FIAFX vs. FIOFX
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class I (FIAFX) and Fidelity Freedom Index 2045 Fund Investor Class (FIOFX).
FIAFX is managed by Fidelity. It was launched on Jul 24, 2003. FIOFX 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: FIAFX or FIOFX.
Key characteristics
| FIAFX | FIOFX | |
|---|---|---|
| YTD Return | 6.67% | 15.20% |
| 1Y Return | 12.17% | 24.68% |
| 3Y Return (Ann) | 0.81% | 5.80% |
| 5Y Return (Ann) | 3.22% | 10.33% |
| 10Y Return (Ann) | 3.64% | 8.84% |
| Sharpe Ratio | 2.32 | 2.12 |
| Daily Std Dev | 5.24% | 11.33% |
| Max Drawdown | -21.59% | -30.72% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FIAFX and FIOFX is 0.78, 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
FIAFX vs. FIOFX - Performance Comparison
In the year-to-date period, FIAFX achieves a 6.67% return, which is significantly lower than FIOFX's 15.20% return. Over the past 10 years, FIAFX has underperformed FIOFX with an annualized return of 3.64%, while FIOFX has yielded a comparatively higher 8.84% annualized 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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FIAFX vs. FIOFX - Expense Ratio Comparison
FIAFX has a 0.47% expense ratio, which is higher than FIOFX's 0.12% expense ratio.
Risk-Adjusted Performance
FIAFX vs. FIOFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class I (FIAFX) and Fidelity Freedom Index 2045 Fund Investor Class (FIOFX). 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
FIAFX vs. FIOFX - Dividend Comparison
FIAFX's dividend yield for the trailing twelve months is around 2.99%, more than FIOFX's 1.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 2.99% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.75% | 4.00% | 3.09% | 3.66% | 5.76% | 4.35% |
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 1.71% | 1.95% | 2.03% | 1.92% | 1.95% | 14.88% | 2.30% | 1.89% | 2.00% | 2.01% | 3.33% | 0.11% |
Drawdowns
FIAFX vs. FIOFX - Drawdown Comparison
The maximum FIAFX drawdown since its inception was -21.59%, smaller than the maximum FIOFX drawdown of -30.72%. Use the drawdown chart below to compare losses from any high point for FIAFX and FIOFX. For additional features, visit the drawdowns tool.
Volatility
FIAFX vs. FIOFX - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Income Fund Class I (FIAFX) is 1.16%, while Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) has a volatility of 3.79%. This indicates that FIAFX experiences smaller price fluctuations and is considered to be less risky than FIOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.