FFOPX vs. AOA
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and iShares Core Aggressive Allocation ETF (AOA).
FFOPX is managed by Fidelity. It was launched on Oct 2, 2009. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFOPX or AOA.
Key characteristics
| FFOPX | AOA | |
|---|---|---|
| YTD Return | 15.19% | 15.19% |
| 1Y Return | 26.60% | 25.50% |
| 3Y Return (Ann) | 3.96% | 4.45% |
| 5Y Return (Ann) | 9.72% | 9.00% |
| Sharpe Ratio | 2.50 | 2.60 |
| Sortino Ratio | 3.47 | 3.65 |
| Omega Ratio | 1.47 | 1.48 |
| Calmar Ratio | 2.21 | 2.54 |
| Martin Ratio | 16.23 | 17.12 |
| Ulcer Index | 1.64% | 1.49% |
| Daily Std Dev | 10.68% | 9.80% |
| Max Drawdown | -30.71% | -28.38% |
| Current Drawdown | -1.44% | -0.53% |
Correlation
The correlation between FFOPX and AOA is 0.98, 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
FFOPX vs. AOA - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with FFOPX at 15.19% and AOA at 15.19%. 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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FFOPX vs. AOA - Expense Ratio Comparison
FFOPX has a 0.08% expense ratio, which is lower than AOA'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
FFOPX vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and iShares Core Aggressive Allocation ETF (AOA). 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
FFOPX vs. AOA - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 1.74%, less than AOA's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.74% | 1.98% | 2.01% | 1.62% | 1.41% | 1.81% | 2.24% | 1.76% | 2.09% | 2.01% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.10% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
FFOPX vs. AOA - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -30.71%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for FFOPX and AOA. For additional features, visit the drawdowns tool.
Volatility
FFOPX vs. AOA - Volatility Comparison
Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and iShares Core Aggressive Allocation ETF (AOA) have volatilities of 2.60% and 2.50%, 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.