FBIFX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity 500 Index Fund (FXAIX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FBIFX vs. FXAIX - Performance Comparison
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FBIFX vs. FXAIX - 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% | 20.58% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FBIFX achieves a -3.60% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FBIFX has underperformed FXAIX with an annualized return of 10.18%, while FXAIX has yielded a comparatively higher 13.75% annualized 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%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FBIFX vs. FXAIX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FBIFX vs. FXAIX — Risk / Return Rank
FBIFX
FXAIX
FBIFX vs. FXAIX - 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 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.84 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.30 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.05 | +0.36 |
Martin ratioReturn relative to average drawdown | 6.58 | 5.13 | +1.45 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.84 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.68 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.77 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.75 | -0.09 |
Correlation
The correlation between FBIFX and FXAIX is 0.96, 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. FXAIX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.43%, more than FXAIX's 1.20% 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% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FBIFX vs. FXAIX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -30.73%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FBIFX and FXAIX.
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Drawdown Indicators
| FBIFX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -33.79% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -12.13% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -24.50% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | -33.79% | +3.06% |
Current DrawdownCurrent decline from peak | -8.10% | -8.89% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -3.83% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.50% | -0.36% |
Volatility
FBIFX vs. FXAIX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a higher volatility of 4.50% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that FBIFX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBIFX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.24% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 9.08% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 18.13% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 16.88% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 18.03% | -3.20% |