FSNPX vs. FZROX
FSNPX (Fidelity Freedom 2025 Fund Class K) and FZROX (Fidelity ZERO Total Market Index Fund) are both mutual funds - FSNPX is a Target Retirement Date fund managed by Fidelity, while FZROX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FSNPX returned 5.46%/yr vs 11.84%/yr for FZROX. Their correlation of 0.90 means they have usually moved in the same direction. FSNPX charges 0.54%/yr vs 0.00%/yr for FZROX.
Performance
FSNPX vs. FZROX - Performance Comparison
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Returns By Period
In the year-to-date period, FSNPX achieves a 6.63% return, which is significantly lower than FZROX's 9.94% return.
FSNPX
- 1D
- 1.25%
- 1M
- -1.09%
- 6M
- 4.25%
- YTD
- 6.63%
- 1Y
- 14.30%
- 3Y*
- 11.61%
- 5Y*
- 5.46%
- 10Y*
- —
- ALL TIME*
- 7.08%
FZROX
- 1D
- 1.64%
- 1M
- -0.73%
- 6M
- 8.29%
- YTD
- 9.94%
- 1Y
- 21.21%
- 3Y*
- 18.70%
- 5Y*
- 11.84%
- 10Y*
- —
- ALL TIME*
- 13.98%
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 |
FSNPX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSNPX Fidelity Freedom 2025 Fund Class K | 6.63% | 16.64% | 8.25% | 14.21% | -16.63% | 10.22% | 11.69% | 19.56% | -6.37% |
FZROX Fidelity ZERO Total Market Index Fund | 9.94% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Correlation
The correlation between FSNPX and FZROX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.90 |
The correlation between FSNPX and FZROX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
FSNPX vs. FZROX — Risk / Return Rank
FSNPX
FZROX
FSNPX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2025 Fund Class K (FSNPX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
| FSNPX | FZROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.12 | +0.06 |
| Martin ratioReturn relative to average drawdown | 8.88 | 9.14 | -0.27 |
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Drawdowns
FSNPX vs. FZROX - Drawdown Comparison
The maximum FSNPX drawdown since its inception was -23.58%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FSNPX and FZROX.
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Drawdown Indicators
| FSNPX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.58% | -34.96% | +11.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -8.89% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -19.38% | +10.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.58% | -25.12% | +1.54% |
Current DrawdownCurrent decline from peak | -1.91% | -1.85% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -5.43% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.06% | -0.50% |
Volatility
FSNPX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Freedom 2025 Fund Class K (FSNPX) is 2.75%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.43%. This indicates that FSNPX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSNPX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 3.43% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 10.34% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 13.19% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.09% | 17.54% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 20.04% | -9.60% |
FSNPX vs. FZROX - Expense Ratio Comparison
FSNPX has a 0.54% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Dividends
FSNPX vs. FZROX - Dividend Comparison
FSNPX's dividend yield for the trailing twelve months is around 6.92%, more than FZROX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSNPX Fidelity Freedom 2025 Fund Class K | 6.92% | 6.49% | 3.94% | 2.24% | 9.74% | 10.44% | 3.15% | 6.17% | 6.56% | 1.63% |
FZROX Fidelity ZERO Total Market Index Fund | 0.93% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, FSNPX and FZROX 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.
FZROX has higher volatility (3.43%) compared to FSNPX (2.75%). In terms of maximum drawdown, FSNPX dropped -23.58% vs FZROX's -34.96%.
FSNPX currently has the higher Sharpe Ratio (1.54 vs 1.43), 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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