PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FFOPX vs. FSKAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FFOPXFSKAX
YTD Return17.22%26.36%
1Y Return29.67%40.62%
3Y Return (Ann)4.56%8.73%
5Y Return (Ann)10.08%15.34%
Sharpe Ratio2.693.08
Sortino Ratio3.724.10
Omega Ratio1.501.57
Calmar Ratio2.404.22
Martin Ratio17.5920.10
Ulcer Index1.64%1.96%
Daily Std Dev10.75%12.80%
Max Drawdown-30.71%-35.01%
Current Drawdown-0.18%0.00%

Correlation

-0.50.00.51.01.0

The correlation between FFOPX and FSKAX 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.

Performance

FFOPX vs. FSKAX - Performance Comparison

In the year-to-date period, FFOPX achieves a 17.22% return, which is significantly lower than FSKAX's 26.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
9.86%
15.72%
FFOPX
FSKAX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FFOPX vs. FSKAX - Expense Ratio Comparison

FFOPX has a 0.08% expense ratio, which is higher than FSKAX's 0.02% 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%.


FFOPX
Fidelity Freedom Index 2050 Fund Institutional Premium Class
Expense ratio chart for FFOPX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%
Expense ratio chart for FSKAX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

FFOPX vs. FSKAX - 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 Fidelity Total Market Index Fund (FSKAX). 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.


FFOPX
Sharpe ratio
The chart of Sharpe ratio for FFOPX, currently valued at 2.69, compared to the broader market0.002.004.002.69
Sortino ratio
The chart of Sortino ratio for FFOPX, currently valued at 3.72, compared to the broader market0.005.0010.003.72
Omega ratio
The chart of Omega ratio for FFOPX, currently valued at 1.50, compared to the broader market1.002.003.004.001.50
Calmar ratio
The chart of Calmar ratio for FFOPX, currently valued at 2.40, compared to the broader market0.005.0010.0015.0020.0025.002.40
Martin ratio
The chart of Martin ratio for FFOPX, currently valued at 17.59, compared to the broader market0.0020.0040.0060.0080.00100.0017.59
FSKAX
Sharpe ratio
The chart of Sharpe ratio for FSKAX, currently valued at 3.08, compared to the broader market0.002.004.003.08
Sortino ratio
The chart of Sortino ratio for FSKAX, currently valued at 4.10, compared to the broader market0.005.0010.004.10
Omega ratio
The chart of Omega ratio for FSKAX, currently valued at 1.57, compared to the broader market1.002.003.004.001.57
Calmar ratio
The chart of Calmar ratio for FSKAX, currently valued at 4.22, compared to the broader market0.005.0010.0015.0020.0025.004.22
Martin ratio
The chart of Martin ratio for FSKAX, currently valued at 20.10, compared to the broader market0.0020.0040.0060.0080.00100.0020.10

FFOPX vs. FSKAX - Sharpe Ratio Comparison

The current FFOPX Sharpe Ratio is 2.69, which is comparable to the FSKAX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of FFOPX and FSKAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.69
3.08
FFOPX
FSKAX

Dividends

FFOPX vs. FSKAX - Dividend Comparison

FFOPX's dividend yield for the trailing twelve months is around 1.71%, more than FSKAX's 1.14% yield.


TTM20232022202120202019201820172016201520142013
FFOPX
Fidelity Freedom Index 2050 Fund Institutional Premium Class
1.71%1.98%2.01%1.62%1.41%1.81%2.24%1.76%2.09%2.01%0.00%0.00%
FSKAX
Fidelity Total Market Index Fund
1.14%1.41%1.62%1.15%1.45%1.80%2.06%1.66%1.82%1.96%1.63%1.54%

Drawdowns

FFOPX vs. FSKAX - Drawdown Comparison

The maximum FFOPX drawdown since its inception was -30.71%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FFOPX and FSKAX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.18%
0
FFOPX
FSKAX

Volatility

FFOPX vs. FSKAX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) is 2.92%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.09%. This indicates that FFOPX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
2.92%
4.09%
FFOPX
FSKAX