Correlation
The correlation between FHDDX and VOO 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.
FHDDX vs. VOO
Compare and contrast key facts about Fidelity Freedom Blend 2055 Fund Class K6 (FHDDX) and Vanguard S&P 500 ETF (VOO).
FHDDX is managed by Fidelity. It was launched on Aug 31, 2018. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHDDX or VOO.
Performance
FHDDX vs. VOO - Performance Comparison
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Key characteristics
FHDDX:
0.72
VOO:
0.74
FHDDX:
0.99
VOO:
1.04
FHDDX:
1.14
VOO:
1.15
FHDDX:
0.68
VOO:
0.68
FHDDX:
2.91
VOO:
2.58
FHDDX:
3.61%
VOO:
4.93%
FHDDX:
16.66%
VOO:
19.54%
FHDDX:
-31.34%
VOO:
-33.99%
FHDDX:
-0.45%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FHDDX achieves a 5.93% return, which is significantly higher than VOO's 0.90% return.
FHDDX
5.93%
5.35%
2.37%
11.86%
10.85%
12.21%
N/A
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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FHDDX vs. VOO - Expense Ratio Comparison
FHDDX has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FHDDX vs. VOO — Risk-Adjusted Performance Rank
FHDDX
VOO
FHDDX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2055 Fund Class K6 (FHDDX) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
FHDDX vs. VOO - Dividend Comparison
FHDDX's dividend yield for the trailing twelve months is around 3.15%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHDDX Fidelity Freedom Blend 2055 Fund Class K6 | 3.15% | 2.63% | 2.04% | 6.20% | 8.33% | 4.63% | 3.09% | 3.76% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FHDDX vs. VOO - Drawdown Comparison
The maximum FHDDX drawdown since its inception was -31.34%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FHDDX and VOO.
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Volatility
FHDDX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2055 Fund Class K6 (FHDDX) is 3.50%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that FHDDX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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