FIWTX vs. BND
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Vanguard Total Bond Market ETF (BND).
FIWTX is managed by Fidelity. It was launched on Oct 2, 2009. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIWTX or BND.
Key characteristics
| FIWTX | BND | |
|---|---|---|
| YTD Return | 9.64% | 2.21% |
| 1Y Return | 18.04% | 8.50% |
| 3Y Return (Ann) | 1.19% | -2.17% |
| 5Y Return (Ann) | 5.46% | -0.09% |
| Sharpe Ratio | 2.63 | 1.50 |
| Sortino Ratio | 3.90 | 2.21 |
| Omega Ratio | 1.51 | 1.26 |
| Calmar Ratio | 1.49 | 0.55 |
| Martin Ratio | 16.77 | 5.32 |
| Ulcer Index | 1.11% | 1.63% |
| Daily Std Dev | 7.10% | 5.81% |
| Max Drawdown | -21.59% | -18.84% |
| Current Drawdown | -0.71% | -8.62% |
Correlation
The correlation between FIWTX and BND is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIWTX vs. BND - Performance Comparison
In the year-to-date period, FIWTX achieves a 9.64% return, which is significantly higher than BND's 2.21% 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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FIWTX vs. BND - Expense Ratio Comparison
FIWTX has a 0.08% expense ratio, which is higher than BND'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
FIWTX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Vanguard Total Bond Market ETF (BND). 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
FIWTX vs. BND - Dividend Comparison
FIWTX's dividend yield for the trailing twelve months is around 2.51%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FIWTX vs. BND - Drawdown Comparison
The maximum FIWTX drawdown since its inception was -21.59%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FIWTX and BND. For additional features, visit the drawdowns tool.
Volatility
FIWTX vs. BND - Volatility Comparison
Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.65% and 1.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.