FNSHX vs. MXBSX

Last updated Jun 5, 2026

FNSHX (Fidelity Freedom Income Fund Class K) and MXBSX (Great-West Lifetime 2050 Fund) are both Target Retirement Date funds. Over the past 5 years, FNSHX returned 3.17%/yr vs 7.95%/yr for MXBSX. A 0.61 correlation means they provide meaningful diversification when combined. FNSHX charges 0.42%/yr vs 0.12%/yr for MXBSX.

Performance

FNSHX vs. MXBSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Income Fund Class K (FNSHX) and Great-West Lifetime 2050 Fund (MXBSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNSHX achieves a 4.71% return, which is significantly lower than MXBSX's 10.07% return.

FNSHX

• 1D: -0.25%
• 1M: 1.12%
• YTD: 4.71%
• 6M: 5.11%
• 1Y: 10.82%
• 3Y*: 8.01%
• 5Y*: 3.17%
• 10Y*: —

MXBSX

• 1D: -0.57%
• 1M: 2.81%
• YTD: 10.07%
• 6M: 10.63%
• 1Y: 22.71%
• 3Y*: 16.44%
• 5Y*: 7.95%
• 10Y*: 10.29%

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

FNSHX vs. MXBSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNSHX Fidelity Freedom Income Fund Class K	4.71%	10.35%	4.40%	8.26%	-11.31%	3.16%	9.01%	10.74%	-1.86%	0.09%
MXBSX Great-West Lifetime 2050 Fund	10.07%	17.70%	11.16%	17.79%	-16.61%	16.82%	13.96%	26.31%	-10.30%	7.24%

Correlation

The correlation between FNSHX and MXBSX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017	0.61

The correlation between FNSHX and MXBSX shifts across timeframes, from 0.61 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FNSHX vs. MXBSX — Risk / Return Rank

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

FNSHX

FNSHX Risk / Return Rank: 72
FNSHX Sharpe Ratio Rank: 72
FNSHX Sortino Ratio Rank: 75
FNSHX Omega Ratio Rank: 76
FNSHX Calmar Ratio Rank: 66
FNSHX Martin Ratio Rank: 72

MXBSX

MXBSX Risk / Return Rank: 47
MXBSX Sharpe Ratio Rank: 43
MXBSX Sortino Ratio Rank: 42
MXBSX Omega Ratio Rank: 45
MXBSX Calmar Ratio Rank: 50
MXBSX Martin Ratio Rank: 56

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.

FNSHX vs. MXBSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Great-West Lifetime 2050 Fund (MXBSX). 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	MXBSX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.88	+0.60
Sortino ratio: Return per unit of downside risk	3.62	2.65	+0.97
Omega ratio: Gain probability vs. loss probability	1.50	1.35	+0.14
Calmar ratio: Return relative to maximum drawdown	3.10	2.63	+0.47
Martin ratio: Return relative to average drawdown	13.60	10.93	+2.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNSHX vs. MXBSX - Sharpe Ratio Comparison

The current FNSHX Sharpe Ratio is 2.47, which is higher than the MXBSX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FNSHX and MXBSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FNSHX	MXBSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.88	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.50	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.64	+0.19

Drawdowns

FNSHX vs. MXBSX - Drawdown Comparison

The maximum FNSHX drawdown since its inception was -15.87%, smaller than the maximum MXBSX drawdown of -31.88%. Use the drawdown chart below to compare losses from any high point for FNSHX and MXBSX.

Drawdown Indicators

	FNSHX	MXBSX	Difference
Max Drawdown Largest peak-to-trough decline	-15.87%	-31.88%	+16.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-8.80%	+5.12%
Max Drawdown (3Y) Largest decline over 3 years	-4.89%	-14.76%	+9.87%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-29.68%	+13.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.88%	—
Current Drawdown Current decline from peak	-0.25%	-0.57%	+0.32%
Average Drawdown Average peak-to-trough decline	-3.04%	-5.94%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	2.11%	-1.27%

Volatility

FNSHX vs. MXBSX - Volatility Comparison

The current volatility for Fidelity Freedom Income Fund Class K (FNSHX) is 1.94%, while Great-West Lifetime 2050 Fund (MXBSX) has a volatility of 3.33%. This indicates that FNSHX experiences smaller price fluctuations and is considered to be less risky than MXBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSHX	MXBSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	3.33%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	3.92%	8.93%	-5.01%
Volatility (1Y) Calculated over the trailing 1-year period	4.62%	12.32%	-7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.35%	15.89%	-10.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	16.37%	-11.53%

FNSHX vs. MXBSX - Expense Ratio Comparison

FNSHX has a 0.42% expense ratio, which is higher than MXBSX's 0.12% expense ratio.

Dividends

FNSHX vs. MXBSX - Dividend Comparison

FNSHX's dividend yield for the trailing twelve months is around 3.01%, less than MXBSX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNSHX Fidelity Freedom Income Fund Class K	3.01%	3.21%	3.19%	2.98%	5.94%	6.17%	4.43%	3.74%	5.22%	0.00%
MXBSX Great-West Lifetime 2050 Fund	4.79%	5.27%	7.38%	5.63%	10.66%	11.14%	6.57%	9.46%	8.18%	3.54%

Frequently Asked Questions

Can I hold both FNSHX and MXBSX in my portfolio?

FNSHX and MXBSX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNSHX or MXBSX?

MXBSX has higher volatility (3.33%) compared to FNSHX (1.94%). In terms of maximum drawdown, FNSHX dropped -15.87% vs MXBSX's -31.88%.

Which has better risk-adjusted returns?

FNSHX currently has the higher Sharpe Ratio (2.47 vs 1.88), 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.