FSNVX vs. FHTKX
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity Freedom 2040 Fund Class K6 (FHTKX).
FSNVX is managed by Fidelity. It was launched on Jul 20, 2017. FHTKX is managed by Fidelity. It was launched on Sep 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNVX or FHTKX.
Correlation
The correlation between FSNVX and FHTKX is 0.91, 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
FSNVX vs. FHTKX - Performance Comparison
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Key characteristics
FSNVX:
0.42
FHTKX:
0.43
FSNVX:
0.71
FHTKX:
0.73
FSNVX:
1.10
FHTKX:
1.10
FSNVX:
0.44
FHTKX:
0.47
FSNVX:
1.97
FHTKX:
2.05
FSNVX:
3.42%
FHTKX:
3.41%
FSNVX:
15.51%
FHTKX:
15.52%
FSNVX:
-35.64%
FHTKX:
-35.56%
FSNVX:
-3.48%
FHTKX:
-2.92%
Returns By Period
The year-to-date returns for both investments are quite close, with FSNVX having a 3.55% return and FHTKX slightly higher at 3.65%.
FSNVX
3.55%
7.16%
1.31%
6.46%
10.02%
7.42%
N/A
FHTKX
3.65%
7.19%
1.43%
6.69%
10.25%
7.58%
N/A
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FSNVX vs. FHTKX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than FHTKX's 0.50% expense ratio.
Risk-Adjusted Performance
FSNVX vs. FHTKX — Risk-Adjusted Performance Rank
FSNVX
FHTKX
FSNVX vs. FHTKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity Freedom 2040 Fund Class K6 (FHTKX). 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.
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Dividends
FSNVX vs. FHTKX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 1.54%, less than FHTKX's 5.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 1.54% | 1.59% | 1.45% | 2.16% | 2.32% | 1.11% | 1.56% | 1.76% | 1.28% |
FHTKX Fidelity Freedom 2040 Fund Class K6 | 5.14% | 3.03% | 2.00% | 12.68% | 12.37% | 5.93% | 7.00% | 8.48% | 3.12% |
Drawdowns
FSNVX vs. FHTKX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -35.64%, roughly equal to the maximum FHTKX drawdown of -35.56%. Use the drawdown chart below to compare losses from any high point for FSNVX and FHTKX. For additional features, visit the drawdowns tool.
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Volatility
FSNVX vs. FHTKX - Volatility Comparison
Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity Freedom 2040 Fund Class K6 (FHTKX) have volatilities of 4.22% and 4.22%, 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.
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