FAFFX vs. ABALX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and American Funds American Balanced Fund Class A (ABALX).
FAFFX is managed by Fidelity. It was launched on Jul 24, 2003. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Performance
FAFFX vs. ABALX - Performance Comparison
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FAFFX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | -3.44% | 21.14% | 12.60% | 18.39% | -18.31% | 15.78% | 17.18% | 26.41% | -8.48% | 21.35% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, FAFFX achieves a -3.44% return, which is significantly lower than ABALX's -2.86% return. Over the past 10 years, FAFFX has outperformed ABALX with an annualized return of 10.15%, while ABALX has yielded a comparatively lower 8.98% annualized return.
FAFFX
- 1D
- -0.17%
- 1M
- -8.40%
- YTD
- -3.44%
- 6M
- -0.64%
- 1Y
- 16.21%
- 3Y*
- 13.64%
- 5Y*
- 6.99%
- 10Y*
- 10.15%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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FAFFX vs. ABALX - Expense Ratio Comparison
FAFFX has a 1.00% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Return for Risk
FAFFX vs. ABALX — Risk / Return Rank
FAFFX
ABALX
FAFFX vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and American Funds American Balanced Fund Class A (ABALX). 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.
| FAFFX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.43 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.09 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.00 | -0.59 |
Martin ratioReturn relative to average drawdown | 6.31 | 8.51 | -2.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAFFX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.43 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.77 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.85 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.79 | -0.37 |
Correlation
The correlation between FAFFX and ABALX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FAFFX vs. ABALX - Dividend Comparison
FAFFX's dividend yield for the trailing twelve months is around 7.34%, less than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | 7.34% | 7.09% | 2.61% | 1.16% | 10.83% | 9.81% | 5.79% | 6.93% | 11.85% | 5.16% | 4.77% | 4.04% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
FAFFX vs. ABALX - Drawdown Comparison
The maximum FAFFX drawdown since its inception was -56.14%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for FAFFX and ABALX.
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Drawdown Indicators
| FAFFX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.14% | -40.20% | -15.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -7.33% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -18.76% | -8.65% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | -22.34% | -8.94% |
Current DrawdownCurrent decline from peak | -8.87% | -7.03% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -3.86% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.73% | +0.58% |
Volatility
FAFFX vs. ABALX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) has a higher volatility of 5.05% compared to American Funds American Balanced Fund Class A (ABALX) at 3.26%. This indicates that FAFFX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFFX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 3.26% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 6.74% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 11.11% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 10.42% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 10.61% | +4.52% |