FFFAX vs. FZROX
FFFAX (Fidelity Freedom Income Fund) and FZROX (Fidelity ZERO Total Market Index Fund) are both mutual funds - FFFAX is a Target Retirement Date fund managed by Fidelity, while FZROX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FFFAX returned 2.80%/yr vs 11.84%/yr for FZROX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. FFFAX charges 0.47%/yr vs 0.00%/yr for FZROX.
Performance
FFFAX vs. FZROX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFAX achieves a 3.85% return, which is significantly lower than FZROX's 9.94% return.
FFFAX
- 1D
- 0.69%
- 1M
- -0.67%
- 6M
- 2.49%
- YTD
- 3.85%
- 1Y
- 7.92%
- 3Y*
- 7.26%
- 5Y*
- 2.80%
- 10Y*
- 4.25%
- ALL TIME*
- 4.57%
FZROX
- 1D
- 1.64%
- 1M
- -0.73%
- 6M
- 8.29%
- YTD
- 9.94%
- 1Y
- 21.21%
- 3Y*
- 18.70%
- 5Y*
- 11.84%
- 10Y*
- —
- ALL TIME*
- 13.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FFFAX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 3.85% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -1.63% |
FZROX Fidelity ZERO Total Market Index Fund | 9.94% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Correlation
The correlation between FFFAX and FZROX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.64 |
The correlation between FFFAX and FZROX shifts across timeframes, from 0.64 (5 years) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FFFAX vs. FZROX — Risk / Return Rank
FFFAX
FZROX
FFFAX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund (FFFAX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FFFAX | FZROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.12 | +0.11 |
| Martin ratioReturn relative to average drawdown | 9.08 | 9.14 | -0.06 |
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Drawdowns
FFFAX vs. FZROX - Drawdown Comparison
The maximum FFFAX drawdown since its inception was -17.96%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FFFAX and FZROX.
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Drawdown Indicators
| FFFAX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -34.96% | +17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -8.89% | +5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.04% | -19.38% | +15.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -25.12% | +9.25% |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.85% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -5.43% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 2.06% | -1.16% |
Volatility
FFFAX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Freedom Income Fund (FFFAX) is 1.67%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.43%. This indicates that FFFAX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFAX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 3.43% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 10.34% | -5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 13.19% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 17.54% | -12.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 20.04% | -15.35% |
FFFAX vs. FZROX - Expense Ratio Comparison
FFFAX has a 0.47% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Dividends
FFFAX vs. FZROX - Dividend Comparison
FFFAX's dividend yield for the trailing twelve months is around 2.95%, more than FZROX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 2.64% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
FZROX Fidelity ZERO Total Market Index Fund | 0.93% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FFFAX and FZROX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FZROX has higher volatility (3.43%) compared to FFFAX (1.67%). In terms of maximum drawdown, FFFAX dropped -17.96% vs FZROX's -34.96%.
FFFAX currently has the higher Sharpe Ratio (1.58 vs 1.43), 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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