FIPFX vs. VOO
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Vanguard S&P 500 ETF (VOO).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or VOO.
Correlation
The correlation between FIPFX and VOO is 0.95, 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. VOO - Performance Comparison
Key characteristics
FIPFX:
0.71
VOO:
0.61
FIPFX:
1.09
VOO:
0.96
FIPFX:
1.16
VOO:
1.14
FIPFX:
0.76
VOO:
0.62
FIPFX:
3.43
VOO:
2.51
FIPFX:
3.26%
VOO:
4.63%
FIPFX:
15.70%
VOO:
19.16%
FIPFX:
-37.17%
VOO:
-33.99%
FIPFX:
-4.67%
VOO:
-9.30%
Returns By Period
In the year-to-date period, FIPFX achieves a 0.46% return, which is significantly higher than VOO's -5.11% return. Over the past 10 years, FIPFX has underperformed VOO with an annualized return of 6.71%, while VOO has yielded a comparatively higher 12.19% annualized return.
FIPFX
0.46%
0.62%
-0.71%
9.78%
11.09%
6.71%
VOO
-5.11%
-0.26%
-4.09%
10.13%
15.61%
12.19%
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FIPFX vs. VOO - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is higher than VOO's 0.03% 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. VOO — Risk-Adjusted Performance Rank
FIPFX
VOO
FIPFX vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.97%, more than VOO's 1.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.97% | 1.98% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.00% | 3.26% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FIPFX vs. VOO - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FIPFX and VOO. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 11.13%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.84%. This indicates that FIPFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.