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FASIX vs. FIKFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FASIX vs. FIKFX

Last updated Jun 4, 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 4.49%/yr vs 4.24%/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.

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Returns By Period

In the year-to-date period, FASIX achieves a 4.52% return, which is significantly higher than FIKFX's 4.19% return. Over the past 10 years, FASIX has outperformed FIKFX with an annualized return of 4.49%, while FIKFX has yielded a comparatively lower 4.24% annualized return.

FASIX

1D
0.20%
1M
1.57%
YTD
4.52%
6M
4.81%
1Y
11.66%
3Y*
8.01%
5Y*
3.71%
10Y*
4.49%

FIKFX

1D
0.08%
1M
1.67%
YTD
4.19%
6M
4.33%
1Y
10.42%
3Y*
7.66%
5Y*
3.25%
10Y*
4.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FASIX vs. FIKFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FASIX
Fidelity Asset Manager 20% Fund		4.52%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		4.19%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

0.95

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 6, 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.

FASIX vs. FIKFX - Sectors Allocation Comparison

Sectors
FASIX
FIKFX

Technology

26.6%
25.8%

Financial Services

16.2%
17.2%

Industrials

12.8%
11.7%

Consumer Cyclical

9.4%
9.4%

Healthcare

8.8%
9.1%

Communication Services

7.9%
8.0%

Consumer Defensive

4.9%
5.2%

Basic Materials

4.4%
4.1%

Energy

3.8%
4.7%

Real Estate

2.7%
2.1%

Utilities

2.5%
2.8%

Technology

FASIX
26.6%
FIKFX
25.8%

Financial Services

FASIX
16.2%
FIKFX
17.2%

Industrials

FASIX
12.8%
FIKFX
11.7%

Consumer Cyclical

FASIX
9.4%
FIKFX
9.4%

Healthcare

FASIX
8.8%
FIKFX
9.1%

Communication Services

FASIX
7.9%
FIKFX
8.0%

Consumer Defensive

FASIX
4.9%
FIKFX
5.2%

Basic Materials

FASIX
4.4%
FIKFX
4.1%

Energy

FASIX
3.8%
FIKFX
4.7%

Real Estate

FASIX
2.7%
FIKFX
2.1%

Utilities

FASIX
2.5%
FIKFX
2.8%

Compare stocks, funds, or ETFs

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Fidelity Asset Manager 20% Fund

Fidelity Freedom Index Income Fund Investor Class

Often compared with FASIX:
FASIX vs. TAIAXFASIX vs. INPFXFASIX vs. TSITXFASIX vs. DGTSXFASIX vs. FBALXFASIX vs. DGROFASIX vs. AOM
Often compared with FIKFX:
FIKFX vs. VTINXFIKFX vs. IRTRFIKFX vs. FZROXFIKFX vs. FIPDXFIKFX vs. VTMFXFIKFX vs. PRBLXFIKFX vs. BNDW

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: 8484
Overall Rank
FASIX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FASIX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FASIX Omega Ratio Rank: 8585
Omega Ratio Rank
FASIX Calmar Ratio Rank: 7777
Calmar Ratio Rank
FASIX Martin Ratio Rank: 8282
Martin Ratio Rank
FIKFX
FIKFX Risk / Return Rank: 7777
Overall Rank
FIKFX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FIKFX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FIKFX Omega Ratio Rank: 8181
Omega Ratio Rank
FIKFX Calmar Ratio Rank: 6767
Calmar Ratio Rank
FIKFX Martin Ratio Rank: 7474
Martin Ratio Rank
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.

FASIXFIKFXDifference
Sharpe ratioReturn per unit of total volatility
2.85
2.63

+0.22

Sortino ratioReturn per unit of downside risk
4.23
3.92

+0.31

Omega ratioGain probability vs. loss probability

1.58

1.54

+0.04

Calmar ratioReturn relative to maximum drawdown

3.52

3.15

+0.37

Martin ratioReturn relative to average drawdown

15.53

14.03

+1.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FASIX vs. FIKFX - Sharpe Ratio Comparison

The current FASIX Sharpe Ratio is 2.85, which is comparable to the FIKFX Sharpe Ratio of 2.63. 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.

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Sharpe Ratios by Period

FASIXFIKFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

2.63

+0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.64

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

0.96

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

1.01

+0.11

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.

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Drawdown Indicators

FASIXFIKFXDifference

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

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.78%

-1.72%

-0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

0.74%

+0.02%

Volatility

FASIX vs. FIKFX - Volatility Comparison

Fidelity Asset Manager 20% Fund (FASIX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX) have volatilities of 1.53% and 1.49%, 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.

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Volatility by Period

FASIXFIKFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.53%

1.49%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

3.39%

3.31%

+0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

4.14%

3.98%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.05%

5.12%

-0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.64%

4.44%

+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 3.02%, less than FIKFX's 3.19% yield.

PositionTTM20252024202320222021202020192018201720162015
FASIX
Fidelity Asset Manager 20% Fund		3.02%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		3.19%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

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.

FASIX has higher volatility (1.53%) compared to FIKFX (1.49%). In terms of maximum drawdown, FASIX dropped -19.61% vs FIKFX's -15.03%.

FASIX currently has the higher Sharpe Ratio (2.85 vs 2.63), 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.

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