FNSFX vs. FFOLX
FNSFX (Fidelity Freedom 2060 Fund Class K) and FFOLX (Fidelity Freedom Index 2045 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FNSFX returned 10.68%/yr vs 9.81%/yr for FFOLX. With a 0.99 correlation, they move nearly in lockstep. FNSFX charges 0.65%/yr vs 0.08%/yr for FFOLX.
Performance
FNSFX vs. FFOLX - Performance Comparison
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Returns By Period
In the year-to-date period, FNSFX achieves a 14.64% return, which is significantly higher than FFOLX's 11.53% return.
FNSFX
- 1D
- -0.26%
- 1M
- 3.02%
- YTD
- 14.64%
- 6M
- 14.10%
- 1Y
- 31.21%
- 3Y*
- 20.88%
- 5Y*
- 10.68%
- 10Y*
- —
FFOLX
- 1D
- -0.17%
- 1M
- 1.75%
- YTD
- 11.53%
- 6M
- 10.93%
- 1Y
- 26.40%
- 3Y*
- 18.89%
- 5Y*
- 9.81%
- 10Y*
- 12.21%
FNSFX vs. FFOLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNSFX Fidelity Freedom 2060 Fund Class K | 14.64% | 23.84% | 14.14% | 20.59% | -18.20% | 16.68% | 18.40% | 25.44% | -8.82% | 7.37% |
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 11.53% | 21.44% | 14.19% | 19.95% | -18.18% | 15.98% | 16.51% | 26.01% | -7.20% | 7.82% |
Correlation
The correlation between FNSFX and FFOLX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.99 |
The correlation between FNSFX and FFOLX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FNSFX vs. FFOLX — Risk / Return Rank
FNSFX
FFOLX
FNSFX vs. FFOLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K (FNSFX) and Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX). 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.
| FNSFX | FFOLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.10 | +0.22 |
| Martin ratioReturn relative to average drawdown | 14.52 | 13.34 | +1.18 |
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Drawdowns
FNSFX vs. FFOLX - Drawdown Comparison
The maximum FNSFX drawdown since its inception was -30.92%, roughly equal to the maximum FFOLX drawdown of -30.72%. Use the drawdown chart below to compare losses from any high point for FNSFX and FFOLX.
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Drawdown Indicators
| FNSFX | FFOLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.92% | -30.72% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -8.87% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.41% | -14.71% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -27.31% | -26.18% | -1.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.72% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.64% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -4.65% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.06% | +0.17% |
Volatility
FNSFX vs. FFOLX - Volatility Comparison
Fidelity Freedom 2060 Fund Class K (FNSFX) has a higher volatility of 5.73% compared to Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) at 4.90%. This indicates that FNSFX's price experiences larger fluctuations and is considered to be riskier than FFOLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNSFX | FFOLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 4.90% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 10.13% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 12.20% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 14.49% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 15.21% | +0.81% |
FNSFX vs. FFOLX - Expense Ratio Comparison
FNSFX has a 0.65% expense ratio, which is higher than FFOLX's 0.08% expense ratio.
Dividends
FNSFX vs. FFOLX - Dividend Comparison
FNSFX's dividend yield for the trailing twelve months is around 4.86%, more than FFOLX's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 1.94% | 2.06% | 2.04% | 1.98% | 2.08% | 2.03% | 1.97% | 14.93% | 2.30% | 1.94% | 2.05% | 2.02% |
FNSFX Fidelity Freedom 2060 Fund Class K | 4.86% | 3.70% | 2.32% | 2.13% | 10.66% | 10.24% | 3.89% | 5.99% | 5.94% | 2.45% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, FNSFX and FFOLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FNSFX has higher volatility (5.73%) compared to FFOLX (4.90%). In terms of maximum drawdown, FNSFX dropped -30.92% vs FFOLX's -30.72%.
FNSFX currently has the higher Sharpe Ratio (2.36 vs 2.26), 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.
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