Correlation
The correlation between FTAFX and FBNDX is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FTAFX vs. FBNDX
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class M (FTAFX) and Fidelity Investment Grade Bond Fund (FBNDX).
FTAFX is managed by Fidelity. It was launched on Jul 24, 2003. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTAFX or FBNDX.
Performance
FTAFX vs. FBNDX - Performance Comparison
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Key characteristics
FTAFX:
1.37
FBNDX:
1.07
FTAFX:
1.83
FBNDX:
1.43
FTAFX:
1.24
FBNDX:
1.17
FTAFX:
1.13
FBNDX:
0.55
FTAFX:
4.90
FBNDX:
2.50
FTAFX:
1.32%
FBNDX:
2.16%
FTAFX:
5.04%
FBNDX:
5.63%
FTAFX:
-19.54%
FBNDX:
-18.19%
FTAFX:
0.00%
FBNDX:
-5.23%
Returns By Period
In the year-to-date period, FTAFX achieves a 3.78% return, which is significantly higher than FBNDX's 2.42% return. Over the past 10 years, FTAFX has outperformed FBNDX with an annualized return of 3.00%, while FBNDX has yielded a comparatively lower 2.06% annualized return.
FTAFX
3.78%
0.89%
1.98%
6.88%
3.30%
2.63%
3.00%
FBNDX
2.42%
-0.97%
0.87%
6.06%
1.78%
-0.26%
2.06%
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FTAFX vs. FBNDX - Expense Ratio Comparison
FTAFX has a 0.97% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
FTAFX vs. FBNDX — Risk-Adjusted Performance Rank
FTAFX
FBNDX
FTAFX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class M (FTAFX) and Fidelity Investment Grade Bond Fund (FBNDX). 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
FTAFX vs. FBNDX - Dividend Comparison
FTAFX's dividend yield for the trailing twelve months is around 2.56%, less than FBNDX's 3.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTAFX Fidelity Advisor Freedom Income Fund Class M | 2.56% | 2.65% | 2.42% | 5.49% | 4.88% | 3.36% | 3.28% | 5.24% | 3.52% | 2.55% | 3.16% | 4.62% |
FBNDX Fidelity Investment Grade Bond Fund | 3.92% | 3.99% | 3.56% | 2.67% | 1.58% | 4.83% | 2.77% | 2.85% | 2.36% | 2.31% | 2.90% | 2.59% |
Drawdowns
FTAFX vs. FBNDX - Drawdown Comparison
The maximum FTAFX drawdown since its inception was -19.54%, which is greater than FBNDX's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for FTAFX and FBNDX.
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Volatility
FTAFX vs. FBNDX - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Income Fund Class M (FTAFX) is 1.13%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.51%. This indicates that FTAFX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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