FFIJX vs. FXNAX
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) and Fidelity U.S. Bond Index Fund (FXNAX).
FFIJX is managed by Fidelity. It was launched on Jun 28, 2019. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFIJX or FXNAX.
Key characteristics
| FFIJX | FXNAX | |
|---|---|---|
| YTD Return | 17.14% | 2.51% |
| 1Y Return | 29.61% | 8.95% |
| 3Y Return (Ann) | 4.44% | -2.32% |
| 5Y Return (Ann) | 9.77% | -0.20% |
| Sharpe Ratio | 2.69 | 1.29 |
| Sortino Ratio | 3.72 | 1.93 |
| Omega Ratio | 1.50 | 1.23 |
| Calmar Ratio | 2.35 | 0.46 |
| Martin Ratio | 17.48 | 4.38 |
| Ulcer Index | 1.65% | 1.69% |
| Daily Std Dev | 10.73% | 5.88% |
| Max Drawdown | -30.68% | -19.64% |
| Current Drawdown | -0.20% | -9.30% |
Correlation
The correlation between FFIJX and FXNAX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FFIJX vs. FXNAX - Performance Comparison
In the year-to-date period, FFIJX achieves a 17.14% return, which is significantly higher than FXNAX's 2.51% 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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FFIJX vs. FXNAX - Expense Ratio Comparison
FFIJX has a 0.12% expense ratio, which is higher than FXNAX'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
FFIJX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
FFIJX vs. FXNAX - Dividend Comparison
FFIJX's dividend yield for the trailing twelve months is around 1.59%, less than FXNAX's 3.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIJX Fidelity Freedom Index 2065 Fund Investor Class | 1.59% | 1.87% | 1.89% | 1.46% | 1.20% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.29% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FFIJX vs. FXNAX - Drawdown Comparison
The maximum FFIJX drawdown since its inception was -30.68%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FFIJX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FFIJX vs. FXNAX - Volatility Comparison
Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) has a higher volatility of 2.90% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.63%. This indicates that FFIJX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.