FNSHX vs. SSHIX
Compare and contrast key facts about Fidelity Freedom Income Fund Class K (FNSHX) and Allspring Short-Term Bond Plus Fund (SSHIX).
FNSHX is managed by Fidelity. It was launched on Jul 20, 2017. SSHIX is managed by Allspring Global Investments. It was launched on Aug 31, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSHX or SSHIX.
Key characteristics
| FNSHX | SSHIX | |
|---|---|---|
| YTD Return | 4.80% | 4.58% |
| 1Y Return | 9.88% | 7.02% |
| 3Y Return (Ann) | -1.34% | 1.60% |
| 5Y Return (Ann) | 0.70% | 2.09% |
| Sharpe Ratio | 2.07 | 3.45 |
| Sortino Ratio | 3.11 | 5.59 |
| Omega Ratio | 1.39 | 1.81 |
| Calmar Ratio | 0.77 | 2.75 |
| Martin Ratio | 11.35 | 25.43 |
| Ulcer Index | 0.87% | 0.27% |
| Daily Std Dev | 4.77% | 2.00% |
| Max Drawdown | -19.27% | -7.78% |
| Current Drawdown | -4.43% | -0.63% |
Correlation
The correlation between FNSHX and SSHIX is 0.49, 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. SSHIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FNSHX having a 4.80% return and SSHIX slightly lower at 4.58%. 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. SSHIX - Expense Ratio Comparison
FNSHX has a 0.42% expense ratio, which is lower than SSHIX's 0.47% expense ratio.
Risk-Adjusted Performance
FNSHX vs. SSHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Allspring Short-Term Bond Plus Fund (SSHIX). 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. SSHIX - Dividend Comparison
FNSHX's dividend yield for the trailing twelve months is around 3.32%, less than SSHIX's 4.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSHX Fidelity Freedom Income Fund Class K | 3.32% | 2.98% | 3.49% | 2.47% | 1.24% | 2.05% | 2.11% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% |
SSHIX Allspring Short-Term Bond Plus Fund | 4.37% | 3.92% | 2.14% | 1.50% | 2.10% | 2.62% | 2.21% | 1.64% | 1.59% | 1.33% | 1.35% | 1.48% |
Drawdowns
FNSHX vs. SSHIX - Drawdown Comparison
The maximum FNSHX drawdown since its inception was -19.27%, which is greater than SSHIX's maximum drawdown of -7.78%. Use the drawdown chart below to compare losses from any high point for FNSHX and SSHIX. For additional features, visit the drawdowns tool.
Volatility
FNSHX vs. SSHIX - Volatility Comparison
Fidelity Freedom Income Fund Class K (FNSHX) has a higher volatility of 1.35% compared to Allspring Short-Term Bond Plus Fund (SSHIX) at 0.48%. This indicates that FNSHX's price experiences larger fluctuations and is considered to be riskier than SSHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.