FIHFX vs. AVUV

Last updated Jun 18, 2026

FIHFX (Fidelity Freedom Index 2035 Fund Investor Class) and AVUV (Avantis US Small Cap Value ETF) are both funds - FIHFX is a Target Retirement Date fund actively managed by Fidelity, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past 5 years, FIHFX returned 7.45%/yr vs 12.46%/yr for AVUV. A 0.75 correlation means they provide meaningful diversification when combined. FIHFX charges 0.12%/yr vs 0.25%/yr for AVUV.

Performance

FIHFX vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIHFX achieves a 8.46% return, which is significantly lower than AVUV's 19.18% return.

FIHFX

• 1D: -0.28%
• 1M: 2.49%
• YTD: 8.46%
• 6M: 10.02%
• 1Y: 20.51%
• 3Y*: 14.40%
• 5Y*: 7.45%
• 10Y*: 10.50%

AVUV

• 1D: -1.33%
• 1M: 2.37%
• YTD: 19.18%
• 6M: 17.38%
• 1Y: 37.67%
• 3Y*: 18.44%
• 5Y*: 12.46%
• 10Y*: —

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

FIHFX vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIHFX Fidelity Freedom Index 2035 Fund Investor Class	8.46%	17.32%	11.22%	17.25%	-17.49%	13.73%	15.54%	7.06%
AVUV Avantis US Small Cap Value ETF	19.18%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%

Correlation

The correlation between FIHFX and AVUV is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.75

The correlation between FIHFX and AVUV has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.

Return for Risk

FIHFX vs. AVUV — Risk / Return Rank

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

FIHFX

FIHFX Risk / Return Rank: 61
FIHFX Sharpe Ratio Rank: 60
FIHFX Sortino Ratio Rank: 60
FIHFX Omega Ratio Rank: 61
FIHFX Calmar Ratio Rank: 59
FIHFX Martin Ratio Rank: 66

AVUV

AVUV Risk / Return Rank: 76
AVUV Sharpe Ratio Rank: 72
AVUV Sortino Ratio Rank: 75
AVUV Omega Ratio Rank: 67
AVUV Calmar Ratio Rank: 88
AVUV Martin Ratio Rank: 79

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.

FIHFX vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Avantis US Small Cap Value ETF (AVUV). 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.

	FIHFX	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.15	-0.01
Sortino ratio: Return per unit of downside risk	3.01	3.08	-0.07
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	2.86	4.76	-1.90
Martin ratio: Return relative to average drawdown	12.23	14.14	-1.91

FIHFX vs. AVUV - Sharpe Ratio Comparison

The current FIHFX Sharpe Ratio is 2.14, which is comparable to the AVUV Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of FIHFX and AVUV, 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

FIHFX vs. AVUV - Drawdown Comparison

The maximum FIHFX drawdown since its inception was -28.42%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for FIHFX and AVUV.

Drawdown Indicators

	FIHFX	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-28.42%	-49.42%	+21.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-7.95%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-10.98%	-28.79%	+17.81%
Max Drawdown (5Y) Largest decline over 5 years	-24.84%	-28.79%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	-28.42%	—	—
Current Drawdown Current decline from peak	-0.48%	-2.89%	+2.41%
Average Drawdown Average peak-to-trough decline	-3.98%	-7.90%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.67%	-1.04%

Volatility

FIHFX vs. AVUV - Volatility Comparison

The current volatility for Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) is 3.75%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.67%. This indicates that FIHFX experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIHFX	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	4.67%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	11.42%	-3.64%
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	17.64%	-8.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.99%	22.71%	-10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.40%	28.24%	-14.84%

FIHFX vs. AVUV - Expense Ratio Comparison

FIHFX has a 0.12% expense ratio, which is lower than AVUV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FIHFX vs. AVUV - Dividend Comparison

FIHFX's dividend yield for the trailing twelve months is around 2.57%, more than AVUV's 1.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.65%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
FIHFX Fidelity Freedom Index 2035 Fund Investor Class	2.57%	2.77%	2.50%	2.10%	2.14%	1.93%	2.15%	16.14%	2.21%	1.81%	1.95%	2.03%

Frequently Asked Questions

Can I hold both FIHFX and AVUV in my portfolio?

FIHFX and AVUV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIHFX or AVUV?

AVUV has higher volatility (4.67%) compared to FIHFX (3.75%). In terms of maximum drawdown, FIHFX dropped -28.42% vs AVUV's -49.42%.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.15 vs 2.14), 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.