FIPFX vs. FIHFX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom Index 2035 Fund Investor Class (FIHFX).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. FIHFX 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 FIHFX.
Key characteristics
| FIPFX | FIHFX | |
|---|---|---|
| YTD Return | 15.90% | 12.55% |
| 1Y Return | 24.16% | 20.16% |
| 3Y Return (Ann) | 4.08% | 2.69% |
| 5Y Return (Ann) | 6.76% | 8.12% |
| 10Y Return (Ann) | 7.30% | 8.01% |
| Sharpe Ratio | 2.51 | 2.56 |
| Sortino Ratio | 3.48 | 3.67 |
| Omega Ratio | 1.46 | 1.48 |
| Calmar Ratio | 2.86 | 2.23 |
| Martin Ratio | 16.41 | 16.55 |
| Ulcer Index | 1.64% | 1.37% |
| Daily Std Dev | 10.74% | 8.84% |
| Max Drawdown | -37.17% | -28.42% |
| Current Drawdown | -1.28% | -1.11% |
Correlation
The correlation between FIPFX and FIHFX 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. FIHFX - Performance Comparison
In the year-to-date period, FIPFX achieves a 15.90% return, which is significantly higher than FIHFX's 12.55% return. Over the past 10 years, FIPFX has underperformed FIHFX with an annualized return of 7.30%, while FIHFX has yielded a comparatively higher 8.01% 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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FIPFX vs. FIHFX - Expense Ratio Comparison
Both FIPFX and FIHFX have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIPFX vs. FIHFX - 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 2035 Fund Investor Class (FIHFX). 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. FIHFX - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.70%, less than FIHFX's 1.97% 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% |
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 1.97% | 2.10% | 1.93% | 1.47% | 1.40% | 1.82% | 2.15% | 1.72% | 1.90% | 2.03% | 3.37% | 0.16% |
Drawdowns
FIPFX vs. FIHFX - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, which is greater than FIHFX's maximum drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for FIPFX and FIHFX. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. FIHFX - Volatility Comparison
Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) has a higher volatility of 2.87% compared to Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) at 2.31%. This indicates that FIPFX's price experiences larger fluctuations and is considered to be riskier than FIHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.