FFFTX vs. FMCAX

Last updated Aug 1, 2026

FFFTX (Fidelity Advisor Freedom 2045 Fund Class M) and FMCAX (Fidelity Advisor Stock Selector Mid Cap Fund Class M) are both mutual funds - FFFTX is a Target Retirement Date fund managed by Fidelity, while FMCAX is a Mid Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FFFTX returned 11.00%/yr vs 11.36%/yr for FMCAX. Their correlation of 0.90 means they have usually moved in the same direction. FFFTX charges 1.25%/yr vs 1.29%/yr for FMCAX.

Performance

FFFTX vs. FMCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) and Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFFTX achieves a 10.07% return, which is significantly lower than FMCAX's 18.31% return. Both investments have delivered pretty close results over the past 10 years, with FFFTX having a 11.00% annualized return and FMCAX not far ahead at 11.36%.

FFFTX

• 1D: 2.21%
• 1M: -1.19%
• 6M: 6.39%
• YTD: 10.07%
• 1Y: 20.85%
• 3Y*: 16.32%
• 5Y*: 8.67%
• 10Y*: 11.00%
• ALL TIME*: 7.41%

FMCAX

• 1D: 1.25%
• 1M: -2.17%
• 6M: 13.27%
• YTD: 18.31%
• 1Y: 26.90%
• 3Y*: 13.19%
• 5Y*: 8.29%
• 10Y*: 11.36%
• ALL TIME*: 10.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFFTX Fidelity Advisor Freedom 2045 Fund Class M	$0.00	$0.00	$0.00
FMCAX Fidelity Advisor Stock Selector Mid Cap Fund Class M	$0.00	$0.00	$0.00

FFFTX vs. FMCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFFTX Fidelity Advisor Freedom 2045 Fund Class M	10.07%	22.35%	13.16%	18.55%	-18.49%	15.47%	16.91%	25.99%	-8.63%	21.05%
FMCAX Fidelity Advisor Stock Selector Mid Cap Fund Class M	18.31%	9.87%	8.94%	16.59%	-14.31%	22.62%	12.48%	28.98%	-8.06%	19.55%

Correlation

The correlation between FFFTX and FMCAX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jun 2, 2006	0.90

The correlation between FFFTX and FMCAX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

FFFTX vs. FMCAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFFTX

FFFTX Risk / Return Rank: 55
FFFTX Sharpe Ratio Rank: 52
FFFTX Sortino Ratio Rank: 51
FFFTX Omega Ratio Rank: 51
FFFTX Calmar Ratio Rank: 57
FFFTX Martin Ratio Rank: 65

FMCAX

FMCAX Risk / Return Rank: 64
FMCAX Sharpe Ratio Rank: 53
FMCAX Sortino Ratio Rank: 56
FMCAX Omega Ratio Rank: 50
FMCAX Calmar Ratio Rank: 80
FMCAX Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFFTX vs. FMCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) and Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX). 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.

	FFFTX	FMCAX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.40	-0.04
Sortino ratio: Return per unit of downside risk	1.94	2.07	-0.13
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	1.97	2.69	-0.72
Martin ratio: Return relative to average drawdown	8.15	9.89	-1.74

FFFTX vs. FMCAX - Sharpe Ratio Comparison

The current FFFTX Sharpe Ratio is 1.36, which is comparable to the FMCAX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of FFFTX and FMCAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFFTX vs. FMCAX - Drawdown Comparison

The maximum FFFTX drawdown since its inception was -56.90%, smaller than the maximum FMCAX drawdown of -65.06%. Use the drawdown chart below to compare losses from any high point for FFFTX and FMCAX.

Drawdown Indicators

	FFFTX	FMCAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-65.06%	+8.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-8.72%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	-25.04%	+9.86%
Max Drawdown (5Y) Largest decline over 5 years	-27.62%	-25.04%	-2.58%
Max Drawdown (10Y) Largest decline over 10 years	-31.26%	-43.42%	+12.16%
Current Drawdown Current decline from peak	-2.48%	-3.64%	+1.16%
Average Drawdown Average peak-to-trough decline	-8.94%	-10.91%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	2.40%	-0.06%

Volatility

FFFTX vs. FMCAX - Volatility Comparison

Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) and Fidelity Advisor Stock Selector Mid Cap Fund Class M (FMCAX) have volatilities of 4.31% and 4.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFTX	FMCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.11%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	12.87%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	16.75%	-2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	20.00%	-4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	20.97%	-5.46%

FFFTX vs. FMCAX - Expense Ratio Comparison

FFFTX has a 1.25% expense ratio, which is lower than FMCAX's 1.29% expense ratio.

Dividends

FFFTX vs. FMCAX - Dividend Comparison

FFFTX's dividend yield for the trailing twelve months is around 7.17%, more than FMCAX's 6.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFTX Fidelity Advisor Freedom 2045 Fund Class M	7.17%	6.21%	1.28%	1.18%	10.63%	9.45%	5.12%	6.63%	11.52%	4.30%	4.50%	3.51%
FMCAX Fidelity Advisor Stock Selector Mid Cap Fund Class M	6.91%	8.17%	0.00%	0.36%	9.72%	13.00%	2.00%	3.87%	21.28%	4.27%	0.51%	1.53%

Frequently Asked Questions

Can I hold both FFFTX and FMCAX in my portfolio?

FFFTX and FMCAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFFTX or FMCAX?

FFFTX has higher volatility (4.31%) compared to FMCAX (4.11%). In terms of maximum drawdown, FFFTX dropped -56.90% vs FMCAX's -65.06%.

Which has better risk-adjusted returns?

FMCAX currently has the higher Sharpe Ratio (1.40 vs 1.36), 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.