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FSNOX vs. FSHBX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSNOX and FSHBX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

FSNOX vs. FSHBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2020 Fund Class K (FSNOX) and Fidelity Short-Term Bond Fund (FSHBX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FSNOX:

0.36

FSHBX:

2.63

Sortino Ratio

FSNOX:

0.58

FSHBX:

4.71

Omega Ratio

FSNOX:

1.08

FSHBX:

1.70

Calmar Ratio

FSNOX:

0.22

FSHBX:

6.13

Martin Ratio

FSNOX:

1.52

FSHBX:

17.27

Ulcer Index

FSNOX:

2.28%

FSHBX:

0.33%

Daily Std Dev

FSNOX:

9.28%

FSHBX:

2.13%

Max Drawdown

FSNOX:

-30.17%

FSHBX:

-6.54%

Current Drawdown

FSNOX:

-10.81%

FSHBX:

-0.59%

Returns By Period

In the year-to-date period, FSNOX achieves a 1.56% return, which is significantly lower than FSHBX's 1.76% return.


FSNOX

YTD

1.56%

1M

3.21%

6M

-0.39%

1Y

3.34%

3Y*

4.82%

5Y*

2.04%

10Y*

N/A

FSHBX

YTD

1.76%

1M

0.12%

6M

2.47%

1Y

5.62%

3Y*

3.72%

5Y*

1.66%

10Y*

1.81%

*Annualized

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Fidelity Short-Term Bond Fund

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSNOX
The Risk-Adjusted Performance Rank of FSNOX is 4242
Overall Rank
The Sharpe Ratio Rank of FSNOX is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of FSNOX is 4040
Sortino Ratio Rank
The Omega Ratio Rank of FSNOX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of FSNOX is 3838
Calmar Ratio Rank
The Martin Ratio Rank of FSNOX is 4949
Martin Ratio Rank

FSHBX
The Risk-Adjusted Performance Rank of FSHBX is 9797
Overall Rank
The Sharpe Ratio Rank of FSHBX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of FSHBX is 9797
Sortino Ratio Rank
The Omega Ratio Rank of FSHBX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of FSHBX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of FSHBX is 9797
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FSNOX Sharpe Ratio is 0.36, which is lower than the FSHBX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of FSNOX and FSHBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FSNOX vs. FSHBX - Dividend Comparison

FSNOX's dividend yield for the trailing twelve months is around 2.70%, less than FSHBX's 4.14% yield.


TTM20242023202220212020201920182017201620152014
FSNOX
Fidelity Freedom 2020 Fund Class K
2.70%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
4.14%4.01%3.00%1.15%0.94%2.06%2.13%1.78%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.


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Volatility

FSNOX vs. FSHBX - Volatility Comparison

Fidelity Freedom 2020 Fund Class K (FSNOX) has a higher volatility of 3.11% compared to Fidelity Short-Term Bond Fund (FSHBX) at 0.74%. 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.


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