FFOLX vs. FFOPX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX).
FFOLX is managed by Fidelity. It was launched on Oct 2, 2009. FFOPX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFOLX or FFOPX.
Key characteristics
| FFOLX | FFOPX | |
|---|---|---|
| YTD Return | 13.35% | 13.34% |
| 1Y Return | 21.60% | 21.57% |
| 3Y Return (Ann) | 4.70% | 4.70% |
| 5Y Return (Ann) | 9.99% | 9.99% |
| Sharpe Ratio | 1.92 | 1.93 |
| Daily Std Dev | 11.33% | 11.29% |
| Max Drawdown | -30.72% | -30.71% |
| Current Drawdown | -0.53% | -0.53% |
Correlation
The correlation between FFOLX and FFOPX is 1.00, 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
FFOLX vs. FFOPX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FFOLX having a 13.35% return and FFOPX slightly lower at 13.34%. 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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FFOLX vs. FFOPX - Expense Ratio Comparison
Both FFOLX and FFOPX 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
FFOLX vs. FFOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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
FFOLX vs. FFOPX - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 1.77%, which matches FFOPX's 1.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 1.77% | 1.98% | 2.08% | 2.03% | 1.97% | 14.93% | 2.36% | 1.94% | 2.05% | 2.02% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.77% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.38% | 2.09% | 2.14% | 4.02% |
Drawdowns
FFOLX vs. FFOPX - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -30.72%, roughly equal to the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FFOLX and FFOPX. For additional features, visit the drawdowns tool.
Volatility
FFOLX vs. FFOPX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) have volatilities of 3.78% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.