Correlation
The correlation between FNGLX and ANGL is 0.65, 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.
FNGLX vs. ANGL
Compare and contrast key facts about Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
FNGLX is managed by Fidelity. It was launched on Jun 6, 2017. ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNGLX or ANGL.
Performance
FNGLX vs. ANGL - Performance Comparison
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Key characteristics
FNGLX:
0.79
ANGL:
1.15
FNGLX:
1.07
ANGL:
1.56
FNGLX:
1.15
ANGL:
1.25
FNGLX:
0.76
ANGL:
1.34
FNGLX:
3.27
ANGL:
6.45
FNGLX:
3.50%
ANGL:
1.14%
FNGLX:
16.53%
ANGL:
6.65%
FNGLX:
-31.22%
ANGL:
-35.07%
FNGLX:
-0.21%
ANGL:
-0.06%
Returns By Period
In the year-to-date period, FNGLX achieves a 7.31% return, which is significantly higher than ANGL's 2.22% return.
FNGLX
7.31%
5.85%
4.17%
12.86%
11.10%
12.51%
N/A
ANGL
2.22%
1.99%
1.21%
7.57%
5.37%
5.67%
5.80%
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FNGLX vs. ANGL - Expense Ratio Comparison
FNGLX has a 0.50% expense ratio, which is higher than ANGL's 0.35% expense ratio.
Risk-Adjusted Performance
FNGLX vs. ANGL — Risk-Adjusted Performance Rank
FNGLX
ANGL
FNGLX vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). 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.
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Dividends
FNGLX vs. ANGL - Dividend Comparison
FNGLX's dividend yield for the trailing twelve months is around 5.04%, less than ANGL's 6.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGLX Fidelity Advisor Freedom 2060 Fund Class Z6 | 5.04% | 2.04% | 2.36% | 10.48% | 8.88% | 4.70% | 6.51% | 8.88% | 2.36% | 0.00% | 0.00% | 0.00% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.33% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.79% | 5.81% | 6.80% |
Drawdowns
FNGLX vs. ANGL - Drawdown Comparison
The maximum FNGLX drawdown since its inception was -31.22%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for FNGLX and ANGL.
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Volatility
FNGLX vs. ANGL - Volatility Comparison
Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) has a higher volatility of 3.32% compared to VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) at 1.70%. This indicates that FNGLX's price experiences larger fluctuations and is considered to be riskier than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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