FBIFX vs. FSNVX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Freedom 2040 Fund Class K (FSNVX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. FSNVX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
FBIFX vs. FSNVX - Performance Comparison
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FBIFX vs. FSNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | -3.60% | 19.88% | 13.32% | 19.37% | -18.16% | 15.88% | 16.47% | 25.95% | -7.24% | 7.60% |
FSNVX Fidelity Freedom 2040 Fund Class K | -2.91% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
Returns By Period
In the year-to-date period, FBIFX achieves a -3.60% return, which is significantly lower than FSNVX's -2.91% return.
FBIFX
- 1D
- -0.07%
- 1M
- -7.73%
- YTD
- -3.60%
- 6M
- -0.93%
- 1Y
- 15.51%
- 3Y*
- 13.52%
- 5Y*
- 7.34%
- 10Y*
- 10.18%
FSNVX
- 1D
- -0.23%
- 1M
- -8.26%
- YTD
- -2.91%
- 6M
- 0.35%
- 1Y
- 18.25%
- 3Y*
- 15.60%
- 5Y*
- 8.33%
- 10Y*
- —
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FBIFX vs. FSNVX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is lower than FSNVX's 0.65% expense ratio.
Return for Risk
FBIFX vs. FSNVX — Risk / Return Rank
FBIFX
FSNVX
FBIFX vs. FSNVX - 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 Freedom 2040 Fund Class K (FSNVX). 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 | FSNVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.26 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.80 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.52 | -0.11 |
Martin ratioReturn relative to average drawdown | 6.58 | 6.95 | -0.37 |
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
| FBIFX | FSNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.26 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.59 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.64 | +0.02 |
Correlation
The correlation between FBIFX and FSNVX is 0.98, 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
FBIFX vs. FSNVX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.43%, less than FSNVX's 5.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.43% | 2.35% | 2.20% | 1.97% | 2.08% | 1.96% | 2.00% | 18.26% | 2.22% | 1.82% | 1.98% | 2.02% |
FSNVX Fidelity Freedom 2040 Fund Class K | 5.23% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% | 0.00% | 0.00% |
Drawdowns
FBIFX vs. FSNVX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -30.73%, roughly equal to the maximum FSNVX drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for FBIFX and FSNVX.
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Drawdown Indicators
| FBIFX | FSNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -30.96% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -10.33% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -27.21% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -8.71% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -5.67% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.34% | -0.20% |
Volatility
FBIFX vs. FSNVX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) is 4.50%, while Fidelity Freedom 2040 Fund Class K (FSNVX) has a volatility of 5.11%. This indicates that FBIFX experiences smaller price fluctuations and is considered to be less risky than FSNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBIFX | FSNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 5.11% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 8.52% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 14.43% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 14.25% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 15.66% | -0.83% |