Correlation
The correlation between FHHDX and FXAIX is 0.93, 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.
FHHDX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund Class K6 (FHHDX) and Fidelity 500 Index Fund (FXAIX).
FHHDX is managed by Fidelity. It was launched on Aug 31, 2018. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHHDX or FXAIX.
Performance
FHHDX vs. FXAIX - Performance Comparison
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Key characteristics
FHHDX:
0.75
FXAIX:
0.75
FHHDX:
1.02
FXAIX:
1.07
FHHDX:
1.14
FXAIX:
1.15
FHHDX:
0.71
FXAIX:
0.72
FHHDX:
3.06
FXAIX:
2.73
FHHDX:
3.32%
FXAIX:
4.85%
FHHDX:
15.33%
FXAIX:
19.78%
FHHDX:
-31.38%
FXAIX:
-33.79%
FHHDX:
-0.38%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, FHHDX achieves a 5.69% return, which is significantly higher than FXAIX's 1.34% return.
FHHDX
5.69%
4.77%
2.23%
11.42%
10.34%
11.89%
N/A
FXAIX
1.34%
6.29%
-1.07%
14.76%
14.51%
16.00%
12.68%
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FHHDX vs. FXAIX - Expense Ratio Comparison
FHHDX has a 0.29% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FHHDX vs. FXAIX — Risk-Adjusted Performance Rank
FHHDX
FXAIX
FHHDX vs. FXAIX - 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 500 Index Fund (FXAIX). 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
FHHDX vs. FXAIX - Dividend Comparison
FHHDX's dividend yield for the trailing twelve months is around 3.11%, more than FXAIX's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHHDX Fidelity Freedom Blend 2040 Fund Class K6 | 3.11% | 2.63% | 1.95% | 6.27% | 8.46% | 5.00% | 3.43% | 3.28% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
FHHDX vs. FXAIX - Drawdown Comparison
The maximum FHHDX drawdown since its inception was -31.38%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FHHDX and FXAIX.
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Volatility
FHHDX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund Class K6 (FHHDX) is 3.18%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.77%. This indicates that FHHDX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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