FDKVX vs. FSNVX
FDKVX (Fidelity Freedom 2060 Fund) and FSNVX (Fidelity Freedom 2040 Fund Class K) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FDKVX returned 10.13%/yr vs 9.87%/yr for FSNVX. With a 0.99 correlation, they move nearly in lockstep. FDKVX charges 0.75%/yr vs 0.65%/yr for FSNVX.
Performance
FDKVX vs. FSNVX - Performance Comparison
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Returns By Period
In the year-to-date period, FDKVX achieves a 13.27% return, which is significantly higher than FSNVX's 11.59% return.
FDKVX
- 1D
- -0.52%
- 1M
- 3.52%
- YTD
- 13.27%
- 6M
- 14.89%
- 1Y
- 30.10%
- 3Y*
- 20.50%
- 5Y*
- 10.13%
- 10Y*
- 12.36%
FSNVX
- 1D
- -0.48%
- 1M
- 3.04%
- YTD
- 11.59%
- 6M
- 12.96%
- 1Y
- 26.88%
- 3Y*
- 20.03%
- 5Y*
- 9.87%
- 10Y*
- —
FDKVX vs. FSNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDKVX Fidelity Freedom 2060 Fund | 13.27% | 23.75% | 14.02% | 20.50% | -18.30% | 16.60% | 18.18% | 25.43% | -8.90% | 7.36% |
FSNVX Fidelity Freedom 2040 Fund Class K | 11.59% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
Correlation
The correlation between FDKVX and FSNVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.99 |
The correlation between FDKVX and FSNVX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FDKVX vs. FSNVX — Risk / Return Rank
FDKVX
FSNVX
FDKVX vs. FSNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund (FDKVX) 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.
| FDKVX | FSNVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.45 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.17 | -0.02 |
| Martin ratioReturn relative to average drawdown | 14.06 | 13.98 | +0.08 |
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
| FDKVX | FSNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.43 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.74 | -0.02 |
Drawdowns
FDKVX vs. FSNVX - Drawdown Comparison
The maximum FDKVX drawdown since its inception was -30.95%, roughly equal to the maximum FSNVX drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for FDKVX and FSNVX.
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Drawdown Indicators
| FDKVX | FSNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -30.96% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -8.71% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.41% | -14.08% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -27.21% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.48% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -5.58% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.97% | +0.22% |
Volatility
FDKVX vs. FSNVX - Volatility Comparison
Fidelity Freedom 2060 Fund (FDKVX) has a higher volatility of 4.23% compared to Fidelity Freedom 2040 Fund Class K (FSNVX) at 3.80%. This indicates that FDKVX's price experiences larger fluctuations and is considered to be riskier 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
| FDKVX | FSNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.80% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 9.37% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 11.40% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 14.36% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 15.64% | -0.27% |
FDKVX vs. FSNVX - Expense Ratio Comparison
FDKVX has a 0.75% expense ratio, which is higher than FSNVX's 0.65% expense ratio.
Dividends
FDKVX vs. FSNVX - Dividend Comparison
FDKVX's dividend yield for the trailing twelve months is around 4.91%, less than FSNVX's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDKVX Fidelity Freedom 2060 Fund | 4.91% | 3.69% | 1.86% | 1.98% | 10.62% | 10.17% | 3.81% | 5.90% | 5.83% | 3.23% | 2.85% | 3.00% |
FSNVX Fidelity Freedom 2040 Fund Class K | 6.39% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, FDKVX and FSNVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FDKVX has higher volatility (4.23%) compared to FSNVX (3.80%). In terms of maximum drawdown, FDKVX dropped -30.95% vs FSNVX's -30.96%.
FSNVX currently has the higher Sharpe Ratio (2.43 vs 2.42), 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.
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