FRBEX vs. FILSX
FRBEX (Fidelity Freedom 2070 Fund Class K) and FILSX (Fidelity Flex Freedom Blend 2015 Fund) are both Target Retirement Date funds from Fidelity. Over the past year, FRBEX returned 25.85% vs 12.48% for FILSX. Their correlation of 0.91 suggests significant overlap in exposure. FRBEX charges 0.65%/yr vs 0.00%/yr for FILSX.
Performance
FRBEX vs. FILSX - Performance Comparison
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Returns By Period
In the year-to-date period, FRBEX achieves a 13.71% return, which is significantly higher than FILSX's 6.06% return.
FRBEX
- 1D
- 0.44%
- 1M
- -0.44%
- 6M
- 10.14%
- YTD
- 13.71%
- 1Y
- 25.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FILSX
- 1D
- 0.28%
- 1M
- -0.37%
- 6M
- 4.43%
- YTD
- 6.06%
- 1Y
- 12.48%
- 3Y*
- 9.96%
- 5Y*
- 4.47%
- 10Y*
- —
FRBEX vs. FILSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FRBEX Fidelity Freedom 2070 Fund Class K | 13.71% | 23.38% | 3.52% |
FILSX Fidelity Flex Freedom Blend 2015 Fund | 6.06% | 13.14% | 2.67% |
Correlation
The correlation between FRBEX and FILSX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2024 | 0.91 |
The correlation between FRBEX and FILSX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
FRBEX vs. FILSX — Risk / Return Rank
FRBEX
FILSX
FRBEX vs. FILSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2070 Fund Class K (FRBEX) and Fidelity Flex Freedom Blend 2015 Fund (FILSX). 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.
| FRBEX | FILSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.75 | -0.05 |
| Martin ratioReturn relative to average drawdown | 11.58 | 11.70 | -0.12 |
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Drawdowns
FRBEX vs. FILSX - Drawdown Comparison
The maximum FRBEX drawdown since its inception was -15.31%, smaller than the maximum FILSX drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for FRBEX and FILSX.
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Drawdown Indicators
| FRBEX | FILSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -20.41% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -4.69% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.41% | — |
Current DrawdownCurrent decline from peak | -1.01% | -0.56% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -3.91% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.10% | +1.17% |
Volatility
FRBEX vs. FILSX - Volatility Comparison
Fidelity Freedom 2070 Fund Class K (FRBEX) has a higher volatility of 4.68% compared to Fidelity Flex Freedom Blend 2015 Fund (FILSX) at 2.18%. This indicates that FRBEX's price experiences larger fluctuations and is considered to be riskier than FILSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRBEX | FILSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 2.18% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 5.61% | +6.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.13% | 6.45% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 7.74% | +8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 7.87% | +8.17% |
FRBEX vs. FILSX - Expense Ratio Comparison
FRBEX has a 0.65% expense ratio, which is higher than FILSX's 0.00% expense ratio.
Dividends
FRBEX vs. FILSX - Dividend Comparison
FRBEX's dividend yield for the trailing twelve months is around 4.12%, less than FILSX's 12.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FILSX Fidelity Flex Freedom Blend 2015 Fund | 12.25% | 4.70% | 3.25% | 3.08% | 6.04% | 6.77% | 4.08% | 5.69% | 5.77% | 2.51% |
FRBEX Fidelity Freedom 2070 Fund Class K | 4.12% | 2.38% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, FRBEX and FILSX 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.
FRBEX has higher volatility (4.68%) compared to FILSX (2.18%). In terms of maximum drawdown, FRBEX dropped -15.31% vs FILSX's -20.41%.
FILSX currently has the higher Sharpe Ratio (2.00 vs 1.87), 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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