Correlation
The correlation between FIJRX and FFOPX is 0.93, 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.
FIJRX vs. FFOPX
Compare and contrast key facts about Fidelity Advisor Freedom 2050 Fund Class Z (FIJRX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX).
FIJRX is managed by Fidelity. It was launched on Oct 2, 2018. FFOPX 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: FIJRX or FFOPX.
Performance
FIJRX vs. FFOPX - Performance Comparison
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Key characteristics
FIJRX:
0.77
FFOPX:
0.82
FIJRX:
1.05
FFOPX:
1.13
FIJRX:
1.15
FFOPX:
1.16
FIJRX:
0.74
FFOPX:
0.79
FIJRX:
3.19
FFOPX:
3.50
FIJRX:
3.50%
FFOPX:
3.33%
FIJRX:
16.49%
FFOPX:
15.77%
FIJRX:
-31.28%
FFOPX:
-37.18%
FIJRX:
-0.29%
FFOPX:
-0.36%
Returns By Period
In the year-to-date period, FIJRX achieves a 7.08% return, which is significantly higher than FFOPX's 5.46% return.
FIJRX
7.08%
5.35%
3.38%
12.03%
11.07%
12.37%
N/A
FFOPX
5.46%
4.66%
2.39%
12.18%
10.67%
11.28%
N/A
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FIJRX vs. FFOPX - Expense Ratio Comparison
FIJRX has a 0.65% expense ratio, which is higher than FFOPX's 0.08% expense ratio.
Risk-Adjusted Performance
FIJRX vs. FFOPX — Risk-Adjusted Performance Rank
FIJRX
FFOPX
FIJRX vs. FFOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2050 Fund Class Z (FIJRX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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
FIJRX vs. FFOPX - Dividend Comparison
FIJRX's dividend yield for the trailing twelve months is around 6.12%, more than FFOPX's 1.98% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
---|---|---|---|---|---|---|---|---|---|---|---|
FIJRX Fidelity Advisor Freedom 2050 Fund Class Z | 6.12% | 1.84% | 1.68% | 11.24% | 9.69% | 5.48% | 7.26% | 7.31% | 0.00% | 0.00% | 0.00% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.98% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.38% | 2.09% | 2.14% | 4.02% |
Drawdowns
FIJRX vs. FFOPX - Drawdown Comparison
The maximum FIJRX drawdown since its inception was -31.28%, smaller than the maximum FFOPX drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for FIJRX and FFOPX.
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Volatility
FIJRX vs. FFOPX - Volatility Comparison
Fidelity Advisor Freedom 2050 Fund Class Z (FIJRX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) have volatilities of 3.39% and 3.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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