FHHDX vs. FSKAX
Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund Class K6 (FHHDX) and Fidelity Total Market Index Fund (FSKAX).
FHHDX is managed by Fidelity. It was launched on Aug 31, 2018. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHHDX or FSKAX.
Correlation
The correlation between FHHDX and FSKAX is 0.95, 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. FSKAX - Performance Comparison
Key characteristics
FHHDX:
1.35
FSKAX:
1.74
FHHDX:
1.88
FSKAX:
2.35
FHHDX:
1.24
FSKAX:
1.32
FHHDX:
1.41
FSKAX:
2.66
FHHDX:
7.07
FSKAX:
10.52
FHHDX:
2.12%
FSKAX:
2.18%
FHHDX:
11.10%
FSKAX:
13.19%
FHHDX:
-32.38%
FSKAX:
-35.01%
FHHDX:
-1.18%
FSKAX:
-0.86%
Returns By Period
In the year-to-date period, FHHDX achieves a 4.09% return, which is significantly higher than FSKAX's 3.42% return.
FHHDX
4.09%
4.93%
6.38%
14.27%
5.94%
N/A
FSKAX
3.42%
4.30%
13.00%
22.04%
13.60%
12.37%
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FHHDX vs. FSKAX - Expense Ratio Comparison
FHHDX has a 0.29% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Risk-Adjusted Performance
FHHDX vs. FSKAX — Risk-Adjusted Performance Rank
FHHDX
FSKAX
FHHDX vs. FSKAX - 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 Total Market Index Fund (FSKAX). 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. FSKAX - Dividend Comparison
FHHDX's dividend yield for the trailing twelve months is around 1.81%, more than FSKAX's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHHDX Fidelity Freedom Blend 2040 Fund Class K6 | 1.81% | 1.88% | 1.79% | 2.51% | 2.30% | 1.27% | 1.75% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.15% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% |
Drawdowns
FHHDX vs. FSKAX - Drawdown Comparison
The maximum FHHDX drawdown since its inception was -32.38%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FHHDX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FHHDX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund Class K6 (FHHDX) is 3.03%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 3.50%. This indicates that FHHDX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.