FSNVX vs. FXNAX
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity U.S. Bond Index Fund (FXNAX).
FSNVX is managed by Fidelity. It was launched on Jul 20, 2017. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNVX or FXNAX.
Correlation
The correlation between FSNVX and FXNAX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FSNVX vs. FXNAX - Performance Comparison
Key characteristics
FSNVX:
0.47
FXNAX:
1.32
FSNVX:
0.76
FXNAX:
1.98
FSNVX:
1.10
FXNAX:
1.23
FSNVX:
0.47
FXNAX:
0.50
FSNVX:
2.18
FXNAX:
3.25
FSNVX:
3.30%
FXNAX:
2.16%
FSNVX:
15.35%
FXNAX:
5.30%
FSNVX:
-35.64%
FXNAX:
-19.64%
FSNVX:
-6.55%
FXNAX:
-8.23%
Returns By Period
In the year-to-date period, FSNVX achieves a 0.26% return, which is significantly lower than FXNAX's 2.06% return.
FSNVX
0.26%
-0.17%
-1.91%
6.92%
6.76%
N/A
FXNAX
2.06%
-0.19%
1.57%
7.01%
-1.15%
1.27%
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FSNVX vs. FXNAX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FSNVX vs. FXNAX — Risk-Adjusted Performance Rank
FSNVX
FXNAX
FSNVX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
Dividends
FSNVX vs. FXNAX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 1.59%, less than FXNAX's 3.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 1.59% | 1.59% | 1.45% | 2.16% | 2.32% | 1.11% | 1.56% | 1.76% | 1.28% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.12% | 3.40% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% |
Drawdowns
FSNVX vs. FXNAX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -35.64%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FSNVX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FSNVX vs. FXNAX - Volatility Comparison
Fidelity Freedom 2040 Fund Class K (FSNVX) has a higher volatility of 10.44% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 2.01%. This indicates that FSNVX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.