FIPFX vs. FSKAX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Total Market Index Fund (FSKAX).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or FSKAX.
Key characteristics
| FIPFX | FSKAX | |
|---|---|---|
| YTD Return | 15.90% | 26.16% |
| 1Y Return | 24.16% | 35.33% |
| 3Y Return (Ann) | 4.08% | 8.71% |
| 5Y Return (Ann) | 6.76% | 15.12% |
| 10Y Return (Ann) | 7.30% | 12.60% |
| Sharpe Ratio | 2.51 | 3.02 |
| Sortino Ratio | 3.48 | 4.03 |
| Omega Ratio | 1.46 | 1.56 |
| Calmar Ratio | 2.86 | 4.46 |
| Martin Ratio | 16.41 | 19.58 |
| Ulcer Index | 1.64% | 1.96% |
| Daily Std Dev | 10.74% | 12.70% |
| Max Drawdown | -37.17% | -35.01% |
| Current Drawdown | -1.28% | -0.45% |
Correlation
The correlation between FIPFX and FSKAX is 0.96, 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. FSKAX - Performance Comparison
In the year-to-date period, FIPFX achieves a 15.90% return, which is significantly lower than FSKAX's 26.16% return. Over the past 10 years, FIPFX has underperformed FSKAX with an annualized return of 7.30%, while FSKAX has yielded a comparatively higher 12.60% 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. FSKAX - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is higher than FSKAX's 0.02% 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. FSKAX - 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 Total Market Index Fund (FSKAX). 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. FSKAX - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.70%, more than FSKAX's 1.15% 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% |
FSKAX Fidelity Total Market Index Fund | 1.15% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
Drawdowns
FIPFX vs. FSKAX - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FIPFX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 2.87%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 3.96%. This indicates that FIPFX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.