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.
Correlation
The correlation between FFOLX 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
FFOLX vs. VOO - Performance Comparison
Key characteristics
FFOLX:
1.76
VOO:
2.21
FFOLX:
2.40
VOO:
2.93
FFOLX:
1.32
VOO:
1.41
FFOLX:
2.76
VOO:
3.35
FFOLX:
9.93
VOO:
14.09
FFOLX:
1.93%
VOO:
2.01%
FFOLX:
10.91%
VOO:
12.78%
FFOLX:
-37.04%
VOO:
-33.99%
FFOLX:
-1.31%
VOO:
-0.46%
Returns By Period
The year-to-date returns for both investments are quite close, with FFOLX having a 2.78% return and VOO slightly higher at 2.90%.
FFOLX
2.78%
2.30%
5.44%
17.89%
8.60%
N/A
VOO
2.90%
2.05%
9.63%
26.44%
14.54%
13.46%
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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.
Dividends
FFOLX vs. VOO - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 1.97%, more than VOO's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 1.97% | 2.02% | 1.98% | 2.02% | 1.62% | 1.41% | 1.80% | 2.24% | 1.78% | 2.00% | 2.02% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.21% | 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. For additional features, visit the drawdowns tool.
Volatility
FFOLX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) is 4.27%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.12%. 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.