FHALX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Freedom Blend Income Fund Class M (FHALX) and Invesco QQQ (QQQ).
FHALX is managed by Fidelity. It was launched on Aug 31, 2018. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHALX or QQQ.
Correlation
The correlation between FHALX and QQQ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHALX vs. QQQ - Performance Comparison
Key characteristics
FHALX:
1.44
QQQ:
1.40
FHALX:
2.10
QQQ:
1.90
FHALX:
1.26
QQQ:
1.25
FHALX:
0.68
QQQ:
1.88
FHALX:
4.99
QQQ:
6.51
FHALX:
1.28%
QQQ:
3.92%
FHALX:
4.46%
QQQ:
18.23%
FHALX:
-18.22%
QQQ:
-82.98%
FHALX:
-3.08%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, FHALX achieves a 2.00% return, which is significantly lower than QQQ's 5.09% return.
FHALX
2.00%
1.07%
1.14%
6.63%
0.81%
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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FHALX vs. QQQ - Expense Ratio Comparison
FHALX has a 0.91% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FHALX vs. QQQ — Risk-Adjusted Performance Rank
FHALX
QQQ
FHALX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend Income Fund Class M (FHALX) and Invesco QQQ (QQQ). 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
FHALX vs. QQQ - Dividend Comparison
FHALX's dividend yield for the trailing twelve months is around 2.39%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHALX Fidelity Advisor Freedom Blend Income Fund Class M | 2.39% | 2.49% | 2.37% | 2.69% | 1.82% | 0.53% | 1.26% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FHALX vs. QQQ - Drawdown Comparison
The maximum FHALX drawdown since its inception was -18.22%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FHALX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FHALX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Blend Income Fund Class M (FHALX) is 1.02%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that FHALX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.