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FFLDX vs. FFNOX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FFLDX vs. FFNOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Multi-Asset Index Fund (FFNOX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.42%
6.98%
FFLDX
FFNOX

Returns By Period

In the year-to-date period, FFLDX achieves a 15.31% return, which is significantly higher than FFNOX's 12.23% return.


FFLDX

YTD

15.31%

1M

-0.72%

6M

6.64%

1Y

22.41%

5Y (annualized)

9.89%

10Y (annualized)

N/A

FFNOX

YTD

12.23%

1M

-0.70%

6M

6.21%

1Y

17.86%

5Y (annualized)

7.13%

10Y (annualized)

7.41%

Key characteristics


FFLDXFFNOX
Sharpe Ratio2.111.65
Sortino Ratio2.972.26
Omega Ratio1.381.30
Calmar Ratio2.981.26
Martin Ratio13.468.83
Ulcer Index1.64%1.99%
Daily Std Dev10.45%10.62%
Max Drawdown-30.72%-48.68%
Current Drawdown-1.83%-1.80%

Compare stocks, funds, or ETFs

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FFLDX vs. FFNOX - Expense Ratio Comparison

FFLDX has a 0.08% expense ratio, which is lower than FFNOX's 0.11% 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%.


FFNOX
Fidelity Multi-Asset Index Fund
Expense ratio chart for FFNOX: current value at 0.11% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.11%
Expense ratio chart for FFLDX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.01.0

The correlation between FFLDX and FFNOX 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.

Risk-Adjusted Performance

FFLDX vs. FFNOX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Multi-Asset Index Fund (FFNOX). 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.


Sharpe ratio
The chart of Sharpe ratio for FFLDX, currently valued at 2.11, compared to the broader market-1.000.001.002.003.004.005.002.111.65
The chart of Sortino ratio for FFLDX, currently valued at 2.97, compared to the broader market0.005.0010.002.972.26
The chart of Omega ratio for FFLDX, currently valued at 1.38, compared to the broader market1.002.003.004.001.381.30
The chart of Calmar ratio for FFLDX, currently valued at 2.98, compared to the broader market0.005.0010.0015.0020.0025.002.981.26
The chart of Martin ratio for FFLDX, currently valued at 13.46, compared to the broader market0.0020.0040.0060.0080.00100.0013.468.83
FFLDX
FFNOX

The current FFLDX Sharpe Ratio is 2.11, which is comparable to the FFNOX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FFLDX and FFNOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.11
1.65
FFLDX
FFNOX

Dividends

FFLDX vs. FFNOX - Dividend Comparison

FFLDX's dividend yield for the trailing twelve months is around 1.73%, less than FFNOX's 1.86% yield.


TTM20232022202120202019201820172016201520142013
FFLDX
Fidelity Freedom Index 2055 Fund
1.73%1.96%1.98%1.61%1.39%1.71%2.20%1.73%2.26%2.30%0.00%0.00%
FFNOX
Fidelity Multi-Asset Index Fund
1.86%3.83%2.04%1.87%1.59%2.25%2.25%1.86%2.09%2.50%4.56%3.75%

Drawdowns

FFLDX vs. FFNOX - Drawdown Comparison

The maximum FFLDX drawdown since its inception was -30.72%, smaller than the maximum FFNOX drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for FFLDX and FFNOX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.83%
-1.80%
FFLDX
FFNOX

Volatility

FFLDX vs. FFNOX - Volatility Comparison

Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Multi-Asset Index Fund (FFNOX) have volatilities of 2.97% and 2.83%, 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.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.97%
2.83%
FFLDX
FFNOX