FGTKX vs. RLBGX
Compare and contrast key facts about Fidelity Freedom 2030 Fund Class K6 (FGTKX) and American Funds American Balanced Fund Class R-6 (RLBGX).
FGTKX is managed by Fidelity. It was launched on Oct 17, 1996. RLBGX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGTKX or RLBGX.
Correlation
The correlation between FGTKX and RLBGX is 0.92, 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
FGTKX vs. RLBGX - Performance Comparison
Key characteristics
FGTKX:
1.38
RLBGX:
1.21
FGTKX:
1.98
RLBGX:
1.58
FGTKX:
1.25
RLBGX:
1.23
FGTKX:
0.81
RLBGX:
1.61
FGTKX:
6.54
RLBGX:
4.89
FGTKX:
1.78%
RLBGX:
2.42%
FGTKX:
8.49%
RLBGX:
9.81%
FGTKX:
-31.29%
RLBGX:
-22.33%
FGTKX:
-4.04%
RLBGX:
-2.96%
Returns By Period
The year-to-date returns for both stocks are quite close, with FGTKX having a 4.12% return and RLBGX slightly lower at 3.96%.
FGTKX
4.12%
1.73%
3.25%
12.01%
2.50%
N/A
RLBGX
3.96%
0.99%
2.10%
11.94%
6.27%
5.81%
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FGTKX vs. RLBGX - Expense Ratio Comparison
FGTKX has a 0.46% expense ratio, which is higher than RLBGX's 0.25% expense ratio.
Risk-Adjusted Performance
FGTKX vs. RLBGX — Risk-Adjusted Performance Rank
FGTKX
RLBGX
FGTKX vs. RLBGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund Class K6 (FGTKX) and American Funds American Balanced Fund Class R-6 (RLBGX). 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
FGTKX vs. RLBGX - Dividend Comparison
FGTKX's dividend yield for the trailing twelve months is around 2.44%, more than RLBGX's 2.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGTKX Fidelity Freedom 2030 Fund Class K6 | 2.44% | 2.54% | 2.14% | 2.85% | 2.60% | 1.30% | 1.92% | 2.11% | 1.33% | 0.00% | 0.00% | 0.00% |
RLBGX American Funds American Balanced Fund Class R-6 | 2.32% | 2.41% | 2.66% | 2.02% | 1.50% | 1.63% | 2.20% | 2.41% | 2.07% | 2.07% | 2.84% | 8.51% |
Drawdowns
FGTKX vs. RLBGX - Drawdown Comparison
The maximum FGTKX drawdown since its inception was -31.29%, which is greater than RLBGX's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for FGTKX and RLBGX. For additional features, visit the drawdowns tool.
Volatility
FGTKX vs. RLBGX - Volatility Comparison
The current volatility for Fidelity Freedom 2030 Fund Class K6 (FGTKX) is 2.09%, while American Funds American Balanced Fund Class R-6 (RLBGX) has a volatility of 2.34%. This indicates that FGTKX experiences smaller price fluctuations and is considered to be less risky than RLBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.