FPIFX vs. VWENX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and Vanguard Wellington Fund Admiral Shares (VWENX).
FPIFX is managed by Fidelity. It was launched on Oct 2, 2009. VWENX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPIFX or VWENX.
Key characteristics
| FPIFX | VWENX | |
|---|---|---|
| YTD Return | 9.88% | 13.40% |
| 1Y Return | 17.14% | 21.66% |
| 3Y Return (Ann) | 2.16% | 5.53% |
| 5Y Return (Ann) | 5.80% | 9.02% |
| 10Y Return (Ann) | 5.82% | 8.54% |
| Sharpe Ratio | 2.28 | 2.36 |
| Daily Std Dev | 7.35% | 8.88% |
| Max Drawdown | -21.59% | -36.02% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FPIFX and VWENX is 0.94, 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. VWENX - Performance Comparison
In the year-to-date period, FPIFX achieves a 9.88% return, which is significantly lower than VWENX's 13.40% return. Over the past 10 years, FPIFX has underperformed VWENX with an annualized return of 5.82%, while VWENX has yielded a comparatively higher 8.54% 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. VWENX - Expense Ratio Comparison
FPIFX has a 0.12% expense ratio, which is lower than VWENX's 0.16% expense ratio. Despite the difference, 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. VWENX - 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 Wellington Fund Admiral Shares (VWENX). 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. VWENX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 3.70%, less than VWENX's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 3.70% | 2.42% | 2.95% | 2.67% | 2.54% | 17.42% | 2.50% | 1.85% | 1.83% | 1.91% | 4.65% | 0.36% |
VWENX Vanguard Wellington Fund Admiral Shares | 5.02% | 6.08% | 8.28% | 8.72% | 7.85% | 4.74% | 9.58% | 6.55% | 4.53% | 6.58% | 6.47% | 6.63% |
Drawdowns
FPIFX vs. VWENX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, smaller than the maximum VWENX drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for FPIFX and VWENX. For additional features, visit the drawdowns tool.
Volatility
FPIFX vs. VWENX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) is 1.96%, while Vanguard Wellington Fund Admiral Shares (VWENX) has a volatility of 2.94%. This indicates that FPIFX experiences smaller price fluctuations and is considered to be less risky than VWENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.