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FFLEX vs. FNILX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FFLEX and FNILX is 0.96, 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.


-0.50.00.51.01.0

Performance

FFLEX vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Fidelity ZERO Large Cap Index Fund (FNILX). The values are adjusted to include any dividend payments, if applicable.

60.00%80.00%100.00%120.00%140.00%JulyAugustSeptemberOctoberNovemberDecember
68.97%
125.10%
FFLEX
FNILX

Key characteristics

Sharpe Ratio

FFLEX:

1.57

FNILX:

2.13

Sortino Ratio

FFLEX:

2.16

FNILX:

2.84

Omega Ratio

FFLEX:

1.29

FNILX:

1.39

Calmar Ratio

FFLEX:

2.44

FNILX:

3.15

Martin Ratio

FFLEX:

9.81

FNILX:

13.80

Ulcer Index

FFLEX:

1.72%

FNILX:

1.97%

Daily Std Dev

FFLEX:

10.78%

FNILX:

12.77%

Max Drawdown

FFLEX:

-30.71%

FNILX:

-33.75%

Current Drawdown

FFLEX:

-3.49%

FNILX:

-3.70%

Returns By Period

In the year-to-date period, FFLEX achieves a 14.71% return, which is significantly lower than FNILX's 25.28% return.


FFLEX

YTD

14.71%

1M

-0.54%

6M

5.22%

1Y

15.62%

5Y*

8.83%

10Y*

N/A

FNILX

YTD

25.28%

1M

-0.61%

6M

8.70%

1Y

25.91%

5Y*

14.69%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FFLEX vs. FNILX - Expense Ratio Comparison

FFLEX has a 0.08% expense ratio, which is higher than FNILX's 0.00% 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%.


FFLEX
Fidelity Freedom Index 2060 Fund Institutional Premium Class
Expense ratio chart for FFLEX: 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%
Expense ratio chart for FNILX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

FFLEX vs. FNILX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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 FFLEX, currently valued at 1.57, compared to the broader market-1.000.001.002.003.004.001.572.13
The chart of Sortino ratio for FFLEX, currently valued at 2.16, compared to the broader market-2.000.002.004.006.008.0010.002.162.84
The chart of Omega ratio for FFLEX, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.003.501.291.39
The chart of Calmar ratio for FFLEX, currently valued at 2.44, compared to the broader market0.002.004.006.008.0010.0012.0014.002.443.15
The chart of Martin ratio for FFLEX, currently valued at 9.81, compared to the broader market0.0020.0040.0060.009.8113.80
FFLEX
FNILX

The current FFLEX Sharpe Ratio is 1.57, which is comparable to the FNILX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FFLEX and FNILX, 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 Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.57
2.13
FFLEX
FNILX

Dividends

FFLEX vs. FNILX - Dividend Comparison

FFLEX's dividend yield for the trailing twelve months is around 1.72%, more than FNILX's 0.02% yield.


TTM202320222021202020192018201720162015
FFLEX
Fidelity Freedom Index 2060 Fund Institutional Premium Class
1.72%1.94%1.96%1.59%1.37%1.60%2.15%1.69%2.14%1.79%
FNILX
Fidelity ZERO Large Cap Index Fund
0.02%1.34%1.53%0.95%1.20%1.17%0.41%0.00%0.00%0.00%

Drawdowns

FFLEX vs. FNILX - Drawdown Comparison

The maximum FFLEX drawdown since its inception was -30.71%, smaller than the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FFLEX and FNILX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.49%
-3.70%
FFLEX
FNILX

Volatility

FFLEX vs. FNILX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) is 3.25%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.08%. This indicates that FFLEX experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.25%
4.08%
FFLEX
FNILX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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