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

Performance

FIWTX vs. FXAIX - 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 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.81%
12.22%
FIWTX
FXAIX

Returns By Period

In the year-to-date period, FIWTX achieves a 8.53% return, which is significantly lower than FXAIX's 25.56% return.


FIWTX

YTD

8.53%

1M

-1.25%

6M

4.61%

1Y

13.98%

5Y (annualized)

5.17%

10Y (annualized)

N/A

FXAIX

YTD

25.56%

1M

1.00%

6M

11.92%

1Y

31.93%

5Y (annualized)

15.65%

10Y (annualized)

13.05%

Key characteristics


FIWTXFXAIX
Sharpe Ratio2.092.69
Sortino Ratio3.033.58
Omega Ratio1.391.50
Calmar Ratio1.393.90
Martin Ratio12.6317.55
Ulcer Index1.15%1.88%
Daily Std Dev6.96%12.25%
Max Drawdown-21.59%-33.79%
Current Drawdown-1.72%-1.35%

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FIWTX vs. FXAIX - Expense Ratio Comparison

FIWTX has a 0.08% expense ratio, which is higher than FXAIX's 0.02% 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%.


FIWTX
Fidelity Freedom Index 2020 Fund Institutional Premium Class
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%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Correlation

-0.50.00.51.00.9

The correlation between FIWTX and FXAIX is 0.90, 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. FXAIX - 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 500 Index Fund (FXAIX). 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 market0.002.004.002.092.69
The chart of Sortino ratio for FIWTX, currently valued at 3.03, compared to the broader market0.005.0010.003.033.58
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 1.39, compared to the broader market0.005.0010.0015.0020.0025.001.393.90
The chart of Martin ratio for FIWTX, currently valued at 12.63, compared to the broader market0.0020.0040.0060.0080.00100.0012.6317.55
FIWTX
FXAIX

The current FIWTX Sharpe Ratio is 2.09, which is comparable to the FXAIX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of FIWTX and FXAIX, 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
2.69
FIWTX
FXAIX

Dividends

FIWTX vs. FXAIX - Dividend Comparison

FIWTX's dividend yield for the trailing twelve months is around 2.53%, more than FXAIX's 1.23% yield.


TTM20232022202120202019201820172016201520142013
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%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.23%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

FIWTX vs. FXAIX - Drawdown Comparison

The maximum FIWTX drawdown since its inception was -21.59%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FIWTX and FXAIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.72%
-1.35%
FIWTX
FXAIX

Volatility

FIWTX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) is 1.69%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.06%. This indicates that FIWTX experiences smaller price fluctuations and is considered to be less risky than FXAIX 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%
4.06%
FIWTX
FXAIX