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.
Key characteristics
| FIOFX | VTTSX | |
|---|---|---|
| YTD Return | 17.40% | 17.44% |
| 1Y Return | 29.07% | 29.03% |
| 3Y Return (Ann) | 4.44% | 4.99% |
| 5Y Return (Ann) | 7.19% | 10.46% |
| 10Y Return (Ann) | 7.50% | 9.03% |
| Sharpe Ratio | 2.71 | 2.62 |
| Sortino Ratio | 3.73 | 3.64 |
| Omega Ratio | 1.50 | 1.49 |
| Calmar Ratio | 2.36 | 2.66 |
| Martin Ratio | 17.68 | 17.04 |
| Ulcer Index | 1.64% | 1.70% |
| Daily Std Dev | 10.74% | 11.04% |
| Max Drawdown | -37.05% | -31.38% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FIOFX and VTTSX 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. VTTSX - Performance Comparison
The year-to-date returns for both investments are quite close, with FIOFX having a 17.40% return and VTTSX slightly higher at 17.44%. Over the past 10 years, FIOFX has underperformed VTTSX with an annualized return of 7.50%, while VTTSX has yielded a comparatively higher 9.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. 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 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.
Dividends
FIOFX vs. VTTSX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 1.68%, less than VTTSX's 1.82% 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% |
VTTSX Vanguard Target Retirement 2060 Fund | 1.82% | 2.14% | 2.09% | 1.95% | 1.57% | 2.11% | 2.30% | 1.77% | 1.98% | 1.85% | 1.65% | 1.37% |
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.
Volatility
FIOFX vs. VTTSX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2060 Fund (VTTSX) have volatilities of 2.93% and 2.92%, 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.