FIPFX vs. FNSBX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom 2050 Fund Class K (FNSBX).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. FNSBX is managed by Fidelity. It was launched on Jul 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or FNSBX.
Key characteristics
| FIPFX | FNSBX | |
|---|---|---|
| YTD Return | 15.90% | 16.30% |
| 1Y Return | 24.16% | 24.67% |
| 3Y Return (Ann) | 4.08% | -0.73% |
| 5Y Return (Ann) | 6.76% | 5.27% |
| Sharpe Ratio | 2.51 | 2.39 |
| Sortino Ratio | 3.48 | 3.35 |
| Omega Ratio | 1.46 | 1.44 |
| Calmar Ratio | 2.86 | 1.27 |
| Martin Ratio | 16.41 | 15.54 |
| Ulcer Index | 1.64% | 1.77% |
| Daily Std Dev | 10.74% | 11.50% |
| Max Drawdown | -37.17% | -35.44% |
| Current Drawdown | -1.28% | -2.29% |
Correlation
The correlation between FIPFX and FNSBX is 0.98, 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. FNSBX - Performance Comparison
The year-to-date returns for both investments are quite close, with FIPFX having a 15.90% return and FNSBX slightly higher at 16.30%. 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. FNSBX - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is lower than FNSBX's 0.65% expense ratio.
Risk-Adjusted Performance
FIPFX vs. FNSBX - 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 2050 Fund Class K (FNSBX). 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. FNSBX - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.70%, more than FNSBX's 1.21% 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% |
FNSBX Fidelity Freedom 2050 Fund Class K | 1.21% | 1.41% | 2.17% | 2.32% | 1.10% | 1.56% | 1.74% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIPFX vs. FNSBX - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, roughly equal to the maximum FNSBX drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for FIPFX and FNSBX. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. FNSBX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 2.87%, while Fidelity Freedom 2050 Fund Class K (FNSBX) has a volatility of 3.09%. This indicates that FIPFX experiences smaller price fluctuations and is considered to be less risky than FNSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.