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FFFFX vs. IVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FFFFXIVV
YTD Return16.40%27.13%
1Y Return28.72%39.88%
3Y Return (Ann)-1.06%10.28%
5Y Return (Ann)4.92%16.00%
10Y Return (Ann)4.56%13.42%
Sharpe Ratio2.573.15
Sortino Ratio3.624.20
Omega Ratio1.471.59
Calmar Ratio1.134.62
Martin Ratio16.6520.91
Ulcer Index1.68%1.86%
Daily Std Dev10.88%12.31%
Max Drawdown-53.24%-55.25%
Current Drawdown-3.20%0.00%

Correlation

-0.50.00.51.00.9

The correlation between FFFFX and IVV is 0.93, 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. IVV - Performance Comparison

In the year-to-date period, FFFFX achieves a 16.40% return, which is significantly lower than IVV's 27.13% return. Over the past 10 years, FFFFX has underperformed IVV with an annualized return of 4.56%, while IVV has yielded a comparatively higher 13.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
8.63%
15.65%
FFFFX
IVV

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FFFFX vs. IVV - Expense Ratio Comparison

FFFFX has a 0.75% expense ratio, which is higher than IVV's 0.03% 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 IVV: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

FFFFX vs. IVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and iShares Core S&P 500 ETF (IVV). 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.


FFFFX
Sharpe ratio
The chart of Sharpe ratio for FFFFX, currently valued at 2.57, compared to the broader market0.002.004.002.57
Sortino ratio
The chart of Sortino ratio for FFFFX, currently valued at 3.62, compared to the broader market0.005.0010.003.62
Omega ratio
The chart of Omega ratio for FFFFX, currently valued at 1.47, compared to the broader market1.002.003.004.001.47
Calmar ratio
The chart of Calmar ratio for FFFFX, currently valued at 1.13, compared to the broader market0.005.0010.0015.0020.001.13
Martin ratio
The chart of Martin ratio for FFFFX, currently valued at 16.65, compared to the broader market0.0020.0040.0060.0080.00100.0016.65
IVV
Sharpe ratio
The chart of Sharpe ratio for IVV, currently valued at 3.15, compared to the broader market0.002.004.003.15
Sortino ratio
The chart of Sortino ratio for IVV, currently valued at 4.20, compared to the broader market0.005.0010.004.20
Omega ratio
The chart of Omega ratio for IVV, currently valued at 1.59, compared to the broader market1.002.003.004.001.59
Calmar ratio
The chart of Calmar ratio for IVV, currently valued at 4.62, compared to the broader market0.005.0010.0015.0020.004.62
Martin ratio
The chart of Martin ratio for IVV, currently valued at 20.91, compared to the broader market0.0020.0040.0060.0080.00100.0020.91

FFFFX vs. IVV - Sharpe Ratio Comparison

The current FFFFX Sharpe Ratio is 2.57, which is comparable to the IVV Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of FFFFX and IVV, 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
2.57
3.15
FFFFX
IVV

Dividends

FFFFX vs. IVV - Dividend Comparison

FFFFX's dividend yield for the trailing twelve months is around 1.13%, less than IVV's 1.24% yield.


TTM20232022202120202019201820172016201520142013
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%
IVV
iShares Core S&P 500 ETF
1.24%1.44%1.66%1.20%1.57%1.99%2.21%1.75%2.01%2.27%1.83%1.80%

Drawdowns

FFFFX vs. IVV - Drawdown Comparison

The maximum FFFFX drawdown since its inception was -53.24%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FFFFX and IVV. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.20%
0
FFFFX
IVV

Volatility

FFFFX vs. IVV - Volatility Comparison

The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 2.95%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.95%. This indicates that FFFFX experiences smaller price fluctuations and is considered to be less risky than IVV 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
2.95%
3.95%
FFFFX
IVV