FFLDX vs. FFNOX
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Multi-Asset Index Fund (FFNOX).
FFLDX is managed by Fidelity. FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLDX or FFNOX.
Correlation
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.
Performance
FFLDX vs. FFNOX - Performance Comparison
Key characteristics
FFLDX:
1.60
FFNOX:
1.02
FFLDX:
2.22
FFNOX:
1.37
FFLDX:
1.29
FFNOX:
1.19
FFLDX:
2.58
FFNOX:
1.14
FFLDX:
9.09
FFNOX:
4.72
FFLDX:
1.90%
FFNOX:
2.44%
FFLDX:
10.84%
FFNOX:
11.38%
FFLDX:
-34.74%
FFNOX:
-47.09%
FFLDX:
-1.43%
FFNOX:
-3.98%
Returns By Period
The year-to-date returns for both stocks are quite close, with FFLDX having a 2.62% return and FFNOX slightly lower at 2.58%.
FFLDX
2.62%
1.57%
6.46%
16.74%
8.88%
N/A
FFNOX
2.58%
-1.02%
3.29%
10.97%
6.11%
7.28%
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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%.
Risk-Adjusted Performance
FFLDX vs. FFNOX — Risk-Adjusted Performance Rank
FFLDX
FFNOX
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.
Dividends
FFLDX vs. FFNOX - Dividend Comparison
FFLDX's dividend yield for the trailing twelve months is around 1.96%, less than FFNOX's 2.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLDX Fidelity Freedom Index 2055 Fund | 1.96% | 2.01% | 1.96% | 1.98% | 1.61% | 1.39% | 1.71% | 2.20% | 1.73% | 2.26% | 2.30% | 0.00% |
FFNOX Fidelity Multi-Asset Index Fund | 2.09% | 2.14% | 3.83% | 2.04% | 1.87% | 1.59% | 2.25% | 2.25% | 1.86% | 2.09% | 2.50% | 4.56% |
Drawdowns
FFLDX vs. FFNOX - Drawdown Comparison
The maximum FFLDX drawdown since its inception was -34.74%, smaller than the maximum FFNOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for FFLDX and FFNOX. For additional features, visit the drawdowns tool.
Volatility
FFLDX vs. FFNOX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund (FFLDX) is 3.36%, while Fidelity Multi-Asset Index Fund (FFNOX) has a volatility of 4.66%. This indicates that FFLDX experiences smaller price fluctuations and is considered to be less risky than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.