FNSFX vs. FSKAX

Last updated Aug 1, 2026

FNSFX (Fidelity Freedom 2060 Fund Class K) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FNSFX is a Target Retirement Date fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FNSFX returned 10.06%/yr vs 11.63%/yr for FSKAX. Their correlation of 0.94 means they have usually moved in the same direction. FNSFX charges 0.65%/yr vs 0.01%/yr for FSKAX.

Performance

FNSFX vs. FSKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2060 Fund Class K (FNSFX) and Fidelity Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNSFX achieves a 12.12% return, which is significantly higher than FSKAX's 9.87% return.

FNSFX

• 1D: 2.30%
• 1M: -1.16%
• 6M: 7.99%
• YTD: 12.12%
• 1Y: 24.67%
• 3Y*: 17.95%
• 5Y*: 10.06%
• 10Y*: —
• ALL TIME*: 11.43%

FSKAX

• 1D: 1.63%
• 1M: -0.80%
• 6M: 8.19%
• YTD: 9.87%
• 1Y: 20.99%
• 3Y*: 18.61%
• 5Y*: 11.63%
• 10Y*: 14.44%
• ALL TIME*: 14.45%

*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)
FNSFX Fidelity Freedom 2060 Fund Class K	$0.00	$0.00	$0.00
FSKAX Fidelity Total Market Index Fund	$0.00	$0.00	$0.00

FNSFX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNSFX Fidelity Freedom 2060 Fund Class K	12.12%	23.84%	14.14%	20.59%	-18.20%	16.68%	18.40%	25.44%	-8.82%	7.37%
FSKAX Fidelity Total Market Index Fund	9.87%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-5.32%	9.04%

Correlation

The correlation between FNSFX and FSKAX is 0.95, 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.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017	0.94

The correlation between FNSFX and FSKAX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FNSFX vs. FSKAX — Risk / Return Rank

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

FNSFX

FNSFX Risk / Return Rank: 72
FNSFX Sharpe Ratio Rank: 69
FNSFX Sortino Ratio Rank: 67
FNSFX Omega Ratio Rank: 68
FNSFX Calmar Ratio Rank: 74
FNSFX Martin Ratio Rank: 82

FSKAX

FSKAX Risk / Return Rank: 63
FSKAX Sharpe Ratio Rank: 59
FSKAX Sortino Ratio Rank: 57
FSKAX Omega Ratio Rank: 56
FSKAX Calmar Ratio Rank: 66
FSKAX Martin Ratio Rank: 77

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.

FNSFX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K (FNSFX) and Fidelity Total Market Index Fund (FSKAX). 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	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.41	+0.19
Sortino ratio: Return per unit of downside risk	2.25	1.98	+0.27
Omega ratio: Gain probability vs. loss probability	1.29	1.25	+0.04
Calmar ratio: Return relative to maximum drawdown	2.36	2.09	+0.28
Martin ratio: Return relative to average drawdown	9.88	8.96	+0.92

FNSFX vs. FSKAX - Sharpe Ratio Comparison

The current FNSFX Sharpe Ratio is 1.60, which is comparable to the FSKAX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of FNSFX and FSKAX, 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

FNSFX vs. FSKAX - Drawdown Comparison

The maximum FNSFX drawdown since its inception was -30.92%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FNSFX and FSKAX.

Drawdown Indicators

	FNSFX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-30.92%	-35.01%	+4.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-8.92%	-0.84%
Max Drawdown (3Y) Largest decline over 3 years	-15.41%	-19.43%	+4.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.31%	-25.39%	-1.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.01%	—
Current Drawdown Current decline from peak	-2.45%	-1.97%	-0.48%
Average Drawdown Average peak-to-trough decline	-5.53%	-3.99%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	2.08%	+0.25%

Volatility

FNSFX vs. FSKAX - Volatility Comparison

Fidelity Freedom 2060 Fund Class K (FNSFX) has a higher volatility of 4.38% compared to Fidelity Total Market Index Fund (FSKAX) at 3.43%. This indicates that FNSFX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSFX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.43%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	12.43%	10.33%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	13.21%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	17.52%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	18.45%	-2.44%

FNSFX vs. FSKAX - Expense Ratio Comparison

FNSFX has a 0.65% expense ratio, which is higher than FSKAX's 0.02% expense ratio.

Dividends

FNSFX vs. FSKAX - Dividend Comparison

FNSFX's dividend yield for the trailing twelve months is around 4.97%, more than FSKAX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNSFX Fidelity Freedom 2060 Fund Class K	4.97%	3.70%	2.32%	2.13%	10.66%	10.24%	3.89%	5.99%	5.94%	2.45%	0.00%	0.00%
FSKAX Fidelity Total Market Index Fund	0.95%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both FNSFX and FSKAX in my portfolio?

With a correlation of 0.95, FNSFX and FSKAX 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.

Which is riskier, FNSFX or FSKAX?

FNSFX has higher volatility (4.38%) compared to FSKAX (3.43%). In terms of maximum drawdown, FNSFX dropped -30.92% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FNSFX currently has the higher Sharpe Ratio (1.60 vs 1.41), 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.