FFFEX vs. FZROX
Compare and contrast key facts about Fidelity Freedom 2030 Fund (FFFEX) and Fidelity ZERO Total Market Index Fund (FZROX).
FFFEX is managed by Fidelity. It was launched on Oct 17, 1996. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFEX or FZROX.
Key characteristics
| FFFEX | FZROX | |
|---|---|---|
| YTD Return | 11.88% | 26.41% |
| 1Y Return | 22.34% | 40.58% |
| 3Y Return (Ann) | -1.87% | 9.00% |
| 5Y Return (Ann) | 2.70% | 15.47% |
| Sharpe Ratio | 2.53 | 3.09 |
| Sortino Ratio | 3.71 | 4.11 |
| Omega Ratio | 1.47 | 1.57 |
| Calmar Ratio | 0.94 | 4.45 |
| Martin Ratio | 16.11 | 20.14 |
| Ulcer Index | 1.33% | 1.96% |
| Daily Std Dev | 8.48% | 12.76% |
| Max Drawdown | -49.70% | -34.96% |
| Current Drawdown | -5.48% | 0.00% |
Correlation
The correlation between FFFEX and FZROX is 0.91, 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. FZROX - Performance Comparison
In the year-to-date period, FFFEX achieves a 11.88% return, which is significantly lower than FZROX's 26.41% 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. FZROX - Expense Ratio Comparison
FFFEX has a 0.66% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FFFEX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund (FFFEX) and Fidelity ZERO Total Market Index Fund (FZROX). 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. FZROX - Dividend Comparison
FFFEX's dividend yield for the trailing twelve months is around 1.79%, more than FZROX's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 1.79% | 1.83% | 2.59% | 2.40% | 1.07% | 1.65% | 1.76% | 1.23% | 1.55% | 4.36% | 8.39% | 4.63% |
FZROX Fidelity ZERO Total Market Index Fund | 1.08% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFFEX vs. FZROX - Drawdown Comparison
The maximum FFFEX drawdown since its inception was -49.70%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FFFEX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FFFEX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Freedom 2030 Fund (FFFEX) is 2.29%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.06%. This indicates that FFFEX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.