FITWX vs. SVOL

Last updated Jun 4, 2026

FITWX (Fidelity Advisor Freedom 2025 Fund Class I) and SVOL (Simplify Volatility Premium ETF) are both funds - FITWX is a Target Retirement Date fund managed by Fidelity, while SVOL is a Volatility fund actively managed by Simplify. Over the past 5 years, FITWX returned 5.57%/yr vs 6.70%/yr for SVOL. A 0.67 correlation means they provide meaningful diversification when combined. FITWX charges 0.62%/yr vs 0.50%/yr for SVOL.

Performance

FITWX vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2025 Fund Class I (FITWX) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FITWX achieves a 7.48% return, which is significantly higher than SVOL's -0.40% return.

FITWX

• 1D: 0.35%
• 1M: 2.90%
• YTD: 7.48%
• 6M: 8.22%
• 1Y: 18.13%
• 3Y*: 12.89%
• 5Y*: 5.57%
• 10Y*: 8.10%

SVOL

• 1D: -0.12%
• 1M: 2.98%
• YTD: -0.40%
• 6M: 1.29%
• 1Y: 10.62%
• 3Y*: 6.58%
• 5Y*: 6.70%
• 10Y*: —

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

FITWX vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FITWX Fidelity Advisor Freedom 2025 Fund Class I	7.48%	16.17%	7.91%	13.53%	-16.64%	5.39%
SVOL Simplify Volatility Premium ETF	-0.40%	2.41%	6.77%	22.88%	-3.30%	12.25%

Correlation

The correlation between FITWX and SVOL is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 14, 2021	0.67

The correlation between FITWX and SVOL has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

FITWX vs. SVOL — Risk / Return Rank

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

FITWX

FITWX Risk / Return Rank: 60
FITWX Sharpe Ratio Rank: 59
FITWX Sortino Ratio Rank: 60
FITWX Omega Ratio Rank: 64
FITWX Calmar Ratio Rank: 55
FITWX Martin Ratio Rank: 62

SVOL

SVOL Risk / Return Rank: 18
SVOL Sharpe Ratio Rank: 16
SVOL Sortino Ratio Rank: 16
SVOL Omega Ratio Rank: 18
SVOL Calmar Ratio Rank: 19
SVOL Martin Ratio Rank: 18

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.

FITWX vs. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2025 Fund Class I (FITWX) and Simplify Volatility Premium ETF (SVOL). 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.

	FITWX	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	2.28	0.51	+1.77
Sortino ratio: Return per unit of downside risk	3.27	0.85	+2.42
Omega ratio: Gain probability vs. loss probability	1.45	1.12	+0.33
Calmar ratio: Return relative to maximum drawdown	2.83	0.82	+2.01
Martin ratio: Return relative to average drawdown	12.19	1.94	+10.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FITWX vs. SVOL - Sharpe Ratio Comparison

The current FITWX Sharpe Ratio is 2.28, which is higher than the SVOL Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of FITWX and SVOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FITWX	SVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	0.51	+1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.31	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.35	+0.15

Drawdowns

FITWX vs. SVOL - Drawdown Comparison

The maximum FITWX drawdown since its inception was -49.25%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for FITWX and SVOL.

Drawdown Indicators

	FITWX	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-49.25%	-33.50%	-15.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.46%	-13.01%	+6.55%
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	-33.50%	+24.83%
Max Drawdown (5Y) Largest decline over 5 years	-23.68%	-33.50%	+9.82%
Max Drawdown (10Y) Largest decline over 10 years	-23.68%	—	—
Current Drawdown Current decline from peak	0.00%	-2.98%	+2.98%
Average Drawdown Average peak-to-trough decline	-5.69%	-4.77%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	5.49%	-3.99%

Volatility

FITWX vs. SVOL - Volatility Comparison

Fidelity Advisor Freedom 2025 Fund Class I (FITWX) has a higher volatility of 2.98% compared to Simplify Volatility Premium ETF (SVOL) at 1.41%. This indicates that FITWX's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FITWX	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	1.41%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	6.69%	9.57%	-2.88%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	20.90%	-12.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	21.99%	-12.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.13%	21.92%	-11.79%

FITWX vs. SVOL - Expense Ratio Comparison

FITWX has a 0.62% expense ratio, which is higher than SVOL's 0.50% expense ratio.

Dividends

FITWX vs. SVOL - Dividend Comparison

FITWX's dividend yield for the trailing twelve months is around 7.67%, less than SVOL's 22.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FITWX Fidelity Advisor Freedom 2025 Fund Class I	7.67%	7.67%	2.64%	2.01%	9.01%	9.32%	6.30%	6.62%	9.78%	4.11%	4.64%	5.26%
SVOL Simplify Volatility Premium ETF	22.10%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FITWX and SVOL in my portfolio?

FITWX and SVOL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FITWX or SVOL?

FITWX has higher volatility (2.98%) compared to SVOL (1.41%). In terms of maximum drawdown, FITWX dropped -49.25% vs SVOL's -33.50%.

Which has better risk-adjusted returns?

FITWX currently has the higher Sharpe Ratio (2.28 vs 0.51), 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.