FNSHX vs. FXNAX
FNSHX (Fidelity Freedom Income Fund Class K) and FXNAX (Fidelity U.S. Bond Index Fund) are both mutual funds - FNSHX is a Target Retirement Date fund managed by Fidelity, while FXNAX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 5 years, FNSHX returned 3.24%/yr vs -0.05%/yr for FXNAX. A 0.59 correlation means they provide meaningful diversification when combined. FNSHX charges 0.42%/yr vs 0.03%/yr for FXNAX.
Performance
FNSHX vs. FXNAX - Performance Comparison
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Returns By Period
In the year-to-date period, FNSHX achieves a 4.93% return, which is significantly higher than FXNAX's 0.11% return.
FNSHX
- 1D
- -0.17%
- 1M
- 1.16%
- YTD
- 4.93%
- 6M
- 4.87%
- 1Y
- 10.66%
- 3Y*
- 7.98%
- 5Y*
- 3.24%
- 10Y*
- —
FXNAX
- 1D
- -0.29%
- 1M
- 0.61%
- YTD
- 0.11%
- 6M
- 0.43%
- 1Y
- 4.25%
- 3Y*
- 3.88%
- 5Y*
- -0.05%
- 10Y*
- 1.44%
FNSHX vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNSHX Fidelity Freedom Income Fund Class K | 4.93% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
FXNAX Fidelity U.S. Bond Index Fund | 0.11% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 0.80% |
Correlation
The correlation between FNSHX and FXNAX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.59 |
The correlation between FNSHX and FXNAX shifts across timeframes, from 0.59 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FNSHX vs. FXNAX — Risk / Return Rank
FNSHX
FXNAX
FNSHX vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
| FNSHX | FXNAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.20 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.52 | +1.51 |
| Martin ratioReturn relative to average drawdown | 12.99 | 4.36 | +8.62 |
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Drawdowns
FNSHX vs. FXNAX - Drawdown Comparison
The maximum FNSHX drawdown since its inception was -15.87%, smaller than the maximum FXNAX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FNSHX and FXNAX.
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Drawdown Indicators
| FNSHX | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -19.51% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -2.94% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.89% | -6.16% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -18.54% | +2.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.51% | — |
Current DrawdownCurrent decline from peak | -0.17% | -3.17% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -3.86% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.02% | -0.16% |
Volatility
FNSHX vs. FXNAX - Volatility Comparison
Fidelity Freedom Income Fund Class K (FNSHX) has a higher volatility of 2.23% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.16%. This indicates that FNSHX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNSHX | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.16% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 2.90% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 3.92% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 6.08% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 5.01% | -0.14% |
FNSHX vs. FXNAX - Expense Ratio Comparison
FNSHX has a 0.42% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Dividends
FNSHX vs. FXNAX - Dividend Comparison
FNSHX's dividend yield for the trailing twelve months is around 2.97%, less than FXNAX's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSHX Fidelity Freedom Income Fund Class K | 2.97% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.72% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
Frequently Asked Questions
FNSHX and FXNAX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNSHX has higher volatility (2.23%) compared to FXNAX (1.16%). In terms of maximum drawdown, FNSHX dropped -15.87% vs FXNAX's -19.51%.
FNSHX currently has the higher Sharpe Ratio (2.23 vs 1.14), 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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