Correlation
The correlation between FHAPX and NOSIX is 0.94, 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.
FHAPX vs. NOSIX
Compare and contrast key facts about Fidelity Freedom Blend 2050 Fund (FHAPX) and Northern Stock Index Fund (NOSIX).
FHAPX is managed by Fidelity. It was launched on Aug 31, 2018. NOSIX is managed by Northern Funds. It was launched on Oct 7, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHAPX or NOSIX.
Performance
FHAPX vs. NOSIX - Performance Comparison
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Key characteristics
FHAPX:
0.71
NOSIX:
0.70
FHAPX:
0.98
NOSIX:
1.04
FHAPX:
1.14
NOSIX:
1.15
FHAPX:
0.66
NOSIX:
0.69
FHAPX:
2.86
NOSIX:
2.62
FHAPX:
3.61%
NOSIX:
4.92%
FHAPX:
16.63%
NOSIX:
19.76%
FHAPX:
-31.30%
NOSIX:
-55.42%
FHAPX:
-0.30%
NOSIX:
-3.43%
Returns By Period
In the year-to-date period, FHAPX achieves a 6.00% return, which is significantly higher than NOSIX's 1.02% return.
FHAPX
6.00%
5.50%
3.01%
11.77%
10.56%
12.01%
N/A
NOSIX
1.02%
6.46%
-0.83%
13.67%
14.07%
15.83%
12.72%
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FHAPX vs. NOSIX - Expense Ratio Comparison
FHAPX has a 0.49% expense ratio, which is higher than NOSIX's 0.05% expense ratio.
Risk-Adjusted Performance
FHAPX vs. NOSIX — Risk-Adjusted Performance Rank
FHAPX
NOSIX
FHAPX vs. NOSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2050 Fund (FHAPX) and Northern Stock Index Fund (NOSIX). 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.
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Dividends
FHAPX vs. NOSIX - Dividend Comparison
FHAPX's dividend yield for the trailing twelve months is around 2.95%, more than NOSIX's 2.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAPX Fidelity Freedom Blend 2050 Fund | 2.95% | 2.42% | 1.86% | 6.21% | 8.52% | 4.82% | 3.28% | 3.67% | 0.00% | 0.00% | 0.00% | 0.00% |
NOSIX Northern Stock Index Fund | 2.59% | 2.59% | 5.02% | 4.72% | 3.22% | 4.00% | 2.41% | 4.82% | 3.13% | 2.75% | 3.35% | 2.59% |
Drawdowns
FHAPX vs. NOSIX - Drawdown Comparison
The maximum FHAPX drawdown since its inception was -31.30%, smaller than the maximum NOSIX drawdown of -55.42%. Use the drawdown chart below to compare losses from any high point for FHAPX and NOSIX.
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Volatility
FHAPX vs. NOSIX - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2050 Fund (FHAPX) is 3.41%, while Northern Stock Index Fund (NOSIX) has a volatility of 4.76%. This indicates that FHAPX experiences smaller price fluctuations and is considered to be less risky than NOSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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