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 0.93, 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
Key characteristics
FFFFX:
1.42
IVV:
2.25
FFFFX:
2.00
IVV:
2.98
FFFFX:
1.26
IVV:
1.42
FFFFX:
0.83
IVV:
3.32
FFFFX:
8.58
IVV:
14.68
FFFFX:
1.79%
IVV:
1.90%
FFFFX:
10.86%
IVV:
12.43%
FFFFX:
-53.24%
IVV:
-55.25%
FFFFX:
-5.82%
IVV:
-2.52%
Returns By Period
In the year-to-date period, FFFFX achieves a 13.25% return, which is significantly lower than IVV's 25.92% return. Over the past 10 years, FFFFX has underperformed IVV with an annualized return of 4.23%, while IVV has yielded a comparatively higher 13.05% annualized return.
FFFFX
13.25%
-0.83%
3.76%
14.19%
3.50%
4.23%
IVV
25.92%
0.33%
9.27%
26.64%
14.77%
13.05%
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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 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 1.16%, less than IVV's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 1.16% | 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 | 1.29% | 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.
Volatility
FFFFX vs. IVV - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 3.17%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.75%. 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.