FFGZX vs. FFEZX
Compare and contrast key facts about Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX).
FFGZX is managed by Fidelity. It was launched on Oct 2, 2009. FFEZX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFGZX or FFEZX.
Key characteristics
| FFGZX | FFEZX | |
|---|---|---|
| YTD Return | 5.97% | 13.73% |
| 1Y Return | 12.19% | 24.86% |
| 3Y Return (Ann) | 0.36% | 2.98% |
| 5Y Return (Ann) | 1.55% | 8.45% |
| Sharpe Ratio | 2.73 | 2.71 |
| Sortino Ratio | 4.21 | 3.91 |
| Omega Ratio | 1.52 | 1.51 |
| Calmar Ratio | 1.26 | 1.90 |
| Martin Ratio | 15.89 | 17.70 |
| Ulcer Index | 0.77% | 1.36% |
| Daily Std Dev | 4.50% | 8.87% |
| Max Drawdown | -15.28% | -28.46% |
| Current Drawdown | -0.98% | -0.08% |
Correlation
The correlation between FFGZX and FFEZX is 0.76, 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
FFGZX vs. FFEZX - Performance Comparison
In the year-to-date period, FFGZX achieves a 5.97% return, which is significantly lower than FFEZX's 13.73% 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. FFEZX - Expense Ratio Comparison
Both FFGZX and FFEZX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FFGZX vs. FFEZX - 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 Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX). 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. FFEZX - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 3.32%, more than FFEZX's 1.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class | 1.98% | 2.13% | 1.98% | 1.57% | 1.43% | 1.86% | 2.21% | 1.76% | 1.96% | 2.04% |
Drawdowns
FFGZX vs. FFEZX - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -15.28%, smaller than the maximum FFEZX drawdown of -28.46%. Use the drawdown chart below to compare losses from any high point for FFGZX and FFEZX. For additional features, visit the drawdowns tool.
Volatility
FFGZX vs. FFEZX - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) is 1.12%, while Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) has a volatility of 2.30%. This indicates that FFGZX experiences smaller price fluctuations and is considered to be less risky than FFEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.