FIOFX vs. FIAFX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Fidelity Advisor Freedom Income Fund Class I (FIAFX).
FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. FIAFX is managed by Fidelity. It was launched on Jul 24, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOFX or FIAFX.
Key characteristics
| FIOFX | FIAFX | |
|---|---|---|
| YTD Return | 15.20% | 6.67% |
| 1Y Return | 24.68% | 12.17% |
| 3Y Return (Ann) | 5.80% | 0.81% |
| 5Y Return (Ann) | 10.33% | 3.22% |
| 10Y Return (Ann) | 8.84% | 3.64% |
| Sharpe Ratio | 2.12 | 2.32 |
| Daily Std Dev | 11.33% | 5.24% |
| Max Drawdown | -30.72% | -21.59% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FIOFX and FIAFX 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
FIOFX vs. FIAFX - Performance Comparison
In the year-to-date period, FIOFX achieves a 15.20% return, which is significantly higher than FIAFX's 6.67% return. Over the past 10 years, FIOFX has outperformed FIAFX with an annualized return of 8.84%, while FIAFX has yielded a comparatively lower 3.64% 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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FIOFX vs. FIAFX - Expense Ratio Comparison
FIOFX has a 0.12% expense ratio, which is lower than FIAFX's 0.47% expense ratio.
Risk-Adjusted Performance
FIOFX vs. FIAFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Fidelity Advisor Freedom Income Fund Class I (FIAFX). 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
FIOFX vs. FIAFX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 1.71%, less than FIAFX's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
FIOFX vs. FIAFX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -30.72%, which is greater than FIAFX's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for FIOFX and FIAFX. For additional features, visit the drawdowns tool.
Volatility
FIOFX vs. FIAFX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) has a higher volatility of 3.79% compared to Fidelity Advisor Freedom Income Fund Class I (FIAFX) at 1.16%. This indicates that FIOFX's price experiences larger fluctuations and is considered to be riskier than FIAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.