FPIFX vs. FIKFX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX).
FPIFX is managed by Fidelity. It was launched on Oct 2, 2009. FIKFX 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: FPIFX or FIKFX.
Key characteristics
| FPIFX | FIKFX | |
|---|---|---|
| YTD Return | 9.55% | 5.84% |
| 1Y Return | 17.82% | 11.42% |
| 3Y Return (Ann) | 1.03% | 0.34% |
| 5Y Return (Ann) | 5.41% | 1.50% |
| 10Y Return (Ann) | 5.73% | 2.54% |
| Sharpe Ratio | 2.66 | 2.49 |
| Sortino Ratio | 3.98 | 3.80 |
| Omega Ratio | 1.50 | 1.48 |
| Calmar Ratio | 1.38 | 1.15 |
| Martin Ratio | 16.50 | 14.59 |
| Ulcer Index | 1.09% | 0.78% |
| Daily Std Dev | 6.75% | 4.57% |
| Max Drawdown | -21.59% | -15.37% |
| Current Drawdown | -0.77% | -1.14% |
Correlation
The correlation between FPIFX and FIKFX is 0.87, 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
FPIFX vs. FIKFX - Performance Comparison
In the year-to-date period, FPIFX achieves a 9.55% return, which is significantly higher than FIKFX's 5.84% return. Over the past 10 years, FPIFX has outperformed FIKFX with an annualized return of 5.73%, while FIKFX has yielded a comparatively lower 2.54% 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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FPIFX vs. FIKFX - Expense Ratio Comparison
Both FPIFX and FIKFX have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FPIFX vs. FIKFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX). 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
FPIFX vs. FIKFX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 2.46%, less than FIKFX's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 2.46% | 2.42% | 2.62% | 1.52% | 1.38% | 2.03% | 2.17% | 1.72% | 1.79% | 1.91% | 4.65% | 0.36% |
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.27% | 2.85% | 2.86% | 1.43% | 1.25% | 2.06% | 2.05% | 1.53% | 1.53% | 1.89% | 2.83% | 1.23% |
Drawdowns
FPIFX vs. FIKFX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, which is greater than FIKFX's maximum drawdown of -15.37%. Use the drawdown chart below to compare losses from any high point for FPIFX and FIKFX. For additional features, visit the drawdowns tool.
Volatility
FPIFX vs. FIKFX - Volatility Comparison
Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) has a higher volatility of 1.68% compared to Fidelity Freedom Index Income Fund Investor Class (FIKFX) at 1.16%. This indicates that FPIFX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.