FHTKX vs. FTEC
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K6 (FHTKX) and Fidelity MSCI Information Technology Index ETF (FTEC).
FHTKX is managed by Fidelity. It was launched on Sep 6, 2000. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHTKX or FTEC.
Correlation
The correlation between FHTKX and FTEC 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. FTEC - Performance Comparison
Key characteristics
FHTKX:
0.49
FTEC:
0.37
FHTKX:
0.78
FTEC:
0.72
FHTKX:
1.11
FTEC:
1.10
FHTKX:
0.50
FTEC:
0.41
FHTKX:
2.26
FTEC:
1.42
FHTKX:
3.29%
FTEC:
7.90%
FHTKX:
15.35%
FTEC:
30.24%
FHTKX:
-35.56%
FTEC:
-34.95%
FHTKX:
-6.02%
FTEC:
-15.47%
Returns By Period
In the year-to-date period, FHTKX achieves a 0.35% return, which is significantly higher than FTEC's -11.96% return.
FHTKX
0.35%
-1.45%
-1.80%
7.16%
6.98%
N/A
FTEC
-11.96%
-1.94%
-9.01%
9.02%
19.37%
18.46%
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FHTKX vs. FTEC - Expense Ratio Comparison
FHTKX has a 0.50% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
FHTKX vs. FTEC — Risk-Adjusted Performance Rank
FHTKX
FTEC
FHTKX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K6 (FHTKX) and Fidelity MSCI Information Technology Index ETF (FTEC). 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. FTEC - Dividend Comparison
FHTKX's dividend yield for the trailing twelve months is around 1.79%, more than FTEC's 0.55% 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% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.55% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% |
Drawdowns
FHTKX vs. FTEC - Drawdown Comparison
The maximum FHTKX drawdown since its inception was -35.56%, roughly equal to the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FHTKX and FTEC. For additional features, visit the drawdowns tool.
Volatility
FHTKX vs. FTEC - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund Class K6 (FHTKX) is 10.45%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 19.46%. This indicates that FHTKX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.