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FIWTX vs. FBALX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FIWTX vs. FBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Fidelity Balanced Fund (FBALX). The values are adjusted to include any dividend payments, if applicable.

60.00%80.00%100.00%120.00%140.00%JuneJulyAugustSeptemberOctoberNovember
68.62%
143.11%
FIWTX
FBALX

Returns By Period

In the year-to-date period, FIWTX achieves a 8.85% return, which is significantly lower than FBALX's 17.53% return.


FIWTX

YTD

8.85%

1M

0.30%

6M

5.33%

1Y

14.33%

5Y (annualized)

5.20%

10Y (annualized)

N/A

FBALX

YTD

17.53%

1M

1.81%

6M

8.80%

1Y

23.16%

5Y (annualized)

11.43%

10Y (annualized)

9.68%

Key characteristics


FIWTXFBALX
Sharpe Ratio2.062.68
Sortino Ratio3.003.77
Omega Ratio1.391.50
Calmar Ratio1.373.50
Martin Ratio12.3217.47
Ulcer Index1.16%1.32%
Daily Std Dev6.95%8.58%
Max Drawdown-21.59%-42.81%
Current Drawdown-1.43%-0.52%

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FIWTX vs. FBALX - Expense Ratio Comparison

FIWTX has a 0.08% expense ratio, which is lower than FBALX's 0.51% expense ratio.


FBALX
Fidelity Balanced Fund
Expense ratio chart for FBALX: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
Expense ratio chart for FIWTX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.00.9

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FIWTX, currently valued at 2.06, compared to the broader market-1.000.001.002.003.004.005.002.062.68
The chart of Sortino ratio for FIWTX, currently valued at 3.00, compared to the broader market0.005.0010.003.003.77
The chart of Omega ratio for FIWTX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.50
The chart of Calmar ratio for FIWTX, currently valued at 1.37, compared to the broader market0.005.0010.0015.0020.0025.001.373.50
The chart of Martin ratio for FIWTX, currently valued at 12.32, compared to the broader market0.0020.0040.0060.0080.00100.0012.3217.47
FIWTX
FBALX

The current FIWTX Sharpe Ratio is 2.06, which is comparable to the FBALX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FIWTX and FBALX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.06
2.68
FIWTX
FBALX

Dividends

FIWTX vs. FBALX - Dividend Comparison

FIWTX's dividend yield for the trailing twelve months is around 2.52%, more than FBALX's 1.76% yield.


TTM20232022202120202019201820172016201520142013
FIWTX
Fidelity Freedom Index 2020 Fund Institutional Premium Class
2.52%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
1.76%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.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.43%
-0.52%
FIWTX
FBALX

Volatility

FIWTX vs. FBALX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) is 1.64%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.68%. 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.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%JuneJulyAugustSeptemberOctoberNovember
1.64%
2.68%
FIWTX
FBALX