FHBDX vs. QQQ
Compare and contrast key facts about Fidelity Advisor Freedom Blend Income Fund Class Z6 (FHBDX) and Invesco QQQ (QQQ).
FHBDX is managed by Fidelity. It was launched on Aug 31, 2018. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHBDX or QQQ.
Correlation
The correlation between FHBDX and QQQ is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHBDX vs. QQQ - Performance Comparison
Key characteristics
Returns By Period
FHBDX
N/A
N/A
N/A
N/A
N/A
N/A
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FHBDX vs. QQQ - Expense Ratio Comparison
FHBDX has a 0.21% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHBDX vs. QQQ — Risk-Adjusted Performance Rank
FHBDX
QQQ
FHBDX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend Income Fund Class Z6 (FHBDX) and Invesco QQQ (QQQ). 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
FHBDX vs. QQQ - Dividend Comparison
FHBDX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHBDX Fidelity Advisor Freedom Blend Income Fund Class Z6 | 0.58% | 0.67% | 3.06% | 3.42% | 2.41% | 1.20% | 1.84% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FHBDX vs. QQQ - Drawdown Comparison
Volatility
FHBDX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Blend Income Fund Class Z6 (FHBDX) is 0.00%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that FHBDX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.