FFFFX vs. FELIX
FFFFX (Fidelity Freedom 2040 Fund) and FELIX (Fidelity Advisor Semiconductors Fund Class I) are both mutual funds - FFFFX is a Target Retirement Date fund actively managed by Fidelity, while FELIX is a Technology Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FFFFX returned 11.49%/yr vs 33.55%/yr for FELIX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FFFFX charges 0.66%/yr vs 0.69%/yr for FELIX.
Performance
FFFFX vs. FELIX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFFX achieves a 10.42% return, which is significantly lower than FELIX's 48.18% return. Over the past 10 years, FFFFX has underperformed FELIX with an annualized return of 11.49%, while FELIX has yielded a comparatively higher 33.55% annualized return.
FFFFX
- 1D
- 1.94%
- 1M
- -1.18%
- 6M
- 6.83%
- YTD
- 10.42%
- 1Y
- 21.72%
- 3Y*
- 16.45%
- 5Y*
- 9.07%
- 10Y*
- 11.49%
- ALL TIME*
- 6.16%
FELIX
- 1D
- 7.41%
- 1M
- -8.92%
- 6M
- 32.63%
- YTD
- 48.18%
- 1Y
- 85.51%
- 3Y*
- 46.63%
- 5Y*
- 35.56%
- 10Y*
- 33.55%
- ALL TIME*
- 14.92%
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 |
FFFFX vs. FELIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 10.42% | 22.01% | 13.20% | 20.06% | -18.31% | 16.57% | 18.24% | 25.38% | -8.94% | 22.26% |
FELIX Fidelity Advisor Semiconductors Fund Class I | 48.18% | 45.25% | 44.10% | 75.49% | -34.88% | 57.89% | 44.02% | 64.21% | -12.52% | 34.54% |
Correlation
The correlation between FFFFX and FELIX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2000 | 0.78 |
The correlation between FFFFX and FELIX has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
FFFFX vs. FELIX — Risk / Return Rank
FFFFX
FELIX
FFFFX vs. FELIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Advisor Semiconductors Fund Class I (FELIX). 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.
| FFFFX | FELIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.00 | -0.68 |
| Martin ratioReturn relative to average drawdown | 9.61 | 12.69 | -3.07 |
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Drawdowns
FFFFX vs. FELIX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -54.10%, smaller than the maximum FELIX drawdown of -71.17%. Use the drawdown chart below to compare losses from any high point for FFFFX and FELIX.
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Drawdown Indicators
| FFFFX | FELIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.10% | -71.17% | +17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -26.89% | +18.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -36.40% | +22.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -46.02% | +18.81% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | -46.02% | +15.09% |
Current DrawdownCurrent decline from peak | -2.34% | -21.47% | +19.13% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -21.07% | +9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 6.35% | -4.25% |
Volatility
FFFFX vs. FELIX - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 3.83%, while Fidelity Advisor Semiconductors Fund Class I (FELIX) has a volatility of 16.85%. This indicates that FFFFX experiences smaller price fluctuations and is considered to be less risky than FELIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFFX | FELIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 16.85% | -13.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 34.46% | -23.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 40.70% | -27.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 39.85% | -25.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 35.48% | -20.43% |
FFFFX vs. FELIX - Expense Ratio Comparison
FFFFX has a 0.66% expense ratio, which is lower than FELIX's 0.69% expense ratio.
Dividends
FFFFX vs. FELIX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 6.45%, more than FELIX's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FELIX Fidelity Advisor Semiconductors Fund Class I | 4.39% | 6.51% | 6.44% | 3.15% | 3.09% | 4.14% | 4.43% | 1.04% | 19.34% | 9.50% | 0.55% | 10.37% |
FFFFX Fidelity Freedom 2040 Fund | 6.45% | 5.07% | 2.63% | 1.72% | 12.33% | 12.09% | 5.67% | 6.69% | 7.97% | 4.37% | 4.05% | 4.81% |
Frequently Asked Questions
FFFFX and FELIX 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.
FELIX has higher volatility (16.85%) compared to FFFFX (3.83%). In terms of maximum drawdown, FFFFX dropped -54.10% vs FELIX's -71.17%.
FELIX currently has the higher Sharpe Ratio (1.98 vs 1.59), 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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