FNSHX vs. FZROX
Compare and contrast key facts about Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity ZERO Total Market Index Fund (FZROX).
FNSHX is managed by Fidelity. It was launched on Jul 20, 2017. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSHX or FZROX.
Key characteristics
| FNSHX | FZROX | |
|---|---|---|
| YTD Return | 4.80% | 25.39% |
| 1Y Return | 9.88% | 34.14% |
| 3Y Return (Ann) | -1.34% | 8.75% |
| 5Y Return (Ann) | 0.70% | 15.09% |
| Sharpe Ratio | 2.07 | 2.75 |
| Sortino Ratio | 3.11 | 3.67 |
| Omega Ratio | 1.39 | 1.51 |
| Calmar Ratio | 0.77 | 4.01 |
| Martin Ratio | 11.35 | 17.57 |
| Ulcer Index | 0.87% | 1.96% |
| Daily Std Dev | 4.77% | 12.50% |
| Max Drawdown | -19.27% | -34.96% |
| Current Drawdown | -4.43% | -1.09% |
Correlation
The correlation between FNSHX and FZROX is 0.61, 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
FNSHX vs. FZROX - Performance Comparison
In the year-to-date period, FNSHX achieves a 4.80% return, which is significantly lower than FZROX's 25.39% 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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FNSHX vs. FZROX - Expense Ratio Comparison
FNSHX has a 0.42% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FNSHX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity ZERO Total Market Index Fund (FZROX). 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. FZROX - Dividend Comparison
FNSHX's dividend yield for the trailing twelve months is around 3.32%, more than FZROX's 1.08% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.08% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% |
Drawdowns
FNSHX vs. FZROX - Drawdown Comparison
The maximum FNSHX drawdown since its inception was -19.27%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FNSHX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FNSHX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Freedom Income Fund Class K (FNSHX) is 1.35%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.99%. This indicates that FNSHX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.