FSNUX vs. CDDYX

Last updated Jun 24, 2026

FSNUX (Fidelity Freedom 2035 Fund Class K) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both mutual funds - FSNUX is a Target Retirement Date fund managed by Fidelity, while CDDYX is a Large Cap Value Equities fund managed by Columbia. Over the past 5 years, FSNUX returned 8.39%/yr vs 11.63%/yr for CDDYX. Their correlation of 0.82 suggests significant overlap in exposure. FSNUX charges 0.61%/yr vs 0.55%/yr for CDDYX.

Performance

FSNUX vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2035 Fund Class K (FSNUX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSNUX achieves a 10.55% return, which is significantly higher than CDDYX's 8.90% return.

FSNUX

• 1D: -0.26%
• 1M: 2.37%
• YTD: 10.55%
• 6M: 10.24%
• 1Y: 23.23%
• 3Y*: 17.48%
• 5Y*: 8.39%
• 10Y*: —

CDDYX

• 1D: -0.11%
• 1M: 0.39%
• YTD: 8.90%
• 6M: 8.26%
• 1Y: 20.51%
• 3Y*: 15.99%
• 5Y*: 11.63%
• 10Y*: 12.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSNUX vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSNUX Fidelity Freedom 2035 Fund Class K	10.55%	19.34%	13.94%	17.79%	-18.35%	14.50%	17.33%	24.55%	-8.27%	5.89%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	8.90%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	9.94%

Correlation

The correlation between FSNUX and CDDYX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017	0.82

The correlation between FSNUX and CDDYX shifts across timeframes, from 0.69 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSNUX vs. CDDYX — Risk / Return Rank

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

FSNUX

FSNUX Risk / Return Rank: 76
FSNUX Sharpe Ratio Rank: 76
FSNUX Sortino Ratio Rank: 74
FSNUX Omega Ratio Rank: 75
FSNUX Calmar Ratio Rank: 75
FSNUX Martin Ratio Rank: 79

CDDYX

CDDYX Risk / Return Rank: 79
CDDYX Sharpe Ratio Rank: 77
CDDYX Sortino Ratio Rank: 78
CDDYX Omega Ratio Rank: 69
CDDYX Calmar Ratio Rank: 86
CDDYX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSNUX vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2035 Fund Class K (FSNUX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	FSNUX	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.36	-0.03
Sortino ratio: Return per unit of downside risk	3.26	3.40	-0.13
Omega ratio: Gain probability vs. loss probability	1.45	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	3.22	3.93	-0.71
Martin ratio: Return relative to average drawdown	13.80	14.84	-1.05

FSNUX vs. CDDYX - Sharpe Ratio Comparison

The current FSNUX Sharpe Ratio is 2.33, which is comparable to the CDDYX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of FSNUX and CDDYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSNUX vs. CDDYX - Drawdown Comparison

The maximum FSNUX drawdown since its inception was -28.85%, smaller than the maximum CDDYX drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for FSNUX and CDDYX.

Drawdown Indicators

	FSNUX	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-28.85%	-32.74%	+3.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-5.51%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-11.58%	-12.99%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	-25.87%	-16.91%	-8.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.74%	—
Current Drawdown Current decline from peak	-0.26%	-1.04%	+0.78%
Average Drawdown Average peak-to-trough decline	-5.43%	-2.76%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.46%	+0.28%

Volatility

FSNUX vs. CDDYX - Volatility Comparison

Fidelity Freedom 2035 Fund Class K (FSNUX) has a higher volatility of 4.27% compared to Columbia Dividend Income Fund Institutional 3 Class (CDDYX) at 2.65%. This indicates that FSNUX's price experiences larger fluctuations and is considered to be riskier than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSNUX	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	2.65%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	6.89%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	9.17%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.55%	13.27%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.98%	15.69%	-1.71%

FSNUX vs. CDDYX - Expense Ratio Comparison

FSNUX has a 0.61% expense ratio, which is higher than CDDYX's 0.55% expense ratio.

Dividends

FSNUX vs. CDDYX - Dividend Comparison

FSNUX's dividend yield for the trailing twelve months is around 5.87%, more than CDDYX's 4.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.94%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
FSNUX Fidelity Freedom 2035 Fund Class K	5.87%	5.08%	5.51%	2.03%	10.34%	11.67%	6.01%	6.85%	7.77%	1.74%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSNUX and CDDYX in my portfolio?

FSNUX and CDDYX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSNUX or CDDYX?

FSNUX has higher volatility (4.27%) compared to CDDYX (2.65%). In terms of maximum drawdown, FSNUX dropped -28.85% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

CDDYX currently has the higher Sharpe Ratio (2.36 vs 2.33), 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.