FBIFX vs. FSCSX
FBIFX (Fidelity Freedom Index 2040 Fund Investor Class) and FSCSX (Fidelity Select Software & IT Services Portfolio) are both mutual funds - FBIFX is a Target Retirement Date fund managed by Fidelity, while FSCSX is a Technology Equities fund actively managed by Fidelity. Over the past 10 years, FBIFX returned 10.95%/yr vs 16.04%/yr for FSCSX. Their correlation of 0.80 means they have usually moved in the same direction. FBIFX charges 0.12%/yr vs 0.67%/yr for FSCSX.
Performance
FBIFX vs. FSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, FBIFX achieves a 8.94% return, which is significantly higher than FSCSX's -7.94% return. Over the past 10 years, FBIFX has underperformed FSCSX with an annualized return of 10.95%, while FSCSX has yielded a comparatively higher 16.04% annualized return.
FBIFX
- 1D
- 1.69%
- 1M
- -0.57%
- 6M
- 6.22%
- YTD
- 8.94%
- 1Y
- 19.42%
- 3Y*
- 15.19%
- 5Y*
- 8.46%
- 10Y*
- 10.95%
- ALL TIME*
- 9.98%
FSCSX
- 1D
- 4.54%
- 1M
- 3.36%
- 6M
- 7.49%
- YTD
- -7.94%
- 1Y
- -7.49%
- 3Y*
- 9.84%
- 5Y*
- 5.19%
- 10Y*
- 16.04%
- ALL TIME*
- 15.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FBIFX vs. FSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 8.94% | 19.88% | 13.32% | 19.37% | -18.16% | 15.88% | 16.47% | 25.95% | -7.24% | 20.58% |
FSCSX Fidelity Select Software & IT Services Portfolio | -7.94% | 6.96% | 19.66% | 51.72% | -29.13% | 18.13% | 45.55% | 38.99% | 4.08% | 38.60% |
Correlation
The correlation between FBIFX and FSCSX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2009 | 0.80 |
Over the past year, the correlation between FBIFX and FSCSX has dropped to 0.44 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
FBIFX vs. FSCSX — Risk / Return Rank
FBIFX
FSCSX
FBIFX vs. FSCSX - 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 Select Software & IT Services Portfolio (FSCSX). 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.
| FBIFX | FSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.96 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.31 | +2.54 |
| Martin ratioReturn relative to average drawdown | 9.17 | -0.63 | +9.80 |
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Drawdowns
FBIFX vs. FSCSX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -30.73%, smaller than the maximum FSCSX drawdown of -64.66%. Use the drawdown chart below to compare losses from any high point for FBIFX and FSCSX.
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Drawdown Indicators
| FBIFX | FSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -64.66% | +33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -34.24% | +26.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -34.24% | +20.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -37.06% | +10.94% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | -37.06% | +6.33% |
Current DrawdownCurrent decline from peak | -1.82% | -13.20% | +11.38% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -13.24% | +9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 16.66% | -14.69% |
Volatility
FBIFX vs. FSCSX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 3.33%, while Fidelity Select Software & IT Services Portfolio (FSCSX) has a volatility of 7.60%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than FSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBIFX | FSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 7.60% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 26.29% | -16.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 29.64% | -18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 26.84% | -12.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 24.75% | -9.90% |
FBIFX vs. FSCSX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is lower than FSCSX's 0.67% expense ratio.
Dividends
FBIFX vs. FSCSX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.25%, less than FSCSX's 21.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.25% | 2.35% | 2.20% | 1.97% | 2.08% | 1.96% | 2.00% | 18.26% | 2.22% | 1.82% | 1.98% | 2.02% |
FSCSX Fidelity Select Software & IT Services Portfolio | 21.82% | 15.40% | 19.17% | 7.72% | 9.06% | 6.54% | 5.10% | 12.70% | 6.20% | 7.15% | 3.98% | 5.22% |
Frequently Asked Questions
FBIFX and FSCSX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCSX has higher volatility (7.60%) compared to FBIFX (3.33%). In terms of maximum drawdown, FBIFX dropped -30.73% vs FSCSX's -64.66%.
FBIFX currently has the higher Sharpe Ratio (1.57 vs -0.36), 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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