FNSBX vs. FSKGX

Last updated Aug 1, 2026

FNSBX (Fidelity Freedom 2050 Fund Class K) and FSKGX (Fidelity Growth Strategies K6 Fund) are both mutual funds - FNSBX is a Target Retirement Date fund managed by Fidelity, while FSKGX is a Mid Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FNSBX returned 10.01%/yr vs 4.80%/yr for FSKGX. Their correlation of 0.85 means they have usually moved in the same direction. FNSBX charges 0.65%/yr vs 0.45%/yr for FSKGX.

Performance

FNSBX vs. FSKGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2050 Fund Class K (FNSBX) and Fidelity Growth Strategies K6 Fund (FSKGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNSBX achieves a 11.92% return, which is significantly higher than FSKGX's 3.88% return.

FNSBX

• 1D: 2.28%
• 1M: -1.13%
• 6M: 7.85%
• YTD: 11.92%
• 1Y: 24.42%
• 3Y*: 17.89%
• 5Y*: 10.01%
• 10Y*: —
• ALL TIME*: 11.41%

FSKGX

• 1D: 3.40%
• 1M: -6.61%
• 6M: 3.78%
• YTD: 3.88%
• 1Y: -0.69%
• 3Y*: 11.50%
• 5Y*: 4.80%
• 10Y*: —
• ALL TIME*: 11.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNSBX Fidelity Freedom 2050 Fund Class K	$0.00	$0.00	$0.00
FSKGX Fidelity Growth Strategies K6 Fund	$0.00	$0.00	$0.00

FNSBX vs. FSKGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNSBX Fidelity Freedom 2050 Fund Class K	11.92%	23.79%	14.17%	20.64%	-18.25%	16.67%	18.43%	25.49%	-8.83%	7.36%
FSKGX Fidelity Growth Strategies K6 Fund	3.88%	7.82%	20.04%	21.58%	-26.20%	21.62%	29.50%	36.90%	-6.89%	8.26%

Correlation

The correlation between FNSBX and FSKGX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017	0.85

The correlation between FNSBX and FSKGX has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

FNSBX vs. FSKGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNSBX

FNSBX Risk / Return Rank: 72
FNSBX Sharpe Ratio Rank: 70
FNSBX Sortino Ratio Rank: 67
FNSBX Omega Ratio Rank: 68
FNSBX Calmar Ratio Rank: 74
FNSBX Martin Ratio Rank: 81

FSKGX

FSKGX Risk / Return Rank: 3
FSKGX Sharpe Ratio Rank: 4
FSKGX Sortino Ratio Rank: 4
FSKGX Omega Ratio Rank: 4
FSKGX Calmar Ratio Rank: 3
FSKGX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNSBX vs. FSKGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2050 Fund Class K (FNSBX) and Fidelity Growth Strategies K6 Fund (FSKGX). 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.

	FNSBX	FSKGX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	-0.13	+1.72
Sortino ratio: Return per unit of downside risk	2.25	-0.02	+2.27
Omega ratio: Gain probability vs. loss probability	1.29	1.00	+0.29
Calmar ratio: Return relative to maximum drawdown	2.36	-0.17	+2.53
Martin ratio: Return relative to average drawdown	9.83	-0.47	+10.30

FNSBX vs. FSKGX - Sharpe Ratio Comparison

The current FNSBX Sharpe Ratio is 1.60, which is higher than the FSKGX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of FNSBX and FSKGX, 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

FNSBX vs. FSKGX - Drawdown Comparison

The maximum FNSBX drawdown since its inception was -30.88%, smaller than the maximum FSKGX drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for FNSBX and FSKGX.

Drawdown Indicators

	FNSBX	FSKGX	Difference
Max Drawdown Largest peak-to-trough decline	-30.88%	-36.51%	+5.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-16.39%	+6.73%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	-29.47%	+14.08%
Max Drawdown (5Y) Largest decline over 5 years	-27.28%	-36.51%	+9.23%
Current Drawdown Current decline from peak	-2.46%	-10.53%	+8.07%
Average Drawdown Average peak-to-trough decline	-5.53%	-8.88%	+3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	5.95%	-3.64%

Volatility

FNSBX vs. FSKGX - Volatility Comparison

The current volatility for Fidelity Freedom 2050 Fund Class K (FNSBX) is 4.37%, while Fidelity Growth Strategies K6 Fund (FSKGX) has a volatility of 7.86%. This indicates that FNSBX experiences smaller price fluctuations and is considered to be less risky than FSKGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSBX	FSKGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	7.86%	-3.49%
Volatility (6M) Calculated over the trailing 6-month period	12.22%	18.41%	-6.19%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	22.67%	-8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.26%	23.45%	-8.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	22.90%	-6.89%

FNSBX vs. FSKGX - Expense Ratio Comparison

FNSBX has a 0.65% expense ratio, which is higher than FSKGX's 0.45% expense ratio.

Dividends

FNSBX vs. FSKGX - Dividend Comparison

FNSBX's dividend yield for the trailing twelve months is around 5.36%, while FSKGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNSBX Fidelity Freedom 2050 Fund Class K	5.36%	4.15%	2.13%	1.92%	11.92%	11.83%	4.99%	6.57%	7.80%	2.86%
FSKGX Fidelity Growth Strategies K6 Fund	0.00%	0.00%	0.00%	1.37%	0.27%	26.04%	2.53%	0.50%	0.85%	0.30%

Frequently Asked Questions

Can I hold both FNSBX and FSKGX in my portfolio?

FNSBX and FSKGX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNSBX or FSKGX?

FSKGX has higher volatility (7.86%) compared to FNSBX (4.37%). In terms of maximum drawdown, FNSBX dropped -30.88% vs FSKGX's -36.51%.

Which has better risk-adjusted returns?

FNSBX currently has the higher Sharpe Ratio (1.60 vs -0.12), 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.