FNSHX vs. FBAKX
Compare and contrast key facts about Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Balanced Fund Class K (FBAKX).
FNSHX is managed by Fidelity. It was launched on Jul 20, 2017. FBAKX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
FNSHX vs. FBAKX - Performance Comparison
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FNSHX vs. FBAKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNSHX Fidelity Freedom Income Fund Class K | -0.53% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
FBAKX Fidelity Balanced Fund Class K | -3.70% | 15.19% | 16.17% | 20.40% | -18.22% | 18.40% | 22.51% | 24.50% | -3.89% | 5.33% |
Returns By Period
In the year-to-date period, FNSHX achieves a -0.53% return, which is significantly higher than FBAKX's -3.70% return.
FNSHX
- 1D
- 0.18%
- 1M
- -3.51%
- YTD
- -0.53%
- 6M
- 0.90%
- 1Y
- 7.47%
- 3Y*
- 6.18%
- 5Y*
- 2.64%
- 10Y*
- —
FBAKX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.90%
- 1Y
- 14.05%
- 3Y*
- 12.99%
- 5Y*
- 7.52%
- 10Y*
- 10.60%
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FNSHX vs. FBAKX - Expense Ratio Comparison
FNSHX has a 0.42% expense ratio, which is lower than FBAKX's 0.45% expense ratio.
Return for Risk
FNSHX vs. FBAKX — Risk / Return Rank
FNSHX
FBAKX
FNSHX vs. FBAKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Balanced Fund Class K (FBAKX). 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.
| FNSHX | FBAKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.24 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.79 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.59 | +0.44 |
Martin ratioReturn relative to average drawdown | 8.53 | 7.42 | +1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNSHX | FBAKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.24 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.62 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.63 | +0.10 |
Correlation
The correlation between FNSHX and FBAKX is 0.71, 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.
Dividends
FNSHX vs. FBAKX - Dividend Comparison
FNSHX's dividend yield for the trailing twelve months is around 3.29%, less than FBAKX's 5.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSHX Fidelity Freedom Income Fund Class K | 3.29% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
FBAKX Fidelity Balanced Fund Class K | 5.94% | 5.72% | 5.74% | 2.35% | 8.15% | 9.74% | 5.97% | 4.31% | 11.09% | 7.98% | 3.16% | 7.79% |
Drawdowns
FNSHX vs. FBAKX - Drawdown Comparison
The maximum FNSHX drawdown since its inception was -15.87%, smaller than the maximum FBAKX drawdown of -41.40%. Use the drawdown chart below to compare losses from any high point for FNSHX and FBAKX.
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Drawdown Indicators
| FNSHX | FBAKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -41.40% | +25.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -8.12% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -22.84% | +6.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.68% | — |
Current DrawdownCurrent decline from peak | -3.51% | -6.47% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -5.18% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.74% | -0.86% |
Volatility
FNSHX vs. FBAKX - Volatility Comparison
The current volatility for Fidelity Freedom Income Fund Class K (FNSHX) is 2.17%, while Fidelity Balanced Fund Class K (FBAKX) has a volatility of 3.48%. This indicates that FNSHX experiences smaller price fluctuations and is considered to be less risky than FBAKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNSHX | FBAKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 3.48% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 6.47% | -3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 11.79% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 12.16% | -6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 12.73% | -7.93% |