FNSDX vs. FAELX

Last updated Jun 24, 2026

FNSDX (Fidelity Freedom 2055 Fund Class K) and FAELX (Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund) are both Target Retirement Date funds from Fidelity. Over the past year, FNSDX returned 31.13% vs 20.37% for FAELX. A 0.78 correlation means they provide meaningful diversification when combined. FNSDX charges 0.65%/yr vs 0.50%/yr for FAELX.

Performance

FNSDX vs. FAELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2055 Fund Class K (FNSDX) and Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNSDX achieves a 14.63% return, which is significantly higher than FAELX's 9.40% return.

FNSDX

• 1D: -0.24%
• 1M: 3.07%
• YTD: 14.63%
• 6M: 14.06%
• 1Y: 31.13%
• 3Y*: 20.88%
• 5Y*: 10.69%
• 10Y*: —

FAELX

• 1D: -0.27%
• 1M: 2.27%
• YTD: 9.40%
• 6M: 9.08%
• 1Y: 20.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNSDX vs. FAELX - Yearly Performance Comparison

	2026 (YTD)	2025
FNSDX Fidelity Freedom 2055 Fund Class K	14.63%	23.81%
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	9.40%	17.33%

Correlation

The correlation between FNSDX and FAELX is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.78

The correlation between FNSDX and FAELX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

FNSDX vs. FAELX — Risk / Return Rank

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

FNSDX

FNSDX Risk / Return Rank: 76
FNSDX Sharpe Ratio Rank: 77
FNSDX Sortino Ratio Rank: 72
FNSDX Omega Ratio Rank: 73
FNSDX Calmar Ratio Rank: 77
FNSDX Martin Ratio Rank: 83

FAELX

FAELX Risk / Return Rank: 75
FAELX Sharpe Ratio Rank: 74
FAELX Sortino Ratio Rank: 76
FAELX Omega Ratio Rank: 71
FAELX Calmar Ratio Rank: 74
FAELX Martin Ratio Rank: 79

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.

FNSDX vs. FAELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2055 Fund Class K (FNSDX) and Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX). 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.

	FNSDX	FAELX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.31	+0.04
Sortino ratio: Return per unit of downside risk	3.20	3.35	-0.15
Omega ratio: Gain probability vs. loss probability	1.44	1.43	+0.01
Calmar ratio: Return relative to maximum drawdown	3.32	3.20	+0.11
Martin ratio: Return relative to average drawdown	14.46	13.74	+0.72

FNSDX vs. FAELX - Sharpe Ratio Comparison

The current FNSDX Sharpe Ratio is 2.35, which is comparable to the FAELX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of FNSDX and FAELX, 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

FNSDX vs. FAELX - Drawdown Comparison

The maximum FNSDX drawdown since its inception was -30.95%, which is greater than FAELX's maximum drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for FNSDX and FAELX.

Drawdown Indicators

	FNSDX	FAELX	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-11.54%	-19.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-7.76%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.31%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.27%	+0.03%
Average Drawdown Average peak-to-trough decline	-5.58%	-1.43%	-4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.68%	+0.55%

Volatility

FNSDX vs. FAELX - Volatility Comparison

Fidelity Freedom 2055 Fund Class K (FNSDX) has a higher volatility of 5.71% compared to Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) at 4.39%. This indicates that FNSDX's price experiences larger fluctuations and is considered to be riskier than FAELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSDX	FAELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	4.39%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	9.03%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.78%	10.78%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	13.20%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	13.20%	+2.83%

FNSDX vs. FAELX - Expense Ratio Comparison

FNSDX has a 0.65% expense ratio, which is higher than FAELX's 0.50% expense ratio.

Dividends

FNSDX vs. FAELX - Dividend Comparison

FNSDX's dividend yield for the trailing twelve months is around 4.94%, while FAELX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNSDX Fidelity Freedom 2055 Fund Class K	4.94%	3.87%	2.13%	2.07%	11.45%	11.27%	4.26%	6.31%	6.79%	2.72%

Frequently Asked Questions

Can I hold both FNSDX and FAELX in my portfolio?

FNSDX and FAELX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNSDX or FAELX?

FNSDX has higher volatility (5.71%) compared to FAELX (4.39%). In terms of maximum drawdown, FNSDX dropped -30.95% vs FAELX's -11.54%.

Which has better risk-adjusted returns?

FNSDX currently has the higher Sharpe Ratio (2.35 vs 2.31), 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.