Correlation
The correlation between FFOLX and VOO is 0.96, 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.
FFOLX vs. VOO
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Vanguard S&P 500 ETF (VOO).
FFOLX is managed by Fidelity. It was launched on Oct 2, 2009. 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: FFOLX or VOO.
Performance
FFOLX vs. VOO - Performance Comparison
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Key characteristics
FFOLX:
0.81
VOO:
0.72
FFOLX:
1.28
VOO:
1.14
FFOLX:
1.18
VOO:
1.17
FFOLX:
0.91
VOO:
0.76
FFOLX:
4.00
VOO:
2.87
FFOLX:
3.33%
VOO:
4.94%
FFOLX:
15.79%
VOO:
19.55%
FFOLX:
-37.04%
VOO:
-33.99%
FFOLX:
0.00%
VOO:
-2.99%
Returns By Period
In the year-to-date period, FFOLX achieves a 5.97% return, which is significantly higher than VOO's 1.48% return.
FFOLX
5.97%
3.61%
2.58%
12.69%
11.00%
10.62%
N/A
VOO
1.48%
4.65%
-1.16%
13.95%
14.76%
15.43%
12.96%
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FFOLX vs. VOO - Expense Ratio Comparison
FFOLX 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
FFOLX vs. VOO — Risk-Adjusted Performance Rank
FFOLX
VOO
FFOLX vs. VOO - 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 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.
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Dividends
FFOLX vs. VOO - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 2.01%, more than VOO's 1.28% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 2.01% | 2.04% | 1.98% | 2.08% | 2.03% | 1.97% | 14.93% | 2.36% | 1.94% | 2.05% | 2.04% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FFOLX vs. VOO - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -37.04%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFOLX and VOO.
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Volatility
FFOLX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) is 3.40%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that FFOLX 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.
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