FIOFX vs. VTTSX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2060 Fund (VTTSX).
FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. VTTSX is managed by Vanguard. It was launched on Jan 19, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIOFX or VTTSX.
Correlation
The correlation between FIOFX and VTTSX 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. VTTSX - Performance Comparison
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Key characteristics
FIOFX:
0.58
VTTSX:
0.60
FIOFX:
0.95
VTTSX:
0.98
FIOFX:
1.14
VTTSX:
1.14
FIOFX:
0.64
VTTSX:
0.66
FIOFX:
2.84
VTTSX:
2.92
FIOFX:
3.34%
VTTSX:
3.29%
FIOFX:
15.62%
VTTSX:
15.24%
FIOFX:
-37.05%
VTTSX:
-31.38%
FIOFX:
-3.40%
VTTSX:
-3.20%
Returns By Period
In the year-to-date period, FIOFX achieves a 1.81% return, which is significantly higher than VTTSX's 1.64% return. Over the past 10 years, FIOFX has underperformed VTTSX with an annualized return of 6.91%, while VTTSX has yielded a comparatively higher 7.96% annualized return.
FIOFX
1.81%
8.33%
-0.85%
8.90%
11.38%
6.91%
VTTSX
1.64%
8.27%
-0.85%
8.98%
11.17%
7.96%
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FIOFX vs. VTTSX - Expense Ratio Comparison
FIOFX has a 0.12% expense ratio, which is higher than VTTSX'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. VTTSX — Risk-Adjusted Performance Rank
FIOFX
VTTSX
FIOFX vs. VTTSX - 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 2060 Fund (VTTSX). 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.
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Dividends
FIOFX vs. VTTSX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 1.91%, less than VTTSX's 2.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 1.91% | 1.99% | 1.95% | 1.96% | 1.52% | 1.39% | 1.76% | 2.18% | 1.73% | 1.95% | 2.01% | 3.33% |
VTTSX Vanguard Target Retirement 2060 Fund | 2.16% | 2.20% | 2.14% | 2.09% | 5.67% | 1.83% | 2.11% | 2.31% | 1.77% | 1.98% | 1.92% | 1.67% |
Drawdowns
FIOFX vs. VTTSX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -37.05%, which is greater than VTTSX's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for FIOFX and VTTSX. For additional features, visit the drawdowns tool.
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Volatility
FIOFX vs. VTTSX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) has a higher volatility of 5.03% compared to Vanguard Target Retirement 2060 Fund (VTTSX) at 4.73%. This indicates that FIOFX's price experiences larger fluctuations and is considered to be riskier than VTTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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