FIKFX vs. AMLP
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Alerian MLP ETF (AMLP).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKFX or AMLP.
Key characteristics
| FIKFX | AMLP | |
|---|---|---|
| YTD Return | 5.31% | 19.55% |
| 1Y Return | 11.16% | 22.11% |
| 3Y Return (Ann) | 0.25% | 19.43% |
| 5Y Return (Ann) | 1.33% | 13.00% |
| 10Y Return (Ann) | 2.48% | 1.72% |
| Sharpe Ratio | 2.44 | 1.68 |
| Sortino Ratio | 3.73 | 2.38 |
| Omega Ratio | 1.46 | 1.29 |
| Calmar Ratio | 1.25 | 3.14 |
| Martin Ratio | 14.03 | 8.88 |
| Ulcer Index | 0.80% | 2.57% |
| Daily Std Dev | 4.56% | 13.60% |
| Max Drawdown | -15.37% | -77.19% |
| Current Drawdown | -1.64% | -1.10% |
Correlation
The correlation between FIKFX and AMLP is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIKFX vs. AMLP - Performance Comparison
In the year-to-date period, FIKFX achieves a 5.31% return, which is significantly lower than AMLP's 19.55% return. Over the past 10 years, FIKFX has outperformed AMLP with an annualized return of 2.48%, while AMLP has yielded a comparatively lower 1.72% 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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FIKFX vs. AMLP - Expense Ratio Comparison
FIKFX has a 0.12% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
FIKFX vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Alerian MLP ETF (AMLP). 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
FIKFX vs. AMLP - Dividend Comparison
FIKFX's dividend yield for the trailing twelve months is around 3.29%, less than AMLP's 5.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.29% | 2.85% | 2.86% | 1.43% | 1.25% | 2.06% | 2.05% | 1.53% | 1.53% | 1.89% | 2.83% | 1.23% |
AMLP Alerian MLP ETF | 5.77% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
FIKFX vs. AMLP - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.37%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for FIKFX and AMLP. For additional features, visit the drawdowns tool.
Volatility
FIKFX vs. AMLP - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 1.26%, while Alerian MLP ETF (AMLP) has a volatility of 3.21%. This indicates that FIKFX experiences smaller price fluctuations and is considered to be less risky than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.