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

Performance

FIWTX vs. PHYQX - 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 PGIM High Yield Fund Class R6 (PHYQX). The values are adjusted to include any dividend payments, if applicable.

50.00%55.00%60.00%65.00%70.00%JuneJulyAugustSeptemberOctoberNovember
68.62%
61.75%
FIWTX
PHYQX

Returns By Period

In the year-to-date period, FIWTX achieves a 8.85% return, which is significantly higher than PHYQX's 7.97% return.


FIWTX

YTD

8.85%

1M

0.30%

6M

5.33%

1Y

14.33%

5Y (annualized)

5.20%

10Y (annualized)

N/A

PHYQX

YTD

7.97%

1M

0.60%

6M

6.48%

1Y

14.10%

5Y (annualized)

4.24%

10Y (annualized)

5.11%

Key characteristics


FIWTXPHYQX
Sharpe Ratio2.063.60
Sortino Ratio3.006.54
Omega Ratio1.391.98
Calmar Ratio1.372.10
Martin Ratio12.3222.57
Ulcer Index1.16%0.62%
Daily Std Dev6.95%3.92%
Max Drawdown-21.59%-21.12%
Current Drawdown-1.43%-0.64%

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FIWTX vs. PHYQX - Expense Ratio Comparison

FIWTX has a 0.08% expense ratio, which is lower than PHYQX's 0.38% expense ratio.


PHYQX
PGIM High Yield Fund Class R6
Expense ratio chart for PHYQX: current value at 0.38% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.38%
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

-0.50.00.51.00.5

The correlation between FIWTX and PHYQX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

FIWTX vs. PHYQX - 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 PGIM High Yield Fund Class R6 (PHYQX). 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-1.000.001.002.003.004.005.002.063.60
The chart of Sortino ratio for FIWTX, currently valued at 3.00, compared to the broader market0.005.0010.003.006.54
The chart of Omega ratio for FIWTX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.98
The chart of Calmar ratio for FIWTX, currently valued at 1.37, compared to the broader market0.005.0010.0015.0020.0025.001.372.10
The chart of Martin ratio for FIWTX, currently valued at 12.32, compared to the broader market0.0020.0040.0060.0080.00100.0012.3222.57
FIWTX
PHYQX

The current FIWTX Sharpe Ratio is 2.06, which is lower than the PHYQX Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of FIWTX and PHYQX, 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 Ratio1.001.502.002.503.003.504.004.50JuneJulyAugustSeptemberOctoberNovember
2.06
3.60
FIWTX
PHYQX

Dividends

FIWTX vs. PHYQX - Dividend Comparison

FIWTX's dividend yield for the trailing twelve months is around 2.52%, less than PHYQX's 7.49% 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%
PHYQX
PGIM High Yield Fund Class R6
7.49%7.11%7.14%5.63%6.12%6.31%6.70%6.39%6.50%7.03%6.73%6.72%

Drawdowns

FIWTX vs. PHYQX - Drawdown Comparison

The maximum FIWTX drawdown since its inception was -21.59%, roughly equal to the maximum PHYQX drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for FIWTX and PHYQX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.43%
-0.64%
FIWTX
PHYQX

Volatility

FIWTX vs. PHYQX - Volatility Comparison

Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) has a higher volatility of 1.64% compared to PGIM High Yield Fund Class R6 (PHYQX) at 0.65%. This indicates that FIWTX's price experiences larger fluctuations and is considered to be riskier than PHYQX 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%JuneJulyAugustSeptemberOctoberNovember
1.64%
0.65%
FIWTX
PHYQX