.43% | 8.43% |
| Max Drawdown | -49.70% | -31.35% |
| Current Drawdown | -6.55% | -6.02% |
Correlation
The correlation between FFFEX and FSNQX is 1.00, 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. FSNQX - Performance Comparison
The year-to-date returns for both investments are quite close, with FFFEX having a 10.61% return and FSNQX slightly higher at 11.06%. 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. FSNQX - Expense Ratio Comparison
FFFEX has a 0.66% expense ratio, which is higher than FSNQX's 0.58% expense ratio.
Risk-Adjusted Performance
FFFEX vs. FSNQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund (FFFEX) and Fidelity Freedom 2030 Fund Class K (FSNQX). 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. FSNQX - Dividend Comparison
FFFEX's dividend yield for the trailing twelve months is around 1.81%, less than FSNQX's 1.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 1.81% | 1.83% | 2.59% | 2.40% | 1.07% | 1.65% | 1.76% | 1.23% | 1.55% | 4.36% | 8.39% | 4.63% |
FSNQX Fidelity Freedom 2030 Fund Class K | 1.93% | 1.97% | 2.65% | 2.44% | 1.14% | 1.73% | 1.83% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFFEX vs. FSNQX - Drawdown Comparison
The maximum FFFEX drawdown since its inception was -49.70%, which is greater than FSNQX's maximum drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for FFFEX and FSNQX. For additional features, visit the drawdowns tool.
Volatility
FFFEX vs. FSNQX - Volatility Comparison
Fidelity Freedom 2030 Fund (FFFEX) and Fidelity Freedom 2030 Fund Class K (FSNQX) have volatilities of 2.04% and 2.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.