ITDD vs. FBIFX
Compare and contrast key facts about Ishares Lifepath Target Date 2040 ETF (ITDD) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX).
ITDD is an actively managed fund by iShares. It was launched on Oct 17, 2023. FBIFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITDD or FBIFX.
Key characteristics
| ITDD | FBIFX | |
|---|---|---|
| YTD Return | 14.25% | 14.56% |
| Daily Std Dev | 10.31% | 10.79% |
| Max Drawdown | -5.51% | -30.73% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ITDD and FBIFX is 0.98, 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
ITDD vs. FBIFX - Performance Comparison
The year-to-date returns for both investments are quite close, with ITDD having a 14.25% return and FBIFX slightly higher at 14.56%. 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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ITDD vs. FBIFX - Expense Ratio Comparison
ITDD has a 0.11% expense ratio, which is lower than FBIFX's 0.12% 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
ITDD vs. FBIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX). 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.
Not enough dataDividends
ITDD vs. FBIFX - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 0.78%, less than FBIFX's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 0.78% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 1.82% | 1.97% | 2.08% | 1.96% | 2.00% | 18.26% | 2.26% | 1.82% | 1.98% | 2.02% | 3.28% | 0.13% |
Drawdowns
ITDD vs. FBIFX - Drawdown Comparison
The maximum ITDD drawdown since its inception was -5.51%, smaller than the maximum FBIFX drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for ITDD and FBIFX. For additional features, visit the drawdowns tool.
Volatility
ITDD vs. FBIFX - Volatility Comparison
The current volatility for Ishares Lifepath Target Date 2040 ETF (ITDD) is 3.19%, while Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a volatility of 3.55%. This indicates that ITDD experiences smaller price fluctuations and is considered to be less risky than FBIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.