FVTKX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity 500 Index Fund (FXAIX).
FVTKX is managed by Fidelity. It was launched on Aug 5, 2014. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVTKX or FXAIX.
Key characteristics
| FVTKX | FXAIX | |
|---|---|---|
| YTD Return | 17.80% | 27.16% |
| 1Y Return | 30.44% | 39.89% |
| 3Y Return (Ann) | 0.34% | 10.29% |
| 5Y Return (Ann) | 6.49% | 16.01% |
| Sharpe Ratio | 2.58 | 3.13 |
| Sortino Ratio | 3.60 | 4.16 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 1.31 | 4.59 |
| Martin Ratio | 16.78 | 20.80 |
| Ulcer Index | 1.77% | 1.86% |
| Daily Std Dev | 11.49% | 12.39% |
| Max Drawdown | -34.32% | -33.79% |
| Current Drawdown | -0.33% | 0.00% |
Correlation
The correlation between FVTKX and FXAIX is 0.92, 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
FVTKX vs. FXAIX - Performance Comparison
In the year-to-date period, FVTKX achieves a 17.80% return, which is significantly lower than FXAIX's 27.16% 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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FVTKX vs. FXAIX - Expense Ratio Comparison
FVTKX has a 0.50% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FVTKX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K6 (FVTKX) 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
FVTKX vs. FXAIX - Dividend Comparison
FVTKX's dividend yield for the trailing twelve months is around 1.29%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVTKX Fidelity Freedom 2060 Fund Class K6 | 1.29% | 1.53% | 2.30% | 2.45% | 1.21% | 1.70% | 1.88% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FVTKX vs. FXAIX - Drawdown Comparison
The maximum FVTKX drawdown since its inception was -34.32%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FVTKX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FVTKX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom 2060 Fund Class K6 (FVTKX) is 3.18%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.91%. This indicates that FVTKX 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.