FIWTX vs. PHYQX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and PGIM High Yield Fund Class R6 (PHYQX).
FIWTX is managed by Fidelity. It was launched on Oct 2, 2009. PHYQX is managed by PGIM Funds (Prudential). It was launched on Oct 31, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIWTX or PHYQX.
Key characteristics
| FIWTX | PHYQX | |
|---|---|---|
| YTD Return | 9.58% | 8.20% |
| 1Y Return | 17.81% | 15.09% |
| 3Y Return (Ann) | 1.07% | 2.23% |
| 5Y Return (Ann) | 5.45% | 4.21% |
| Sharpe Ratio | 2.52 | 3.82 |
| Sortino Ratio | 3.72 | 6.98 |
| Omega Ratio | 1.49 | 2.06 |
| Calmar Ratio | 1.38 | 1.98 |
| Martin Ratio | 16.14 | 24.83 |
| Ulcer Index | 1.11% | 0.62% |
| Daily Std Dev | 7.14% | 4.02% |
| Max Drawdown | -21.59% | -21.12% |
| Current Drawdown | -0.77% | -0.43% |
Correlation
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.
Performance
FIWTX vs. PHYQX - Performance Comparison
In the year-to-date period, FIWTX achieves a 9.58% return, which is significantly higher than PHYQX's 8.20% 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. PHYQX - Expense Ratio Comparison
FIWTX has a 0.08% expense ratio, which is lower than PHYQX's 0.38% expense ratio.
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.
Dividends
FIWTX vs. PHYQX - Dividend Comparison
FIWTX's dividend yield for the trailing twelve months is around 2.51%, less than PHYQX's 7.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PHYQX PGIM High Yield Fund Class R6 | 7.47% | 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.
Volatility
FIWTX vs. PHYQX - Volatility Comparison
Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) has a higher volatility of 1.68% compared to PGIM High Yield Fund Class R6 (PHYQX) at 0.71%. 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.