FUIPX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund (FUIPX) and Fidelity 500 Index Fund (FXAIX).
FUIPX is managed by Fidelity. It was launched on Jun 24, 2020. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUIPX or FXAIX.
Correlation
The correlation between FUIPX and FXAIX 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. FXAIX - Performance Comparison
Key characteristics
FUIPX:
1.76
FXAIX:
1.97
FUIPX:
2.42
FXAIX:
2.64
FUIPX:
1.32
FXAIX:
1.36
FUIPX:
2.76
FXAIX:
2.98
FUIPX:
9.87
FXAIX:
12.34
FUIPX:
1.94%
FXAIX:
2.04%
FUIPX:
10.89%
FXAIX:
12.79%
FUIPX:
-26.35%
FXAIX:
-33.79%
FUIPX:
0.00%
FXAIX:
0.00%
Returns By Period
In the year-to-date period, FUIPX achieves a 5.08% return, which is significantly higher than FXAIX's 4.11% return.
FUIPX
5.08%
4.22%
7.18%
16.99%
N/A
N/A
FXAIX
4.11%
2.86%
10.80%
23.21%
14.39%
13.13%
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FUIPX vs. FXAIX - Expense Ratio Comparison
FUIPX has a 0.06% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, 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. FXAIX — Risk-Adjusted Performance Rank
FUIPX
FXAIX
FUIPX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund (FUIPX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FUIPX's dividend yield for the trailing twelve months is around 1.91%, more than FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUIPX Fidelity Freedom Index 2060 Fund | 1.91% | 2.01% | 1.96% | 1.98% | 1.60% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
FUIPX vs. FXAIX - Drawdown Comparison
The maximum FUIPX drawdown since its inception was -26.35%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FUIPX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FUIPX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund (FUIPX) is 2.83%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.21%. This indicates that FUIPX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.