FPIFX vs. VTWNX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and Vanguard Target Retirement 2020 Fund (VTWNX).
FPIFX is managed by Fidelity. It was launched on Oct 2, 2009. VTWNX is managed by Vanguard. It was launched on Jun 7, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPIFX or VTWNX.
Key characteristics
| FPIFX | VTWNX | |
|---|---|---|
| YTD Return | 8.96% | 8.06% |
| 1Y Return | 15.77% | 14.79% |
| 3Y Return (Ann) | 1.58% | 1.91% |
| 5Y Return (Ann) | 5.63% | 5.72% |
| 10Y Return (Ann) | 5.67% | 5.73% |
| Sharpe Ratio | 2.11 | 1.39 |
| Daily Std Dev | 7.32% | 10.47% |
| Max Drawdown | -21.59% | -42.16% |
| Current Drawdown | -0.42% | -0.34% |
Correlation
The correlation between FPIFX and VTWNX is 0.98, 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. VTWNX - Performance Comparison
In the year-to-date period, FPIFX achieves a 8.96% return, which is significantly higher than VTWNX's 8.06% return. Both investments have delivered pretty close results over the past 10 years, with FPIFX having a 5.67% annualized return and VTWNX not far ahead at 5.73%. 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. VTWNX - Expense Ratio Comparison
FPIFX has a 0.12% expense ratio, which is higher than VTWNX's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FPIFX vs. VTWNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and Vanguard Target Retirement 2020 Fund (VTWNX). 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. VTWNX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 3.73%, less than VTWNX's 5.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 3.73% | 2.42% | 2.95% | 2.67% | 2.54% | 17.42% | 2.50% | 1.85% | 1.83% | 1.91% | 4.65% | 0.36% |
VTWNX Vanguard Target Retirement 2020 Fund | 5.74% | 6.20% | 4.99% | 19.57% | 6.28% | 3.54% | 4.94% | 2.74% | 2.74% | 4.15% | 2.04% | 1.83% |
Drawdowns
FPIFX vs. VTWNX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, smaller than the maximum VTWNX drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for FPIFX and VTWNX. For additional features, visit the drawdowns tool.
Volatility
FPIFX vs. VTWNX - Volatility Comparison
Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) has a higher volatility of 1.79% compared to Vanguard Target Retirement 2020 Fund (VTWNX) at 1.56%. This indicates that FPIFX's price experiences larger fluctuations and is considered to be riskier than VTWNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.