FSNLX vs. SSBWX
FSNLX (Fidelity Freedom 2015 Fund Class K) and SSBWX (State Street Target Retirement 2030 Fund) are both Target Retirement Date funds. Over the past 5 years, FSNLX returned 3.99%/yr vs 5.86%/yr for SSBWX. Their correlation of 0.94 means they have usually moved in the same direction. FSNLX charges 0.47%/yr vs 0.15%/yr for SSBWX.
Performance
FSNLX vs. SSBWX - Performance Comparison
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Returns By Period
In the year-to-date period, FSNLX achieves a 4.94% return, which is significantly lower than SSBWX's 6.74% return.
FSNLX
- 1D
- 0.89%
- 1M
- -0.80%
- 6M
- 3.15%
- YTD
- 4.94%
- 1Y
- 10.64%
- 3Y*
- 9.23%
- 5Y*
- 3.99%
- 10Y*
- —
- ALL TIME*
- 5.84%
SSBWX
- 1D
- 1.15%
- 1M
- -0.47%
- 6M
- 4.49%
- YTD
- 6.74%
- 1Y
- 14.56%
- 3Y*
- 11.95%
- 5Y*
- 5.86%
- 10Y*
- 8.55%
- ALL TIME*
- 7.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSNLX vs. SSBWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNLX Fidelity Freedom 2015 Fund Class K | 4.94% | 13.23% | 6.29% | 11.43% | -14.53% | 7.36% | 12.32% | 16.37% | -4.36% | 3.37% |
SSBWX State Street Target Retirement 2030 Fund | 6.74% | 15.92% | 9.76% | 15.66% | -17.17% | 10.75% | 17.27% | 22.52% | -6.23% | 4.64% |
Correlation
The correlation between FSNLX and SSBWX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.94 |
The correlation between FSNLX and SSBWX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
FSNLX vs. SSBWX — Risk / Return Rank
FSNLX
SSBWX
FSNLX vs. SSBWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2015 Fund Class K (FSNLX) and State Street Target Retirement 2030 Fund (SSBWX). 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.
| FSNLX | SSBWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.20 | +0.04 |
| Martin ratioReturn relative to average drawdown | 9.20 | 9.33 | -0.13 |
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Drawdowns
FSNLX vs. SSBWX - Drawdown Comparison
The maximum FSNLX drawdown since its inception was -20.41%, smaller than the maximum SSBWX drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for FSNLX and SSBWX.
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Drawdown Indicators
| FSNLX | SSBWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.41% | -23.73% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -6.20% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -5.70% | -9.73% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.41% | -23.73% | +3.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.73% | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.13% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -4.12% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.46% | -0.32% |
Volatility
FSNLX vs. SSBWX - Volatility Comparison
The current volatility for Fidelity Freedom 2015 Fund Class K (FSNLX) is 2.04%, while State Street Target Retirement 2030 Fund (SSBWX) has a volatility of 2.21%. This indicates that FSNLX experiences smaller price fluctuations and is considered to be less risky than SSBWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSNLX | SSBWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 2.21% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 6.74% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 8.09% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 10.73% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 11.28% | -3.39% |
FSNLX vs. SSBWX - Expense Ratio Comparison
FSNLX has a 0.47% expense ratio, which is higher than SSBWX's 0.15% expense ratio.
Dividends
FSNLX vs. SSBWX - Dividend Comparison
FSNLX's dividend yield for the trailing twelve months is around 6.52%, which matches SSBWX's 6.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNLX Fidelity Freedom 2015 Fund Class K | 6.52% | 6.50% | 4.02% | 2.74% | 8.44% | 10.79% | 6.72% | 6.77% | 8.21% | 2.16% | 0.00% | 0.00% |
SSBWX State Street Target Retirement 2030 Fund | 6.47% | 6.91% | 6.16% | 4.11% | 5.78% | 6.18% | 4.92% | 6.65% | 5.24% | 0.46% | 1.75% | 2.11% |
Frequently Asked Questions
With a correlation of 0.95, FSNLX and SSBWX 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.
SSBWX has higher volatility (2.21%) compared to FSNLX (2.04%). In terms of maximum drawdown, FSNLX dropped -20.41% vs SSBWX's -23.73%.
SSBWX currently has the higher Sharpe Ratio (1.69 vs 1.59), 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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