FFFFX vs. FSIAX
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Advisor Strategic Income Fund Class M (FSIAX).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000. FSIAX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFFX or FSIAX.
Key characteristics
| FFFFX | FSIAX | |
|---|---|---|
| YTD Return | 13.04% | 6.48% |
| 1Y Return | 21.43% | 12.06% |
| 3Y Return (Ann) | 4.22% | 0.85% |
| 5Y Return (Ann) | 10.64% | 3.06% |
| 10Y Return (Ann) | 8.94% | 3.36% |
| Sharpe Ratio | 1.92 | 2.77 |
| Daily Std Dev | 11.24% | 4.40% |
| Max Drawdown | -53.24% | -17.80% |
| Current Drawdown | -0.84% | 0.00% |
Correlation
The correlation between FFFFX and FSIAX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FFFFX vs. FSIAX - Performance Comparison
In the year-to-date period, FFFFX achieves a 13.04% return, which is significantly higher than FSIAX's 6.48% return. Over the past 10 years, FFFFX has outperformed FSIAX with an annualized return of 8.94%, while FSIAX has yielded a comparatively lower 3.36% 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. FSIAX - Expense Ratio Comparison
FFFFX has a 0.75% expense ratio, which is lower than FSIAX's 0.96% expense ratio.
Risk-Adjusted Performance
FFFFX vs. FSIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Advisor Strategic Income Fund Class M (FSIAX). 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. FSIAX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 1.62%, less than FSIAX's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 1.62% | 1.72% | 12.33% | 12.09% | 5.67% | 6.69% | 7.97% | 4.37% | 4.11% | 6.38% | 9.27% | 6.23% |
FSIAX Fidelity Advisor Strategic Income Fund Class M | 4.06% | 4.04% | 3.51% | 4.37% | 4.32% | 4.05% | 3.48% | 3.70% | 3.23% | 3.46% | 5.08% | 4.94% |
Drawdowns
FFFFX vs. FSIAX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -53.24%, which is greater than FSIAX's maximum drawdown of -17.80%. Use the drawdown chart below to compare losses from any high point for FFFFX and FSIAX. For additional features, visit the drawdowns tool.
Volatility
FFFFX vs. FSIAX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) has a higher volatility of 3.58% compared to Fidelity Advisor Strategic Income Fund Class M (FSIAX) at 0.75%. This indicates that FFFFX's price experiences larger fluctuations and is considered to be riskier than FSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.