FIPFX vs. FFOPX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. FFOPX 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: FIPFX or FFOPX.
Key characteristics
| FIPFX | FFOPX | |
|---|---|---|
| YTD Return | 15.90% | 15.92% |
| 1Y Return | 24.16% | 24.18% |
| 3Y Return (Ann) | 4.08% | 4.18% |
| 5Y Return (Ann) | 6.76% | 9.74% |
| Sharpe Ratio | 2.51 | 2.51 |
| Sortino Ratio | 3.48 | 3.49 |
| Omega Ratio | 1.46 | 1.46 |
| Calmar Ratio | 2.86 | 2.94 |
| Martin Ratio | 16.41 | 16.41 |
| Ulcer Index | 1.64% | 1.65% |
| Daily Std Dev | 10.74% | 10.75% |
| Max Drawdown | -37.17% | -30.71% |
| Current Drawdown | -1.28% | -1.29% |
Correlation
The correlation between FIPFX and FFOPX is 1.00, 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
FIPFX vs. FFOPX - Performance Comparison
The year-to-date returns for both investments are quite close, with FIPFX having a 15.90% return and FFOPX slightly higher at 15.92%. 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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FIPFX vs. FFOPX - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is higher than FFOPX'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
FIPFX vs. FFOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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
FIPFX vs. FFOPX - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.70%, less than FFOPX's 1.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.70% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.00% | 3.26% | 0.10% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.73% | 1.98% | 2.01% | 1.62% | 1.41% | 1.81% | 2.24% | 1.76% | 2.09% | 2.01% | 0.00% | 0.00% |
Drawdowns
FIPFX vs. FFOPX - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, which is greater than FFOPX's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FIPFX and FFOPX. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. FFOPX - Volatility Comparison
Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) have volatilities of 2.87% and 2.87%, 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.