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

Correlation

The correlation between FIOFX and SCHG is 0.91, 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.


-0.50.00.51.00.9

Performance

FIOFX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
4.43%
11.36%
FIOFX
SCHG

Key characteristics

Sharpe Ratio

FIOFX:

1.45

SCHG:

2.05

Sortino Ratio

FIOFX:

2.00

SCHG:

2.68

Omega Ratio

FIOFX:

1.26

SCHG:

1.37

Calmar Ratio

FIOFX:

2.27

SCHG:

2.91

Martin Ratio

FIOFX:

9.25

SCHG:

11.49

Ulcer Index

FIOFX:

1.70%

SCHG:

3.13%

Daily Std Dev

FIOFX:

10.83%

SCHG:

17.49%

Max Drawdown

FIOFX:

-37.05%

SCHG:

-34.59%

Current Drawdown

FIOFX:

-3.96%

SCHG:

-3.88%

Returns By Period

In the year-to-date period, FIOFX achieves a 14.12% return, which is significantly lower than SCHG's 35.44% return. Over the past 10 years, FIOFX has underperformed SCHG with an annualized return of 7.15%, while SCHG has yielded a comparatively higher 16.66% annualized return.


FIOFX

YTD

14.12%

1M

-0.79%

6M

4.26%

1Y

14.92%

5Y*

5.84%

10Y*

7.15%

SCHG

YTD

35.44%

1M

3.33%

6M

10.58%

1Y

35.25%

5Y*

19.99%

10Y*

16.66%

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. SCHG - Expense Ratio Comparison

FIOFX has a 0.12% expense ratio, which is higher than SCHG's 0.04% 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 SCHG: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

FIOFX vs. SCHG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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 1.45, compared to the broader market-1.000.001.002.003.004.001.452.05
The chart of Sortino ratio for FIOFX, currently valued at 2.00, compared to the broader market-2.000.002.004.006.008.0010.002.002.68
The chart of Omega ratio for FIOFX, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.003.501.261.37
The chart of Calmar ratio for FIOFX, currently valued at 2.27, compared to the broader market0.005.0010.0015.002.272.91
The chart of Martin ratio for FIOFX, currently valued at 9.25, compared to the broader market0.0020.0040.0060.009.2511.49
FIOFX
SCHG

The current FIOFX Sharpe Ratio is 1.45, which is comparable to the SCHG Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of FIOFX and SCHG, 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 Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.45
2.05
FIOFX
SCHG

Dividends

FIOFX vs. SCHG - Dividend Comparison

FIOFX's dividend yield for the trailing twelve months is around 1.73%, more than SCHG's 0.42% yield.


TTM20232022202120202019201820172016201520142013
FIOFX
Fidelity Freedom Index 2045 Fund Investor Class
1.73%1.95%1.96%1.52%1.39%1.76%2.18%1.73%1.95%2.01%3.33%0.11%
SCHG
Schwab U.S. Large-Cap Growth ETF
0.42%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%1.09%1.07%

Drawdowns

FIOFX vs. SCHG - Drawdown Comparison

The maximum FIOFX drawdown since its inception was -37.05%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for FIOFX and SCHG. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.96%
-3.88%
FIOFX
SCHG

Volatility

FIOFX vs. SCHG - Volatility Comparison

The current volatility for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) is 3.20%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.05%. This indicates that FIOFX experiences smaller price fluctuations and is considered to be less risky than SCHG 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%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
3.20%
5.05%
FIOFX
SCHG
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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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