FHTKX vs. FSMDX
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K6 (FHTKX) and Fidelity Mid Cap Index Fund (FSMDX).
FHTKX is managed by Fidelity. It was launched on Sep 6, 2000. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHTKX or FSMDX.
Correlation
The correlation between FHTKX and FSMDX is 0.91, 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
FHTKX vs. FSMDX - Performance Comparison
Key characteristics
FHTKX:
0.49
FSMDX:
0.28
FHTKX:
0.78
FSMDX:
0.53
FHTKX:
1.11
FSMDX:
1.07
FHTKX:
0.50
FSMDX:
0.26
FHTKX:
2.26
FSMDX:
0.95
FHTKX:
3.29%
FSMDX:
5.65%
FHTKX:
15.35%
FSMDX:
19.45%
FHTKX:
-35.56%
FSMDX:
-40.35%
FHTKX:
-6.02%
FSMDX:
-12.01%
Returns By Period
In the year-to-date period, FHTKX achieves a 0.35% return, which is significantly higher than FSMDX's -5.30% return.
FHTKX
0.35%
-0.09%
-1.80%
7.16%
6.91%
N/A
FSMDX
-5.30%
-1.48%
-4.84%
5.20%
12.96%
8.77%
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FHTKX vs. FSMDX - Expense Ratio Comparison
FHTKX has a 0.50% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
FHTKX vs. FSMDX — Risk-Adjusted Performance Rank
FHTKX
FSMDX
FHTKX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K6 (FHTKX) and Fidelity Mid Cap Index Fund (FSMDX). 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
FHTKX vs. FSMDX - Dividend Comparison
FHTKX's dividend yield for the trailing twelve months is around 1.79%, less than FSMDX's 2.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHTKX Fidelity Freedom 2040 Fund Class K6 | 1.79% | 1.80% | 1.60% | 2.33% | 2.51% | 1.24% | 1.73% | 2.07% | 1.31% | 0.00% | 0.00% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 2.45% | 2.32% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.68% | 3.82% |
Drawdowns
FHTKX vs. FSMDX - Drawdown Comparison
The maximum FHTKX drawdown since its inception was -35.56%, smaller than the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FHTKX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
FHTKX vs. FSMDX - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund Class K6 (FHTKX) is 10.45%, while Fidelity Mid Cap Index Fund (FSMDX) has a volatility of 13.91%. This indicates that FHTKX experiences smaller price fluctuations and is considered to be less risky than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.