FFFFX vs. FCPEX
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Small Cap Enhanced Index Fund (FCPEX).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000. FCPEX is managed by Fidelity. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFFX or FCPEX.
Key characteristics
| FFFFX | FCPEX |
|---|
Correlation
The correlation between FFFFX and FCPEX is 0.83, 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. FCPEX - Performance Comparison
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. FCPEX - Expense Ratio Comparison
FFFFX has a 0.75% expense ratio, which is higher than FCPEX's 0.55% expense ratio.
Risk-Adjusted Performance
FFFFX vs. FCPEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Small Cap Enhanced Index Fund (FCPEX). 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. FCPEX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 1.15%, while FCPEX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 1.15% | 1.32% | 2.11% | 2.27% | 1.06% | 1.50% | 1.68% | 1.12% | 1.44% | 4.38% | 9.27% | 6.23% |
FCPEX Fidelity Small Cap Enhanced Index Fund | 1.69% | 1.69% | 5.16% | 20.85% | 0.59% | 0.95% | 15.52% | 8.51% | 0.67% | 2.46% | 6.70% | 6.77% |
Drawdowns
FFFFX vs. FCPEX - Drawdown Comparison
Volatility
FFFFX vs. FCPEX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) has a higher volatility of 2.57% compared to Fidelity Small Cap Enhanced Index Fund (FCPEX) at 0.00%. This indicates that FFFFX's price experiences larger fluctuations and is considered to be riskier than FCPEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.