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.
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
Key characteristics
FFLEX:
1.57
RLBGX:
0.99
FFLEX:
2.16
RLBGX:
1.27
FFLEX:
1.29
RLBGX:
1.20
FFLEX:
2.44
RLBGX:
1.20
FFLEX:
9.81
RLBGX:
6.29
FFLEX:
1.72%
RLBGX:
1.60%
FFLEX:
10.78%
RLBGX:
10.13%
FFLEX:
-30.71%
RLBGX:
-22.33%
FFLEX:
-3.49%
RLBGX:
-7.66%
Returns By Period
In the year-to-date period, FFLEX achieves a 14.71% return, which is significantly higher than RLBGX's 8.69% return.
FFLEX
14.71%
-0.54%
5.22%
15.62%
8.83%
N/A
RLBGX
8.69%
-5.39%
-0.46%
9.34%
7.25%
8.48%
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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 1.72%, more than RLBGX's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RLBGX American Funds American Balanced Fund Class R-6 | 1.19% | 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
The current volatility for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) is 3.25%, while American Funds American Balanced Fund Class R-6 (RLBGX) has a volatility of 6.21%. This indicates that FFLEX experiences smaller price fluctuations and is considered to be less risky than RLBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.