FFFGX vs. TQQQ
Compare and contrast key facts about Fidelity Freedom 2045 Fund (FFFGX) and ProShares UltraPro QQQ (TQQQ).
FFFGX is managed by Fidelity. It was launched on Jun 1, 2006. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFGX or TQQQ.
Correlation
The correlation between FFFGX and TQQQ is 0.83, 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
FFFGX vs. TQQQ - Performance Comparison
Key characteristics
FFFGX:
1.56
TQQQ:
1.11
FFFGX:
2.17
TQQQ:
1.61
FFFGX:
1.28
TQQQ:
1.21
FFFGX:
1.25
TQQQ:
1.42
FFFGX:
8.30
TQQQ:
4.60
FFFGX:
2.20%
TQQQ:
13.17%
FFFGX:
11.69%
TQQQ:
54.51%
FFFGX:
-56.42%
TQQQ:
-81.66%
FFFGX:
-0.11%
TQQQ:
-3.39%
Returns By Period
In the year-to-date period, FFFGX achieves a 5.70% return, which is significantly lower than TQQQ's 13.52% return. Over the past 10 years, FFFGX has underperformed TQQQ with an annualized return of 4.58%, while TQQQ has yielded a comparatively higher 35.61% annualized return.
FFFGX
5.70%
4.47%
6.17%
15.98%
4.69%
4.58%
TQQQ
13.52%
11.07%
31.73%
54.32%
26.67%
35.61%
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FFFGX vs. TQQQ - Expense Ratio Comparison
FFFGX has a 0.75% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
FFFGX vs. TQQQ — Risk-Adjusted Performance Rank
FFFGX
TQQQ
FFFGX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund (FFFGX) and ProShares UltraPro QQQ (TQQQ). 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
FFFGX vs. TQQQ - Dividend Comparison
FFFGX's dividend yield for the trailing twelve months is around 1.14%, more than TQQQ's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFGX Fidelity Freedom 2045 Fund | 1.14% | 1.21% | 1.26% | 2.12% | 2.28% | 1.04% | 1.48% | 1.66% | 1.11% | 1.43% | 4.17% | 4.57% |
TQQQ ProShares UltraPro QQQ | 1.12% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
FFFGX vs. TQQQ - Drawdown Comparison
The maximum FFFGX drawdown since its inception was -56.42%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FFFGX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
FFFGX vs. TQQQ - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund (FFFGX) is 3.20%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.10%. This indicates that FFFGX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.