FSNVX vs. FSPSX
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity International Index Fund (FSPSX).
FSNVX is managed by Fidelity. It was launched on Jul 20, 2017. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FSNVX vs. FSPSX - Performance Comparison
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FSNVX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | -2.91% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 7.13% |
Returns By Period
In the year-to-date period, FSNVX achieves a -2.91% return, which is significantly lower than FSPSX's -1.94% return.
FSNVX
- 1D
- -0.23%
- 1M
- -8.26%
- YTD
- -2.91%
- 6M
- 0.35%
- 1Y
- 18.25%
- 3Y*
- 15.60%
- 5Y*
- 8.33%
- 10Y*
- —
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FSNVX vs. FSPSX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FSNVX vs. FSPSX — Risk / Return Rank
FSNVX
FSPSX
FSNVX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity International Index Fund (FSPSX). 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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.11 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.56 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.54 | -0.03 |
Martin ratioReturn relative to average drawdown | 6.95 | 5.93 | +1.02 |
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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.11 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.51 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.46 | +0.19 |
Correlation
The correlation between FSNVX and FSPSX is 0.89, 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. FSPSX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 5.23%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FSNVX vs. FSPSX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -30.96%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FSNVX and FSPSX.
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Drawdown Indicators
| FSNVX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -33.69% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -11.39% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -29.41% | +2.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -8.71% | -10.86% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -6.59% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.96% | -0.62% |
Volatility
FSNVX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund Class K (FSNVX) is 5.11%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FSNVX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSNVX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 7.04% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 10.63% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 16.79% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 15.77% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 16.47% | -0.81% |