FFLEX vs. VOO
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Vanguard S&P 500 ETF (VOO).
FFLEX is managed by Fidelity. It was launched on Aug 5, 2014. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLEX or VOO.
Key characteristics
| FFLEX | VOO | |
|---|---|---|
| YTD Return | 17.18% | 27.15% |
| 1Y Return | 29.61% | 39.90% |
| 3Y Return (Ann) | 4.55% | 10.28% |
| 5Y Return (Ann) | 10.08% | 16.00% |
| Sharpe Ratio | 2.68 | 3.15 |
| Sortino Ratio | 3.71 | 4.19 |
| Omega Ratio | 1.49 | 1.59 |
| Calmar Ratio | 2.40 | 4.60 |
| Martin Ratio | 17.60 | 21.00 |
| Ulcer Index | 1.64% | 1.85% |
| Daily Std Dev | 10.78% | 12.34% |
| Max Drawdown | -30.71% | -33.99% |
| Current Drawdown | -0.21% | 0.00% |
Correlation
The correlation between FFLEX and VOO 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. VOO - Performance Comparison
In the year-to-date period, FFLEX achieves a 17.18% return, which is significantly lower than VOO's 27.15% 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. VOO - Expense Ratio Comparison
FFLEX has a 0.08% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
FFLEX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FFLEX's dividend yield for the trailing twelve months is around 1.68%, more than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FFLEX vs. VOO - Drawdown Comparison
The maximum FFLEX drawdown since its inception was -30.71%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFLEX and VOO. For additional features, visit the drawdowns tool.
Volatility
FFLEX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) is 2.92%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. This indicates that FFLEX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.