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

Performance

FIWTX vs. FDRR - 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 Dividend ETF for Rising Rates (FDRR). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.61%
12.10%
FIWTX
FDRR

Returns By Period

In the year-to-date period, FIWTX achieves a 8.53% return, which is significantly lower than FDRR's 21.74% return.


FIWTX

YTD

8.53%

1M

-1.25%

6M

4.61%

1Y

13.98%

5Y (annualized)

5.17%

10Y (annualized)

N/A

FDRR

YTD

21.74%

1M

-0.75%

6M

12.11%

1Y

29.30%

5Y (annualized)

12.32%

10Y (annualized)

N/A

Key characteristics


FIWTXFDRR
Sharpe Ratio2.092.66
Sortino Ratio3.033.63
Omega Ratio1.391.49
Calmar Ratio1.393.92
Martin Ratio12.6317.33
Ulcer Index1.15%1.73%
Daily Std Dev6.96%11.29%
Max Drawdown-21.59%-36.52%
Current Drawdown-1.72%-1.36%

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FIWTX vs. FDRR - Expense Ratio Comparison

FIWTX has a 0.08% expense ratio, which is lower than FDRR's 0.29% expense ratio.


FDRR
Fidelity Dividend ETF for Rising Rates
Expense ratio chart for FDRR: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%
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 FDRR is 0.86, 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. FDRR - 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 Dividend ETF for Rising Rates (FDRR). 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 2.09, compared to the broader market-1.000.001.002.003.004.005.002.092.66
The chart of Sortino ratio for FIWTX, currently valued at 3.03, compared to the broader market0.005.0010.003.033.63
The chart of Omega ratio for FIWTX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.49
The chart of Calmar ratio for FIWTX, currently valued at 1.39, compared to the broader market0.005.0010.0015.0020.0025.001.393.92
The chart of Martin ratio for FIWTX, currently valued at 12.63, compared to the broader market0.0020.0040.0060.0080.00100.0012.6317.33
FIWTX
FDRR

The current FIWTX Sharpe Ratio is 2.09, which is comparable to the FDRR Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of FIWTX and FDRR, 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
2.09
2.66
FIWTX
FDRR

Dividends

FIWTX vs. FDRR - Dividend Comparison

FIWTX's dividend yield for the trailing twelve months is around 2.53%, more than FDRR's 2.19% yield.


TTM202320222021202020192018201720162015
FIWTX
Fidelity Freedom Index 2020 Fund Institutional Premium Class
2.53%2.47%2.67%1.61%1.41%2.07%2.23%1.76%1.86%1.79%
FDRR
Fidelity Dividend ETF for Rising Rates
2.19%2.93%2.75%2.09%2.85%2.89%3.20%2.89%0.61%0.00%

Drawdowns

FIWTX vs. FDRR - Drawdown Comparison

The maximum FIWTX drawdown since its inception was -21.59%, smaller than the maximum FDRR drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for FIWTX and FDRR. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.72%
-1.36%
FIWTX
FDRR

Volatility

FIWTX vs. FDRR - Volatility Comparison

The current volatility for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) is 1.69%, while Fidelity Dividend ETF for Rising Rates (FDRR) has a volatility of 3.20%. This indicates that FIWTX experiences smaller price fluctuations and is considered to be less risky than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.69%
3.20%
FIWTX
FDRR