Correlation
The correlation between FHVEX and AALTX is 0.94, 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.
FHVEX vs. AALTX
Compare and contrast key facts about Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and American Funds 2050 Target Date Retirement Fund (AALTX).
FHVEX is managed by Fidelity. It was launched on Aug 31, 2018. AALTX is managed by American Funds. It was launched on Jan 31, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHVEX or AALTX.
Performance
FHVEX vs. AALTX - Performance Comparison
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Key characteristics
FHVEX:
0.72
AALTX:
0.86
FHVEX:
0.98
AALTX:
1.15
FHVEX:
1.14
AALTX:
1.16
FHVEX:
0.67
AALTX:
0.80
FHVEX:
2.88
AALTX:
3.33
FHVEX:
3.61%
AALTX:
3.57%
FHVEX:
16.64%
AALTX:
15.66%
FHVEX:
-31.34%
AALTX:
-49.85%
FHVEX:
-0.38%
AALTX:
-0.18%
Returns By Period
In the year-to-date period, FHVEX achieves a 5.88% return, which is significantly higher than AALTX's 5.06% return.
FHVEX
5.88%
5.13%
2.35%
11.11%
10.77%
12.10%
N/A
AALTX
5.06%
5.42%
2.66%
12.74%
11.28%
11.39%
9.24%
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FHVEX vs. AALTX - Expense Ratio Comparison
FHVEX has a 0.39% expense ratio, which is higher than AALTX's 0.33% expense ratio.
Risk-Adjusted Performance
FHVEX vs. AALTX — Risk-Adjusted Performance Rank
FHVEX
AALTX
FHVEX vs. AALTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and American Funds 2050 Target Date Retirement Fund (AALTX). 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
FHVEX vs. AALTX - Dividend Comparison
FHVEX's dividend yield for the trailing twelve months is around 2.98%, less than AALTX's 3.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHVEX Fidelity Advisor Freedom Blend 2050 Fund Class Z | 2.98% | 2.45% | 1.91% | 6.24% | 8.59% | 4.76% | 3.20% | 3.67% | 0.00% | 0.00% | 0.00% | 0.00% |
AALTX American Funds 2050 Target Date Retirement Fund | 3.17% | 3.33% | 2.35% | 7.07% | 4.32% | 3.14% | 4.17% | 4.77% | 2.36% | 3.53% | 4.85% | 3.80% |
Drawdowns
FHVEX vs. AALTX - Drawdown Comparison
The maximum FHVEX drawdown since its inception was -31.34%, smaller than the maximum AALTX drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for FHVEX and AALTX.
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Volatility
FHVEX vs. AALTX - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) is 3.42%, while American Funds 2050 Target Date Retirement Fund (AALTX) has a volatility of 3.63%. This indicates that FHVEX experiences smaller price fluctuations and is considered to be less risky than AALTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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