PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FFFFX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FFFFX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2040 Fund (FFFFX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.62%
12.89%
FFFFX
FXAIX

Returns By Period

In the year-to-date period, FFFFX achieves a 14.68% return, which is significantly lower than FXAIX's 26.26% return. Over the past 10 years, FFFFX has underperformed FXAIX with an annualized return of 4.28%, while FXAIX has yielded a comparatively higher 13.07% annualized return.


FFFFX

YTD

14.68%

1M

-0.41%

6M

6.37%

1Y

21.51%

5Y (annualized)

4.53%

10Y (annualized)

4.28%

FXAIX

YTD

26.26%

1M

1.79%

6M

13.68%

1Y

32.38%

5Y (annualized)

15.71%

10Y (annualized)

13.07%

Key characteristics


FFFFXFXAIX
Sharpe Ratio2.032.69
Sortino Ratio2.863.59
Omega Ratio1.371.50
Calmar Ratio1.013.90
Martin Ratio12.6617.53
Ulcer Index1.72%1.88%
Daily Std Dev10.70%12.24%
Max Drawdown-53.24%-33.79%
Current Drawdown-4.63%-0.81%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FFFFX vs. FXAIX - Expense Ratio Comparison

FFFFX has a 0.75% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


FFFFX
Fidelity Freedom 2040 Fund
Expense ratio chart for FFFFX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Correlation

-0.50.00.51.00.9

The correlation between FFFFX and FXAIX is 0.92, 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.

Risk-Adjusted Performance

FFFFX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity 500 Index Fund (FXAIX). 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.


Sharpe ratio
The chart of Sharpe ratio for FFFFX, currently valued at 2.03, compared to the broader market-1.000.001.002.003.004.005.002.032.69
The chart of Sortino ratio for FFFFX, currently valued at 2.86, compared to the broader market0.005.0010.002.863.59
The chart of Omega ratio for FFFFX, currently valued at 1.37, compared to the broader market1.002.003.004.001.371.50
The chart of Calmar ratio for FFFFX, currently valued at 1.01, compared to the broader market0.005.0010.0015.0020.0025.001.013.90
The chart of Martin ratio for FFFFX, currently valued at 12.66, compared to the broader market0.0020.0040.0060.0080.00100.0012.6617.53
FFFFX
FXAIX

The current FFFFX Sharpe Ratio is 2.03, which is comparable to the FXAIX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of FFFFX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.03
2.69
FFFFX
FXAIX

Dividends

FFFFX vs. FXAIX - Dividend Comparison

FFFFX's dividend yield for the trailing twelve months is around 1.15%, less than FXAIX's 1.22% yield.


TTM20232022202120202019201820172016201520142013
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%
FXAIX
Fidelity 500 Index Fund
1.22%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

FFFFX vs. FXAIX - Drawdown Comparison

The maximum FFFFX drawdown since its inception was -53.24%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FFFFX and FXAIX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.63%
-0.81%
FFFFX
FXAIX

Volatility

FFFFX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 2.87%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.95%. This indicates that FFFFX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.87%
3.95%
FFFFX
FXAIX