FFTWX vs. FTBD

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom 2025 Fund (FFTWX) and Fidelity Tactical Bond ETF (FTBD).

FFTWX is managed by Fidelity. It was launched on Nov 6, 2003. FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023.

Performance

FFTWX vs. FTBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2025 Fund (FFTWX) and Fidelity Tactical Bond ETF (FTBD). The values are adjusted to include any dividend payments, if applicable.

FFTWX vs. FTBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FFTWX Fidelity Freedom 2025 Fund	-0.07%	16.46%	8.20%	7.07%
FTBD Fidelity Tactical Bond ETF	0.43%	8.35%	1.77%	3.73%

Returns By Period

In the year-to-date period, FFTWX achieves a -0.07% return, which is significantly lower than FTBD's 0.43% return.

FFTWX

• 1D: 1.78%
• 1M: -3.93%
• YTD: -0.07%
• 6M: 2.02%
• 1Y: 14.29%
• 3Y*: 10.80%
• 5Y*: 4.93%
• 10Y*: 7.70%

FTBD

• 1D: 0.13%
• 1M: -1.29%
• YTD: 0.43%
• 6M: 1.07%
• 1Y: 5.47%
• 3Y*: 4.67%
• 5Y*: —
• 10Y*: —

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

FFTWX vs. FTBD - Expense Ratio Comparison

FFTWX has a 0.62% expense ratio, which is higher than FTBD's 0.55% expense ratio.

FFTWX

Fidelity Freedom 2025 Fund

FTBD

Fidelity Tactical Bond ETF

Return for Risk

FFTWX vs. FTBD — Risk / Return Rank

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

FFTWX

FFTWX Risk / Return Rank: 81
FFTWX Sharpe Ratio Rank: 80
FFTWX Sortino Ratio Rank: 81
FFTWX Omega Ratio Rank: 79
FFTWX Calmar Ratio Rank: 82
FFTWX Martin Ratio Rank: 84

FTBD

FTBD Risk / Return Rank: 63
FTBD Sharpe Ratio Rank: 65
FTBD Sortino Ratio Rank: 64
FTBD Omega Ratio Rank: 52
FTBD Calmar Ratio Rank: 72
FTBD Martin Ratio Rank: 62

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.

FFTWX vs. FTBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2025 Fund (FFTWX) and Fidelity Tactical Bond ETF (FTBD). 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.

	FFTWX	FTBD	Difference
Sharpe ratio Return per unit of total volatility	1.50	1.18	+0.32
Sortino ratio Return per unit of downside risk	2.12	1.69	+0.43
Omega ratio Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	2.06	1.97	+0.09
Martin ratio Return relative to average drawdown	8.79	6.62	+2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFTWX vs. FTBD - Sharpe Ratio Comparison

The current FFTWX Sharpe Ratio is 1.50, which is comparable to the FTBD Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FFTWX and FTBD, 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

	FFTWX	FTBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.18	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.75	-0.25

Correlation

The correlation between FFTWX and FTBD is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FFTWX vs. FTBD - Dividend Comparison

FFTWX's dividend yield for the trailing twelve months is around 6.44%, more than FTBD's 5.07% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFTWX Fidelity Freedom 2025 Fund	6.44%	6.44%	3.74%	2.08%	9.66%	10.38%	5.75%	6.09%	6.39%	3.04%	3.91%	5.60%
FTBD Fidelity Tactical Bond ETF	5.07%	5.04%	4.76%	4.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FFTWX vs. FTBD - Drawdown Comparison

The maximum FFTWX drawdown since its inception was -47.51%, which is greater than FTBD's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for FFTWX and FTBD.

Drawdown Indicators

	FFTWX	FTBD	Difference
Max Drawdown Largest peak-to-trough decline	-47.51%	-6.98%	-40.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-2.98%	-4.19%
Max Drawdown (5Y) Largest decline over 5 years	-23.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.66%	—	—
Current Drawdown Current decline from peak	-4.61%	-1.70%	-2.91%
Average Drawdown Average peak-to-trough decline	-5.61%	-1.59%	-4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	0.89%	+0.79%

Volatility

FFTWX vs. FTBD - Volatility Comparison

Fidelity Freedom 2025 Fund (FFTWX) has a higher volatility of 4.25% compared to Fidelity Tactical Bond ETF (FTBD) at 2.17%. This indicates that FFTWX's price experiences larger fluctuations and is considered to be riskier than FTBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFTWX	FTBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	2.17%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	6.09%	2.99%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.85%	4.66%	+5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.87%	5.94%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.05%	5.94%	+4.11%