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:
0.49
VOO:
0.32
FFIZX:
0.78
VOO:
0.57
FFIZX:
1.11
VOO:
1.08
FFIZX:
0.52
VOO:
0.32
FFIZX:
2.49
VOO:
1.42
FFIZX:
2.81%
VOO:
4.19%
FFIZX:
14.22%
VOO:
18.73%
FFIZX:
-38.82%
VOO:
-33.99%
FFIZX:
-8.09%
VOO:
-13.85%
Returns By Period
In the year-to-date period, FFIZX achieves a -3.49% return, which is significantly higher than VOO's -9.88% return.
FFIZX
-3.49%
-5.26%
-5.70%
7.35%
10.30%
N/A
VOO
-9.88%
-6.86%
-9.35%
6.85%
14.69%
11.66%
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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 2.31%, more than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.31% | 2.23% | 2.00% | 2.13% | 2.08% | 2.02% | 18.32% | 2.32% | 1.86% | 2.04% | 2.04% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.44% | 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 9.76%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.31%. 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.