FCFCX vs. FSKAX

Last updated Jun 4, 2026

FCFCX (Fidelity Advisor Freedom 2010 Fund Class C) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FCFCX is a Target Retirement Date fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FCFCX returned 4.72%/yr vs 15.09%/yr for FSKAX. Their correlation of 0.84 suggests significant overlap in exposure. FCFCX charges 1.49%/yr vs 0.01%/yr for FSKAX.

Performance

FCFCX vs. FSKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2010 Fund Class C (FCFCX) and Fidelity Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCFCX achieves a 4.64% return, which is significantly lower than FSKAX's 12.08% return. Over the past 10 years, FCFCX has underperformed FSKAX with an annualized return of 4.72%, while FSKAX has yielded a comparatively higher 15.09% annualized return.

FCFCX

• 1D: 0.26%
• 1M: 1.72%
• YTD: 4.64%
• 6M: 4.90%
• 1Y: 11.02%
• 3Y*: 7.81%
• 5Y*: 2.54%
• 10Y*: 4.72%

FSKAX

• 1D: 0.24%
• 1M: 5.80%
• YTD: 12.08%
• 6M: 11.98%
• 1Y: 29.13%
• 3Y*: 22.42%
• 5Y*: 13.08%
• 10Y*: 15.09%

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

FCFCX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCFCX Fidelity Advisor Freedom 2010 Fund Class C	4.64%	10.08%	4.12%	8.46%	-13.98%	4.41%	9.71%	13.61%	-4.20%	11.06%
FSKAX Fidelity Total Market Index Fund	12.08%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-5.32%	20.85%

Correlation

The correlation between FCFCX and FSKAX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011	0.84

The correlation between FCFCX and FSKAX shifts across timeframes, from 0.73 (3 years) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCFCX vs. FSKAX — Risk / Return Rank

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

FCFCX

FCFCX Risk / Return Rank: 57
FCFCX Sharpe Ratio Rank: 57
FCFCX Sortino Ratio Rank: 59
FCFCX Omega Ratio Rank: 64
FCFCX Calmar Ratio Rank: 50
FCFCX Martin Ratio Rank: 57

FSKAX

FSKAX Risk / Return Rank: 71
FSKAX Sharpe Ratio Rank: 71
FSKAX Sortino Ratio Rank: 64
FSKAX Omega Ratio Rank: 63
FSKAX Calmar Ratio Rank: 74
FSKAX Martin Ratio Rank: 82

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.

FCFCX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2010 Fund Class C (FCFCX) and Fidelity Total Market Index Fund (FSKAX). 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.

	FCFCX	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.46	-0.23
Sortino ratio: Return per unit of downside risk	3.24	3.35	-0.11
Omega ratio: Gain probability vs. loss probability	1.45	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	2.70	3.38	-0.68
Martin ratio: Return relative to average drawdown	11.47	15.52	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCFCX vs. FSKAX - Sharpe Ratio Comparison

The current FCFCX Sharpe Ratio is 2.23, which is comparable to the FSKAX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of FCFCX and FSKAX, 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

	FCFCX	FSKAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.46	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.76	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.82	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.85	-0.39

Drawdowns

FCFCX vs. FSKAX - Drawdown Comparison

The maximum FCFCX drawdown since its inception was -38.93%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FCFCX and FSKAX.

Drawdown Indicators

	FCFCX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.93%	-35.01%	-3.92%
Max Drawdown (1Y) Largest decline over 1 year	-4.09%	-8.92%	+4.83%
Max Drawdown (3Y) Largest decline over 3 years	-5.96%	-19.43%	+13.47%
Max Drawdown (5Y) Largest decline over 5 years	-19.13%	-25.39%	+6.26%
Max Drawdown (10Y) Largest decline over 10 years	-19.13%	-35.01%	+15.88%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.43%	-4.02%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.94%	-0.98%

Volatility

FCFCX vs. FSKAX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2010 Fund Class C (FCFCX) is 1.95%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 2.97%. This indicates that FCFCX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCFCX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	2.97%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	4.17%	9.23%	-5.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.96%	12.26%	-7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.36%	17.41%	-11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	18.46%	-12.14%

FCFCX vs. FSKAX - Expense Ratio Comparison

FCFCX has a 1.49% expense ratio, which is higher than FSKAX's 0.02% expense ratio.

Dividends

FCFCX vs. FSKAX - Dividend Comparison

FCFCX's dividend yield for the trailing twelve months is around 4.14%, more than FSKAX's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCFCX Fidelity Advisor Freedom 2010 Fund Class C	4.14%	4.17%	2.05%	1.54%	6.13%	8.15%	5.00%	4.97%	8.11%	5.67%	3.85%	3.78%
FSKAX Fidelity Total Market Index Fund	0.93%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both FCFCX and FSKAX in my portfolio?

FCFCX and FSKAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCFCX or FSKAX?

FSKAX has higher volatility (2.97%) compared to FCFCX (1.95%). In terms of maximum drawdown, FCFCX dropped -38.93% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FSKAX currently has the higher Sharpe Ratio (2.46 vs 2.23), 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.