FFIKX vs. TVIIX
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) and TIAA-CREF Lifecycle Index 2060 Fund (TVIIX).
FFIKX is managed by Fidelity. It was launched on Jun 28, 2019. TVIIX is managed by TIAA Investments. It was launched on Sep 25, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFIKX or TVIIX.
Key characteristics
| FFIKX | TVIIX | |
|---|---|---|
| YTD Return | 16.33% | 17.68% |
| 1Y Return | 27.38% | 28.41% |
| 3Y Return (Ann) | 4.25% | 5.26% |
| 5Y Return (Ann) | 9.68% | 11.05% |
| Sharpe Ratio | 2.55 | 2.34 |
| Sortino Ratio | 3.53 | 3.16 |
| Omega Ratio | 1.47 | 1.46 |
| Calmar Ratio | 2.42 | 3.00 |
| Martin Ratio | 16.64 | 16.41 |
| Ulcer Index | 1.65% | 1.73% |
| Daily Std Dev | 10.76% | 12.12% |
| Max Drawdown | -30.69% | -32.04% |
| Current Drawdown | -0.98% | -0.87% |
Correlation
The correlation between FFIKX and TVIIX is 0.99, 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
FFIKX vs. TVIIX - Performance Comparison
In the year-to-date period, FFIKX achieves a 16.33% return, which is significantly lower than TVIIX's 17.68% 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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FFIKX vs. TVIIX - Expense Ratio Comparison
FFIKX has a 0.08% expense ratio, which is lower than TVIIX's 0.10% expense ratio. Despite the difference, 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
FFIKX vs. TVIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) and TIAA-CREF Lifecycle Index 2060 Fund (TVIIX). 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
FFIKX vs. TVIIX - Dividend Comparison
FFIKX's dividend yield for the trailing twelve months is around 1.64%, less than TVIIX's 1.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FFIKX Fidelity Freedom Index 2065 Fund Institutional Premium Class | 1.64% | 1.91% | 1.94% | 1.52% | 1.23% | 1.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TVIIX TIAA-CREF Lifecycle Index 2060 Fund | 1.73% | 2.04% | 1.94% | 1.89% | 1.57% | 2.63% | 2.39% | 1.91% | 2.12% | 2.22% | 2.13% |
Drawdowns
FFIKX vs. TVIIX - Drawdown Comparison
The maximum FFIKX drawdown since its inception was -30.69%, roughly equal to the maximum TVIIX drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for FFIKX and TVIIX. For additional features, visit the drawdowns tool.
Volatility
FFIKX vs. TVIIX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) is 2.98%, while TIAA-CREF Lifecycle Index 2060 Fund (TVIIX) has a volatility of 3.15%. This indicates that FFIKX experiences smaller price fluctuations and is considered to be less risky than TVIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.