Fidelity Freedom 2040 Fund Class K (FSNVX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FSNVX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FSNVX
FSNVX charges 0.65% annually. There are 493 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2050 Fund | 0.01% | — | Feb 2001 | FSNVX vs PPLIX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | FSNVX vs JIEHX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | FSNVX vs LTFIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | FSNVX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | FSNVX vs LTIUX |
Best Risk-Adjusted Alternatives to FSNVX
FSNVX has a PortfoliosLab risk / return rank of 71. There are 88 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 87 | — | Dec 2019 | FSNVX vs PADLX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 86 | — | Aug 2007 | FSNVX vs FRAMX | |
| State Street Target Retirement Fund | 85 | — | Sep 2014 | FSNVX vs SSFNX | |
| Prudential Day One Income Fund | 84 | — | Dec 2016 | FSNVX vs PDAHX | |
| Dimensional Retirement Income Fund | 83 | — | Nov 2015 | FSNVX vs TDIFX |
Top Performing FSNVX Alternatives (YTD)
FSNVX is at 11.51% YTD. There are 125 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 1,644,791.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | FSNVX vs FRAMX | |
| Fidelity Flex Freedom Blend 2060 Fund | 13.36% | — | Jun 2017 | FSNVX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 13.32% | — | Jun 2019 | FSNVX vs FDFPX | |
| Fidelity Freedom 2060 Fund Class K6 | 13.32% | — | Aug 2014 | FSNVX vs FVTKX | |
| Fidelity Freedom 2065 Fund Class K6 | 13.30% | — | Jun 2019 | FSNVX vs FFSZX |
Lowest Volatility Alternatives to FSNVX
FSNVX has 12.48% 1-year volatility. There are 450 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.51% | — | Nov 2015 | FSNVX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | FSNVX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | FSNVX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | FSNVX vs FRQAX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.38% | — | Oct 2009 | FSNVX vs FIKFX |
Lowest Drawdown Alternatives to FSNVX
FSNVX has a 1-year max drawdown of -8.71%. There are 419 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | FSNVX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | FSNVX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | FSNVX vs FFGZX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | -3.43% | — | Aug 2007 | FSNVX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | -3.44% | — | Aug 2007 | FSNVX vs FRIMX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 66 | 10.88% | — | Feb 1988 | FSNVX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 91 | 64.98% | — | Jul 1985 | FSNVX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 66 | 11.42% | — | — | FSNVX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 64 | 11.41% | — | — | FSNVX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 18 | 4.46% | — | — | FSNVX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 58 | 15.62% | — | Dec 1987 | FSNVX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 36 | 9.99% | 176.32B | May 1967 | FSNVX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 62 | 10.70% | — | — | FSNVX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 40 | 10.13% | — | Nov 1997 | FSNVX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 57 | 12.70% | — | Jun 2016 | FSNVX vs FTIHX |
Often Compared With FSNVX
Investors most often compare FSNVX with FHTKX, VOO, FCNKX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FSNVX with Any Fund or Stock
Compare FSNVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FSNVX with funds that move differently
Fidelity Freedom 2040 Fund Class K alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSNVX.
Explore FSNVX Diversifiers