PortfoliosLab logo
Fidelity Freedom Index 2040 Fund Institutional Pre...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US3157935962

CUSIP

315793596

Issuer

Fidelity

Inception Date

Oct 2, 2009

Asset Class

Multi-Asset

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

FFIZX has an expense ratio of 0.08%, which is considered low.


Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Freedom Index 2040 Fund Institutional Premium Class, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


60.00%80.00%100.00%120.00%140.00%160.00%180.00%200.00%December2025FebruaryMarchAprilMay
87.65%
169.22%
FFIZX (Fidelity Freedom Index 2040 Fund Institutional Premium Class)
Benchmark (^GSPC)

Returns By Period

Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) returned 1.67% year-to-date (YTD) and 8.53% over the past 12 months.


FFIZX

YTD

1.67%

1M

4.95%

6M

-0.89%

1Y

8.53%

5Y*

11.06%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of FFIZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20252.88%0.24%-2.99%0.69%0.93%1.67%
2024-0.09%3.61%2.83%-3.55%3.98%1.56%2.20%2.20%2.07%-2.46%3.40%-2.85%13.24%
20237.23%-3.10%2.84%1.18%-1.22%5.09%3.01%-2.74%-4.18%-2.94%8.48%5.28%19.44%
2022-4.44%-2.65%1.23%-7.76%0.27%-7.57%6.51%-3.90%-9.13%5.25%8.21%-4.12%-18.24%
2021-0.29%2.17%2.17%3.87%1.09%1.36%0.52%2.16%-3.93%4.70%-2.18%3.12%15.43%
2020-0.82%-6.57%-12.71%9.95%3.99%2.84%4.78%5.17%-2.72%-2.10%11.36%4.10%15.72%
20197.53%2.66%1.43%3.23%-5.41%6.14%0.35%-1.45%1.73%2.30%2.44%-11.52%8.25%
20184.71%-3.79%-1.37%0.37%1.22%-0.16%2.73%1.64%0.05%-6.99%1.68%-6.81%-7.21%
20172.26%2.70%0.78%1.30%1.50%0.69%2.23%0.34%1.95%1.86%2.04%1.14%20.46%
2016-4.91%-0.57%6.69%1.13%0.78%0.13%3.59%0.38%0.50%-1.88%1.91%1.74%9.46%
2015-1.87%0.76%-5.72%-2.94%6.60%-0.19%-1.99%-5.65%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FFIZX is 69, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FFIZX is 6969
Overall Rank
The Sharpe Ratio Rank of FFIZX is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of FFIZX is 6565
Sortino Ratio Rank
The Omega Ratio Rank of FFIZX is 6767
Omega Ratio Rank
The Calmar Ratio Rank of FFIZX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of FFIZX is 7575
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Fidelity Freedom Index 2040 Fund Institutional Premium Class Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 0.60
  • 5-Year: 0.76
  • All Time: 0.41

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Fidelity Freedom Index 2040 Fund Institutional Premium Class compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.60
0.44
FFIZX (Fidelity Freedom Index 2040 Fund Institutional Premium Class)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Freedom Index 2040 Fund Institutional Premium Class provided a 2.09% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 2 consecutive years.


1.40%1.60%1.80%2.00%2.20%$0.00$0.10$0.20$0.30$0.40$0.502015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$0.52$0.52$0.45$0.38$0.38$0.30$0.34$0.39$0.34$0.32$0.30

Dividend yield

2.09%2.12%2.00%2.01%1.62%1.43%1.87%2.25%1.77%1.99%2.04%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Freedom Index 2040 Fund Institutional Premium Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.03$0.00$0.00$0.00$0.00$0.00$0.00$0.50$0.52
2023$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.44$0.45
2022$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.38$0.38
2021$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.38$0.38
2020$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.29$0.30
2019$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.33$0.34
2018$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.38$0.39
2017$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.33$0.34
2016$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.31$0.32
2015$0.30$0.30

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-3.17%
-7.88%
FFIZX (Fidelity Freedom Index 2040 Fund Institutional Premium Class)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Freedom Index 2040 Fund Institutional Premium Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Freedom Index 2040 Fund Institutional Premium Class was 38.82%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.

The current Fidelity Freedom Index 2040 Fund Institutional Premium Class drawdown is 3.17%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-38.82%Dec 30, 201958Mar 23, 2020201Jan 7, 2021259
-26.28%Nov 9, 2021235Oct 14, 2022344Feb 29, 2024579
-16.83%Jan 29, 2018229Dec 24, 201881Apr 23, 2019310
-15.22%Jul 17, 2015145Feb 11, 2016110Jul 20, 2016255
-13.46%Feb 19, 202535Apr 8, 2025

Volatility

Volatility Chart

The current Fidelity Freedom Index 2040 Fund Institutional Premium Class volatility is 4.64%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
4.64%
6.82%
FFIZX (Fidelity Freedom Index 2040 Fund Institutional Premium Class)
Benchmark (^GSPC)