FIWTX vs. FBALX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Fidelity Balanced Fund (FBALX).
FIWTX is managed by Fidelity. It was launched on Oct 2, 2009. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIWTX or FBALX.
Key characteristics
| FIWTX | FBALX | |
|---|---|---|
| YTD Return | 9.64% | 18.15% |
| 1Y Return | 18.04% | 26.94% |
| 3Y Return (Ann) | 1.19% | 5.15% |
| 5Y Return (Ann) | 5.46% | 11.86% |
| Sharpe Ratio | 2.63 | 3.25 |
| Sortino Ratio | 3.90 | 4.60 |
| Omega Ratio | 1.51 | 1.62 |
| Calmar Ratio | 1.49 | 3.17 |
| Martin Ratio | 16.77 | 21.64 |
| Ulcer Index | 1.11% | 1.30% |
| Daily Std Dev | 7.10% | 8.64% |
| Max Drawdown | -21.59% | -42.81% |
| Current Drawdown | -0.71% | 0.00% |
Correlation
The correlation between FIWTX and FBALX is 0.94, 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
FIWTX vs. FBALX - Performance Comparison
In the year-to-date period, FIWTX achieves a 9.64% return, which is significantly lower than FBALX's 18.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIWTX vs. FBALX - Expense Ratio Comparison
FIWTX has a 0.08% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FIWTX vs. FBALX - 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 Fidelity Balanced Fund (FBALX). 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. FBALX - Dividend Comparison
FIWTX's dividend yield for the trailing twelve months is around 2.51%, less than FBALX's 4.53% 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% |
FBALX Fidelity Balanced Fund | 4.53% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FIWTX vs. FBALX - Drawdown Comparison
The maximum FIWTX drawdown since its inception was -21.59%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FIWTX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FIWTX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) is 1.65%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.58%. This indicates that FIWTX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.