FIKFX vs. PRBLX
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Parnassus Core Equity Fund (PRBLX).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009. PRBLX is managed by Parnassus. It was launched on Aug 31, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKFX or PRBLX.
Key characteristics
| FIKFX | PRBLX | |
|---|---|---|
| YTD Return | 6.36% | 15.94% |
| 1Y Return | 11.58% | 24.90% |
| 3Y Return (Ann) | 0.91% | 7.88% |
| 5Y Return (Ann) | 3.05% | 14.24% |
| 10Y Return (Ann) | 3.47% | 12.35% |
| Sharpe Ratio | 2.35 | 1.97 |
| Daily Std Dev | 4.92% | 12.47% |
| Max Drawdown | -15.03% | -42.20% |
| Current Drawdown | -0.33% | -0.96% |
Correlation
The correlation between FIKFX and PRBLX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIKFX vs. PRBLX - Performance Comparison
In the year-to-date period, FIKFX achieves a 6.36% return, which is significantly lower than PRBLX's 15.94% return. Over the past 10 years, FIKFX has underperformed PRBLX with an annualized return of 3.47%, while PRBLX has yielded a comparatively higher 12.35% 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. PRBLX - Expense Ratio Comparison
FIKFX has a 0.12% expense ratio, which is lower than PRBLX's 0.82% expense ratio.
Risk-Adjusted Performance
FIKFX vs. PRBLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Parnassus Core Equity Fund (PRBLX). 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. PRBLX - Dividend Comparison
FIKFX's dividend yield for the trailing twelve months is around 3.16%, less than PRBLX's 5.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.16% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.89% | 2.83% | 1.23% |
PRBLX Parnassus Core Equity Fund | 5.12% | 6.01% | 10.13% | 7.77% | 5.87% | 8.02% | 9.64% | 7.16% | 3.80% | 9.62% | 3.12% | 6.42% |
Drawdowns
FIKFX vs. PRBLX - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.03%, smaller than the maximum PRBLX drawdown of -42.20%. Use the drawdown chart below to compare losses from any high point for FIKFX and PRBLX. For additional features, visit the drawdowns tool.
Volatility
FIKFX vs. PRBLX - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 1.04%, while Parnassus Core Equity Fund (PRBLX) has a volatility of 3.52%. This indicates that FIKFX experiences smaller price fluctuations and is considered to be less risky than PRBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.