FNSHX vs. FYTKX
Compare and contrast key facts about Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Freedom Income Fund Class K6 (FYTKX).
FNSHX is managed by Fidelity. It was launched on Jul 20, 2017. FYTKX is managed by Fidelity. It was launched on Oct 17, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSHX or FYTKX.
Key characteristics
| FNSHX | FYTKX | |
|---|---|---|
| YTD Return | 4.80% | 4.87% |
| 1Y Return | 9.88% | 9.99% |
| 3Y Return (Ann) | -1.34% | -1.24% |
| 5Y Return (Ann) | 0.70% | 0.78% |
| Sharpe Ratio | 2.07 | 2.11 |
| Sortino Ratio | 3.11 | 3.16 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 0.77 | 0.79 |
| Martin Ratio | 11.35 | 11.55 |
| Ulcer Index | 0.87% | 0.86% |
| Daily Std Dev | 4.77% | 4.74% |
| Max Drawdown | -19.27% | -19.23% |
| Current Drawdown | -4.43% | -4.14% |
Correlation
The correlation between FNSHX and FYTKX is 0.97, 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
FNSHX vs. FYTKX - Performance Comparison
The year-to-date returns for both investments are quite close, with FNSHX having a 4.80% return and FYTKX slightly higher at 4.87%. 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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FNSHX vs. FYTKX - Expense Ratio Comparison
FNSHX has a 0.42% expense ratio, which is higher than FYTKX's 0.37% expense ratio.
Risk-Adjusted Performance
FNSHX vs. FYTKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Freedom Income Fund Class K6 (FYTKX). 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
FNSHX vs. FYTKX - Dividend Comparison
FNSHX's dividend yield for the trailing twelve months is around 3.32%, less than FYTKX's 3.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FNSHX Fidelity Freedom Income Fund Class K | 3.32% | 2.98% | 3.49% | 2.47% | 1.24% | 2.05% | 2.11% | 1.16% |
FYTKX Fidelity Freedom Income Fund Class K6 | 3.51% | 3.13% | 3.57% | 2.55% | 1.29% | 2.11% | 2.22% | 1.24% |
Drawdowns
FNSHX vs. FYTKX - Drawdown Comparison
The maximum FNSHX drawdown since its inception was -19.27%, roughly equal to the maximum FYTKX drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for FNSHX and FYTKX. For additional features, visit the drawdowns tool.
Volatility
FNSHX vs. FYTKX - Volatility Comparison
Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Freedom Income Fund Class K6 (FYTKX) have volatilities of 1.35% and 1.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.