FPIFX vs. ANCFX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and American Funds Fundamental Investors Class A (ANCFX).
FPIFX is managed by Fidelity. It was launched on Oct 2, 2009. ANCFX is managed by American Funds. It was launched on Jan 8, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPIFX or ANCFX.
Key characteristics
| FPIFX | ANCFX | |
|---|---|---|
| YTD Return | 9.55% | 25.91% |
| 1Y Return | 17.98% | 38.04% |
| 3Y Return (Ann) | 1.13% | 9.95% |
| 5Y Return (Ann) | 5.42% | 14.38% |
| 10Y Return (Ann) | 5.72% | 12.49% |
| Sharpe Ratio | 2.77 | 3.02 |
| Sortino Ratio | 4.16 | 4.00 |
| Omega Ratio | 1.53 | 1.55 |
| Calmar Ratio | 1.48 | 4.81 |
| Martin Ratio | 17.07 | 21.00 |
| Ulcer Index | 1.09% | 1.91% |
| Daily Std Dev | 6.71% | 13.23% |
| Max Drawdown | -21.59% | -52.56% |
| Current Drawdown | -0.77% | 0.00% |
Correlation
The correlation between FPIFX and ANCFX is 0.92, 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
FPIFX vs. ANCFX - Performance Comparison
In the year-to-date period, FPIFX achieves a 9.55% return, which is significantly lower than ANCFX's 25.91% return. Over the past 10 years, FPIFX has underperformed ANCFX with an annualized return of 5.72%, while ANCFX has yielded a comparatively higher 12.49% annualized 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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FPIFX vs. ANCFX - Expense Ratio Comparison
FPIFX has a 0.12% expense ratio, which is lower than ANCFX's 0.59% expense ratio.
Risk-Adjusted Performance
FPIFX vs. ANCFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and American Funds Fundamental Investors Class A (ANCFX). 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
FPIFX vs. ANCFX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 2.46%, more than ANCFX's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 2.46% | 2.42% | 2.62% | 1.52% | 1.38% | 2.03% | 2.17% | 1.72% | 1.79% | 1.91% | 4.65% | 0.36% |
ANCFX American Funds Fundamental Investors Class A | 0.94% | 1.17% | 1.60% | 1.24% | 1.48% | 1.51% | 1.89% | 1.47% | 1.59% | 2.98% | 9.83% | 3.46% |
Drawdowns
FPIFX vs. ANCFX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, smaller than the maximum ANCFX drawdown of -52.56%. Use the drawdown chart below to compare losses from any high point for FPIFX and ANCFX. For additional features, visit the drawdowns tool.
Volatility
FPIFX vs. ANCFX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) is 1.65%, while American Funds Fundamental Investors Class A (ANCFX) has a volatility of 3.63%. This indicates that FPIFX experiences smaller price fluctuations and is considered to be less risky than ANCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.