FFOPX vs. JEPQ
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
FFOPX is managed by Fidelity. It was launched on Oct 2, 2009. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFOPX or JEPQ.
Key characteristics
| FFOPX | JEPQ | |
|---|---|---|
| YTD Return | 16.31% | 23.36% |
| 1Y Return | 27.42% | 29.05% |
| Sharpe Ratio | 2.56 | 2.38 |
| Sortino Ratio | 3.55 | 3.11 |
| Omega Ratio | 1.47 | 1.49 |
| Calmar Ratio | 2.46 | 2.71 |
| Martin Ratio | 16.72 | 11.74 |
| Ulcer Index | 1.64% | 2.48% |
| Daily Std Dev | 10.74% | 12.20% |
| Max Drawdown | -30.71% | -16.82% |
| Current Drawdown | -0.95% | 0.00% |
Correlation
The correlation between FFOPX and JEPQ is 0.85, 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. JEPQ - Performance Comparison
In the year-to-date period, FFOPX achieves a 16.31% return, which is significantly lower than JEPQ's 23.36% return. 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. JEPQ - Expense Ratio Comparison
FFOPX has a 0.08% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Risk-Adjusted Performance
FFOPX vs. JEPQ - 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 JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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. JEPQ - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 1.73%, less than JEPQ's 9.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.73% | 1.98% | 2.01% | 1.62% | 1.41% | 1.81% | 2.24% | 1.76% | 2.09% | 2.01% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.35% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFOPX vs. JEPQ - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -30.71%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for FFOPX and JEPQ. For additional features, visit the drawdowns tool.
Volatility
FFOPX vs. JEPQ - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) is 2.99%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.39%. This indicates that FFOPX experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.