FIOFX vs. SWYHX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Schwab Target 2045 Index Fund (SWYHX).
FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. SWYHX is managed by Charles Schwab. It was launched on Aug 24, 2016.
Performance
FIOFX vs. SWYHX - Performance Comparison
Loading graphics...
FIOFX vs. SWYHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | -4.08% | 21.40% | 14.14% | 19.90% | -18.21% | 15.95% | 16.43% | 25.96% | -7.24% | 20.59% |
SWYHX Schwab Target 2045 Index Fund | -3.59% | 18.65% | 13.72% | 20.34% | -17.37% | 17.04% | 14.50% | 24.80% | -7.28% | 20.07% |
Returns By Period
In the year-to-date period, FIOFX achieves a -4.08% return, which is significantly lower than SWYHX's -3.59% return.
FIOFX
- 1D
- -0.17%
- 1M
- -8.42%
- YTD
- -4.08%
- 6M
- -1.19%
- 1Y
- 16.67%
- 3Y*
- 14.21%
- 5Y*
- 7.75%
- 10Y*
- 10.39%
SWYHX
- 1D
- -0.20%
- 1M
- -7.64%
- YTD
- -3.59%
- 6M
- -0.99%
- 1Y
- 14.96%
- 3Y*
- 13.71%
- 5Y*
- 7.68%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIOFX vs. SWYHX - Expense Ratio Comparison
FIOFX has a 0.12% expense ratio, which is higher than SWYHX's 0.04% 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%.
Return for Risk
FIOFX vs. SWYHX — Risk / Return Rank
FIOFX
SWYHX
FIOFX vs. SWYHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Schwab Target 2045 Index Fund (SWYHX). 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.
| FIOFX | SWYHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.06 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.56 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.33 | +0.06 |
Martin ratioReturn relative to average drawdown | 6.46 | 6.35 | +0.11 |
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 graphics...
Sharpe Ratios by Period
| FIOFX | SWYHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.06 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.55 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.65 | 0.00 |
Correlation
The correlation between FIOFX and SWYHX is 0.98, 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
FIOFX vs. SWYHX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 2.12%, less than SWYHX's 2.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 2.12% | 2.03% | 2.01% | 1.95% | 2.03% | 1.92% | 1.95% | 14.88% | 2.26% | 1.89% | 2.00% | 2.01% |
SWYHX Schwab Target 2045 Index Fund | 2.16% | 2.08% | 2.13% | 2.02% | 1.98% | 1.80% | 1.65% | 1.96% | 2.23% | 1.42% | 1.05% | 0.00% |
Drawdowns
FIOFX vs. SWYHX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -30.72%, roughly equal to the maximum SWYHX drawdown of -29.41%. Use the drawdown chart below to compare losses from any high point for FIOFX and SWYHX.
Loading graphics...
Drawdown Indicators
| FIOFX | SWYHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -29.41% | -1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -10.34% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -24.92% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -8.14% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -4.44% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.16% | +0.16% |
Volatility
FIOFX vs. SWYHX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) has a higher volatility of 4.89% compared to Schwab Target 2045 Index Fund (SWYHX) at 4.41%. This indicates that FIOFX's price experiences larger fluctuations and is considered to be riskier than SWYHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FIOFX | SWYHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 4.41% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 7.88% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 14.37% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 14.00% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 15.05% | +0.03% |