FHARX vs. IVV
Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund (FHARX) and iShares Core S&P 500 ETF (IVV).
FHARX is managed by Fidelity. It was launched on Aug 31, 2018. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHARX or IVV.
Key characteristics
FHARX | IVV | |
---|---|---|
YTD Return | 13.02% | 19.28% |
1Y Return | 21.57% | 28.32% |
3Y Return (Ann) | 3.99% | 10.06% |
5Y Return (Ann) | 10.17% | 15.25% |
Sharpe Ratio | 1.91 | 2.26 |
Daily Std Dev | 11.17% | 12.60% |
Max Drawdown | -31.37% | -55.25% |
Current Drawdown | -0.39% | -0.31% |
Correlation
The correlation between FHARX and IVV 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.
Performance
FHARX vs. IVV - Performance Comparison
In the year-to-date period, FHARX achieves a 13.02% return, which is significantly lower than IVV's 19.28% 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. IVV - Expense Ratio Comparison
FHARX has a 0.49% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
FHARX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund (FHARX) and iShares Core S&P 500 ETF (IVV). 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. IVV - Dividend Comparison
FHARX's dividend yield for the trailing twelve months is around 1.63%, more than IVV's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity Freedom Blend 2040 Fund | 1.63% | 1.83% | 6.18% | 8.65% | 4.91% | 3.40% | 3.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
iShares Core S&P 500 ETF | 1.27% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
FHARX vs. IVV - Drawdown Comparison
The maximum FHARX drawdown since its inception was -31.37%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FHARX and IVV. For additional features, visit the drawdowns tool.
Volatility
FHARX vs. IVV - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund (FHARX) is 3.56%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.94%. This indicates that FHARX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.