FFFFX vs. SWYGX
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and Schwab Target 2040 Index Fund (SWYGX).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000. SWYGX is managed by Charles Schwab. It was launched on Aug 24, 2016.
Performance
FFFFX vs. SWYGX - Performance Comparison
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FFFFX vs. SWYGX - 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% |
SWYGX Schwab Target 2040 Index Fund | -3.28% | 17.57% | 12.83% | 19.45% | -16.94% | 15.68% | 14.19% | 23.63% | -6.62% | 19.12% |
Returns By Period
In the year-to-date period, FFFFX achieves a -2.91% return, which is significantly higher than SWYGX's -3.28% 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%
SWYGX
- 1D
- -0.10%
- 1M
- -7.11%
- YTD
- -3.28%
- 6M
- -0.84%
- 1Y
- 14.04%
- 3Y*
- 12.98%
- 5Y*
- 7.21%
- 10Y*
- —
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FFFFX vs. SWYGX - Expense Ratio Comparison
FFFFX has a 0.75% expense ratio, which is higher than SWYGX's 0.04% expense ratio.
Return for Risk
FFFFX vs. SWYGX — Risk / Return Rank
FFFFX
SWYGX
FFFFX vs. SWYGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Schwab Target 2040 Index Fund (SWYGX). 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 | SWYGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.08 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.58 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.36 | +0.24 |
Martin ratioReturn relative to average drawdown | 7.23 | 6.48 | +0.75 |
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 | SWYGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.08 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.55 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.67 | -0.32 |
Correlation
The correlation between FFFFX and SWYGX is 0.97, 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
FFFFX vs. SWYGX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 5.23%, more than SWYGX's 2.31% 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% |
SWYGX Schwab Target 2040 Index Fund | 2.31% | 2.23% | 2.28% | 2.06% | 2.03% | 1.80% | 1.72% | 1.95% | 2.21% | 1.44% | 1.13% | 0.00% |
Drawdowns
FFFFX vs. SWYGX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -54.10%, which is greater than SWYGX's maximum drawdown of -27.62%. Use the drawdown chart below to compare losses from any high point for FFFFX and SWYGX.
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Drawdown Indicators
| FFFFX | SWYGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.10% | -27.62% | -26.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -9.55% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -24.07% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | — | — |
Current DrawdownCurrent decline from peak | -8.71% | -7.50% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -4.23% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.00% | +0.27% |
Volatility
FFFFX vs. SWYGX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) has a higher volatility of 5.14% compared to Schwab Target 2040 Index Fund (SWYGX) at 4.13%. This indicates that FFFFX's price experiences larger fluctuations and is considered to be riskier than SWYGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFFX | SWYGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.13% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 7.27% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 13.25% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 13.10% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 14.05% | +0.95% |