FHHDX vs. FLCNX
Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund Class K6 (FHHDX) and Fidelity Contrafund K6 (FLCNX).
FHHDX 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: FHHDX or FLCNX.
Correlation
The correlation between FHHDX and FLCNX is 0.87, 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.
Performance
FHHDX vs. FLCNX - Performance Comparison
Key characteristics
FHHDX:
1.39
FLCNX:
1.85
FHHDX:
1.94
FLCNX:
2.50
FHHDX:
1.25
FLCNX:
1.34
FHHDX:
1.63
FLCNX:
2.67
FHHDX:
7.17
FLCNX:
11.09
FHHDX:
2.12%
FLCNX:
2.64%
FHHDX:
10.96%
FLCNX:
15.83%
FHHDX:
-32.38%
FLCNX:
-32.55%
FHHDX:
-0.30%
FLCNX:
-0.60%
Returns By Period
In the year-to-date period, FHHDX achieves a 5.29% return, which is significantly lower than FLCNX's 7.30% return.
FHHDX
5.29%
3.30%
4.58%
15.69%
6.39%
N/A
FLCNX
7.30%
4.35%
13.08%
31.07%
17.14%
N/A
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FHHDX vs. FLCNX - Expense Ratio Comparison
FHHDX has a 0.29% expense ratio, which is lower than FLCNX's 0.45% expense ratio.
Risk-Adjusted Performance
FHHDX vs. FLCNX — Risk-Adjusted Performance Rank
FHHDX
FLCNX
FHHDX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund Class K6 (FHHDX) 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.
Dividends
FHHDX vs. FLCNX - Dividend Comparison
FHHDX's dividend yield for the trailing twelve months is around 1.79%, more than FLCNX's 0.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FHHDX Fidelity Freedom Blend 2040 Fund Class K6 | 1.79% | 1.88% | 1.79% | 2.51% | 2.30% | 1.27% | 1.75% | 1.69% | 0.00% |
FLCNX Fidelity Contrafund K6 | 0.25% | 0.36% | 0.49% | 0.62% | 0.20% | 0.21% | 0.30% | 0.33% | 0.15% |
Drawdowns
FHHDX vs. FLCNX - Drawdown Comparison
The maximum FHHDX drawdown since its inception was -32.38%, roughly equal to the maximum FLCNX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for FHHDX and FLCNX. For additional features, visit the drawdowns tool.
Volatility
FHHDX vs. FLCNX - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund Class K6 (FHHDX) is 2.85%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 4.37%. This indicates that FHHDX 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.