FASIX vs. FIKFX

Last updated Jun 24, 2026

FASIX (Fidelity Asset Manager 20% Fund) and FIKFX (Fidelity Freedom Index Income Fund Investor Class) are both mutual funds - FASIX is a Diversified Portfolio fund managed by BlackRock, while FIKFX is a Target Retirement Date fund managed by Fidelity. Over the past 10 years, FASIX returned 4.52%/yr vs 4.26%/yr for FIKFX. Their correlation of 0.93 suggests significant overlap in exposure. FASIX charges 0.51%/yr vs 0.12%/yr for FIKFX.

Performance

FASIX vs. FIKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 20% Fund (FASIX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASIX achieves a 4.48% return, which is significantly higher than FIKFX's 3.72% return. Over the past 10 years, FASIX has outperformed FIKFX with an annualized return of 4.52%, while FIKFX has yielded a comparatively lower 4.26% annualized return.

FASIX

• 1D: -0.13%
• 1M: 0.91%
• YTD: 4.48%
• 6M: 4.49%
• 1Y: 10.62%
• 3Y*: 7.91%
• 5Y*: 3.57%
• 10Y*: 4.52%

FIKFX

• 1D: -0.24%
• 1M: 0.58%
• YTD: 3.72%
• 6M: 3.70%
• 1Y: 9.08%
• 3Y*: 7.37%
• 5Y*: 3.07%
• 10Y*: 4.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FASIX vs. FIKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FASIX Fidelity Asset Manager 20% Fund	4.48%	9.58%	5.34%	8.00%	-10.20%	4.04%	8.62%	10.64%	-1.63%	6.60%
FIKFX Fidelity Freedom Index Income Fund Investor Class	3.72%	9.23%	4.96%	8.28%	-11.09%	2.79%	8.54%	10.59%	-0.76%	6.66%

Correlation

The correlation between FASIX and FIKFX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 5, 2009	0.93

The correlation between FASIX and FIKFX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

FASIX vs. FIKFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FASIX

FASIX Risk / Return Rank: 81
FASIX Sharpe Ratio Rank: 82
FASIX Sortino Ratio Rank: 83
FASIX Omega Ratio Rank: 82
FASIX Calmar Ratio Rank: 77
FASIX Martin Ratio Rank: 82

FIKFX

FIKFX Risk / Return Rank: 67
FIKFX Sharpe Ratio Rank: 66
FIKFX Sortino Ratio Rank: 71
FIKFX Omega Ratio Rank: 73
FIKFX Calmar Ratio Rank: 59
FIKFX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FASIX vs. FIKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 20% Fund (FASIX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FASIX	FIKFX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.18	+0.29
Sortino ratio: Return per unit of downside risk	3.61	3.18	+0.43
Omega ratio: Gain probability vs. loss probability	1.50	1.44	+0.06
Calmar ratio: Return relative to maximum drawdown	3.28	2.82	+0.46
Martin ratio: Return relative to average drawdown	14.18	12.27	+1.92

FASIX vs. FIKFX - Sharpe Ratio Comparison

The current FASIX Sharpe Ratio is 2.47, which is comparable to the FIKFX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FASIX and FIKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FASIX vs. FIKFX - Drawdown Comparison

The maximum FASIX drawdown since its inception was -19.61%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FASIX and FIKFX.

Drawdown Indicators

	FASIX	FIKFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-15.03%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-3.32%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-4.84%	-4.76%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-13.86%	-15.03%	+1.17%
Max Drawdown (10Y) Largest decline over 10 years	-13.86%	-15.03%	+1.17%
Current Drawdown Current decline from peak	-0.13%	-0.45%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.78%	-1.72%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	0.76%	+0.01%

Volatility

FASIX vs. FIKFX - Volatility Comparison

Fidelity Asset Manager 20% Fund (FASIX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX) have volatilities of 1.86% and 1.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASIX	FIKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	1.90%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.75%	3.69%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.45%	4.31%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	5.18%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	4.47%	+0.20%

FASIX vs. FIKFX - Expense Ratio Comparison

FASIX has a 0.51% expense ratio, which is higher than FIKFX's 0.12% expense ratio.

Dividends

FASIX vs. FIKFX - Dividend Comparison

FASIX's dividend yield for the trailing twelve months is around 3.03%, less than FIKFX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASIX Fidelity Asset Manager 20% Fund	3.03%	3.21%	3.34%	3.17%	4.55%	1.63%	2.16%	3.02%	4.11%	3.23%	1.85%	3.95%
FIKFX Fidelity Freedom Index Income Fund Investor Class	3.21%	3.40%	3.13%	2.85%	3.06%	2.04%	2.18%	7.27%	2.94%	1.89%	1.65%	1.39%

Frequently Asked Questions

Can I hold both FASIX and FIKFX in my portfolio?

With a correlation of 0.95, FASIX and FIKFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FASIX or FIKFX?

FIKFX has higher volatility (1.90%) compared to FASIX (1.86%). In terms of maximum drawdown, FASIX dropped -19.61% vs FIKFX's -15.03%.

Which has better risk-adjusted returns?

FASIX currently has the higher Sharpe Ratio (2.47 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.