FHARX vs. IVV

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund (FHARX) and iShares Core S&P 500 ETF (IVV).

FHARX is managed by Fidelity. It was launched on Aug 31, 2018. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.

Performance

FHARX vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2040 Fund (FHARX) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

FHARX vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHARX Fidelity Freedom Blend 2040 Fund	-3.09%	21.06%	15.55%	19.98%	-19.04%	16.24%	17.79%	26.54%	-14.70%
IVV iShares Core S&P 500 ETF	-4.38%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-13.00%

Returns By Period

In the year-to-date period, FHARX achieves a -3.09% return, which is significantly higher than IVV's -4.38% return.

FHARX

• 1D: -0.21%
• 1M: -8.21%
• YTD: -3.09%
• 6M: -0.06%
• 1Y: 17.13%
• 3Y*: 14.93%
• 5Y*: 7.80%
• 10Y*: —

IVV

• 1D: 2.88%
• 1M: -4.99%
• YTD: -4.38%
• 6M: -1.80%
• 1Y: 17.69%
• 3Y*: 18.29%
• 5Y*: 11.76%
• 10Y*: 14.02%

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

FHARX vs. IVV - Expense Ratio Comparison

FHARX has a 0.49% expense ratio, which is higher than IVV's 0.03% expense ratio.

FHARX

Fidelity Freedom Blend 2040 Fund

IVV

iShares Core S&P 500 ETF

Return for Risk

FHARX vs. IVV — Risk / Return Rank

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

FHARX

FHARX Risk / Return Rank: 69
FHARX Sharpe Ratio Rank: 68
FHARX Sortino Ratio Rank: 69
FHARX Omega Ratio Rank: 69
FHARX Calmar Ratio Rank: 65
FHARX Martin Ratio Rank: 72

IVV

IVV Risk / Return Rank: 65
IVV Sharpe Ratio Rank: 58
IVV Sortino Ratio Rank: 62
IVV Omega Ratio Rank: 66
IVV Calmar Ratio Rank: 65
IVV Martin Ratio Rank: 75

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.

FHARX vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund (FHARX) and iShares Core S&P 500 ETF (IVV). 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.

	FHARX	IVV	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.97	+0.21
Sortino ratio Return per unit of downside risk	1.70	1.49	+0.21
Omega ratio Gain probability vs. loss probability	1.25	1.23	+0.03
Calmar ratio Return relative to maximum drawdown	1.48	1.53	-0.05
Martin ratio Return relative to average drawdown	6.82	7.32	-0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHARX vs. IVV - Sharpe Ratio Comparison

The current FHARX Sharpe Ratio is 1.18, which is comparable to the IVV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FHARX and IVV, 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

	FHARX	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.97	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.70	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.42	+0.14

Correlation

The correlation between FHARX and IVV is 0.93, 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

FHARX vs. IVV - Dividend Comparison

FHARX's dividend yield for the trailing twelve months is around 2.90%, more than IVV's 1.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHARX Fidelity Freedom Blend 2040 Fund	2.90%	2.81%	4.90%	1.83%	6.18%	8.65%	4.91%	3.40%	0.00%	0.00%	0.00%	0.00%
IVV iShares Core S&P 500 ETF	1.23%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Drawdowns

FHARX vs. IVV - Drawdown Comparison

The maximum FHARX drawdown since its inception was -31.37%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FHARX and IVV.

Drawdown Indicators

	FHARX	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-31.37%	-55.25%	+23.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-12.06%	+1.58%
Max Drawdown (5Y) Largest decline over 5 years	-27.70%	-24.53%	-3.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-8.63%	-6.26%	-2.37%
Average Drawdown Average peak-to-trough decline	-6.18%	-10.85%	+4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.53%	-0.25%

Volatility

FHARX vs. IVV - Volatility Comparison

The current volatility for Fidelity Freedom Blend 2040 Fund (FHARX) is 4.98%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.30%. This indicates that FHARX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHARX	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	5.30%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	9.45%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	18.31%	-3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	16.89%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	18.04%	-1.43%