FIPFX vs. VIIIX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or VIIIX.
Performance
FIPFX vs. VIIIX - Performance Comparison
Returns By Period
In the year-to-date period, FIPFX achieves a 15.38% return, which is significantly lower than VIIIX's 25.19% return. Over the past 10 years, FIPFX has underperformed VIIIX with an annualized return of 7.15%, while VIIIX has yielded a comparatively higher 12.01% annualized return.
FIPFX
15.38%
-1.22%
6.35%
22.12%
6.77%
7.15%
VIIIX
25.19%
1.00%
11.91%
30.02%
13.49%
12.01%
Key characteristics
| FIPFX | VIIIX | |
|---|---|---|
| Sharpe Ratio | 2.17 | 2.52 |
| Sortino Ratio | 2.99 | 3.37 |
| Omega Ratio | 1.39 | 1.46 |
| Calmar Ratio | 2.67 | 3.67 |
| Martin Ratio | 13.79 | 16.22 |
| Ulcer Index | 1.66% | 1.91% |
| Daily Std Dev | 10.58% | 12.32% |
| Max Drawdown | -37.17% | -55.18% |
| Current Drawdown | -1.72% | -1.36% |
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FIPFX vs. VIIIX - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is higher than VIIIX'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%.
Correlation
The correlation between FIPFX and VIIIX 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.
Risk-Adjusted Performance
FIPFX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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. VIIIX - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.71%, more than VIIIX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.71% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.00% | 3.26% | 0.10% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.27% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
FIPFX vs. VIIIX - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for FIPFX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. VIIIX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 2.95%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 4.06%. This indicates that FIPFX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.