FFOPX vs. FNSBX
FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) and FNSBX (Fidelity Freedom 2050 Fund Class K) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FFOPX returned 9.27%/yr vs 10.01%/yr for FNSBX. Their 0.99 correlation means they have historically moved very closely together. FFOPX charges 0.08%/yr vs 0.65%/yr for FNSBX.
Performance
FFOPX vs. FNSBX - Performance Comparison
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Returns By Period
In the year-to-date period, FFOPX achieves a 10.27% return, which is significantly lower than FNSBX's 11.92% return.
FFOPX
- 1D
- 1.95%
- 1M
- -0.50%
- 6M
- 7.18%
- YTD
- 10.27%
- 1Y
- 21.84%
- 3Y*
- 16.47%
- 5Y*
- 9.27%
- 10Y*
- 11.40%
- ALL TIME*
- 10.48%
FNSBX
- 1D
- 2.28%
- 1M
- -1.13%
- 6M
- 7.85%
- YTD
- 11.92%
- 1Y
- 24.42%
- 3Y*
- 17.89%
- 5Y*
- 10.01%
- 10Y*
- —
- ALL TIME*
- 11.41%
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 |
FFOPX vs. FNSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 10.27% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 7.85% |
FNSBX Fidelity Freedom 2050 Fund Class K | 11.92% | 23.79% | 14.17% | 20.64% | -18.25% | 16.67% | 18.43% | 25.49% | -8.83% | 7.36% |
Correlation
The correlation between FFOPX and FNSBX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.99 |
The correlation between FFOPX and FNSBX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FFOPX vs. FNSBX — Risk / Return Rank
FFOPX
FNSBX
FFOPX vs. FNSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Fidelity Freedom 2050 Fund Class K (FNSBX). 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.
| FFOPX | FNSBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.36 | -0.11 |
| Martin ratioReturn relative to average drawdown | 9.32 | 9.83 | -0.50 |
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Drawdowns
FFOPX vs. FNSBX - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -30.71%, roughly equal to the maximum FNSBX drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for FFOPX and FNSBX.
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Drawdown Indicators
| FFOPX | FNSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -30.88% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.97% | -9.66% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -15.39% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -27.28% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -2.46% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -5.53% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.31% | -0.15% |
Volatility
FFOPX vs. FNSBX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) is 3.76%, while Fidelity Freedom 2050 Fund Class K (FNSBX) has a volatility of 4.37%. This indicates that FFOPX experiences smaller price fluctuations and is considered to be less risky than FNSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFOPX | FNSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 4.37% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 12.22% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 14.26% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 15.26% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 16.01% | -0.85% |
FFOPX vs. FNSBX - Expense Ratio Comparison
FFOPX has a 0.08% expense ratio, which is lower than FNSBX's 0.65% expense ratio.
Dividends
FFOPX vs. FNSBX - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 1.81%, less than FNSBX's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.81% | 2.01% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.32% | 2.09% | 2.14% | 2.01% |
FNSBX Fidelity Freedom 2050 Fund Class K | 5.36% | 4.15% | 2.13% | 1.92% | 11.92% | 11.83% | 4.99% | 6.57% | 7.80% | 2.86% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, FFOPX and FNSBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FNSBX has higher volatility (4.37%) compared to FFOPX (3.76%). In terms of maximum drawdown, FFOPX dropped -30.71% vs FNSBX's -30.88%.
FNSBX currently has the higher Sharpe Ratio (1.60 vs 1.58), 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.
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