Correlation
The correlation between FSNZX and VGT is 0.93, 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.
FSNZX vs. VGT
Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K (FSNZX) and Vanguard Information Technology ETF (VGT).
FSNZX is managed by Fidelity. It was launched on Jul 20, 2017. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNZX or VGT.
Performance
FSNZX vs. VGT - Performance Comparison
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Key characteristics
FSNZX:
0.74
VGT:
0.47
FSNZX:
1.01
VGT:
0.71
FSNZX:
1.14
VGT:
1.10
FSNZX:
0.70
VGT:
0.40
FSNZX:
3.00
VGT:
1.29
FSNZX:
3.59%
VGT:
8.45%
FSNZX:
16.66%
VGT:
30.25%
FSNZX:
-30.92%
VGT:
-54.63%
FSNZX:
-0.43%
VGT:
-6.19%
Returns By Period
In the year-to-date period, FSNZX achieves a 6.46% return, which is significantly higher than VGT's -2.36% return.
FSNZX
6.46%
5.68%
3.05%
12.22%
11.18%
12.64%
N/A
VGT
-2.36%
10.36%
-2.31%
13.93%
19.73%
19.26%
19.78%
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FSNZX vs. VGT - Expense Ratio Comparison
FSNZX has a 0.65% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
FSNZX vs. VGT — Risk-Adjusted Performance Rank
FSNZX
VGT
FSNZX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K (FSNZX) and Vanguard Information Technology ETF (VGT). 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
FSNZX vs. VGT - Dividend Comparison
FSNZX's dividend yield for the trailing twelve months is around 4.40%, more than VGT's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNZX Fidelity Freedom 2045 Fund Class K | 4.40% | 2.26% | 1.99% | 12.13% | 12.05% | 5.08% | 6.60% | 7.94% | 2.87% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.53% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% |
Drawdowns
FSNZX vs. VGT - Drawdown Comparison
The maximum FSNZX drawdown since its inception was -30.92%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FSNZX and VGT.
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Volatility
FSNZX vs. VGT - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund Class K (FSNZX) is 3.47%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.70%. This indicates that FSNZX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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