Correlation
The correlation between FUIPX and FPADX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FUIPX vs. FPADX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund (FUIPX) and Fidelity Emerging Markets Index Fund (FPADX).
FUIPX is managed by Fidelity. It was launched on Jun 24, 2020. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUIPX or FPADX.
Performance
FUIPX vs. FPADX - Performance Comparison
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Key characteristics
FUIPX:
0.83
FPADX:
0.64
FUIPX:
1.14
FPADX:
0.82
FUIPX:
1.16
FPADX:
1.10
FUIPX:
0.80
FPADX:
0.34
FUIPX:
3.52
FPADX:
1.51
FUIPX:
3.33%
FPADX:
5.64%
FUIPX:
15.77%
FPADX:
17.20%
FUIPX:
-26.35%
FPADX:
-39.16%
FUIPX:
-0.31%
FPADX:
-12.06%
Returns By Period
In the year-to-date period, FUIPX achieves a 5.54% return, which is significantly lower than FPADX's 8.70% return.
FUIPX
5.54%
4.73%
2.50%
13.02%
10.73%
N/A
N/A
FPADX
8.70%
3.93%
7.73%
11.86%
4.85%
6.57%
3.58%
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FUIPX vs. FPADX - Expense Ratio Comparison
FUIPX has a 0.06% expense ratio, which is lower than FPADX's 0.08% 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. FPADX — Risk-Adjusted Performance Rank
FUIPX
FPADX
FUIPX vs. FPADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund (FUIPX) and Fidelity Emerging Markets Index Fund (FPADX). 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
FUIPX vs. FPADX - Dividend Comparison
FUIPX's dividend yield for the trailing twelve months is around 1.95%, less than FPADX's 2.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUIPX Fidelity Freedom Index 2060 Fund | 1.95% | 2.01% | 1.96% | 2.05% | 1.97% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPADX Fidelity Emerging Markets Index Fund | 2.48% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.88% | 1.69% | 2.47% | 2.03% |
Drawdowns
FUIPX vs. FPADX - Drawdown Comparison
The maximum FUIPX drawdown since its inception was -26.35%, smaller than the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FUIPX and FPADX.
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Volatility
FUIPX vs. FPADX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund (FUIPX) is 3.39%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 3.74%. This indicates that FUIPX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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