FSNVX vs. VOO
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K (FSNVX) and Vanguard S&P 500 ETF (VOO).
FSNVX is managed by Fidelity. It was launched on Jul 20, 2017. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNVX or VOO.
Correlation
The correlation between FSNVX and VOO 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. VOO - Performance Comparison
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Key characteristics
FSNVX:
0.42
VOO:
0.69
FSNVX:
0.71
VOO:
1.10
FSNVX:
1.10
VOO:
1.16
FSNVX:
0.44
VOO:
0.73
FSNVX:
1.97
VOO:
2.79
FSNVX:
3.42%
VOO:
4.89%
FSNVX:
15.51%
VOO:
19.37%
FSNVX:
-35.64%
VOO:
-33.99%
FSNVX:
-3.48%
VOO:
-3.00%
Returns By Period
In the year-to-date period, FSNVX achieves a 3.55% return, which is significantly higher than VOO's 1.48% return.
FSNVX
3.55%
7.16%
1.31%
6.46%
10.02%
7.42%
N/A
VOO
1.48%
12.60%
1.07%
13.35%
16.79%
16.77%
12.78%
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FSNVX vs. VOO - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FSNVX vs. VOO — Risk-Adjusted Performance Rank
FSNVX
VOO
FSNVX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
FSNVX vs. VOO - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 1.54%, more than VOO's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 1.54% | 1.59% | 1.45% | 2.16% | 2.32% | 1.11% | 1.56% | 1.76% | 1.28% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FSNVX vs. VOO - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -35.64%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSNVX and VOO. For additional features, visit the drawdowns tool.
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Volatility
FSNVX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund Class K (FSNVX) is 4.22%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.63%. This indicates that FSNVX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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