FBIFX vs. FOKFX

Last updated Jun 4, 2026

FBIFX (Fidelity Freedom Index 2040 Fund Investor Class) and FOKFX (Fidelity OTC K6 Portfolio) are both mutual funds - FBIFX is a Target Retirement Date fund managed by Fidelity, while FOKFX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FBIFX returned 9.25%/yr vs 18.15%/yr for FOKFX. Their correlation of 0.87 suggests significant overlap in exposure. FBIFX charges 0.12%/yr vs 0.50%/yr for FOKFX.

Performance

FBIFX vs. FOKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity OTC K6 Portfolio (FOKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBIFX achieves a 10.96% return, which is significantly lower than FOKFX's 26.86% return.

FBIFX

• 1D: 0.38%
• 1M: 4.89%
• YTD: 10.96%
• 6M: 11.69%
• 1Y: 25.65%
• 3Y*: 18.07%
• 5Y*: 9.25%
• 10Y*: 11.48%

FOKFX

• 1D: 0.91%
• 1M: 10.94%
• YTD: 26.86%
• 6M: 25.59%
• 1Y: 58.38%
• 3Y*: 32.48%
• 5Y*: 18.15%
• 10Y*: —

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

FBIFX vs. FOKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FBIFX Fidelity Freedom Index 2040 Fund Investor Class	10.96%	19.88%	13.32%	19.37%	-18.16%	15.88%	16.47%	10.55%
FOKFX Fidelity OTC K6 Portfolio	26.86%	20.30%	34.58%	43.48%	-32.32%	25.95%	47.52%	17.08%

Correlation

The correlation between FBIFX and FOKFX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.87

The correlation between FBIFX and FOKFX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

FBIFX vs. FOKFX — Risk / Return Rank

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

FBIFX

FBIFX Risk / Return Rank: 71
FBIFX Sharpe Ratio Rank: 74
FBIFX Sortino Ratio Rank: 70
FBIFX Omega Ratio Rank: 68
FBIFX Calmar Ratio Rank: 69
FBIFX Martin Ratio Rank: 74

FOKFX

FOKFX Risk / Return Rank: 89
FOKFX Sharpe Ratio Rank: 94
FOKFX Sortino Ratio Rank: 86
FOKFX Omega Ratio Rank: 82
FOKFX Calmar Ratio Rank: 91
FOKFX Martin Ratio Rank: 92

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.

FBIFX vs. FOKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity OTC K6 Portfolio (FOKFX). 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.

	FBIFX	FOKFX	Difference
Sharpe ratio Return per unit of total volatility	2.49	3.25	-0.76
Sortino ratio Return per unit of downside risk	3.48	4.05	-0.57
Omega ratio Gain probability vs. loss probability	1.46	1.54	-0.08
Calmar ratio Return relative to maximum drawdown	3.21	4.73	-1.52
Martin ratio Return relative to average drawdown	14.06	19.68	-5.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBIFX vs. FOKFX - Sharpe Ratio Comparison

The current FBIFX Sharpe Ratio is 2.49, which is comparable to the FOKFX Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of FBIFX and FOKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBIFX	FOKFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	3.25	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.79	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.96	-0.23

Drawdowns

FBIFX vs. FOKFX - Drawdown Comparison

The maximum FBIFX drawdown since its inception was -30.73%, smaller than the maximum FOKFX drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for FBIFX and FOKFX.

Drawdown Indicators

	FBIFX	FOKFX	Difference
Max Drawdown Largest peak-to-trough decline	-30.73%	-37.26%	+6.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-12.53%	+4.43%
Max Drawdown (3Y) Largest decline over 3 years	-13.45%	-24.81%	+11.36%
Max Drawdown (5Y) Largest decline over 5 years	-26.12%	-37.26%	+11.14%
Max Drawdown (10Y) Largest decline over 10 years	-30.73%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.11%	-9.20%	+5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	3.01%	-1.16%

Volatility

FBIFX vs. FOKFX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 3.19%, while Fidelity OTC K6 Portfolio (FOKFX) has a volatility of 5.61%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than FOKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBIFX	FOKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	5.61%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	14.55%	-6.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	18.47%	-8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	23.01%	-9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.88%	24.64%	-9.76%

FBIFX vs. FOKFX - Expense Ratio Comparison

FBIFX has a 0.12% expense ratio, which is lower than FOKFX's 0.50% expense ratio.

Dividends

FBIFX vs. FOKFX - Dividend Comparison

FBIFX's dividend yield for the trailing twelve months is around 2.21%, less than FOKFX's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBIFX Fidelity Freedom Index 2040 Fund Investor Class	2.21%	2.35%	2.20%	1.97%	2.08%	1.96%	2.00%	18.26%	2.22%	1.82%	1.98%	2.02%
FOKFX Fidelity OTC K6 Portfolio	3.31%	4.20%	4.58%	0.24%	0.08%	3.81%	0.39%	0.32%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBIFX and FOKFX in my portfolio?

FBIFX and FOKFX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBIFX or FOKFX?

FOKFX has higher volatility (5.61%) compared to FBIFX (3.19%). In terms of maximum drawdown, FBIFX dropped -30.73% vs FOKFX's -37.26%.

Which has better risk-adjusted returns?

FOKFX currently has the higher Sharpe Ratio (3.25 vs 2.49), 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.