FFOLX vs. FSMDX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Mid Cap Index Fund (FSMDX).
FFOLX is managed by Fidelity. It was launched on Oct 2, 2009. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
FFOLX vs. FSMDX - Performance Comparison
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FFOLX vs. FSMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | -4.05% | 21.44% | 14.19% | 19.95% | -18.18% | 15.98% | 16.51% | 26.01% | -7.20% | 20.57% |
FSMDX Fidelity Mid Cap Index Fund | -1.30% | 10.58% | 15.55% | 17.20% | -17.27% | 22.56% | 17.13% | 30.53% | -9.38% | 18.04% |
Returns By Period
In the year-to-date period, FFOLX achieves a -4.05% return, which is significantly lower than FSMDX's -1.30% return. Both investments have delivered pretty close results over the past 10 years, with FFOLX having a 10.44% annualized return and FSMDX not far ahead at 10.52%.
FFOLX
- 1D
- -0.13%
- 1M
- -8.39%
- YTD
- -4.05%
- 6M
- -1.13%
- 1Y
- 16.70%
- 3Y*
- 14.27%
- 5Y*
- 7.79%
- 10Y*
- 10.44%
FSMDX
- 1D
- -0.76%
- 1M
- -7.77%
- YTD
- -1.30%
- 6M
- -1.14%
- 1Y
- 13.02%
- 3Y*
- 12.41%
- 5Y*
- 6.74%
- 10Y*
- 10.52%
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FFOLX vs. FSMDX - Expense Ratio Comparison
FFOLX has a 0.08% expense ratio, which is higher than FSMDX'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%.
Return for Risk
FFOLX vs. FSMDX — Risk / Return Rank
FFOLX
FSMDX
FFOLX vs. FSMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Mid Cap Index Fund (FSMDX). 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.
| FFOLX | FSMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.72 | +0.39 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.13 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.87 | +0.53 |
Martin ratioReturn relative to average drawdown | 6.49 | 4.07 | +2.42 |
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
| FFOLX | FSMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.72 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.37 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.55 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.65 | -0.03 |
Correlation
The correlation between FFOLX and FSMDX is 0.92, 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
FFOLX vs. FSMDX - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 2.15%, more than FSMDX's 1.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 2.15% | 2.06% | 2.04% | 1.98% | 2.08% | 2.03% | 1.97% | 14.93% | 2.30% | 1.94% | 2.05% | 2.02% |
FSMDX Fidelity Mid Cap Index Fund | 1.12% | 1.10% | 2.46% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.21% | 2.17% | 2.23% | 2.84% |
Drawdowns
FFOLX vs. FSMDX - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -30.72%, smaller than the maximum FSMDX drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for FFOLX and FSMDX.
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Drawdown Indicators
| FFOLX | FSMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -40.35% | +9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -13.42% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -26.07% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -40.35% | +9.63% |
Current DrawdownCurrent decline from peak | -8.87% | -8.16% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -5.00% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.86% | -0.54% |
Volatility
FFOLX vs. FSMDX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Mid Cap Index Fund (FSMDX) have volatilities of 4.90% and 4.74%, 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.
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Volatility by Period
| FFOLX | FSMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.74% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 10.17% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 18.96% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 18.23% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 19.28% | -4.19% |