FAFFX vs. FNILX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FAFFX is managed by Fidelity. It was launched on Jul 24, 2003. FNILX is managed by Fidelity.
Performance
FAFFX vs. FNILX - Performance Comparison
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FAFFX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | -3.44% | 21.14% | 12.60% | 18.39% | -18.31% | 15.78% | 17.18% | 26.41% | -12.43% |
FNILX Fidelity ZERO Large Cap Index Fund | -7.30% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Returns By Period
In the year-to-date period, FAFFX achieves a -3.44% return, which is significantly higher than FNILX's -7.30% 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%
FNILX
- 1D
- -0.35%
- 1M
- -7.60%
- YTD
- -7.30%
- 6M
- -5.00%
- 1Y
- 14.41%
- 3Y*
- 17.43%
- 5Y*
- 11.17%
- 10Y*
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FAFFX vs. FNILX - Expense Ratio Comparison
FAFFX has a 1.00% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FAFFX vs. FNILX — Risk / Return Rank
FAFFX
FNILX
FAFFX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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 | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 0.83 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.28 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.04 | +0.37 |
Martin ratioReturn relative to average drawdown | 6.31 | 5.01 | +1.30 |
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 | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.83 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.65 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.64 | -0.22 |
Correlation
The correlation between FAFFX and FNILX 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. FNILX - Dividend Comparison
FAFFX's dividend yield for the trailing twelve months is around 7.34%, more than FNILX's 1.09% 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% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.09% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAFFX vs. FNILX - Drawdown Comparison
The maximum FAFFX drawdown since its inception was -56.14%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FAFFX and FNILX.
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Drawdown Indicators
| FAFFX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.14% | -33.76% | -22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -12.18% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -25.40% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -9.01% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -5.47% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.54% | -0.23% |
Volatility
FAFFX vs. FNILX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) has a higher volatility of 5.05% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.23%. This indicates that FAFFX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFFX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 4.23% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 9.14% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 18.26% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 17.22% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 20.17% | -5.04% |