FSNZX vs. VTIVX
Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K (FSNZX) and Vanguard Target Retirement 2045 Fund (VTIVX).
FSNZX is managed by Fidelity. It was launched on Jul 20, 2017. VTIVX is managed by Vanguard. It was launched on Oct 27, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNZX or VTIVX.
Key characteristics
| FSNZX | VTIVX | |
|---|---|---|
| YTD Return | 18.24% | 16.65% |
| 1Y Return | 30.16% | 27.65% |
| 3Y Return (Ann) | -0.35% | 4.53% |
| 5Y Return (Ann) | 5.60% | 10.11% |
| Sharpe Ratio | 2.63 | 2.74 |
| Sortino Ratio | 3.64 | 3.81 |
| Omega Ratio | 1.48 | 1.51 |
| Calmar Ratio | 1.24 | 2.49 |
| Martin Ratio | 17.04 | 18.27 |
| Ulcer Index | 1.77% | 1.51% |
| Daily Std Dev | 11.47% | 10.09% |
| Max Drawdown | -35.63% | -51.69% |
| Current Drawdown | -1.05% | 0.00% |
Correlation
The correlation between FSNZX and VTIVX is 0.97, 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. VTIVX - Performance Comparison
In the year-to-date period, FSNZX achieves a 18.24% return, which is significantly higher than VTIVX's 16.65% return. 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. VTIVX - Expense Ratio Comparison
FSNZX has a 0.65% expense ratio, which is higher than VTIVX's 0.08% expense ratio.
Risk-Adjusted Performance
FSNZX vs. VTIVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K (FSNZX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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. VTIVX - Dividend Comparison
FSNZX's dividend yield for the trailing twelve months is around 1.19%, less than VTIVX's 1.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNZX Fidelity Freedom 2045 Fund Class K | 1.19% | 1.41% | 2.17% | 2.32% | 1.10% | 1.55% | 1.76% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIVX Vanguard Target Retirement 2045 Fund | 1.95% | 2.28% | 2.13% | 2.22% | 1.60% | 2.23% | 2.39% | 1.90% | 1.99% | 2.17% | 2.05% | 1.88% |
Drawdowns
FSNZX vs. VTIVX - Drawdown Comparison
The maximum FSNZX drawdown since its inception was -35.63%, smaller than the maximum VTIVX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for FSNZX and VTIVX. For additional features, visit the drawdowns tool.
Volatility
FSNZX vs. VTIVX - Volatility Comparison
Fidelity Freedom 2045 Fund Class K (FSNZX) has a higher volatility of 3.15% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 2.75%. This indicates that FSNZX's price experiences larger fluctuations and is considered to be riskier than VTIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.