FSKAX vs. FIPFX
FSKAX (Fidelity Total Market Index Fund) and FIPFX (Fidelity Freedom Index 2050 Fund Investor Class) are both mutual funds - FSKAX is a Large Cap Blend Equities fund managed by Fidelity, while FIPFX is a Target Retirement Date fund managed by Fidelity. Over the past 10 years, FSKAX returned 15.09%/yr vs 11.90%/yr for FIPFX. With a 0.96 correlation, they move nearly in lockstep. FSKAX charges 0.01%/yr vs 0.12%/yr for FIPFX.
Performance
FSKAX vs. FIPFX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FSKAX having a 12.08% return and FIPFX slightly higher at 12.41%. Over the past 10 years, FSKAX has outperformed FIPFX with an annualized return of 15.09%, while FIPFX has yielded a comparatively lower 11.90% annualized return.
FSKAX
- 1D
- 0.24%
- 1M
- 5.80%
- YTD
- 12.08%
- 6M
- 11.98%
- 1Y
- 29.13%
- 3Y*
- 22.42%
- 5Y*
- 13.08%
- 10Y*
- 15.09%
FIPFX
- 1D
- 0.40%
- 1M
- 5.52%
- YTD
- 12.41%
- 6M
- 13.29%
- 1Y
- 28.44%
- 3Y*
- 19.47%
- 5Y*
- 10.07%
- 10Y*
- 11.90%
FSKAX vs. FIPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSKAX Fidelity Total Market Index Fund | 12.08% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 12.41% | 21.40% | 14.15% | 19.91% | -18.22% | 15.93% | 16.46% | 26.02% | -7.28% | 20.54% |
Correlation
The correlation between FSKAX and FIPFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.96 |
The correlation between FSKAX and FIPFX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
FSKAX vs. FIPFX — Risk / Return Rank
FSKAX
FIPFX
FSKAX vs. FIPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX). 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.
| FSKAX | FIPFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.46 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.22 | +0.16 |
| Martin ratioReturn relative to average drawdown | 15.52 | 14.21 | +1.31 |
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
| FSKAX | FIPFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.50 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.70 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.79 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.72 | +0.13 |
Drawdowns
FSKAX vs. FIPFX - Drawdown Comparison
The maximum FSKAX drawdown since its inception was -35.01%, which is greater than FIPFX's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FSKAX and FIPFX.
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Drawdown Indicators
| FSKAX | FIPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.01% | -30.71% | -4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -8.96% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.43% | -14.71% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -26.20% | +0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.01% | -30.71% | -4.30% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -4.21% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.03% | -0.09% |
Volatility
FSKAX vs. FIPFX - Volatility Comparison
The current volatility for Fidelity Total Market Index Fund (FSKAX) is 2.97%, while Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) has a volatility of 3.50%. This indicates that FSKAX experiences smaller price fluctuations and is considered to be less risky than FIPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSKAX | FIPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 3.50% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 9.31% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 11.56% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 14.39% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 15.17% | +3.29% |
FSKAX vs. FIPFX - Expense Ratio Comparison
FSKAX has a 0.02% expense ratio, which is lower than FIPFX's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FSKAX vs. FIPFX - Dividend Comparison
FSKAX's dividend yield for the trailing twelve months is around 0.93%, less than FIPFX's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.75% | 1.97% | 2.00% | 1.94% | 2.02% | 1.93% | 1.95% | 15.16% | 2.28% | 2.05% | 2.09% | 2.00% |
FSKAX Fidelity Total Market Index Fund | 0.93% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Frequently Asked Questions
With a correlation of 0.96, FSKAX and FIPFX 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.
FIPFX has higher volatility (3.50%) compared to FSKAX (2.97%). In terms of maximum drawdown, FSKAX dropped -35.01% vs FIPFX's -30.71%.
FIPFX currently has the higher Sharpe Ratio (2.50 vs 2.46), 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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