SSHIX vs. FNSHX
Compare and contrast key facts about Allspring Short-Term Bond Plus Fund (SSHIX) and Fidelity Freedom Income Fund Class K (FNSHX).
SSHIX is managed by Allspring Global Investments. It was launched on Aug 31, 1999. 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: SSHIX or FNSHX.
Key characteristics
| SSHIX | FNSHX | |
|---|---|---|
| YTD Return | 4.71% | 4.51% |
| 1Y Return | 7.01% | 9.25% |
| 3Y Return (Ann) | 1.64% | -1.43% |
| 5Y Return (Ann) | 2.11% | 0.64% |
| Sharpe Ratio | 3.59 | 1.94 |
| Sortino Ratio | 5.81 | 2.91 |
| Omega Ratio | 1.85 | 1.36 |
| Calmar Ratio | 2.99 | 0.73 |
| Martin Ratio | 26.18 | 10.46 |
| Ulcer Index | 0.27% | 0.88% |
| Daily Std Dev | 1.99% | 4.77% |
| Max Drawdown | -7.78% | -19.27% |
| Current Drawdown | -0.52% | -4.69% |
Correlation
The correlation between SSHIX and FNSHX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SSHIX vs. FNSHX - Performance Comparison
The year-to-date returns for both stocks are quite close, with SSHIX having a 4.71% 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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SSHIX vs. FNSHX - Expense Ratio Comparison
SSHIX has a 0.47% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Risk-Adjusted Performance
SSHIX vs. FNSHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Short-Term Bond Plus Fund (SSHIX) 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
SSHIX vs. FNSHX - Dividend Comparison
SSHIX's dividend yield for the trailing twelve months is around 4.37%, more than FNSHX's 3.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHIX Allspring Short-Term Bond Plus Fund | 4.37% | 3.92% | 2.14% | 1.50% | 2.10% | 2.62% | 2.21% | 1.64% | 1.59% | 1.33% | 1.35% | 1.48% |
FNSHX Fidelity Freedom Income Fund Class K | 3.33% | 2.98% | 3.49% | 2.47% | 1.24% | 2.05% | 2.11% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSHIX vs. FNSHX - Drawdown Comparison
The maximum SSHIX drawdown since its inception was -7.78%, smaller than the maximum FNSHX drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for SSHIX and FNSHX. For additional features, visit the drawdowns tool.
Volatility
SSHIX vs. FNSHX - Volatility Comparison
The current volatility for Allspring Short-Term Bond Plus Fund (SSHIX) is 0.48%, while Fidelity Freedom Income Fund Class K (FNSHX) has a volatility of 1.35%. This indicates that SSHIX experiences smaller price fluctuations and is considered to be less risky than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.