FFFFX vs. FBIFX
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000. FBIFX 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: FFFFX or FBIFX.
Key characteristics
| FFFFX | FBIFX | |
|---|---|---|
| YTD Return | 16.49% | 16.23% |
| 1Y Return | 27.63% | 27.24% |
| 3Y Return (Ann) | -1.01% | 4.02% |
| 5Y Return (Ann) | 5.01% | 6.30% |
| 10Y Return (Ann) | 4.57% | 7.03% |
| Sharpe Ratio | 2.66 | 2.80 |
| Sortino Ratio | 3.74 | 3.91 |
| Omega Ratio | 1.49 | 1.52 |
| Calmar Ratio | 1.20 | 2.40 |
| Martin Ratio | 17.19 | 18.31 |
| Ulcer Index | 1.68% | 1.55% |
| Daily Std Dev | 10.84% | 10.11% |
| Max Drawdown | -53.24% | -38.83% |
| Current Drawdown | -3.12% | -0.08% |
Correlation
The correlation between FFFFX and FBIFX is 0.98, 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
FFFFX vs. FBIFX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FFFFX having a 16.49% return and FBIFX slightly lower at 16.23%. Over the past 10 years, FFFFX has underperformed FBIFX with an annualized return of 4.57%, while FBIFX has yielded a comparatively higher 7.03% 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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FFFFX vs. FBIFX - Expense Ratio Comparison
FFFFX has a 0.75% expense ratio, which is higher than FBIFX's 0.12% expense ratio.
Risk-Adjusted Performance
FFFFX vs. FBIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX). 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
FFFFX vs. FBIFX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 1.13%, less than FBIFX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 1.13% | 1.32% | 2.11% | 2.27% | 1.06% | 1.50% | 1.68% | 1.12% | 1.44% | 4.38% | 9.27% | 6.23% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.76% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% | 0.13% |
Drawdowns
FFFFX vs. FBIFX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -53.24%, which is greater than FBIFX's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for FFFFX and FBIFX. For additional features, visit the drawdowns tool.
Volatility
FFFFX vs. FBIFX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) has a higher volatility of 2.86% compared to Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) at 2.68%. This indicates that FFFFX's price experiences larger fluctuations and is considered to be riskier than FBIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.