FFLDX vs. FFLEX
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX).
FFLDX is managed by Fidelity. FFLEX is managed by Fidelity. It was launched on Aug 5, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLDX or FFLEX.
Performance
FFLDX vs. FFLEX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FFLDX having a 16.25% return and FFLEX slightly higher at 16.26%.
FFLDX
16.25%
1.14%
7.67%
23.07%
10.05%
N/A
FFLEX
16.26%
1.13%
7.68%
23.13%
9.84%
N/A
Key characteristics
| FFLDX | FFLEX | |
|---|---|---|
| Sharpe Ratio | 2.21 | 2.18 |
| Sortino Ratio | 3.09 | 3.01 |
| Omega Ratio | 1.40 | 1.40 |
| Calmar Ratio | 3.25 | 2.89 |
| Martin Ratio | 14.04 | 13.87 |
| Ulcer Index | 1.64% | 1.67% |
| Daily Std Dev | 10.45% | 10.59% |
| Max Drawdown | -30.72% | -30.71% |
| Current Drawdown | -1.03% | -1.00% |
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FFLDX vs. FFLEX - Expense Ratio Comparison
Both FFLDX and FFLEX 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%.
Correlation
The correlation between FFLDX and FFLEX is 1.00, 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.
Risk-Adjusted Performance
FFLDX vs. FFLEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX). 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
FFLDX vs. FFLEX - Dividend Comparison
FFLDX's dividend yield for the trailing twelve months is around 1.72%, more than FFLEX's 1.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFLDX Fidelity Freedom Index 2055 Fund | 1.72% | 1.96% | 1.98% | 1.61% | 1.39% | 1.71% | 2.20% | 1.73% | 2.26% | 2.30% |
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 1.70% | 1.94% | 1.96% | 1.59% | 1.37% | 1.60% | 2.15% | 1.69% | 2.14% | 1.79% |
Drawdowns
FFLDX vs. FFLEX - Drawdown Comparison
The maximum FFLDX drawdown since its inception was -30.72%, roughly equal to the maximum FFLEX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FFLDX and FFLEX. For additional features, visit the drawdowns tool.
Volatility
FFLDX vs. FFLEX - Volatility Comparison
Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) have volatilities of 2.89% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.