VTIVX vs. FIOFX
Compare and contrast key facts about Vanguard Target Retirement 2045 Fund (VTIVX) and Fidelity Freedom Index 2045 Fund Investor Class (FIOFX).
VTIVX is managed by Vanguard. It was launched on Oct 27, 2003. FIOFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIVX or FIOFX.
Key characteristics
| VTIVX | FIOFX | |
|---|---|---|
| YTD Return | 15.68% | 16.28% |
| 1Y Return | 26.18% | 27.36% |
| 3Y Return (Ann) | 4.34% | 4.19% |
| 5Y Return (Ann) | 9.98% | 7.03% |
| 10Y Return (Ann) | 8.77% | 7.38% |
| Sharpe Ratio | 2.60 | 2.56 |
| Sortino Ratio | 3.63 | 3.53 |
| Omega Ratio | 1.48 | 1.47 |
| Calmar Ratio | 2.55 | 2.40 |
| Martin Ratio | 17.33 | 16.67 |
| Ulcer Index | 1.51% | 1.64% |
| Daily Std Dev | 10.07% | 10.73% |
| Max Drawdown | -51.69% | -37.05% |
| Current Drawdown | -0.84% | -0.96% |
Correlation
The correlation between VTIVX and FIOFX 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
VTIVX vs. FIOFX - Performance Comparison
The year-to-date returns for both investments are quite close, with VTIVX having a 15.68% return and FIOFX slightly higher at 16.28%. Over the past 10 years, VTIVX has outperformed FIOFX with an annualized return of 8.77%, while FIOFX has yielded a comparatively lower 7.38% annualized return. 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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VTIVX vs. FIOFX - Expense Ratio Comparison
VTIVX has a 0.08% expense ratio, which is lower than FIOFX's 0.12% expense ratio. Despite the difference, 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
VTIVX vs. FIOFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) and Fidelity Freedom Index 2045 Fund Investor Class (FIOFX). 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
VTIVX vs. FIOFX - Dividend Comparison
VTIVX's dividend yield for the trailing twelve months is around 1.97%, more than FIOFX's 1.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | 1.97% | 2.28% | 2.13% | 2.22% | 1.60% | 2.23% | 2.39% | 1.90% | 1.99% | 2.17% | 2.05% | 1.88% |
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 1.70% | 1.95% | 1.96% | 1.52% | 1.39% | 1.76% | 2.18% | 1.73% | 1.95% | 2.01% | 3.33% | 0.11% |
Drawdowns
VTIVX vs. FIOFX - Drawdown Comparison
The maximum VTIVX drawdown since its inception was -51.69%, which is greater than FIOFX's maximum drawdown of -37.05%. Use the drawdown chart below to compare losses from any high point for VTIVX and FIOFX. For additional features, visit the drawdowns tool.
Volatility
VTIVX vs. FIOFX - Volatility Comparison
The current volatility for Vanguard Target Retirement 2045 Fund (VTIVX) is 2.79%, while Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) has a volatility of 3.00%. This indicates that VTIVX experiences smaller price fluctuations and is considered to be less risky than FIOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.