Correlation
The correlation between FHFDX and FLCNX 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.
FHFDX vs. FLCNX
Compare and contrast key facts about Fidelity Freedom Blend 2045 Fund Class K6 (FHFDX) and Fidelity Contrafund K6 (FLCNX).
FHFDX is managed by Fidelity. It was launched on Aug 31, 2018. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHFDX or FLCNX.
Performance
FHFDX vs. FLCNX - Performance Comparison
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Key characteristics
FHFDX:
0.72
FLCNX:
0.83
FHFDX:
0.99
FLCNX:
1.17
FHFDX:
1.14
FLCNX:
1.16
FHFDX:
0.67
FLCNX:
0.83
FHFDX:
2.90
FLCNX:
2.84
FHFDX:
3.62%
FLCNX:
5.93%
FHFDX:
16.68%
FLCNX:
22.66%
FHFDX:
-31.28%
FLCNX:
-32.07%
FHFDX:
-0.45%
FLCNX:
-2.77%
Returns By Period
In the year-to-date period, FHFDX achieves a 5.95% return, which is significantly higher than FLCNX's 5.11% return.
FHFDX
5.95%
5.03%
2.37%
11.19%
10.86%
12.20%
N/A
FLCNX
5.11%
7.41%
3.78%
18.24%
21.83%
17.27%
N/A
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FHFDX vs. FLCNX - Expense Ratio Comparison
FHFDX has a 0.29% expense ratio, which is lower than FLCNX's 0.45% expense ratio.
Risk-Adjusted Performance
FHFDX vs. FLCNX — Risk-Adjusted Performance Rank
FHFDX
FLCNX
FHFDX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2045 Fund Class K6 (FHFDX) and Fidelity Contrafund K6 (FLCNX). 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
FHFDX vs. FLCNX - Dividend Comparison
FHFDX's dividend yield for the trailing twelve months is around 3.01%, more than FLCNX's 0.41% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|---|---|
FHFDX Fidelity Freedom Blend 2045 Fund Class K6 | 3.01% | 2.50% | 2.00% | 6.36% | 8.51% | 5.00% | 3.40% | 3.21% | 0.00% |
FLCNX Fidelity Contrafund K6 | 0.41% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% |
Drawdowns
FHFDX vs. FLCNX - Drawdown Comparison
The maximum FHFDX drawdown since its inception was -31.28%, roughly equal to the maximum FLCNX drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FHFDX and FLCNX.
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Volatility
FHFDX vs. FLCNX - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2045 Fund Class K6 (FHFDX) is 3.45%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 5.18%. This indicates that FHFDX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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