Fidelity Freedom Correlations

FFTHX Fund

USD 16.13 0.11 0.69%

The current 90-days correlation between Fidelity Freedom 2035 and Fidelity Freedom 2025 is 0.99 (i.e., No risk reduction). The correlation of Fidelity Freedom is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Fidelity Freedom Correlation With Market

Poor diversification

The correlation between Fidelity Freedom 2035 and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2035 and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Freedom 2035. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Fidelity Mutual Fund

0.87	FPTKX	Fidelity Freedom 2015	Pair Corr
0.96	FQIFX	Fidelity Freedom Index	Pair Corr
0.98	FQIPX	Fidelity Freedom Index	Pair Corr
0.73	FQITX	Fidelity Salem Street	Pair Corr
0.97	FQLSX	Fidelity Flex Freedom	Pair Corr
0.86	FRBDX	Fidelity Freedom 2070	Pair Corr
0.95	FRBEX	Fidelity Freedom 2070	Pair Corr
0.86	FRBHX	Fidelity Freedom 2070	Pair Corr
0.96	FRBKX	Fidelity Advisor Freedom	Pair Corr
0.86	FRBLX	Fidelity Advisor Freedom	Pair Corr
0.87	FRBOX	Fidelity Advisor Freedom	Pair Corr
0.87	FRBPX	Fidelity Advisor Freedom	Pair Corr
0.85	FRBUX	Fidelity Freedom Index	Pair Corr
0.85	FRBYX	Fidelity Freedom Blend	Pair Corr
0.9	FRAGX	Aggressive Growth	Pair Corr
0.78	FRASX	Fidelity Income Repl	Pair Corr
0.86	FRCFX	Fidelity Freedom Blend	Pair Corr
0.94	FRCKX	Fidelity Freedom Blend	Pair Corr
0.85	FRCLX	Fidelity Freedom Blend	Pair Corr
0.83	FRCWX	Fidelity Sustainable	Pair Corr
0.82	FRDCX	Fidelity Sustainable	Pair Corr
0.95	FRGAX	Growth Allocation Index	Pair Corr
0.72	FRESX	Fidelity Real Estate	Pair Corr
0.69	FRIMX	Fidelity Income Repl	Pair Corr
0.61	FRHMX	Fidelity Managed Ret	Pair Corr
0.61	FRKMX	Fidelity Managed Ret	Pair Corr
0.98	FRLPX	Fidelity Freedom Index	Pair Corr
0.62	FRQHX	Fidelity Managed Ret	Pair Corr
0.7	FRQIX	Fidelity Income Repl	Pair Corr
0.69	FRQKX	Fidelity Managed Ret	Pair Corr

Related Correlations Analysis

	FFTWX	FFFVX	FFVFX	FFFFX	FFFEX
FFTWX		0.0	0.96	0.93	0.99	FFTWX
FFFVX	0.0		0.0	0.0	0.0	FFFVX
FFVFX	0.96	0.0		0.8	0.94	FFVFX
FFFFX	0.93	0.0	0.8		0.96	FFFFX
FFFEX	0.99	0.0	0.94	0.96		FFFEX
	FFTWX	FFFVX	FFVFX	FFFFX	FFFEX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FFFEX	+ 0.99	FFTWX
FFVFX	+ 0.96	FFTWX
FFFEX	+ 0.96	FFFFX
FFFEX	+ 0.94	FFVFX
FFFFX	+ 0.93	FFTWX
FFFFX	+ 0.8	FFVFX

High negative correlations

FFFEX	- 0.0	FFFVX
FFFFX	- 0.0	FFFVX
FFVFX	- 0.0	FFFVX
FFFVX	- 0.0	FFTWX

Risk-Adjusted Indicators

There is a big difference between Fidelity Mutual Fund performing well and Fidelity Freedom Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fidelity Freedom's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FFTWX	0.45	0.00	0.00	(0.03)	0.00	0.00	0.86	(1.08)	2.54
FFFVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFVFX	0.32	0.01	0.08	0.00	0.40	(0.36)	0.61	(0.68)	1.83
FFFFX	0.67	0.00	0.00	(0.03)	0.00	0.00	1.27	(1.37)	3.85
FFFEX	0.49	0.01	0.00	(0.03)	0.00	0.00	0.95	(1.04)	2.82

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