FFIZX vs. FBAKX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Fidelity Balanced Fund Class K (FBAKX).
FFIZX is managed by Fidelity. It was launched on Oct 2, 2009. FBAKX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
FFIZX vs. FBAKX - Performance Comparison
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FFIZX vs. FBAKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | -3.61% | 19.93% | 13.37% | 19.44% | -18.15% | 15.97% | 16.51% | 26.01% | -7.20% | 20.57% |
FBAKX Fidelity Balanced Fund Class K | -3.70% | 15.19% | 16.17% | 20.40% | -18.22% | 18.40% | 22.51% | 24.50% | -3.89% | 16.62% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FFIZX having a -3.61% return and FBAKX slightly lower at -3.70%. Both investments have delivered pretty close results over the past 10 years, with FFIZX having a 10.23% annualized return and FBAKX not far ahead at 10.60%.
FFIZX
- 1D
- -0.07%
- 1M
- -7.74%
- YTD
- -3.61%
- 6M
- -0.91%
- 1Y
- 15.56%
- 3Y*
- 13.57%
- 5Y*
- 7.38%
- 10Y*
- 10.23%
FBAKX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.90%
- 1Y
- 14.05%
- 3Y*
- 12.99%
- 5Y*
- 7.52%
- 10Y*
- 10.60%
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FFIZX vs. FBAKX - Expense Ratio Comparison
FFIZX has a 0.08% expense ratio, which is lower than FBAKX's 0.45% expense ratio.
Return for Risk
FFIZX vs. FBAKX — Risk / Return Rank
FFIZX
FBAKX
FFIZX vs. FBAKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Fidelity Balanced Fund Class K (FBAKX). 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.
| FFIZX | FBAKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.24 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.79 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.59 | -0.17 |
Martin ratioReturn relative to average drawdown | 6.61 | 7.42 | -0.81 |
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
| FFIZX | FBAKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.24 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.62 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.84 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.63 | -0.01 |
Correlation
The correlation between FFIZX and FBAKX is 0.96, 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
FFIZX vs. FBAKX - Dividend Comparison
FFIZX's dividend yield for the trailing twelve months is around 2.47%, less than FBAKX's 5.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.47% | 2.38% | 2.23% | 2.00% | 2.13% | 2.08% | 2.02% | 18.32% | 2.26% | 1.86% | 2.04% | 2.04% |
FBAKX Fidelity Balanced Fund Class K | 5.94% | 5.72% | 5.74% | 2.35% | 8.15% | 9.74% | 5.97% | 4.31% | 11.09% | 7.98% | 3.16% | 7.79% |
Drawdowns
FFIZX vs. FBAKX - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -30.69%, smaller than the maximum FBAKX drawdown of -41.40%. Use the drawdown chart below to compare losses from any high point for FFIZX and FBAKX.
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Drawdown Indicators
| FFIZX | FBAKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -41.40% | +10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -8.12% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -22.84% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -26.68% | -4.01% |
Current DrawdownCurrent decline from peak | -8.10% | -6.47% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -5.18% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.74% | +0.40% |
Volatility
FFIZX vs. FBAKX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) has a higher volatility of 4.49% compared to Fidelity Balanced Fund Class K (FBAKX) at 3.48%. This indicates that FFIZX's price experiences larger fluctuations and is considered to be riskier than FBAKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFIZX | FBAKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.48% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 6.47% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.76% | 11.79% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.72% | 12.16% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 12.73% | +2.10% |