FSNZX vs. FJTKX
Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K (FSNZX) and Fidelity Freedom 2045 Fund Class K6 (FJTKX).
FSNZX is managed by Fidelity. It was launched on Jul 20, 2017. FJTKX is managed by Fidelity. It was launched on Jun 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNZX or FJTKX.
Key characteristics
| FSNZX | FJTKX | |
|---|---|---|
| YTD Return | 18.08% | 18.23% |
| 1Y Return | 29.51% | 29.66% |
| 3Y Return (Ann) | -0.36% | -0.22% |
| 5Y Return (Ann) | 5.64% | 5.76% |
| Sharpe Ratio | 2.68 | 2.70 |
| Sortino Ratio | 3.70 | 3.72 |
| Omega Ratio | 1.49 | 1.50 |
| Calmar Ratio | 1.29 | 1.32 |
| Martin Ratio | 17.33 | 17.49 |
| Ulcer Index | 1.77% | 1.77% |
| Daily Std Dev | 11.46% | 11.45% |
| Max Drawdown | -35.63% | -35.59% |
| Current Drawdown | -1.19% | -0.80% |
Correlation
The correlation between FSNZX and FJTKX is 1.00, 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
FSNZX vs. FJTKX - Performance Comparison
The year-to-date returns for both investments are quite close, with FSNZX having a 18.08% return and FJTKX slightly higher at 18.23%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSNZX vs. FJTKX - Expense Ratio Comparison
FSNZX has a 0.65% expense ratio, which is higher than FJTKX's 0.50% expense ratio.
Risk-Adjusted Performance
FSNZX vs. FJTKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K (FSNZX) and Fidelity Freedom 2045 Fund Class K6 (FJTKX). 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
FSNZX vs. FJTKX - Dividend Comparison
FSNZX's dividend yield for the trailing twelve months is around 1.19%, less than FJTKX's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FSNZX Fidelity Freedom 2045 Fund Class K | 1.19% | 1.41% | 2.17% | 2.32% | 1.10% | 1.55% | 1.76% | 1.26% |
FJTKX Fidelity Freedom 2045 Fund Class K6 | 1.30% | 1.54% | 2.34% | 2.52% | 1.23% | 1.70% | 2.07% | 1.30% |
Drawdowns
FSNZX vs. FJTKX - Drawdown Comparison
The maximum FSNZX drawdown since its inception was -35.63%, roughly equal to the maximum FJTKX drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for FSNZX and FJTKX. For additional features, visit the drawdowns tool.
Volatility
FSNZX vs. FJTKX - Volatility Comparison
Fidelity Freedom 2045 Fund Class K (FSNZX) and Fidelity Freedom 2045 Fund Class K6 (FJTKX) have volatilities of 3.06% and 3.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.