PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FHARX vs. FBIFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FHARX vs. FBIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2040 Fund (FHARX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.51%
6.41%
FHARX
FBIFX

Returns By Period

The year-to-date returns for both investments are quite close, with FHARX having a 14.27% return and FBIFX slightly higher at 14.34%.


FHARX

YTD

14.27%

1M

-1.00%

6M

5.51%

1Y

21.24%

5Y (annualized)

6.32%

10Y (annualized)

N/A

FBIFX

YTD

14.34%

1M

-0.70%

6M

6.42%

1Y

21.29%

5Y (annualized)

5.85%

10Y (annualized)

6.74%

Key characteristics


FHARXFBIFX
Sharpe Ratio1.982.11
Sortino Ratio2.782.95
Omega Ratio1.361.38
Calmar Ratio1.262.34
Martin Ratio12.3313.35
Ulcer Index1.70%1.57%
Daily Std Dev10.61%9.96%
Max Drawdown-32.57%-38.83%
Current Drawdown-2.06%-1.70%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FHARX vs. FBIFX - Expense Ratio Comparison

FHARX has a 0.49% expense ratio, which is higher than FBIFX's 0.12% expense ratio.


FHARX
Fidelity Freedom Blend 2040 Fund
Expense ratio chart for FHARX: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for FBIFX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%

Correlation

-0.50.00.51.01.0

The correlation between FHARX and FBIFX is 0.99, 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.

Risk-Adjusted Performance

FHARX vs. FBIFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund (FHARX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX). 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.


Sharpe ratio
The chart of Sharpe ratio for FHARX, currently valued at 1.98, compared to the broader market-1.000.001.002.003.004.005.001.982.11
The chart of Sortino ratio for FHARX, currently valued at 2.78, compared to the broader market0.005.0010.002.782.95
The chart of Omega ratio for FHARX, currently valued at 1.36, compared to the broader market1.002.003.004.001.361.38
The chart of Calmar ratio for FHARX, currently valued at 1.26, compared to the broader market0.005.0010.0015.0020.0025.001.262.34
The chart of Martin ratio for FHARX, currently valued at 12.33, compared to the broader market0.0020.0040.0060.0080.00100.0012.3313.35
FHARX
FBIFX

The current FHARX Sharpe Ratio is 1.98, which is comparable to the FBIFX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FHARX and FBIFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.98
2.11
FHARX
FBIFX

Dividends

FHARX vs. FBIFX - Dividend Comparison

FHARX's dividend yield for the trailing twelve months is around 1.47%, less than FBIFX's 1.79% yield.


TTM20232022202120202019201820172016201520142013
FHARX
Fidelity Freedom Blend 2040 Fund
1.47%1.67%2.38%2.49%1.18%1.74%1.69%0.00%0.00%0.00%0.00%0.00%
FBIFX
Fidelity Freedom Index 2040 Fund Investor Class
1.79%1.97%1.97%1.53%1.41%1.82%2.20%1.73%1.93%2.02%3.28%0.13%

Drawdowns

FHARX vs. FBIFX - Drawdown Comparison

The maximum FHARX drawdown since its inception was -32.57%, smaller than the maximum FBIFX drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for FHARX and FBIFX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.06%
-1.70%
FHARX
FBIFX

Volatility

FHARX vs. FBIFX - Volatility Comparison

Fidelity Freedom Blend 2040 Fund (FHARX) has a higher volatility of 2.93% compared to Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) at 2.74%. This indicates that FHARX's price experiences larger fluctuations and is considered to be riskier than FBIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.93%
2.74%
FHARX
FBIFX