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FNSBX vs. FSKGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
6.35%
20.31%
FNSBX
FSKGX

Returns By Period

In the year-to-date period, FNSBX achieves a 16.63% return, which is significantly lower than FSKGX's 36.60% return.


FNSBX

YTD

16.63%

1M

0.85%

6M

6.35%

1Y

23.63%

5Y (annualized)

5.35%

10Y (annualized)

N/A

FSKGX

YTD

36.60%

1M

12.22%

6M

20.31%

1Y

44.79%

5Y (annualized)

8.94%

10Y (annualized)

N/A

Key characteristics


FNSBXFSKGX
Sharpe Ratio2.082.75
Sortino Ratio2.903.70
Omega Ratio1.371.48
Calmar Ratio1.141.23
Martin Ratio13.0416.42
Ulcer Index1.81%2.73%
Daily Std Dev11.35%16.28%
Max Drawdown-35.44%-49.53%
Current Drawdown-2.02%-7.62%

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FNSBX vs. FSKGX - Expense Ratio Comparison

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


FNSBX
Fidelity Freedom 2050 Fund Class K
Expense ratio chart for FNSBX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for FSKGX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%

Correlation

-0.50.00.51.00.8

The correlation between FNSBX and FSKGX is 0.84, 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.

Risk-Adjusted Performance

FNSBX vs. FSKGX - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for FNSBX, currently valued at 2.08, compared to the broader market-1.000.001.002.003.004.005.002.082.75
The chart of Sortino ratio for FNSBX, currently valued at 2.90, compared to the broader market0.005.0010.002.903.70
The chart of Omega ratio for FNSBX, currently valued at 1.37, compared to the broader market1.002.003.004.001.371.48
The chart of Calmar ratio for FNSBX, currently valued at 1.14, compared to the broader market0.005.0010.0015.0020.001.141.23
The chart of Martin ratio for FNSBX, currently valued at 13.04, compared to the broader market0.0020.0040.0060.0080.00100.0013.0416.42
FNSBX
FSKGX

The current FNSBX Sharpe Ratio is 2.08, which is comparable to the FSKGX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of FNSBX and FSKGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.08
2.75
FNSBX
FSKGX

Dividends

FNSBX vs. FSKGX - Dividend Comparison

FNSBX's dividend yield for the trailing twelve months is around 1.21%, more than FSKGX's 0.24% yield.


TTM2023202220212020201920182017
FNSBX
Fidelity Freedom 2050 Fund Class K
1.21%1.41%2.17%2.32%1.10%1.56%1.74%1.27%
FSKGX
Fidelity Growth Strategies K6 Fund
0.24%0.32%0.27%0.00%0.11%0.50%0.85%0.30%

Drawdowns

FNSBX vs. FSKGX - Drawdown Comparison

The maximum FNSBX drawdown since its inception was -35.44%, smaller than the maximum FSKGX drawdown of -49.53%. Use the drawdown chart below to compare losses from any high point for FNSBX and FSKGX. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.02%
-7.62%
FNSBX
FSKGX

Volatility

FNSBX vs. FSKGX - Volatility Comparison

The current volatility for Fidelity Freedom 2050 Fund Class K (FNSBX) is 3.13%, while Fidelity Growth Strategies K6 Fund (FSKGX) has a volatility of 6.61%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.13%
6.61%
FNSBX
FSKGX