FAFFX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Fidelity Total Market Index Fund (FSKAX).
FAFFX is managed by Fidelity. It was launched on Jul 24, 2003. FSKAX is managed by Fidelity.
Performance
FAFFX vs. FSKAX - Performance Comparison
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FAFFX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | -0.81% | 21.14% | 12.60% | 18.39% | -18.31% | 15.78% | 17.18% | 26.41% | -8.48% | 21.35% |
FSKAX Fidelity Total Market Index Fund | -3.98% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FAFFX achieves a -0.81% return, which is significantly higher than FSKAX's -3.98% return. Over the past 10 years, FAFFX has underperformed FSKAX with an annualized return of 10.45%, while FSKAX has yielded a comparatively higher 13.56% annualized return.
FAFFX
- 1D
- 2.72%
- 1M
- -5.38%
- YTD
- -0.81%
- 6M
- 1.85%
- 1Y
- 18.74%
- 3Y*
- 14.66%
- 5Y*
- 7.29%
- 10Y*
- 10.45%
FSKAX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -2.04%
- 1Y
- 17.68%
- 3Y*
- 17.87%
- 5Y*
- 10.50%
- 10Y*
- 13.56%
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FAFFX vs. FSKAX - Expense Ratio Comparison
FAFFX has a 1.00% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FAFFX vs. FSKAX — Risk / Return Rank
FAFFX
FSKAX
FAFFX vs. FSKAX - 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 Total Market Index Fund (FSKAX). 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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.98 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.49 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.50 | +0.37 |
Martin ratioReturn relative to average drawdown | 8.22 | 7.20 | +1.01 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.98 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.61 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.74 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.79 | -0.36 |
Correlation
The correlation between FAFFX and FSKAX is 0.95, 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. FSKAX - Dividend Comparison
FAFFX's dividend yield for the trailing twelve months is around 7.15%, more than FSKAX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | 7.15% | 7.09% | 2.61% | 1.16% | 10.83% | 9.81% | 5.79% | 6.93% | 11.85% | 5.16% | 4.77% | 4.04% |
FSKAX Fidelity Total Market Index Fund | 1.06% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FAFFX vs. FSKAX - Drawdown Comparison
The maximum FAFFX drawdown since its inception was -56.14%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FAFFX and FSKAX.
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Drawdown Indicators
| FAFFX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.14% | -35.01% | -21.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -12.42% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -25.39% | -2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | -35.01% | +3.73% |
Current DrawdownCurrent decline from peak | -6.38% | -6.20% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -4.05% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.60% | -0.26% |
Volatility
FAFFX vs. FSKAX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) has a higher volatility of 5.92% compared to Fidelity Total Market Index Fund (FSKAX) at 5.52%. This indicates that FAFFX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFFX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 5.52% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 9.85% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.54% | 18.69% | -4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 17.42% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 18.44% | -3.28% |