FIOFX vs. VTIVX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2045 Fund (VTIVX).
FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. VTIVX is managed by Vanguard. It was launched on Oct 27, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOFX or VTIVX.
Key characteristics
| FIOFX | VTIVX | |
|---|---|---|
| YTD Return | 13.30% | 13.09% |
| 1Y Return | 21.56% | 21.13% |
| 3Y Return (Ann) | 4.65% | 4.76% |
| 5Y Return (Ann) | 9.94% | 10.10% |
| 10Y Return (Ann) | 8.58% | 8.52% |
| Sharpe Ratio | 1.92 | 1.92 |
| Daily Std Dev | 11.27% | 10.55% |
| Max Drawdown | -30.72% | -51.69% |
| Current Drawdown | -0.53% | -0.10% |
Correlation
The correlation between FIOFX and VTIVX is 0.99, 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. VTIVX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FIOFX having a 13.30% return and VTIVX slightly lower at 13.09%. Both investments have delivered pretty close results over the past 10 years, with FIOFX having a 8.58% annualized return and VTIVX not far behind at 8.52%. 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. VTIVX - Expense Ratio Comparison
FIOFX has a 0.12% expense ratio, which is higher than VTIVX's 0.08% 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. VTIVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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. VTIVX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 1.74%, less than VTIVX's 2.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 1.74% | 1.95% | 2.03% | 1.92% | 1.95% | 14.88% | 2.30% | 1.89% | 2.00% | 2.01% | 3.33% | 0.11% |
VTIVX Vanguard Target Retirement 2045 Fund | 2.01% | 2.28% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 1.95% | 2.47% | 3.29% | 2.07% | 1.88% |
Drawdowns
FIOFX vs. VTIVX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -30.72%, smaller than the maximum VTIVX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for FIOFX and VTIVX. For additional features, visit the drawdowns tool.
Volatility
FIOFX vs. VTIVX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2045 Fund (VTIVX) have volatilities of 3.55% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.