FIWTX vs. FDRR
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Fidelity Dividend ETF for Rising Rates (FDRR).
FIWTX is managed by Fidelity. It was launched on Oct 2, 2009. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIWTX or FDRR.
Key characteristics
| FIWTX | FDRR | |
|---|---|---|
| YTD Return | 9.64% | 23.31% |
| 1Y Return | 18.04% | 35.10% |
| 3Y Return (Ann) | 1.19% | 9.27% |
| 5Y Return (Ann) | 5.46% | 12.63% |
| Sharpe Ratio | 2.63 | 3.22 |
| Sortino Ratio | 3.90 | 4.37 |
| Omega Ratio | 1.51 | 1.60 |
| Calmar Ratio | 1.49 | 4.80 |
| Martin Ratio | 16.77 | 21.43 |
| Ulcer Index | 1.11% | 1.72% |
| Daily Std Dev | 7.10% | 11.40% |
| Max Drawdown | -21.59% | -36.52% |
| Current Drawdown | -0.71% | -0.09% |
Correlation
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.
Performance
FIWTX vs. FDRR - Performance Comparison
In the year-to-date period, FIWTX achieves a 9.64% return, which is significantly lower than FDRR's 23.31% 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. FDRR - Expense Ratio Comparison
FIWTX has a 0.08% expense ratio, which is lower than FDRR's 0.29% expense ratio.
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.
Dividends
FIWTX vs. FDRR - Dividend Comparison
FIWTX's dividend yield for the trailing twelve months is around 2.51%, more than FDRR's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.16% | 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.
Volatility
FIWTX vs. FDRR - Volatility Comparison
The current volatility for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) is 1.65%, while Fidelity Dividend ETF for Rising Rates (FDRR) has a volatility of 3.34%. 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.