FSNVX vs. FSGGX
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity Global ex U.S. Index Fund (FSGGX).
FSNVX is managed by Fidelity. It was launched on Jul 20, 2017. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNVX or FSGGX.
Correlation
The correlation between FSNVX and FSGGX is 0.91, 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
FSNVX vs. FSGGX - Performance Comparison
Key characteristics
FSNVX:
1.32
FSGGX:
1.05
FSNVX:
1.86
FSGGX:
1.51
FSNVX:
1.24
FSGGX:
1.19
FSNVX:
0.99
FSGGX:
1.31
FSNVX:
6.86
FSGGX:
3.29
FSNVX:
2.14%
FSGGX:
3.90%
FSNVX:
11.09%
FSGGX:
12.22%
FSNVX:
-35.64%
FSGGX:
-34.76%
FSNVX:
-1.79%
FSGGX:
-1.75%
Returns By Period
In the year-to-date period, FSNVX achieves a 5.36% return, which is significantly lower than FSGGX's 7.28% return.
FSNVX
5.36%
3.40%
4.39%
15.18%
4.43%
N/A
FSGGX
7.28%
6.03%
2.62%
12.09%
5.94%
5.04%
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FSNVX vs. FSGGX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than FSGGX's 0.06% expense ratio.
Risk-Adjusted Performance
FSNVX vs. FSGGX — Risk-Adjusted Performance Rank
FSNVX
FSGGX
FSNVX vs. FSGGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity Global ex U.S. Index Fund (FSGGX). 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
FSNVX vs. FSGGX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 1.51%, less than FSGGX's 2.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 1.51% | 1.59% | 1.45% | 2.16% | 2.32% | 1.11% | 1.56% | 1.76% | 1.28% | 0.00% | 0.00% | 0.00% |
FSGGX Fidelity Global ex U.S. Index Fund | 2.71% | 2.91% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 2.09% | 2.06% | 2.44% | 2.61% |
Drawdowns
FSNVX vs. FSGGX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -35.64%, roughly equal to the maximum FSGGX drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for FSNVX and FSGGX. For additional features, visit the drawdowns tool.
Volatility
FSNVX vs. FSGGX - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund Class K (FSNVX) is 2.95%, while Fidelity Global ex U.S. Index Fund (FSGGX) has a volatility of 3.31%. This indicates that FSNVX experiences smaller price fluctuations and is considered to be less risky than FSGGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.