FSNVX vs. FCTDX

Last updated Jun 24, 2026

FSNVX (Fidelity Freedom 2040 Fund Class K) and FCTDX (Strategic Advisers Fidelity U.S. Total Stock Fund) are both mutual funds - FSNVX is a Target Retirement Date fund managed by Fidelity, while FCTDX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 5 years, FSNVX returned 10.29%/yr vs 12.70%/yr for FCTDX. Their correlation of 0.92 suggests significant overlap in exposure. FSNVX charges 0.65%/yr vs 0.61%/yr for FCTDX.

Performance

FSNVX vs. FCTDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2040 Fund Class K (FSNVX) and Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with FSNVX at 12.75% and FCTDX at 12.75%.

FSNVX

• 1D: -0.27%
• 1M: 2.69%
• YTD: 12.75%
• 6M: 12.32%
• 1Y: 27.68%
• 3Y*: 20.24%
• 5Y*: 10.29%
• 10Y*: —

FCTDX

• 1D: -0.31%
• 1M: 1.93%
• YTD: 12.75%
• 6M: 11.59%
• 1Y: 26.30%
• 3Y*: 21.48%
• 5Y*: 12.70%
• 10Y*: —

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

FSNVX vs. FCTDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSNVX Fidelity Freedom 2040 Fund Class K	12.75%	22.12%	16.08%	20.08%	-18.17%	16.62%	18.44%	25.49%	-8.61%
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund	12.75%	15.63%	23.13%	26.72%	-17.93%	25.40%	22.20%	29.99%	-5.32%

Correlation

The correlation between FSNVX and FCTDX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 2, 2018	0.92

The correlation between FSNVX and FCTDX shifts across timeframes, from 0.78 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSNVX vs. FCTDX — Risk / Return Rank

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

FSNVX

FSNVX Risk / Return Rank: 77
FSNVX Sharpe Ratio Rank: 77
FSNVX Sortino Ratio Rank: 73
FSNVX Omega Ratio Rank: 75
FSNVX Calmar Ratio Rank: 77
FSNVX Martin Ratio Rank: 83

FCTDX

FCTDX Risk / Return Rank: 79
FCTDX Sharpe Ratio Rank: 78
FCTDX Sortino Ratio Rank: 74
FCTDX Omega Ratio Rank: 71
FCTDX Calmar Ratio Rank: 83
FCTDX Martin Ratio Rank: 90

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.

FSNVX vs. FCTDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX). 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.

	FSNVX	FCTDX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.38	-0.02
Sortino ratio: Return per unit of downside risk	3.23	3.26	-0.03
Omega ratio: Gain probability vs. loss probability	1.44	1.43	+0.01
Calmar ratio: Return relative to maximum drawdown	3.30	3.64	-0.34
Martin ratio: Return relative to average drawdown	14.29	16.73	-2.43

FSNVX vs. FCTDX - Sharpe Ratio Comparison

The current FSNVX Sharpe Ratio is 2.36, which is comparable to the FCTDX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of FSNVX and FCTDX, 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

FSNVX vs. FCTDX - Drawdown Comparison

The maximum FSNVX drawdown since its inception was -30.96%, smaller than the maximum FCTDX drawdown of -34.51%. Use the drawdown chart below to compare losses from any high point for FSNVX and FCTDX.

Drawdown Indicators

	FSNVX	FCTDX	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-34.51%	+3.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-8.96%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-19.08%	+5.00%
Max Drawdown (5Y) Largest decline over 5 years	-27.21%	-24.92%	-2.29%
Current Drawdown Current decline from peak	-0.27%	-0.85%	+0.58%
Average Drawdown Average peak-to-trough decline	-5.55%	-5.17%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.82%	+0.19%

Volatility

FSNVX vs. FCTDX - Volatility Comparison

Fidelity Freedom 2040 Fund Class K (FSNVX) and Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) have volatilities of 4.97% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSNVX	FCTDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	5.09%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	10.93%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	13.76%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	17.59%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	19.67%	-4.00%

FSNVX vs. FCTDX - Expense Ratio Comparison

FSNVX has a 0.65% expense ratio, which is higher than FCTDX's 0.61% expense ratio.

Dividends

FSNVX vs. FCTDX - Dividend Comparison

FSNVX's dividend yield for the trailing twelve months is around 6.32%, more than FCTDX's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund	1.69%	1.90%	4.33%	2.26%	5.75%	7.90%	2.73%	2.89%	2.38%	0.00%
FSNVX Fidelity Freedom 2040 Fund Class K	6.32%	5.08%	5.22%	1.85%	12.39%	12.13%	5.74%	6.76%	8.06%	3.10%

Frequently Asked Questions

Can I hold both FSNVX and FCTDX in my portfolio?

FSNVX and FCTDX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSNVX or FCTDX?

FCTDX has higher volatility (5.09%) compared to FSNVX (4.97%). In terms of maximum drawdown, FSNVX dropped -30.96% vs FCTDX's -34.51%.

Which has better risk-adjusted returns?

FCTDX currently has the higher Sharpe Ratio (2.38 vs 2.36), 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.