FFLEX vs. FTEC
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FFLEX is managed by Fidelity. It was launched on Aug 5, 2014. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLEX or FTEC.
Key characteristics
| FFLEX | FTEC | |
|---|---|---|
| YTD Return | 15.95% | 28.96% |
| 1Y Return | 24.24% | 37.69% |
| 3Y Return (Ann) | 4.20% | 12.48% |
| 5Y Return (Ann) | 9.75% | 22.84% |
| Sharpe Ratio | 2.51 | 1.94 |
| Sortino Ratio | 3.49 | 2.51 |
| Omega Ratio | 1.46 | 1.34 |
| Calmar Ratio | 2.95 | 2.68 |
| Martin Ratio | 16.48 | 9.66 |
| Ulcer Index | 1.64% | 4.23% |
| Daily Std Dev | 10.77% | 21.08% |
| Max Drawdown | -30.71% | -34.95% |
| Current Drawdown | -1.26% | -0.83% |
Correlation
The correlation between FFLEX and FTEC is 0.85, 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
FFLEX vs. FTEC - Performance Comparison
In the year-to-date period, FFLEX achieves a 15.95% return, which is significantly lower than FTEC's 28.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFLEX vs. FTEC - Expense Ratio Comparison
Both FFLEX and FTEC 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%.
Risk-Adjusted Performance
FFLEX vs. FTEC - 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 MSCI Information Technology Index ETF (FTEC). 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
FFLEX vs. FTEC - Dividend Comparison
FFLEX's dividend yield for the trailing twelve months is around 1.70%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FFLEX vs. FTEC - Drawdown Comparison
The maximum FFLEX drawdown since its inception was -30.71%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FFLEX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FFLEX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) is 2.84%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.03%. This indicates that FFLEX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.