FHAOX vs. QQQM
Compare and contrast key facts about Fidelity Freedom Blend 2055 Fund (FHAOX) and Invesco NASDAQ 100 ETF (QQQM).
FHAOX is managed by Fidelity. It was launched on Aug 31, 2018. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHAOX or QQQM.
Correlation
The correlation between FHAOX and QQQM is 0.83, 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
FHAOX vs. QQQM - Performance Comparison
Key characteristics
FHAOX:
1.36
QQQM:
1.41
FHAOX:
1.91
QQQM:
1.91
FHAOX:
1.25
QQQM:
1.26
FHAOX:
1.72
QQQM:
1.89
FHAOX:
7.09
QQQM:
6.54
FHAOX:
2.24%
QQQM:
3.91%
FHAOX:
11.63%
QQQM:
18.17%
FHAOX:
-32.57%
QQQM:
-35.05%
FHAOX:
-0.45%
QQQM:
-0.41%
Returns By Period
In the year-to-date period, FHAOX achieves a 5.41% return, which is significantly higher than QQQM's 5.10% return.
FHAOX
5.41%
2.08%
5.50%
16.14%
6.56%
N/A
QQQM
5.10%
2.35%
13.51%
27.08%
N/A
N/A
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FHAOX vs. QQQM - Expense Ratio Comparison
FHAOX has a 0.49% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
FHAOX vs. QQQM — Risk-Adjusted Performance Rank
FHAOX
QQQM
FHAOX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2055 Fund (FHAOX) and Invesco NASDAQ 100 ETF (QQQM). 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
FHAOX vs. QQQM - Dividend Comparison
FHAOX's dividend yield for the trailing twelve months is around 1.55%, more than QQQM's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FHAOX Fidelity Freedom Blend 2055 Fund | 1.55% | 1.63% | 1.61% | 2.35% | 2.43% | 1.18% | 1.60% | 1.78% |
QQQM Invesco NASDAQ 100 ETF | 0.58% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% |
Drawdowns
FHAOX vs. QQQM - Drawdown Comparison
The maximum FHAOX drawdown since its inception was -32.57%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for FHAOX and QQQM. For additional features, visit the drawdowns tool.
Volatility
FHAOX vs. QQQM - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2055 Fund (FHAOX) is 2.94%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.66%. This indicates that FHAOX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.