Fidelity Freedom Correlations

FATKX Fund

USD 15.35 0.05 0.33%

The current 90-days correlation between Fidelity Freedom 2020 and Global Technology Portfolio is 0.65 (i.e., Poor diversification). 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 2020 and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity Freedom 2020 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 2020. 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 inflation.

Moving together with Fidelity Mutual Fund

0.93	FRINX	Fidelity Real Estate	Pair Corr
0.98	FAGIX	Fidelity Capital Income	Pair Corr
0.96	FTHCX	Fidelity Advisor Tec	Pair Corr
0.88	FCLCX	Fidelity Advisor Ind	Pair Corr
0.88	FCLAX	Fidelity Advisor Ind	Pair Corr
0.7	FCMAX	Fidelity California	Pair Corr
0.97	FCLKX	Fidelity Large Cap	Pair Corr
0.94	FUEMX	Fidelity Flex Servative	Pair Corr
0.92	FCPVX	Fidelity Small Cap	Pair Corr
0.69	FGDAX	Gold Portfolio Fidelity Steady Growth	Pair Corr
0.68	FGDIX	Fidelity Advisor Gold Steady Growth	Pair Corr
0.96	FGWMX	Fidelity New Markets	Pair Corr
0.96	FGVMX	Fidelity New Markets	Pair Corr
0.67	FHCCX	Fidelity Advisor Health	Pair Corr
0.86	FHNFX	Fidelity Series Gove	Pair Corr
0.77	FZABX	Fidelity Advisor Div	Pair Corr
0.98	FHRVX	Fidelity Managed Ret	Pair Corr
0.95	FIKMX	Fidelity Real Estate	Pair Corr
0.96	FIKHX	Fidelity Advisor Tec	Pair Corr
0.86	FIKBX	Fidelity Advisor Fin	Pair Corr
0.94	FIOOX	Fidelity Series 1000	Pair Corr
0.93	FLEOX	Fidelity Advisor Lev	Pair Corr
0.93	FLENX	Fidelity Advisor Lev	Pair Corr
0.93	FLEMX	Fidelity Advisor Lev	Pair Corr
0.68	FMFTX	Materials Portfolio	Pair Corr
0.96	FNITX	Fidelity Advisor New	Pair Corr
0.98	FPIOX	Strategic Advisers Income	Pair Corr
1.0	VTWNX	Vanguard Target Reti	Pair Corr
0.98	FSNOX	Fidelity Freedom 2020	Pair Corr
0.99	PARBX	Trowe Price Retirement	Pair Corr
0.99	RRTBX	Trowe Price Retirement	Pair Corr
1.0	FFFDX	Fidelity Freedom 2020	Pair Corr
0.97	AACTX	American Funds 2020	Pair Corr
0.97	CCCTX	American Funds 2020	Pair Corr
0.99	FAOTX	American Funds 2020	Pair Corr

Moving against Fidelity Mutual Fund

0.96	USPIX	Profunds Ultrashort	Pair Corr
0.95	USPSX	Profunds Ultrashort	Pair Corr
0.9	UIPIX	Ultrashort Mid Cap	Pair Corr
0.82	TCTGX	Transamerica Cleartrack	Pair Corr
0.81	TDKTX	Cleartrack 2015 Class	Pair Corr
0.81	TCTJX	Transamerica Cleartrack	Pair Corr
0.81	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	JGLTX	CMTFX	GISTX	USTCX	ITYYX	PTTEX	BIPIX
JGLTX		0.97	0.99	0.95	0.99	0.97	0.72	JGLTX
CMTFX	0.97		0.96	0.99	0.95	1.0	0.77	CMTFX
GISTX	0.99	0.96		0.94	0.99	0.95	0.73	GISTX
USTCX	0.95	0.99	0.94		0.94	0.98	0.78	USTCX
ITYYX	0.99	0.95	0.99	0.94		0.95	0.71	ITYYX
PTTEX	0.97	1.0	0.95	0.98	0.95		0.77	PTTEX
BIPIX	0.72	0.77	0.73	0.78	0.71	0.77		BIPIX
	JGLTX	CMTFX	GISTX	USTCX	ITYYX	PTTEX	BIPIX

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
JGLTX	0.63	0.11	0.09	0.26	0.62	(0.67)	1.40	(1.18)	4.12
CMTFX	0.74	0.20	0.09	(0.75)	0.74	(0.82)	1.59	(1.80)	4.36
GISTX	0.70	0.07	0.04	0.18	0.81	(0.76)	1.63	(1.66)	4.84
USTCX	0.80	0.21	0.08	(0.53)	0.74	(0.88)	2.02	(1.52)	5.59
ITYYX	0.80	0.11	0.08	0.24	0.95	(0.91)	1.79	(1.94)	5.41
PTTEX	0.78	0.19	0.07	(1.08)	0.84	(0.81)	1.52	(1.54)	5.75
BIPIX	1.54	0.22	0.15	0.25	1.41	(1.76)	3.94	(3.00)	9.56

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC