FIDKX vs. FNSBX

Last updated Jun 24, 2026

FIDKX (Fidelity International Discovery Fund Class K) and FNSBX (Fidelity Freedom 2050 Fund Class K) are both mutual funds - FIDKX is a Foreign Large Cap Equities fund managed by Fidelity, while FNSBX is a Target Retirement Date fund managed by Fidelity. Over the past 5 years, FIDKX returned 7.52%/yr vs 10.63%/yr for FNSBX. Their correlation of 0.91 suggests significant overlap in exposure. FIDKX charges 0.90%/yr vs 0.65%/yr for FNSBX.

Performance

FIDKX vs. FNSBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Discovery Fund Class K (FIDKX) and Fidelity Freedom 2050 Fund Class K (FNSBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FIDKX having a 14.87% return and FNSBX slightly lower at 14.42%.

FIDKX

• 1D: 0.40%
• 1M: 4.34%
• YTD: 14.87%
• 6M: 15.03%
• 1Y: 27.08%
• 3Y*: 19.56%
• 5Y*: 7.52%
• 10Y*: 10.45%

FNSBX

• 1D: -0.28%
• 1M: 3.00%
• YTD: 14.42%
• 6M: 13.84%
• 1Y: 30.90%
• 3Y*: 20.78%
• 5Y*: 10.63%
• 10Y*: —

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

FIDKX vs. FNSBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDKX Fidelity International Discovery Fund Class K	14.87%	27.70%	11.03%	14.30%	-24.73%	11.18%	21.55%	27.66%	-17.06%	7.46%
FNSBX Fidelity Freedom 2050 Fund Class K	14.42%	23.79%	14.17%	20.64%	-18.25%	16.67%	18.43%	25.49%	-8.83%	7.36%

Correlation

The correlation between FIDKX and FNSBX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017	0.91

The correlation between FIDKX and FNSBX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

FIDKX vs. FNSBX — Risk / Return Rank

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

FIDKX

FIDKX Risk / Return Rank: 35
FIDKX Sharpe Ratio Rank: 34
FIDKX Sortino Ratio Rank: 32
FIDKX Omega Ratio Rank: 32
FIDKX Calmar Ratio Rank: 36
FIDKX Martin Ratio Rank: 40

FNSBX

FNSBX Risk / Return Rank: 77
FNSBX Sharpe Ratio Rank: 78
FNSBX Sortino Ratio Rank: 73
FNSBX Omega Ratio Rank: 74
FNSBX Calmar Ratio Rank: 78
FNSBX Martin Ratio Rank: 84

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.

FIDKX vs. FNSBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery Fund Class K (FIDKX) 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.

	FIDKX	FNSBX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.37	-0.81
Sortino ratio: Return per unit of downside risk	2.20	3.23	-1.03
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	2.15	3.32	-1.17
Martin ratio: Return relative to average drawdown	8.16	14.48	-6.31

FIDKX vs. FNSBX - Sharpe Ratio Comparison

The current FIDKX Sharpe Ratio is 1.55, which is lower than the FNSBX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FIDKX and FNSBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIDKX vs. FNSBX - Drawdown Comparison

The maximum FIDKX drawdown since its inception was -56.79%, which is greater than FNSBX's maximum drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for FIDKX and FNSBX.

Drawdown Indicators

	FIDKX	FNSBX	Difference
Max Drawdown Largest peak-to-trough decline	-56.79%	-30.88%	-25.91%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-9.66%	-3.42%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	-15.39%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-36.47%	-27.28%	-9.19%
Max Drawdown (10Y) Largest decline over 10 years	-36.47%	—	—
Current Drawdown Current decline from peak	0.00%	-0.28%	+0.28%
Average Drawdown Average peak-to-trough decline	-13.42%	-5.57%	-7.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	2.21%	+1.22%

Volatility

FIDKX vs. FNSBX - Volatility Comparison

Fidelity International Discovery Fund Class K (FIDKX) has a higher volatility of 6.45% compared to Fidelity Freedom 2050 Fund Class K (FNSBX) at 5.58%. This indicates that FIDKX's price experiences larger fluctuations and is considered to be riskier than FNSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDKX	FNSBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	5.58%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	15.49%	11.52%	+3.97%
Volatility (1Y) Calculated over the trailing 1-year period	18.16%	13.60%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	15.18%	+2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	16.01%	+1.04%

FIDKX vs. FNSBX - Expense Ratio Comparison

FIDKX has a 0.90% expense ratio, which is higher than FNSBX's 0.65% expense ratio.

Dividends

FIDKX vs. FNSBX - Dividend Comparison

FIDKX's dividend yield for the trailing twelve months is around 6.09%, more than FNSBX's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDKX Fidelity International Discovery Fund Class K	6.09%	7.00%	3.01%	2.02%	0.47%	11.39%	3.78%	2.43%	4.00%	4.02%	1.96%	0.01%
FNSBX Fidelity Freedom 2050 Fund Class K	5.24%	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

Can I hold both FIDKX and FNSBX in my portfolio?

With a correlation of 0.93, FIDKX 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.

Which is riskier, FIDKX or FNSBX?

FIDKX has higher volatility (6.45%) compared to FNSBX (5.58%). In terms of maximum drawdown, FIDKX dropped -56.79% vs FNSBX's -30.88%.

Which has better risk-adjusted returns?

FNSBX currently has the higher Sharpe Ratio (2.37 vs 1.55), 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.