FSNOX vs. FSHBX
Compare and contrast key facts about Fidelity Freedom 2020 Fund Class K (FSNOX) and Fidelity Short-Term Bond Fund (FSHBX).
FSNOX is managed by Fidelity. It was launched on Jul 20, 2017. FSHBX is managed by Fidelity. It was launched on Sep 15, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNOX or FSHBX.
Correlation
The correlation between FSNOX and FSHBX is 0.16, 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.
Performance
FSNOX vs. FSHBX - Performance Comparison
Key characteristics
FSNOX:
1.14
FSHBX:
2.55
FSNOX:
1.64
FSHBX:
4.40
FSNOX:
1.21
FSHBX:
1.69
FSNOX:
0.50
FSHBX:
5.23
FSNOX:
4.82
FSHBX:
14.60
FSNOX:
1.71%
FSHBX:
0.34%
FSNOX:
7.20%
FSHBX:
1.92%
FSNOX:
-30.17%
FSHBX:
-6.54%
FSNOX:
-9.18%
FSHBX:
-0.12%
Returns By Period
In the year-to-date period, FSNOX achieves a 3.41% return, which is significantly higher than FSHBX's 0.12% return.
FSNOX
3.41%
1.57%
1.71%
8.53%
0.38%
N/A
FSHBX
0.12%
0.12%
1.39%
4.91%
1.54%
1.67%
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FSNOX vs. FSHBX - Expense Ratio Comparison
FSNOX has a 0.51% expense ratio, which is higher than FSHBX's 0.45% expense ratio.
Risk-Adjusted Performance
FSNOX vs. FSHBX — Risk-Adjusted Performance Rank
FSNOX
FSHBX
FSNOX vs. FSHBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2020 Fund Class K (FSNOX) 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.
Dividends
FSNOX vs. FSHBX - Dividend Comparison
FSNOX's dividend yield for the trailing twelve months is around 2.62%, less than FSHBX's 3.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNOX Fidelity Freedom 2020 Fund Class K | 2.62% | 2.71% | 2.43% | 3.15% | 2.55% | 1.21% | 1.90% | 2.00% | 1.29% | 0.00% | 0.00% | 0.00% |
FSHBX Fidelity Short-Term Bond Fund | 3.70% | 4.01% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% |
Drawdowns
FSNOX vs. FSHBX - Drawdown Comparison
The maximum FSNOX drawdown since its inception was -30.17%, which is greater than FSHBX's maximum drawdown of -6.54%. Use the drawdown chart below to compare losses from any high point for FSNOX and FSHBX. For additional features, visit the drawdowns tool.
Volatility
FSNOX vs. FSHBX - Volatility Comparison
Fidelity Freedom 2020 Fund Class K (FSNOX) has a higher volatility of 1.71% compared to Fidelity Short-Term Bond Fund (FSHBX) at 0.36%. This indicates that FSNOX'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.