Correlation
The correlation between FHFDX and FXNAX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FHFDX vs. FXNAX
Compare and contrast key facts about Fidelity Freedom Blend 2045 Fund Class K6 (FHFDX) and Fidelity U.S. Bond Index Fund (FXNAX).
FHFDX is managed by Fidelity. It was launched on Aug 31, 2018. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHFDX or FXNAX.
Performance
FHFDX vs. FXNAX - Performance Comparison
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Key characteristics
FHFDX:
0.72
FXNAX:
1.08
FHFDX:
0.99
FXNAX:
1.44
FHFDX:
1.14
FXNAX:
1.17
FHFDX:
0.67
FXNAX:
0.45
FHFDX:
2.90
FXNAX:
2.34
FHFDX:
3.62%
FXNAX:
2.20%
FHFDX:
16.68%
FXNAX:
5.33%
FHFDX:
-31.28%
FXNAX:
-18.64%
FHFDX:
-0.45%
FXNAX:
-7.07%
Returns By Period
In the year-to-date period, FHFDX achieves a 5.95% return, which is significantly higher than FXNAX's 2.08% return.
FHFDX
5.95%
5.03%
2.37%
11.19%
10.86%
12.20%
N/A
FXNAX
2.08%
-0.67%
0.71%
5.16%
1.37%
-1.02%
1.52%
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FHFDX vs. FXNAX - Expense Ratio Comparison
FHFDX has a 0.29% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FHFDX vs. FXNAX — Risk-Adjusted Performance Rank
FHFDX
FXNAX
FHFDX vs. FXNAX - 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 U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FHFDX's dividend yield for the trailing twelve months is around 3.01%, less than FXNAX's 3.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.19% | 3.40% | 2.92% | 2.41% | 2.06% | 3.08% | 2.69% | 2.74% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
FHFDX vs. FXNAX - Drawdown Comparison
The maximum FHFDX drawdown since its inception was -31.28%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FHFDX and FXNAX.
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Volatility
FHFDX vs. FXNAX - Volatility Comparison
Fidelity Freedom Blend 2045 Fund Class K6 (FHFDX) has a higher volatility of 3.45% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.47%. This indicates that FHFDX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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