FSNVX vs. FCQTX
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K (FSNVX) and American Funds 2065 Target Date Retirement Fund (FCQTX).
FSNVX is managed by Fidelity. It was launched on Jul 20, 2017. FCQTX is managed by American Funds. It was launched on Mar 26, 2020.
Performance
FSNVX vs. FCQTX - Performance Comparison
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FSNVX vs. FCQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | -2.91% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 50.62% |
FCQTX American Funds 2065 Target Date Retirement Fund | -5.95% | 20.74% | 15.64% | 21.56% | -19.63% | 17.34% | 47.06% |
Returns By Period
In the year-to-date period, FSNVX achieves a -2.91% return, which is significantly higher than FCQTX's -5.95% return.
FSNVX
- 1D
- -0.23%
- 1M
- -7.74%
- YTD
- -2.91%
- 6M
- 0.12%
- 1Y
- 17.65%
- 3Y*
- 15.60%
- 5Y*
- 8.33%
- 10Y*
- —
FCQTX
- 1D
- -0.42%
- 1M
- -9.36%
- YTD
- -5.95%
- 6M
- -2.92%
- 1Y
- 15.81%
- 3Y*
- 14.49%
- 5Y*
- 7.64%
- 10Y*
- —
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FSNVX vs. FCQTX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than FCQTX's 0.01% expense ratio.
Return for Risk
FSNVX vs. FCQTX — Risk / Return Rank
FSNVX
FCQTX
FSNVX vs. FCQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and American Funds 2065 Target Date Retirement Fund (FCQTX). 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.
| FSNVX | FCQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.04 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.56 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.35 | +0.17 |
Martin ratioReturn relative to average drawdown | 6.95 | 5.87 | +1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSNVX | FCQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.04 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.53 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.94 | -0.30 |
Correlation
The correlation between FSNVX and FCQTX is 0.97, 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.
Dividends
FSNVX vs. FCQTX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 5.23%, more than FCQTX's 4.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 5.23% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% |
FCQTX American Funds 2065 Target Date Retirement Fund | 4.96% | 4.67% | 2.80% | 1.99% | 3.96% | 1.54% | 0.72% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSNVX vs. FCQTX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -30.96%, which is greater than FCQTX's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for FSNVX and FCQTX.
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Drawdown Indicators
| FSNVX | FCQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -27.34% | -3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -10.21% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -27.34% | +0.13% |
Current DrawdownCurrent decline from peak | -8.71% | -9.83% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -6.02% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.34% | 0.00% |
Volatility
FSNVX vs. FCQTX - Volatility Comparison
Fidelity Freedom 2040 Fund Class K (FSNVX) has a higher volatility of 5.11% compared to American Funds 2065 Target Date Retirement Fund (FCQTX) at 4.62%. This indicates that FSNVX's price experiences larger fluctuations and is considered to be riskier than FCQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSNVX | FCQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 4.62% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 9.04% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 15.15% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 14.58% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 15.05% | +0.61% |