Correlation
The correlation between FHVEX and VOO 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. VOO
Compare and contrast key facts about Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and Vanguard S&P 500 ETF (VOO).
FHVEX is managed by Fidelity. It was launched on Aug 31, 2018. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHVEX or VOO.
Performance
FHVEX vs. VOO - Performance Comparison
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Key characteristics
FHVEX:
0.72
VOO:
0.74
FHVEX:
0.98
VOO:
1.04
FHVEX:
1.14
VOO:
1.15
FHVEX:
0.67
VOO:
0.68
FHVEX:
2.88
VOO:
2.58
FHVEX:
3.61%
VOO:
4.93%
FHVEX:
16.64%
VOO:
19.54%
FHVEX:
-31.34%
VOO:
-33.99%
FHVEX:
-0.38%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FHVEX achieves a 5.88% return, which is significantly higher than VOO's 0.90% return.
FHVEX
5.88%
5.13%
2.35%
11.11%
10.77%
12.10%
N/A
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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FHVEX vs. VOO - Expense Ratio Comparison
FHVEX has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FHVEX vs. VOO — Risk-Adjusted Performance Rank
FHVEX
VOO
FHVEX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FHVEX's dividend yield for the trailing twelve months is around 2.98%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FHVEX vs. VOO - Drawdown Comparison
The maximum FHVEX drawdown since its inception was -31.34%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FHVEX and VOO.
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Volatility
FHVEX vs. VOO - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) is 3.42%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that FHVEX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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