FFFFX vs. IVV
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and iShares Core S&P 500 ETF (IVV).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFFX or IVV.
Correlation
The correlation between FFFFX and IVV is 0.94, 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
Key characteristics
FFFFX:
0.47
IVV:
0.55
FFFFX:
0.76
IVV:
0.90
FFFFX:
1.11
IVV:
1.13
FFFFX:
0.46
IVV:
0.57
FFFFX:
2.13
IVV:
2.23
FFFFX:
3.37%
IVV:
4.83%
FFFFX:
15.27%
IVV:
19.30%
FFFFX:
-53.23%
IVV:
-55.25%
FFFFX:
-4.67%
IVV:
-7.59%
Returns By Period
In the year-to-date period, FFFFX achieves a 2.51% return, which is significantly higher than IVV's -3.33% return. Over the past 10 years, FFFFX has underperformed IVV with an annualized return of 3.67%, while IVV has yielded a comparatively higher 12.38% annualized return.
FFFFX
2.51%
12.95%
-1.84%
7.17%
7.36%
3.67%
IVV
-3.33%
13.74%
-4.58%
10.62%
15.86%
12.38%
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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.
Risk-Adjusted Performance
FFFFX vs. IVV — Risk-Adjusted Performance Rank
FFFFX
IVV
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.
Dividends
FFFFX vs. IVV - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 2.56%, more than IVV's 1.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 2.56% | 2.63% | 1.72% | 12.33% | 12.09% | 5.67% | 6.69% | 7.97% | 4.37% | 4.11% | 6.38% | 9.27% |
IVV iShares Core S&P 500 ETF | 1.37% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
Drawdowns
FFFFX vs. IVV - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -53.23%, 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.
Volatility
FFFFX vs. IVV - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 7.87%, while iShares Core S&P 500 ETF (IVV) has a volatility of 11.24%. 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.