Correlation
The correlation between FWLSX and VTTSX is 0.93, 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.
FWLSX vs. VTTSX
Compare and contrast key facts about Fidelity Flex Freedom Blend 2060 Fund (FWLSX) and Vanguard Target Retirement 2060 Fund (VTTSX).
FWLSX is managed by Fidelity. It was launched on Jun 8, 2017. VTTSX is managed by Vanguard. It was launched on Jan 19, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWLSX or VTTSX.
Performance
FWLSX vs. VTTSX - Performance Comparison
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Key characteristics
FWLSX:
0.59
VTTSX:
0.85
FWLSX:
0.82
VTTSX:
1.17
FWLSX:
1.11
VTTSX:
1.17
FWLSX:
0.55
VTTSX:
0.81
FWLSX:
2.26
VTTSX:
3.60
FWLSX:
3.73%
VTTSX:
3.28%
FWLSX:
16.73%
VTTSX:
15.42%
FWLSX:
-31.32%
VTTSX:
-31.38%
FWLSX:
-0.72%
VTTSX:
-0.31%
Returns By Period
The year-to-date returns for both investments are quite close, with FWLSX having a 5.24% return and VTTSX slightly higher at 5.40%.
FWLSX
5.24%
4.33%
0.45%
9.14%
9.86%
9.32%
N/A
VTTSX
5.40%
4.85%
2.48%
12.33%
10.97%
11.04%
8.34%
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FWLSX vs. VTTSX - Expense Ratio Comparison
FWLSX has a 0.00% expense ratio, which is lower than VTTSX'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
FWLSX vs. VTTSX — Risk-Adjusted Performance Rank
FWLSX
VTTSX
FWLSX vs. VTTSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend 2060 Fund (FWLSX) and Vanguard Target Retirement 2060 Fund (VTTSX). 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
FWLSX vs. VTTSX - Dividend Comparison
FWLSX's dividend yield for the trailing twelve months is around 3.92%, more than VTTSX's 2.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWLSX Fidelity Flex Freedom Blend 2060 Fund | 3.92% | 3.78% | 2.36% | 5.59% | 9.01% | 5.80% | 7.02% | 8.26% | 3.09% | 0.00% | 0.00% | 0.00% |
VTTSX Vanguard Target Retirement 2060 Fund | 2.09% | 2.20% | 2.14% | 2.09% | 5.67% | 1.83% | 2.11% | 2.31% | 1.77% | 1.98% | 1.92% | 1.67% |
Drawdowns
FWLSX vs. VTTSX - Drawdown Comparison
The maximum FWLSX drawdown since its inception was -31.32%, roughly equal to the maximum VTTSX drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for FWLSX and VTTSX.
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Volatility
FWLSX vs. VTTSX - Volatility Comparison
Fidelity Flex Freedom Blend 2060 Fund (FWLSX) has a higher volatility of 3.55% compared to Vanguard Target Retirement 2060 Fund (VTTSX) at 3.36%. This indicates that FWLSX's price experiences larger fluctuations and is considered to be riskier than VTTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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