FOKFX vs. FBIFX
Compare and contrast key facts about Fidelity OTC K6 Portfolio (FOKFX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX).
FOKFX is managed by Fidelity. It was launched on Jun 13, 2019. FBIFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOKFX or FBIFX.
Key characteristics
| FOKFX | FBIFX | |
|---|---|---|
| YTD Return | 29.24% | 16.32% |
| 1Y Return | 40.13% | 27.64% |
| 3Y Return (Ann) | 6.65% | 3.95% |
| 5Y Return (Ann) | 19.06% | 6.27% |
| Sharpe Ratio | 2.20 | 2.73 |
| Sortino Ratio | 2.87 | 3.81 |
| Omega Ratio | 1.39 | 1.51 |
| Calmar Ratio | 2.70 | 2.20 |
| Martin Ratio | 8.33 | 17.85 |
| Ulcer Index | 4.84% | 1.55% |
| Daily Std Dev | 18.33% | 10.14% |
| Max Drawdown | -37.76% | -38.83% |
| Current Drawdown | -1.54% | 0.00% |
Correlation
The correlation between FOKFX and FBIFX is 0.87, 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
FOKFX vs. FBIFX - Performance Comparison
In the year-to-date period, FOKFX achieves a 29.24% return, which is significantly higher than FBIFX's 16.32% 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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FOKFX vs. FBIFX - Expense Ratio Comparison
FOKFX has a 0.50% expense ratio, which is higher than FBIFX's 0.12% expense ratio.
Risk-Adjusted Performance
FOKFX vs. FBIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC K6 Portfolio (FOKFX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX). 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
FOKFX vs. FBIFX - Dividend Comparison
FOKFX's dividend yield for the trailing twelve months is around 0.21%, less than FBIFX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOKFX Fidelity OTC K6 Portfolio | 0.21% | 0.24% | 0.08% | 0.00% | 0.07% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.76% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% | 0.13% |
Drawdowns
FOKFX vs. FBIFX - Drawdown Comparison
The maximum FOKFX drawdown since its inception was -37.76%, roughly equal to the maximum FBIFX drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for FOKFX and FBIFX. For additional features, visit the drawdowns tool.
Volatility
FOKFX vs. FBIFX - Volatility Comparison
Fidelity OTC K6 Portfolio (FOKFX) has a higher volatility of 5.14% compared to Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) at 2.73%. This indicates that FOKFX's price experiences larger fluctuations and is considered to be riskier than FBIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.