FYTKX vs. FNSHX
Compare and contrast key facts about Fidelity Freedom Income Fund Class K6 (FYTKX) and Fidelity Freedom Income Fund Class K (FNSHX).
FYTKX is managed by Fidelity. It was launched on Oct 17, 1996. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FYTKX or FNSHX.
Key characteristics
| FYTKX | FNSHX | |
|---|---|---|
| YTD Return | 4.67% | 4.51% |
| 1Y Return | 9.45% | 9.25% |
| 3Y Return (Ann) | -1.30% | -1.43% |
| 5Y Return (Ann) | 0.75% | 0.64% |
| Sharpe Ratio | 2.00 | 1.94 |
| Sortino Ratio | 3.00 | 2.91 |
| Omega Ratio | 1.37 | 1.36 |
| Calmar Ratio | 0.76 | 0.73 |
| Martin Ratio | 10.76 | 10.46 |
| Ulcer Index | 0.88% | 0.88% |
| Daily Std Dev | 4.74% | 4.77% |
| Max Drawdown | -19.23% | -19.27% |
| Current Drawdown | -4.32% | -4.69% |
Correlation
The correlation between FYTKX and FNSHX is 0.97, 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
FYTKX vs. FNSHX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FYTKX having a 4.67% return and FNSHX slightly lower at 4.51%. 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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FYTKX vs. FNSHX - Expense Ratio Comparison
FYTKX has a 0.37% expense ratio, which is lower than FNSHX's 0.42% expense ratio.
Risk-Adjusted Performance
FYTKX vs. FNSHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K6 (FYTKX) and Fidelity Freedom Income Fund Class K (FNSHX). 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
FYTKX vs. FNSHX - Dividend Comparison
FYTKX's dividend yield for the trailing twelve months is around 3.51%, more than FNSHX's 3.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FYTKX Fidelity Freedom Income Fund Class K6 | 3.51% | 3.13% | 3.57% | 2.55% | 1.29% | 2.11% | 2.22% | 1.24% |
FNSHX Fidelity Freedom Income Fund Class K | 3.33% | 2.98% | 3.49% | 2.47% | 1.24% | 2.05% | 2.11% | 1.16% |
Drawdowns
FYTKX vs. FNSHX - Drawdown Comparison
The maximum FYTKX drawdown since its inception was -19.23%, roughly equal to the maximum FNSHX drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for FYTKX and FNSHX. For additional features, visit the drawdowns tool.
Volatility
FYTKX vs. FNSHX - Volatility Comparison
Fidelity Freedom Income Fund Class K6 (FYTKX) and Fidelity Freedom Income Fund Class K (FNSHX) have volatilities of 1.33% and 1.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.