FFIZX vs. VOO
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Vanguard S&P 500 ETF (VOO).
FFIZX is managed by Fidelity. It was launched on Oct 2, 2009. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFIZX or VOO.
Correlation
The correlation between FFIZX and VOO is 0.95, 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
FFIZX vs. VOO - Performance Comparison
Key characteristics
FFIZX:
1.57
VOO:
1.96
FFIZX:
2.17
VOO:
2.62
FFIZX:
1.29
VOO:
1.36
FFIZX:
2.58
VOO:
2.99
FFIZX:
8.80
VOO:
12.55
FFIZX:
1.84%
VOO:
2.01%
FFIZX:
10.35%
VOO:
12.90%
FFIZX:
-38.82%
VOO:
-33.99%
FFIZX:
-1.55%
VOO:
-1.69%
Returns By Period
The year-to-date returns for both stocks are quite close, with FFIZX having a 2.40% return and VOO slightly lower at 2.31%.
FFIZX
2.40%
1.40%
5.95%
15.64%
8.52%
N/A
VOO
2.31%
0.76%
10.79%
24.60%
14.76%
13.71%
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FFIZX vs. VOO - Expense Ratio Comparison
FFIZX has a 0.08% expense ratio, which is higher than VOO'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
FFIZX vs. VOO — Risk-Adjusted Performance Rank
FFIZX
VOO
FFIZX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Vanguard S&P 500 ETF (VOO). 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
FFIZX vs. VOO - Dividend Comparison
FFIZX's dividend yield for the trailing twelve months is around 2.07%, more than VOO's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.07% | 2.12% | 2.00% | 2.01% | 1.62% | 1.43% | 1.87% | 2.25% | 1.77% | 1.99% | 2.04% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FFIZX vs. VOO - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -38.82%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFIZX and VOO. For additional features, visit the drawdowns tool.
Volatility
FFIZX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) is 3.18%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.22%. This indicates that FFIZX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.