FFFFX vs. VOO
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and Vanguard S&P 500 ETF (VOO).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFFX or VOO.
Key characteristics
| FFFFX | VOO | |
|---|---|---|
| YTD Return | 16.78% | 26.59% |
| 1Y Return | 28.34% | 38.23% |
| 3Y Return (Ann) | -0.97% | 9.99% |
| 5Y Return (Ann) | 4.99% | 15.91% |
| 10Y Return (Ann) | 4.60% | 13.40% |
| Sharpe Ratio | 2.61 | 3.11 |
| Sortino Ratio | 3.68 | 4.14 |
| Omega Ratio | 1.48 | 1.58 |
| Calmar Ratio | 1.14 | 4.54 |
| Martin Ratio | 16.89 | 20.72 |
| Ulcer Index | 1.68% | 1.85% |
| Daily Std Dev | 10.87% | 12.33% |
| Max Drawdown | -53.24% | -33.99% |
| Current Drawdown | -2.88% | 0.00% |
Correlation
The correlation between FFFFX and VOO 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.
Performance
FFFFX vs. VOO - Performance Comparison
In the year-to-date period, FFFFX achieves a 16.78% return, which is significantly lower than VOO's 26.59% return. Over the past 10 years, FFFFX has underperformed VOO with an annualized return of 4.60%, while VOO has yielded a comparatively higher 13.40% 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. VOO - Expense Ratio Comparison
FFFFX has a 0.75% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FFFFX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 1.13%, less than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FFFFX vs. VOO - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -53.24%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFFFX and VOO. For additional features, visit the drawdowns tool.
Volatility
FFFFX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 2.93%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. This indicates that FFFFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.