FFGZX vs. FXNAX
FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) and FXNAX (Fidelity U.S. Bond Index Fund) are both mutual funds - FFGZX is a Target Retirement Date fund managed by Fidelity, while FXNAX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, FFGZX returned 4.06%/yr vs 1.24%/yr for FXNAX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. FFGZX charges 0.08%/yr vs 0.03%/yr for FXNAX.
Performance
FFGZX vs. FXNAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FFGZX achieves a 3.16% return, which is significantly higher than FXNAX's -0.92% return. Over the past 10 years, FFGZX has outperformed FXNAX with an annualized return of 4.06%, while FXNAX has yielded a comparatively lower 1.24% annualized return.
FFGZX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 2.17%
- YTD
- 3.16%
- 1Y
- 6.99%
- 3Y*
- 6.99%
- 5Y*
- 2.70%
- 10Y*
- 4.06%
- ALL TIME*
- 3.90%
FXNAX
- 1D
- -0.29%
- 1M
- -1.53%
- 6M
- -1.05%
- YTD
- -0.92%
- 1Y
- 1.47%
- 3Y*
- 3.79%
- 5Y*
- -0.55%
- 10Y*
- 1.24%
- ALL TIME*
- 1.94%
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 |
FFGZX vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.16% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
FXNAX Fidelity U.S. Bond Index Fund | -0.92% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Correlation
The correlation between FFGZX and FXNAX is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.55 |
The correlation between FFGZX and FXNAX shifts across timeframes, from 0.55 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FFGZX vs. FXNAX — Risk / Return Rank
FFGZX
FXNAX
FFGZX vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
| FFGZX | FXNAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 0.80 | +1.39 |
| Martin ratioReturn relative to average drawdown | 8.89 | 2.00 | +6.89 |
Loading charts...
Drawdowns
FFGZX vs. FXNAX - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -14.94%, smaller than the maximum FXNAX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FFGZX and FXNAX.
Loading charts...
Drawdown Indicators
| FFGZX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -19.51% | +4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -2.94% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -5.11% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -18.39% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -19.51% | +4.57% |
Current DrawdownCurrent decline from peak | -1.07% | -4.17% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -3.86% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.18% | -0.36% |
Volatility
FFGZX vs. FXNAX - Volatility Comparison
Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) has a higher volatility of 1.34% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.01%. This indicates that FFGZX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FFGZX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.01% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 3.03% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 3.85% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 6.07% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 5.01% | -0.54% |
FFGZX vs. FXNAX - Expense Ratio Comparison
FFGZX has a 0.08% expense ratio, which is higher than FXNAX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FFGZX vs. FXNAX - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 2.76%, less than FXNAX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 2.76% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
FXNAX Fidelity U.S. Bond Index Fund | 3.47% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Frequently Asked Questions
FFGZX and FXNAX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFGZX has higher volatility (1.34%) compared to FXNAX (1.01%). In terms of maximum drawdown, FFGZX dropped -14.94% vs FXNAX's -19.51%.
FFGZX currently has the higher Sharpe Ratio (1.64 vs 0.62), 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.
Find the right allocation for FFGZX and FXNAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer