FBIFX vs. SWYGX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Schwab Target 2040 Index Fund (SWYGX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. SWYGX is managed by Charles Schwab. It was launched on Aug 24, 2016.
Performance
FBIFX vs. SWYGX - Performance Comparison
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FBIFX vs. SWYGX - 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% |
SWYGX Schwab Target 2040 Index Fund | -3.28% | 17.57% | 12.83% | 19.45% | -16.94% | 15.68% | 14.19% | 23.63% | -6.62% | 19.12% |
Returns By Period
In the year-to-date period, FBIFX achieves a -3.60% return, which is significantly lower than SWYGX's -3.28% 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%
SWYGX
- 1D
- -0.10%
- 1M
- -7.11%
- YTD
- -3.28%
- 6M
- -0.84%
- 1Y
- 14.04%
- 3Y*
- 12.98%
- 5Y*
- 7.21%
- 10Y*
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FBIFX vs. SWYGX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is higher than SWYGX's 0.04% 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. SWYGX — Risk / Return Rank
FBIFX
SWYGX
FBIFX vs. SWYGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Schwab Target 2040 Index Fund (SWYGX). 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 | SWYGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.08 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.58 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.36 | +0.06 |
Martin ratioReturn relative to average drawdown | 6.58 | 6.48 | +0.10 |
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 | SWYGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.08 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.55 | -0.02 |
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 | 0.67 | 0.00 |
Correlation
The correlation between FBIFX and SWYGX 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. SWYGX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.43%, more than SWYGX's 2.31% 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% |
SWYGX Schwab Target 2040 Index Fund | 2.31% | 2.23% | 2.28% | 2.06% | 2.03% | 1.80% | 1.72% | 1.95% | 2.21% | 1.44% | 1.13% | 0.00% |
Drawdowns
FBIFX vs. SWYGX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -30.73%, which is greater than SWYGX's maximum drawdown of -27.62%. Use the drawdown chart below to compare losses from any high point for FBIFX and SWYGX.
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Drawdown Indicators
| FBIFX | SWYGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -27.62% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -9.55% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -24.07% | -2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -7.50% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -4.23% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.00% | +0.14% |
Volatility
FBIFX vs. SWYGX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a higher volatility of 4.50% compared to Schwab Target 2040 Index Fund (SWYGX) at 4.13%. This indicates that FBIFX's price experiences larger fluctuations and is considered to be riskier than SWYGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBIFX | SWYGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.13% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 7.27% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 13.25% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 13.10% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 14.05% | +0.78% |