FQIFX vs. FSHBX

Last updated Jun 24, 2026

FQIFX (Fidelity Freedom Index 2025 Fund Investor Class) and FSHBX (Fidelity Short-Term Bond Fund) are both mutual funds - FQIFX is a Target Retirement Date fund managed by Fidelity, while FSHBX is a Total Bond Market fund managed by Fidelity. Over the past 10 years, FQIFX returned 8.18%/yr vs 2.08%/yr for FSHBX. At a 0.13 correlation, their price movements are largely independent. FQIFX charges 0.12%/yr vs 0.45%/yr for FSHBX.

Performance

FQIFX vs. FSHBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) and Fidelity Short-Term Bond Fund (FSHBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FQIFX achieves a 6.69% return, which is significantly higher than FSHBX's 0.32% return. Over the past 10 years, FQIFX has outperformed FSHBX with an annualized return of 8.18%, while FSHBX has yielded a comparatively lower 2.08% annualized return.

FQIFX

• 1D: -0.28%
• 1M: 1.17%
• YTD: 6.69%
• 6M: 6.40%
• 1Y: 16.20%
• 3Y*: 12.13%
• 5Y*: 5.51%
• 10Y*: 8.18%

FSHBX

• 1D: 0.00%
• 1M: 0.22%
• YTD: 0.32%
• 6M: 0.78%
• 1Y: 3.25%
• 3Y*: 4.78%
• 5Y*: 2.24%
• 10Y*: 2.08%

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

FQIFX vs. FSHBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FQIFX Fidelity Freedom Index 2025 Fund Investor Class	6.69%	14.84%	8.49%	13.88%	-16.54%	9.52%	13.56%	19.63%	-4.51%	15.15%
FSHBX Fidelity Short-Term Bond Fund	0.32%	5.49%	4.73%	5.35%	-3.86%	-0.92%	3.59%	4.20%	1.21%	1.16%

Correlation

The correlation between FQIFX and FSHBX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.13

Over the past year, FQIFX and FSHBX have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

FQIFX vs. FSHBX — Risk / Return Rank

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

FQIFX

FQIFX Risk / Return Rank: 64
FQIFX Sharpe Ratio Rank: 65
FQIFX Sortino Ratio Rank: 65
FQIFX Omega Ratio Rank: 67
FQIFX Calmar Ratio Rank: 59
FQIFX Martin Ratio Rank: 67

FSHBX

FSHBX Risk / Return Rank: 59
FSHBX Sharpe Ratio Rank: 41
FSHBX Sortino Ratio Rank: 67
FSHBX Omega Ratio Rank: 68
FSHBX Calmar Ratio Rank: 62
FSHBX Martin Ratio Rank: 57

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.

FQIFX vs. FSHBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) and Fidelity Short-Term Bond Fund (FSHBX). 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.

	FQIFX	FSHBX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.73	+0.44
Sortino ratio: Return per unit of downside risk	3.07	3.10	-0.03
Omega ratio: Gain probability vs. loss probability	1.41	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	2.82	2.89	-0.07
Martin ratio: Return relative to average drawdown	12.19	10.74	+1.45

FQIFX vs. FSHBX - Sharpe Ratio Comparison

The current FQIFX Sharpe Ratio is 2.17, which is comparable to the FSHBX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of FQIFX and FSHBX, 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

FQIFX vs. FSHBX - Drawdown Comparison

The maximum FQIFX drawdown since its inception was -22.66%, which is greater than FSHBX's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for FQIFX and FSHBX.

Drawdown Indicators

	FQIFX	FSHBX	Difference
Max Drawdown Largest peak-to-trough decline	-22.66%	-8.80%	-13.86%
Max Drawdown (1Y) Largest decline over 1 year	-5.98%	-1.17%	-4.81%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	-1.17%	-7.42%
Max Drawdown (5Y) Largest decline over 5 years	-22.66%	-6.36%	-16.30%
Max Drawdown (10Y) Largest decline over 10 years	-22.66%	-6.51%	-16.15%
Current Drawdown Current decline from peak	-0.51%	-0.42%	-0.09%
Average Drawdown Average peak-to-trough decline	-3.86%	-1.04%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	0.32%	+1.06%

Volatility

FQIFX vs. FSHBX - Volatility Comparison

Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) has a higher volatility of 3.13% compared to Fidelity Short-Term Bond Fund (FSHBX) at 0.64%. This indicates that FQIFX's price experiences larger fluctuations and is considered to be riskier than FSHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FQIFX	FSHBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	0.64%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	6.52%	1.45%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	7.80%	1.96%	+5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.62%	2.22%	+7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.92%	1.86%	+8.06%

FQIFX vs. FSHBX - Expense Ratio Comparison

FQIFX has a 0.12% expense ratio, which is lower than FSHBX's 0.45% expense ratio.

Dividends

FQIFX vs. FSHBX - Dividend Comparison

FQIFX's dividend yield for the trailing twelve months is around 4.33%, more than FSHBX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQIFX Fidelity Freedom Index 2025 Fund Investor Class	4.33%	4.92%	3.36%	2.37%	2.64%	2.10%	2.38%	13.76%	2.31%	1.83%	1.88%	1.93%
FSHBX Fidelity Short-Term Bond Fund	4.18%	4.26%	4.00%	3.00%	0.83%	1.04%	2.62%	2.13%	1.78%	1.27%	1.12%	0.88%

Frequently Asked Questions

Can I hold both FQIFX and FSHBX in my portfolio?

FQIFX and FSHBX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FQIFX or FSHBX?

FQIFX has higher volatility (3.13%) compared to FSHBX (0.64%). In terms of maximum drawdown, FQIFX dropped -22.66% vs FSHBX's -8.80%.

Which has better risk-adjusted returns?

FQIFX currently has the higher Sharpe Ratio (2.17 vs 1.73), 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.