FUIPX vs. AOA
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund (FUIPX) and iShares Core Aggressive Allocation ETF (AOA).
FUIPX is managed by Fidelity. It was launched on Jun 24, 2020. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUIPX or AOA.
Correlation
The correlation between FUIPX and AOA is 0.95, 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
FUIPX vs. AOA - Performance Comparison
Key characteristics
FUIPX:
0.72
AOA:
0.77
FUIPX:
1.10
AOA:
1.15
FUIPX:
1.16
AOA:
1.16
FUIPX:
0.77
AOA:
0.83
FUIPX:
3.46
AOA:
3.78
FUIPX:
3.27%
AOA:
2.84%
FUIPX:
15.68%
AOA:
14.02%
FUIPX:
-26.35%
AOA:
-28.38%
FUIPX:
-4.66%
AOA:
-3.88%
Returns By Period
In the year-to-date period, FUIPX achieves a 0.50% return, which is significantly higher than AOA's 0.39% return.
FUIPX
0.50%
0.66%
-0.63%
9.90%
N/A
N/A
AOA
0.39%
0.81%
-0.46%
9.40%
10.62%
7.29%
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FUIPX vs. AOA - Expense Ratio Comparison
FUIPX has a 0.06% expense ratio, which is lower than AOA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FUIPX vs. AOA — Risk-Adjusted Performance Rank
FUIPX
AOA
FUIPX vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund (FUIPX) and iShares Core Aggressive Allocation ETF (AOA). 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
FUIPX vs. AOA - Dividend Comparison
FUIPX's dividend yield for the trailing twelve months is around 2.00%, less than AOA's 2.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUIPX Fidelity Freedom Index 2060 Fund | 2.00% | 2.01% | 1.96% | 1.98% | 1.60% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.31% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% |
Drawdowns
FUIPX vs. AOA - Drawdown Comparison
The maximum FUIPX drawdown since its inception was -26.35%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for FUIPX and AOA. For additional features, visit the drawdowns tool.
Volatility
FUIPX vs. AOA - Volatility Comparison
Fidelity Freedom Index 2060 Fund (FUIPX) has a higher volatility of 11.09% compared to iShares Core Aggressive Allocation ETF (AOA) at 9.83%. This indicates that FUIPX's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.