FFSFX vs. QQQ

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Freedom 2065 Fund (FFSFX) and Invesco QQQ ETF (QQQ).

FFSFX is managed by Fidelity. It was launched on Jun 28, 2019. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.

Performance

FFSFX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2065 Fund (FFSFX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

FFSFX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FFSFX Fidelity Freedom 2065 Fund	-3.49%	23.76%	14.01%	20.54%	-18.28%	16.54%	18.08%	9.00%
QQQ Invesco QQQ ETF	-5.93%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	14.33%

Returns By Period

In the year-to-date period, FFSFX achieves a -3.49% return, which is significantly higher than QQQ's -5.93% return.

FFSFX

• 1D: -0.33%
• 1M: -9.19%
• YTD: -3.49%
• 6M: 0.10%
• 1Y: 19.44%
• 3Y*: 15.31%
• 5Y*: 8.13%
• 10Y*: —

QQQ

• 1D: 3.39%
• 1M: -4.84%
• YTD: -5.93%
• 6M: -3.62%
• 1Y: 23.68%
• 3Y*: 22.32%
• 5Y*: 12.88%
• 10Y*: 18.85%

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

FFSFX vs. QQQ - Expense Ratio Comparison

FFSFX has a 0.75% expense ratio, which is higher than QQQ's 0.18% expense ratio.

FFSFX

Fidelity Freedom 2065 Fund

QQQ

Invesco QQQ ETF

Return for Risk

FFSFX vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFSFX

FFSFX Risk / Return Rank: 71
FFSFX Sharpe Ratio Rank: 70
FFSFX Sortino Ratio Rank: 71
FFSFX Omega Ratio Rank: 70
FFSFX Calmar Ratio Rank: 69
FFSFX Martin Ratio Rank: 74

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 63
QQQ Sortino Ratio Rank: 68
QQQ Omega Ratio Rank: 67
QQQ Calmar Ratio Rank: 76
QQQ Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFSFX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2065 Fund (FFSFX) and Invesco QQQ ETF (QQQ). 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.

	FFSFX	QQQ	Difference
Sharpe ratio Return per unit of total volatility	1.21	1.05	+0.16
Sortino ratio Return per unit of downside risk	1.73	1.63	+0.10
Omega ratio Gain probability vs. loss probability	1.26	1.23	+0.02
Calmar ratio Return relative to maximum drawdown	1.55	1.88	-0.32
Martin ratio Return relative to average drawdown	6.96	6.95	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFSFX vs. QQQ - Sharpe Ratio Comparison

The current FFSFX Sharpe Ratio is 1.21, which is comparable to the QQQ Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FFSFX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FFSFX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.05	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.58	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.37	+0.27

Correlation

The correlation between FFSFX and QQQ is 0.83, 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

FFSFX vs. QQQ - Dividend Comparison

FFSFX's dividend yield for the trailing twelve months is around 3.82%, more than QQQ's 0.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFSFX Fidelity Freedom 2065 Fund	3.82%	3.69%	2.29%	2.01%	8.77%	7.81%	2.25%	1.40%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Drawdowns

FFSFX vs. QQQ - Drawdown Comparison

The maximum FFSFX drawdown since its inception was -31.03%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FFSFX and QQQ.

Drawdown Indicators

	FFSFX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-31.03%	-82.97%	+51.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-12.62%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-27.31%	-35.12%	+7.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-9.79%	-8.98%	-0.81%
Average Drawdown Average peak-to-trough decline	-6.02%	-32.99%	+26.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	3.41%	-0.91%

Volatility

FFSFX vs. QQQ - Volatility Comparison

The current volatility for Fidelity Freedom 2065 Fund (FFSFX) is 5.65%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that FFSFX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFSFX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	6.51%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	12.77%	-3.22%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	22.67%	-6.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	22.39%	-7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	22.25%	-5.21%