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FIOFX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIOFX and FXAIX is 0.95, 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.


-0.50.00.51.01.0

Performance

FIOFX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

150.00%200.00%250.00%300.00%350.00%400.00%450.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
172.37%
458.11%
FIOFX
FXAIX

Key characteristics

Sharpe Ratio

FIOFX:

1.56

FXAIX:

2.20

Sortino Ratio

FIOFX:

2.14

FXAIX:

2.93

Omega Ratio

FIOFX:

1.28

FXAIX:

1.41

Calmar Ratio

FIOFX:

2.42

FXAIX:

3.26

Martin Ratio

FIOFX:

9.70

FXAIX:

14.39

Ulcer Index

FIOFX:

1.73%

FXAIX:

1.91%

Daily Std Dev

FIOFX:

10.76%

FXAIX:

12.50%

Max Drawdown

FIOFX:

-37.05%

FXAIX:

-33.79%

Current Drawdown

FIOFX:

-3.52%

FXAIX:

-2.91%

Returns By Period

In the year-to-date period, FIOFX achieves a 14.63% return, which is significantly lower than FXAIX's 25.57% return. Over the past 10 years, FIOFX has underperformed FXAIX with an annualized return of 7.16%, while FXAIX has yielded a comparatively higher 12.86% annualized return.


FIOFX

YTD

14.63%

1M

-0.56%

6M

5.15%

1Y

15.59%

5Y*

5.93%

10Y*

7.16%

FXAIX

YTD

25.57%

1M

0.00%

6M

8.86%

1Y

26.21%

5Y*

14.72%

10Y*

12.86%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FIOFX vs. FXAIX - Expense Ratio Comparison

FIOFX has a 0.12% expense ratio, which is higher than FXAIX'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%.


FIOFX
Fidelity Freedom Index 2045 Fund Investor Class
Expense ratio chart for FIOFX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

FIOFX vs. FXAIX - 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 500 Index Fund (FXAIX). 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.


Sharpe ratio
The chart of Sharpe ratio for FIOFX, currently valued at 1.56, compared to the broader market-1.000.001.002.003.004.001.562.20
The chart of Sortino ratio for FIOFX, currently valued at 2.14, compared to the broader market-2.000.002.004.006.008.0010.002.142.93
The chart of Omega ratio for FIOFX, currently valued at 1.28, compared to the broader market0.501.001.502.002.503.003.501.281.41
The chart of Calmar ratio for FIOFX, currently valued at 2.42, compared to the broader market0.002.004.006.008.0010.0012.0014.002.423.26
The chart of Martin ratio for FIOFX, currently valued at 9.70, compared to the broader market0.0020.0040.0060.009.7014.39
FIOFX
FXAIX

The current FIOFX Sharpe Ratio is 1.56, which is comparable to the FXAIX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of FIOFX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.56
2.20
FIOFX
FXAIX

Dividends

FIOFX vs. FXAIX - Dividend Comparison

FIOFX's dividend yield for the trailing twelve months is around 1.72%, more than FXAIX's 0.88% yield.


TTM20232022202120202019201820172016201520142013
FIOFX
Fidelity Freedom Index 2045 Fund Investor Class
1.72%1.95%1.96%1.52%1.39%1.76%2.18%1.73%1.95%2.01%3.33%0.11%
FXAIX
Fidelity 500 Index Fund
0.88%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

FIOFX vs. FXAIX - Drawdown Comparison

The maximum FIOFX drawdown since its inception was -37.05%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FIOFX and FXAIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.52%
-2.91%
FIOFX
FXAIX

Volatility

FIOFX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) is 3.25%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.70%. This indicates that FIOFX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.25%
3.70%
FIOFX
FXAIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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