FFFFX vs. FSIAX
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Advisor Strategic Income Fund Class M (FSIAX).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000. FSIAX is managed by Fidelity. It was launched on Oct 31, 1994.
Performance
FFFFX vs. FSIAX - Performance Comparison
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FFFFX vs. FSIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | -2.91% | 22.01% | 13.20% | 20.06% | -18.31% | 16.57% | 18.24% | 25.38% | -8.94% | 22.26% |
FSIAX Fidelity Advisor Strategic Income Fund Class M | -0.88% | 8.59% | 5.03% | 8.83% | -12.06% | 3.22% | 7.30% | 10.76% | -2.93% | 7.54% |
Returns By Period
In the year-to-date period, FFFFX achieves a -2.91% return, which is significantly lower than FSIAX's -0.88% return. Over the past 10 years, FFFFX has outperformed FSIAX with an annualized return of 10.66%, while FSIAX has yielded a comparatively lower 3.85% annualized return.
FFFFX
- 1D
- -0.23%
- 1M
- -8.26%
- YTD
- -2.91%
- 6M
- 0.34%
- 1Y
- 18.14%
- 3Y*
- 14.60%
- 5Y*
- 7.70%
- 10Y*
- 10.66%
FSIAX
- 1D
- 0.00%
- 1M
- -2.66%
- YTD
- -0.88%
- 6M
- 0.34%
- 1Y
- 6.86%
- 3Y*
- 6.07%
- 5Y*
- 2.33%
- 10Y*
- 3.85%
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FFFFX vs. FSIAX - Expense Ratio Comparison
FFFFX has a 0.75% expense ratio, which is lower than FSIAX's 0.96% expense ratio.
Return for Risk
FFFFX vs. FSIAX — Risk / Return Rank
FFFFX
FSIAX
FFFFX vs. FSIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Advisor Strategic Income Fund Class M (FSIAX). 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.
| FFFFX | FSIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 2.04 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.79 | 2.83 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.71 | -1.12 |
Martin ratioReturn relative to average drawdown | 7.23 | 10.68 | -3.45 |
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
| FFFFX | FSIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.04 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.53 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.87 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 1.53 | -1.18 |
Correlation
The correlation between FFFFX and FSIAX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FFFFX vs. FSIAX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 5.23%, more than FSIAX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 5.23% | 5.07% | 2.63% | 1.72% | 12.33% | 12.09% | 5.67% | 6.69% | 7.97% | 4.37% | 4.05% | 4.81% |
FSIAX Fidelity Advisor Strategic Income Fund Class M | 3.80% | 4.06% | 3.21% | 3.71% | 2.71% | 4.01% | 4.32% | 4.07% | 3.51% | 3.70% | 3.49% | 3.18% |
Drawdowns
FFFFX vs. FSIAX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -54.10%, which is greater than FSIAX's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for FFFFX and FSIAX.
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Drawdown Indicators
| FFFFX | FSIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.10% | -17.81% | -36.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -2.66% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -16.19% | -11.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | -16.19% | -14.74% |
Current DrawdownCurrent decline from peak | -8.71% | -2.66% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -1.84% | -9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 0.67% | +1.60% |
Volatility
FFFFX vs. FSIAX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) has a higher volatility of 5.14% compared to Fidelity Advisor Strategic Income Fund Class M (FSIAX) at 1.52%. This indicates that FFFFX's price experiences larger fluctuations and is considered to be riskier than FSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFFX | FSIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 1.52% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 2.30% | +6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 3.55% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 4.42% | +9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 4.42% | +10.58% |