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.
Key characteristics
| FSNZX | VGT | |
|---|---|---|
| YTD Return | 9.93% | 10.29% |
| 1Y Return | 21.84% | 33.51% |
| 3Y Return (Ann) | 4.74% | 14.97% |
| 5Y Return (Ann) | 11.01% | 22.29% |
| Sharpe Ratio | 2.07 | 1.97 |
| Daily Std Dev | 10.76% | 18.37% |
| Max Drawdown | -30.92% | -54.63% |
| Current Drawdown | -0.15% | -0.67% |
Correlation
The correlation between FSNZX and VGT is 0.83, 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. VGT - Performance Comparison
The year-to-date returns for both investments are quite close, with FSNZX having a 9.93% return and VGT slightly higher at 10.29%. 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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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 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.
Dividends
FSNZX vs. VGT - Dividend Comparison
FSNZX's dividend yield for the trailing twelve months is around 1.54%, more than VGT's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNZX Fidelity Freedom 2045 Fund Class K | 1.54% | 1.99% | 12.13% | 12.05% | 5.08% | 6.60% | 7.94% | 2.87% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.68% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
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. For additional features, visit the drawdowns tool.
Volatility
FSNZX vs. VGT - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund Class K (FSNZX) is 3.24%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.16%. 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.