FFGZX vs. BND
Compare and contrast key facts about Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Vanguard Total Bond Market ETF (BND).
FFGZX is managed by Fidelity. It was launched on Oct 2, 2009. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFGZX or BND.
Key characteristics
| FFGZX | BND | |
|---|---|---|
| YTD Return | 5.89% | 2.21% |
| 1Y Return | 11.38% | 7.89% |
| 3Y Return (Ann) | 0.38% | -2.35% |
| 5Y Return (Ann) | 1.54% | -0.03% |
| Sharpe Ratio | 2.53 | 1.41 |
| Sortino Ratio | 3.85 | 2.07 |
| Omega Ratio | 1.48 | 1.25 |
| Calmar Ratio | 1.15 | 0.52 |
| Martin Ratio | 14.89 | 5.09 |
| Ulcer Index | 0.76% | 1.62% |
| Daily Std Dev | 4.50% | 5.85% |
| Max Drawdown | -15.28% | -18.84% |
| Current Drawdown | -1.06% | -8.62% |
Correlation
The correlation between FFGZX and BND is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FFGZX vs. BND - Performance Comparison
In the year-to-date period, FFGZX achieves a 5.89% return, which is significantly higher than BND's 2.21% 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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FFGZX vs. BND - Expense Ratio Comparison
FFGZX has a 0.08% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FFGZX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Vanguard Total Bond Market ETF (BND). 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
FFGZX vs. BND - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 3.32%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.32% | 2.88% | 2.91% | 1.48% | 1.29% | 2.14% | 2.10% | 1.59% | 1.58% | 1.17% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FFGZX vs. BND - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -15.28%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FFGZX and BND. For additional features, visit the drawdowns tool.
Volatility
FFGZX vs. BND - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) is 1.11%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.65%. This indicates that FFGZX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.