FIHFX vs. FSKAX
FIHFX (Fidelity Freedom Index 2035 Fund Investor Class) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FIHFX is a Target Retirement Date fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FIHFX returned 10.38%/yr vs 15.09%/yr for FSKAX. With a 0.96 correlation, they move nearly in lockstep. FIHFX charges 0.12%/yr vs 0.01%/yr for FSKAX.
Performance
FIHFX vs. FSKAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIHFX achieves a 8.99% return, which is significantly lower than FSKAX's 12.08% return. Over the past 10 years, FIHFX has underperformed FSKAX with an annualized return of 10.38%, while FSKAX has yielded a comparatively higher 15.09% annualized return.
FIHFX
- 1D
- 0.31%
- 1M
- 4.06%
- YTD
- 8.99%
- 6M
- 9.57%
- 1Y
- 21.64%
- 3Y*
- 15.48%
- 5Y*
- 7.67%
- 10Y*
- 10.38%
FSKAX
- 1D
- 0.24%
- 1M
- 5.80%
- YTD
- 12.08%
- 6M
- 11.98%
- 1Y
- 29.13%
- 3Y*
- 22.42%
- 5Y*
- 13.08%
- 10Y*
- 15.09%
FIHFX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 8.99% | 17.32% | 11.22% | 17.25% | -17.49% | 13.73% | 15.54% | 24.87% | -6.77% | 20.35% |
FSKAX Fidelity Total Market Index Fund | 12.08% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Correlation
The correlation between FIHFX and FSKAX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.96 |
The correlation between FIHFX and FSKAX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIHFX vs. FSKAX — Risk / Return Rank
FIHFX
FSKAX
FIHFX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FIHFX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.38 | -0.25 |
| Martin ratioReturn relative to average drawdown | 13.69 | 15.52 | -1.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FIHFX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.46 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.76 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.82 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.85 | -0.14 |
Drawdowns
FIHFX vs. FSKAX - Drawdown Comparison
The maximum FIHFX drawdown since its inception was -28.42%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FIHFX and FSKAX.
Loading charts...
Drawdown Indicators
| FIHFX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -35.01% | +6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -8.92% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -10.98% | -19.43% | +8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.84% | -25.39% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | -35.01% | +6.59% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.02% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.94% | -0.34% |
Volatility
FIHFX vs. FSKAX - Volatility Comparison
Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Total Market Index Fund (FSKAX) have volatilities of 2.87% and 2.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIHFX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.97% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 9.23% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 12.26% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 17.41% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.37% | 18.46% | -5.09% |
FIHFX vs. FSKAX - Expense Ratio Comparison
FIHFX has a 0.12% expense ratio, which is higher than FSKAX's 0.02% expense ratio. However, 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. FSKAX - Dividend Comparison
FIHFX's dividend yield for the trailing twelve months is around 2.56%, more than FSKAX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 2.56% | 2.77% | 2.50% | 2.10% | 2.14% | 1.93% | 2.15% | 16.14% | 2.21% | 1.81% | 1.95% | 2.03% |
FSKAX Fidelity Total Market Index Fund | 0.93% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Frequently Asked Questions
With a correlation of 0.94, FIHFX and FSKAX 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.
FSKAX has higher volatility (2.97%) compared to FIHFX (2.87%). In terms of maximum drawdown, FIHFX dropped -28.42% vs FSKAX's -35.01%.
FIHFX currently has the higher Sharpe Ratio (2.49 vs 2.46), 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.
Find the right allocation for FIHFX and FSKAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer