FFLEX vs. RLBGX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and American Funds American Balanced Fund Class R-6 (RLBGX).
FFLEX is managed by Fidelity. It was launched on Aug 5, 2014. RLBGX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLEX or RLBGX.
Key characteristics
| FFLEX | RLBGX | |
|---|---|---|
| YTD Return | 17.18% | 16.95% |
| 1Y Return | 29.61% | 27.31% |
| 3Y Return (Ann) | 4.55% | 6.05% |
| 5Y Return (Ann) | 10.08% | 9.50% |
| Sharpe Ratio | 2.68 | 3.11 |
| Sortino Ratio | 3.71 | 4.42 |
| Omega Ratio | 1.49 | 1.60 |
| Calmar Ratio | 2.40 | 3.53 |
| Martin Ratio | 17.60 | 21.82 |
| Ulcer Index | 1.64% | 1.21% |
| Daily Std Dev | 10.78% | 8.48% |
| Max Drawdown | -30.71% | -22.33% |
| Current Drawdown | -0.21% | 0.00% |
Correlation
The correlation between FFLEX and RLBGX is 0.95, 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. RLBGX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FFLEX having a 17.18% return and RLBGX slightly lower at 16.95%. 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. RLBGX - Expense Ratio Comparison
FFLEX has a 0.08% expense ratio, which is lower than RLBGX's 0.25% 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
FFLEX vs. RLBGX - 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 American Funds American Balanced Fund Class R-6 (RLBGX). 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. RLBGX - Dividend Comparison
FFLEX's dividend yield for the trailing twelve months is around 1.68%, less than RLBGX's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 1.68% | 1.94% | 1.96% | 1.59% | 1.37% | 1.60% | 2.15% | 1.69% | 2.14% | 1.79% | 0.00% | 0.00% |
RLBGX American Funds American Balanced Fund Class R-6 | 2.40% | 2.66% | 2.02% | 1.50% | 1.63% | 2.20% | 2.41% | 2.07% | 2.07% | 2.84% | 8.51% | 1.83% |
Drawdowns
FFLEX vs. RLBGX - Drawdown Comparison
The maximum FFLEX drawdown since its inception was -30.71%, which is greater than RLBGX's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for FFLEX and RLBGX. For additional features, visit the drawdowns tool.
Volatility
FFLEX vs. RLBGX - Volatility Comparison
Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) has a higher volatility of 2.92% compared to American Funds American Balanced Fund Class R-6 (RLBGX) at 2.38%. This indicates that FFLEX's price experiences larger fluctuations and is considered to be riskier than RLBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.