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

Performance

FFFFX vs. VOO - Performance Comparison

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

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
6.37%
13.62%
FFFFX
VOO

Returns By Period

In the year-to-date period, FFFFX achieves a 14.68% return, which is significantly lower than VOO's 26.16% return. Over the past 10 years, FFFFX has underperformed VOO with an annualized return of 4.28%, while VOO has yielded a comparatively higher 13.18% annualized return.


FFFFX

YTD

14.68%

1M

-0.41%

6M

6.37%

1Y

21.51%

5Y (annualized)

4.53%

10Y (annualized)

4.28%

VOO

YTD

26.16%

1M

1.77%

6M

13.62%

1Y

32.33%

5Y (annualized)

15.68%

10Y (annualized)

13.18%

Key characteristics


FFFFXVOO
Sharpe Ratio2.032.70
Sortino Ratio2.863.60
Omega Ratio1.371.50
Calmar Ratio1.013.90
Martin Ratio12.6617.65
Ulcer Index1.72%1.86%
Daily Std Dev10.70%12.19%
Max Drawdown-53.24%-33.99%
Current Drawdown-4.63%-0.86%

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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.


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 VOO: 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%

Correlation

-0.50.00.51.00.9

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FFFFX, currently valued at 2.03, compared to the broader market-1.000.001.002.003.004.005.002.032.70
The chart of Sortino ratio for FFFFX, currently valued at 2.86, compared to the broader market0.005.0010.002.863.60
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 market0.0020.0040.0060.0080.00100.0012.6617.65
FFFFX
VOO

The current FFFFX Sharpe Ratio is 2.03, which is comparable to the VOO Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of FFFFX and VOO, 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
2.70
FFFFX
VOO

Dividends

FFFFX vs. VOO - Dividend Comparison

FFFFX's dividend yield for the trailing twelve months is around 1.15%, less than VOO's 1.24% 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%
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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.63%
-0.86%
FFFFX
VOO

Volatility

FFFFX vs. VOO - Volatility Comparison

The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 2.87%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.99%. 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.87%
3.99%
FFFFX
VOO