FCFFX vs. FAFFX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) and Fidelity Advisor Freedom 2040 Fund Class A (FAFFX).

FCFFX is managed by Fidelity. It was launched on Jul 24, 2003. FAFFX is managed by Fidelity. It was launched on Jul 24, 2003.

Performance

FCFFX vs. FAFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) and Fidelity Advisor Freedom 2040 Fund Class A (FAFFX). The values are adjusted to include any dividend payments, if applicable.

FCFFX vs. FAFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCFFX Fidelity Advisor Freedom 2040 Fund Class C	-3.58%	20.23%	11.76%	17.50%	-18.93%	14.90%	16.35%	25.42%	-9.19%	20.51%
FAFFX Fidelity Advisor Freedom 2040 Fund Class A	-3.44%	21.14%	12.60%	18.39%	-18.31%	15.78%	17.18%	26.41%	-8.48%	21.35%

Returns By Period

The year-to-date returns for both investments are quite close, with FCFFX having a -3.58% return and FAFFX slightly higher at -3.44%. Over the past 10 years, FCFFX has underperformed FAFFX with an annualized return of 9.33%, while FAFFX has yielded a comparatively higher 10.15% annualized return.

FCFFX

• 1D: -0.18%
• 1M: -8.42%
• YTD: -3.58%
• 6M: -1.01%
• 1Y: 15.34%
• 3Y*: 12.80%
• 5Y*: 6.20%
• 10Y*: 9.33%

FAFFX

• 1D: -0.17%
• 1M: -8.40%
• YTD: -3.44%
• 6M: -0.64%
• 1Y: 16.21%
• 3Y*: 13.64%
• 5Y*: 6.99%
• 10Y*: 10.15%

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

FCFFX vs. FAFFX - Expense Ratio Comparison

FCFFX has a 1.75% expense ratio, which is higher than FAFFX's 1.00% expense ratio.

FCFFX

Fidelity Advisor Freedom 2040 Fund Class C

FAFFX

Fidelity Advisor Freedom 2040 Fund Class A

Return for Risk

FCFFX vs. FAFFX — Risk / Return Rank

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

FCFFX

FCFFX Risk / Return Rank: 60
FCFFX Sharpe Ratio Rank: 60
FCFFX Sortino Ratio Rank: 60
FCFFX Omega Ratio Rank: 61
FCFFX Calmar Ratio Rank: 57
FCFFX Martin Ratio Rank: 62

FAFFX

FAFFX Risk / Return Rank: 64
FAFFX Sharpe Ratio Rank: 64
FAFFX Sortino Ratio Rank: 65
FAFFX Omega Ratio Rank: 65
FAFFX Calmar Ratio Rank: 61
FAFFX Martin Ratio Rank: 67

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.

FCFFX vs. FAFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) and Fidelity Advisor Freedom 2040 Fund Class A (FAFFX). 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.

	FCFFX	FAFFX	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.13	-0.06
Sortino ratio Return per unit of downside risk	1.54	1.62	-0.08
Omega ratio Gain probability vs. loss probability	1.23	1.24	-0.01
Calmar ratio Return relative to maximum drawdown	1.33	1.42	-0.08
Martin ratio Return relative to average drawdown	5.90	6.31	-0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCFFX vs. FAFFX - Sharpe Ratio Comparison

The current FCFFX Sharpe Ratio is 1.07, which is comparable to the FAFFX Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FCFFX and FAFFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCFFX	FAFFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.13	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.49	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.67	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.42	-0.05

Correlation

The correlation between FCFFX and FAFFX is 1.00, 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

FCFFX vs. FAFFX - Dividend Comparison

FCFFX's dividend yield for the trailing twelve months is around 7.25%, less than FAFFX's 7.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCFFX Fidelity Advisor Freedom 2040 Fund Class C	7.25%	6.99%	2.18%	0.70%	10.63%	9.51%	5.52%	6.57%	11.46%	4.73%	4.30%	3.94%
FAFFX Fidelity Advisor Freedom 2040 Fund Class A	7.34%	7.09%	2.61%	1.16%	10.83%	9.81%	5.79%	6.93%	11.85%	5.16%	4.77%	4.04%

Drawdowns

FCFFX vs. FAFFX - Drawdown Comparison

The maximum FCFFX drawdown since its inception was -56.57%, roughly equal to the maximum FAFFX drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for FCFFX and FAFFX.

Drawdown Indicators

	FCFFX	FAFFX	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-56.14%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-10.27%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-27.88%	-27.41%	-0.47%
Max Drawdown (10Y) Largest decline over 10 years	-31.31%	-31.28%	-0.03%
Current Drawdown Current decline from peak	-8.92%	-8.87%	-0.05%
Average Drawdown Average peak-to-trough decline	-8.41%	-7.85%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.31%	+0.01%

Volatility

FCFFX vs. FAFFX - Volatility Comparison

Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) and Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) have volatilities of 5.04% and 5.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCFFX	FAFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.05%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	8.47%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	14.33%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	14.21%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.12%	15.13%	-0.01%