FHARX vs. FBIFX
Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund (FHARX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX).
FHARX is managed by Fidelity. It was launched on Aug 31, 2018. FBIFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHARX or FBIFX.
Key characteristics
| FHARX | FBIFX | |
|---|---|---|
| YTD Return | 15.42% | 14.25% |
| 1Y Return | 26.83% | 25.37% |
| 3Y Return (Ann) | 0.80% | 3.41% |
| 5Y Return (Ann) | 6.59% | 5.90% |
| Sharpe Ratio | 2.50 | 2.52 |
| Sortino Ratio | 3.52 | 3.54 |
| Omega Ratio | 1.46 | 1.47 |
| Calmar Ratio | 1.35 | 2.02 |
| Martin Ratio | 16.06 | 16.42 |
| Ulcer Index | 1.67% | 1.55% |
| Daily Std Dev | 10.74% | 10.08% |
| Max Drawdown | -32.57% | -38.83% |
| Current Drawdown | -0.61% | -1.40% |
Correlation
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.
Performance
FHARX vs. FBIFX - Performance Comparison
In the year-to-date period, FHARX achieves a 15.42% return, which is significantly higher than FBIFX's 14.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FHARX vs. FBIFX - Expense Ratio Comparison
FHARX has a 0.49% expense ratio, which is higher than FBIFX's 0.12% expense ratio.
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.
Dividends
FHARX vs. FBIFX - Dividend Comparison
FHARX's dividend yield for the trailing twelve months is around 1.46%, less than FBIFX's 1.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHARX Fidelity Freedom Blend 2040 Fund | 1.46% | 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.
Volatility
FHARX vs. FBIFX - Volatility Comparison
Fidelity Freedom Blend 2040 Fund (FHARX) has a higher volatility of 2.72% compared to Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) at 2.42%. 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.