FSNQX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom 2030 Fund Class K (FSNQX) and Fidelity 500 Index Fund (FXAIX).
FSNQX is managed by Fidelity. It was launched on Jul 20, 2017. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNQX or FXAIX.
Key characteristics
| FSNQX | FXAIX | |
|---|---|---|
| YTD Return | 12.15% | 26.66% |
| 1Y Return | 21.78% | 38.25% |
| 3Y Return (Ann) | -1.72% | 10.01% |
| 5Y Return (Ann) | 2.83% | 15.93% |
| Sharpe Ratio | 2.59 | 3.10 |
| Sortino Ratio | 3.79 | 4.13 |
| Omega Ratio | 1.48 | 1.58 |
| Calmar Ratio | 0.97 | 4.54 |
| Martin Ratio | 16.52 | 20.58 |
| Ulcer Index | 1.33% | 1.87% |
| Daily Std Dev | 8.47% | 12.38% |
| Max Drawdown | -31.35% | -33.79% |
| Current Drawdown | -5.10% | 0.00% |
Correlation
The correlation between FSNQX and FXAIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FSNQX vs. FXAIX - Performance Comparison
In the year-to-date period, FSNQX achieves a 12.15% return, which is significantly lower than FXAIX's 26.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSNQX vs. FXAIX - Expense Ratio Comparison
FSNQX has a 0.58% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FSNQX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund Class K (FSNQX) and Fidelity 500 Index Fund (FXAIX). 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
FSNQX vs. FXAIX - Dividend Comparison
FSNQX's dividend yield for the trailing twelve months is around 1.92%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNQX Fidelity Freedom 2030 Fund Class K | 1.92% | 1.97% | 2.65% | 2.44% | 1.14% | 1.73% | 1.83% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FSNQX vs. FXAIX - Drawdown Comparison
The maximum FSNQX drawdown since its inception was -31.35%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSNQX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FSNQX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom 2030 Fund Class K (FSNQX) is 2.29%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.92%. This indicates that FSNQX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.