FHLKX vs. FFEGX
Compare and contrast key facts about Fidelity Health Savings Fund Class K (FHLKX) and Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX).
FHLKX is managed by Fidelity. It was launched on Mar 2, 2020. FFEGX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHLKX or FFEGX.
Key characteristics
| FHLKX | FFEGX | |
|---|---|---|
| YTD Return | 7.96% | 11.89% |
| 1Y Return | 16.09% | 22.25% |
| 3Y Return (Ann) | -0.27% | 2.11% |
| Sharpe Ratio | 2.91 | 2.66 |
| Sortino Ratio | 4.45 | 3.90 |
| Omega Ratio | 1.58 | 1.50 |
| Calmar Ratio | 1.13 | 1.65 |
| Martin Ratio | 18.05 | 17.12 |
| Ulcer Index | 0.89% | 1.25% |
| Daily Std Dev | 5.55% | 8.02% |
| Max Drawdown | -19.56% | -23.85% |
| Current Drawdown | -0.80% | -0.38% |
Correlation
The correlation between FHLKX and FFEGX is 0.90, 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
FHLKX vs. FFEGX - Performance Comparison
In the year-to-date period, FHLKX achieves a 7.96% return, which is significantly lower than FFEGX's 11.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FHLKX vs. FFEGX - Expense Ratio Comparison
FHLKX has a 0.37% expense ratio, which is higher than FFEGX's 0.08% expense ratio.
Risk-Adjusted Performance
FHLKX vs. FFEGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Health Savings Fund Class K (FHLKX) and Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX). 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
FHLKX vs. FFEGX - Dividend Comparison
FHLKX's dividend yield for the trailing twelve months is around 3.07%, more than FFEGX's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHLKX Fidelity Health Savings Fund Class K | 3.07% | 2.88% | 3.32% | 2.25% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class | 2.10% | 2.31% | 2.27% | 1.63% | 1.44% | 1.96% | 2.24% | 1.80% | 1.95% | 2.00% |
Drawdowns
FHLKX vs. FFEGX - Drawdown Comparison
The maximum FHLKX drawdown since its inception was -19.56%, smaller than the maximum FFEGX drawdown of -23.85%. Use the drawdown chart below to compare losses from any high point for FHLKX and FFEGX. For additional features, visit the drawdowns tool.
Volatility
FHLKX vs. FFEGX - Volatility Comparison
The current volatility for Fidelity Health Savings Fund Class K (FHLKX) is 1.42%, while Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) has a volatility of 2.05%. This indicates that FHLKX experiences smaller price fluctuations and is considered to be less risky than FFEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.