FIWFX vs. FIWTX
Compare and contrast key facts about Fidelity Freedom Index 2015 Fund Institutional Premium Class (FIWFX) and Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX).
FIWFX is managed by Fidelity. It was launched on Oct 2, 2009. FIWTX 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: FIWFX or FIWTX.
Key characteristics
| FIWFX | FIWTX | |
|---|---|---|
| YTD Return | 8.23% | 9.64% |
| 1Y Return | 15.78% | 18.04% |
| 3Y Return (Ann) | 0.92% | 1.19% |
| 5Y Return (Ann) | 4.69% | 5.46% |
| Sharpe Ratio | 2.65 | 2.63 |
| Sortino Ratio | 3.96 | 3.90 |
| Omega Ratio | 1.51 | 1.51 |
| Calmar Ratio | 1.42 | 1.49 |
| Martin Ratio | 16.81 | 16.77 |
| Ulcer Index | 0.97% | 1.11% |
| Daily Std Dev | 6.15% | 7.10% |
| Max Drawdown | -19.50% | -21.59% |
| Current Drawdown | -0.86% | -0.71% |
Correlation
The correlation between FIWFX and FIWTX is 0.99, 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
FIWFX vs. FIWTX - Performance Comparison
In the year-to-date period, FIWFX achieves a 8.23% return, which is significantly lower than FIWTX's 9.64% 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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FIWFX vs. FIWTX - Expense Ratio Comparison
Both FIWFX and FIWTX have an expense ratio of 0.08%, 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
FIWFX vs. FIWTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2015 Fund Institutional Premium Class (FIWFX) and Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX). 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
FIWFX vs. FIWTX - Dividend Comparison
FIWFX's dividend yield for the trailing twelve months is around 2.67%, more than FIWTX's 2.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIWFX Fidelity Freedom Index 2015 Fund Institutional Premium Class | 2.67% | 2.60% | 2.78% | 1.56% | 1.38% | 2.12% | 2.24% | 1.72% | 1.82% | 1.74% |
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class | 2.51% | 2.47% | 2.67% | 1.61% | 1.41% | 2.07% | 2.23% | 1.76% | 1.86% | 1.79% |
Drawdowns
FIWFX vs. FIWTX - Drawdown Comparison
The maximum FIWFX drawdown since its inception was -19.50%, smaller than the maximum FIWTX drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for FIWFX and FIWTX. For additional features, visit the drawdowns tool.
Volatility
FIWFX vs. FIWTX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2015 Fund Institutional Premium Class (FIWFX) is 1.43%, while Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) has a volatility of 1.65%. This indicates that FIWFX experiences smaller price fluctuations and is considered to be less risky than FIWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.