FHARX vs. FSMAX
Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund (FHARX) and Fidelity Extended Market Index Fund (FSMAX).
FHARX is managed by Fidelity. It was launched on Aug 31, 2018. FSMAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHARX or FSMAX.
Key characteristics
| FHARX | FSMAX | |
|---|---|---|
| YTD Return | 15.42% | 14.92% |
| 1Y Return | 26.83% | 34.69% |
| 3Y Return (Ann) | 0.80% | -0.71% |
| 5Y Return (Ann) | 6.59% | 10.58% |
| Sharpe Ratio | 2.50 | 1.90 |
| Sortino Ratio | 3.52 | 2.63 |
| Omega Ratio | 1.46 | 1.33 |
| Calmar Ratio | 1.35 | 1.16 |
| Martin Ratio | 16.06 | 10.68 |
| Ulcer Index | 1.67% | 3.16% |
| Daily Std Dev | 10.74% | 17.78% |
| Max Drawdown | -32.57% | -41.67% |
| Current Drawdown | -0.61% | -2.63% |
Correlation
The correlation between FHARX and FSMAX is 0.90, 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. FSMAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FHARX having a 15.42% return and FSMAX slightly lower at 14.92%. 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. FSMAX - Expense Ratio Comparison
FHARX has a 0.49% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Risk-Adjusted Performance
FHARX vs. FSMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund (FHARX) and Fidelity Extended Market Index Fund (FSMAX). 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. FSMAX - Dividend Comparison
FHARX's dividend yield for the trailing twelve months is around 1.46%, more than FSMAX's 0.93% 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% |
FSMAX Fidelity Extended Market Index Fund | 0.93% | 1.17% | 1.38% | 0.99% | 0.93% | 1.41% | 1.69% | 1.30% | 1.38% | 2.99% | 5.43% | 4.09% |
Drawdowns
FHARX vs. FSMAX - Drawdown Comparison
The maximum FHARX drawdown since its inception was -32.57%, smaller than the maximum FSMAX drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for FHARX and FSMAX. For additional features, visit the drawdowns tool.
Volatility
FHARX vs. FSMAX - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund (FHARX) is 2.72%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 3.80%. This indicates that FHARX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.