FIOFX vs. FSKAX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Fidelity Total Market Index Fund (FSKAX).
FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOFX or FSKAX.
Key characteristics
| FIOFX | FSKAX | |
|---|---|---|
| YTD Return | 17.40% | 25.81% |
| 1Y Return | 29.07% | 38.81% |
| 3Y Return (Ann) | 4.44% | 8.46% |
| 5Y Return (Ann) | 7.19% | 15.25% |
| 10Y Return (Ann) | 7.50% | 12.57% |
| Sharpe Ratio | 2.71 | 3.03 |
| Sortino Ratio | 3.73 | 4.05 |
| Omega Ratio | 1.50 | 1.56 |
| Calmar Ratio | 2.36 | 4.15 |
| Martin Ratio | 17.68 | 19.79 |
| Ulcer Index | 1.64% | 1.96% |
| Daily Std Dev | 10.74% | 12.80% |
| Max Drawdown | -37.05% | -35.01% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FIOFX and FSKAX is 0.96, 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. FSKAX - Performance Comparison
In the year-to-date period, FIOFX achieves a 17.40% return, which is significantly lower than FSKAX's 25.81% return. Over the past 10 years, FIOFX has underperformed FSKAX with an annualized return of 7.50%, while FSKAX has yielded a comparatively higher 12.57% 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. FSKAX - Expense Ratio Comparison
FIOFX has a 0.12% expense ratio, which is higher than FSKAX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIOFX vs. FSKAX - 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 Total Market Index Fund (FSKAX). 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. FSKAX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 1.68%, more than FSKAX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 1.68% | 1.95% | 1.96% | 1.52% | 1.39% | 1.76% | 2.18% | 1.73% | 1.95% | 2.01% | 3.33% | 0.11% |
FSKAX Fidelity Total Market Index Fund | 1.15% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
Drawdowns
FIOFX vs. FSKAX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -37.05%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FIOFX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FIOFX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) is 2.93%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.10%. This indicates that FIOFX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.