FFLEX vs. PMJIX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and PIMCO RAE US Small Fund (PMJIX).
FFLEX is managed by Fidelity. It was launched on Aug 5, 2014. PMJIX is managed by PIMCO. It was launched on Jun 5, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLEX or PMJIX.
Key characteristics
| FFLEX | PMJIX | |
|---|---|---|
| YTD Return | 15.95% | 25.96% |
| 1Y Return | 24.24% | 39.90% |
| 3Y Return (Ann) | 4.20% | -8.72% |
| 5Y Return (Ann) | 9.75% | 3.31% |
| Sharpe Ratio | 2.51 | 2.43 |
| Sortino Ratio | 3.49 | 3.40 |
| Omega Ratio | 1.46 | 1.42 |
| Calmar Ratio | 2.95 | 0.96 |
| Martin Ratio | 16.48 | 16.08 |
| Ulcer Index | 1.64% | 2.84% |
| Daily Std Dev | 10.77% | 18.77% |
| Max Drawdown | -30.71% | -53.73% |
| Current Drawdown | -1.26% | -25.27% |
Correlation
The correlation between FFLEX and PMJIX is 0.78, 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. PMJIX - Performance Comparison
In the year-to-date period, FFLEX achieves a 15.95% return, which is significantly lower than PMJIX's 25.96% 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. PMJIX - Expense Ratio Comparison
FFLEX has a 0.08% expense ratio, which is lower than PMJIX's 0.50% expense ratio.
Risk-Adjusted Performance
FFLEX vs. PMJIX - 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 PIMCO RAE US Small Fund (PMJIX). 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. PMJIX - Dividend Comparison
FFLEX's dividend yield for the trailing twelve months is around 1.70%, more than PMJIX's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PMJIX PIMCO RAE US Small Fund | 1.20% | 1.51% | 1.41% | 2.08% | 1.56% | 1.55% | 0.92% | 1.43% | 1.24% | 0.41% |
Drawdowns
FFLEX vs. PMJIX - Drawdown Comparison
The maximum FFLEX drawdown since its inception was -30.71%, smaller than the maximum PMJIX drawdown of -53.73%. Use the drawdown chart below to compare losses from any high point for FFLEX and PMJIX. For additional features, visit the drawdowns tool.
Volatility
FFLEX vs. PMJIX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) is 2.84%, while PIMCO RAE US Small Fund (PMJIX) has a volatility of 6.61%. This indicates that FFLEX experiences smaller price fluctuations and is considered to be less risky than PMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.