FHBZX vs. QQQ
Compare and contrast key facts about Fidelity Freedom Blend Income Fund (FHBZX) and Invesco QQQ (QQQ).
FHBZX 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: FHBZX or QQQ.
Correlation
The correlation between FHBZX and QQQ is 0.57, 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
FHBZX vs. QQQ - Performance Comparison
Key characteristics
FHBZX:
1.56
QQQ:
1.40
FHBZX:
2.25
QQQ:
1.90
FHBZX:
1.28
QQQ:
1.25
FHBZX:
0.84
QQQ:
1.88
FHBZX:
5.73
QQQ:
6.51
FHBZX:
1.23%
QQQ:
3.92%
FHBZX:
4.51%
QQQ:
18.23%
FHBZX:
-17.87%
QQQ:
-82.98%
FHBZX:
-1.48%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, FHBZX achieves a 2.16% return, which is significantly lower than QQQ's 5.09% return.
FHBZX
2.16%
1.13%
1.43%
7.16%
1.31%
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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FHBZX vs. QQQ - Expense Ratio Comparison
FHBZX has a 0.41% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FHBZX vs. QQQ — Risk-Adjusted Performance Rank
FHBZX
QQQ
FHBZX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend Income Fund (FHBZX) 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
FHBZX vs. QQQ - Dividend Comparison
FHBZX's dividend yield for the trailing twelve months is around 2.98%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHBZX Fidelity Freedom Blend Income Fund | 2.98% | 3.03% | 2.85% | 3.19% | 2.17% | 1.03% | 1.70% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FHBZX vs. QQQ - Drawdown Comparison
The maximum FHBZX drawdown since its inception was -17.87%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FHBZX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FHBZX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Freedom Blend Income Fund (FHBZX) is 1.07%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that FHBZX 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.