LEKIX vs. FBIFX
Compare and contrast key facts about BlackRock LifePath ESG Index 2040 Fund (LEKIX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX).
LEKIX is managed by Blackrock. It was launched on Aug 17, 2020. 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: LEKIX or FBIFX.
Correlation
The correlation between LEKIX 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
LEKIX vs. FBIFX - Performance Comparison
Key characteristics
LEKIX:
1.23
FBIFX:
1.58
LEKIX:
1.74
FBIFX:
2.20
LEKIX:
1.23
FBIFX:
1.29
LEKIX:
1.73
FBIFX:
2.55
LEKIX:
5.30
FBIFX:
8.67
LEKIX:
2.30%
FBIFX:
1.85%
LEKIX:
9.95%
FBIFX:
10.17%
LEKIX:
-25.99%
FBIFX:
-38.83%
LEKIX:
-2.38%
FBIFX:
-0.27%
Returns By Period
In the year-to-date period, LEKIX achieves a 3.94% return, which is significantly lower than FBIFX's 4.71% return.
LEKIX
3.94%
1.46%
2.53%
12.46%
N/A
N/A
FBIFX
4.71%
2.10%
6.04%
16.38%
8.71%
6.89%
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LEKIX vs. FBIFX - Expense Ratio Comparison
LEKIX has a 0.06% 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
LEKIX vs. FBIFX — Risk-Adjusted Performance Rank
LEKIX
FBIFX
LEKIX vs. FBIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2040 Fund (LEKIX) 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.
Dividends
LEKIX vs. FBIFX - Dividend Comparison
LEKIX's dividend yield for the trailing twelve months is around 1.98%, which matches FBIFX's 2.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEKIX BlackRock LifePath ESG Index 2040 Fund | 1.98% | 2.06% | 2.23% | 2.06% | 1.89% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.00% | 2.09% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% |
Drawdowns
LEKIX vs. FBIFX - Drawdown Comparison
The maximum LEKIX drawdown since its inception was -25.99%, smaller than the maximum FBIFX drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for LEKIX and FBIFX. For additional features, visit the drawdowns tool.
Volatility
LEKIX vs. FBIFX - Volatility Comparison
The current volatility for BlackRock LifePath ESG Index 2040 Fund (LEKIX) is 2.22%, while Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a volatility of 2.43%. This indicates that LEKIX 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.