FSHBX vs. FSNOX
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Fidelity Freedom 2020 Fund Class K (FSNOX).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. FSNOX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
FSHBX vs. FSNOX - Performance Comparison
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FSHBX vs. FSNOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | -0.20% | 5.49% | 4.73% | 5.35% | -3.86% | -0.92% | 3.59% | 4.20% | 1.21% | 0.25% |
FSNOX Fidelity Freedom 2020 Fund Class K | -1.30% | 14.92% | 11.17% | 13.00% | -16.04% | 9.09% | 13.64% | 18.14% | -5.26% | 5.18% |
Returns By Period
In the year-to-date period, FSHBX achieves a -0.20% return, which is significantly higher than FSNOX's -1.30% return.
FSHBX
- 1D
- 0.12%
- 1M
- -0.94%
- YTD
- -0.20%
- 6M
- 0.93%
- 1Y
- 3.57%
- 3Y*
- 4.59%
- 5Y*
- 2.14%
- 10Y*
- 2.09%
FSNOX
- 1D
- 0.13%
- 1M
- -5.26%
- YTD
- -1.30%
- 6M
- 0.73%
- 1Y
- 11.55%
- 3Y*
- 10.59%
- 5Y*
- 5.01%
- 10Y*
- —
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FSHBX vs. FSNOX - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is lower than FSNOX's 0.51% expense ratio.
Return for Risk
FSHBX vs. FSNOX — Risk / Return Rank
FSHBX
FSNOX
FSHBX vs. FSNOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) and Fidelity Freedom 2020 Fund Class K (FSNOX). 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.
| FSHBX | FSNOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.40 | +0.52 |
Sortino ratioReturn per unit of downside risk | 3.34 | 1.96 | +1.38 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.29 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.78 | +1.70 |
Martin ratioReturn relative to average drawdown | 13.73 | 7.70 | +6.03 |
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
| FSHBX | FSNOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.40 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.56 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.49 | 0.71 | +0.78 |
Correlation
The correlation between FSHBX and FSNOX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FSHBX vs. FSNOX - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 3.89%, less than FSNOX's 7.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 3.89% | 4.26% | 4.00% | 3.00% | 0.83% | 1.04% | 2.62% | 2.13% | 1.78% | 1.27% | 1.12% | 0.88% |
FSNOX Fidelity Freedom 2020 Fund Class K | 7.50% | 7.40% | 8.22% | 2.76% | 9.87% | 12.11% | 6.81% | 6.60% | 7.16% | 3.14% | 0.00% | 0.00% |
Drawdowns
FSHBX vs. FSNOX - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -8.80%, smaller than the maximum FSNOX drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for FSHBX and FSNOX.
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Drawdown Indicators
| FSHBX | FSNOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.80% | -22.49% | +13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -6.19% | +5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.36% | -22.49% | +16.13% |
Max Drawdown (10Y)Largest decline over 10 years | -6.51% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -5.38% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -4.56% | +3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 1.43% | -1.13% |
Volatility
FSHBX vs. FSNOX - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Fund (FSHBX) is 0.58%, while Fidelity Freedom 2020 Fund Class K (FSNOX) has a volatility of 3.20%. This indicates that FSHBX experiences smaller price fluctuations and is considered to be less risky than FSNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSHBX | FSNOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 3.20% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 4.95% | -3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 8.35% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 8.95% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 9.33% | -7.49% |