FSNVX vs. SSBRX
FSNVX (Fidelity Freedom 2040 Fund Class K) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 5 years, FSNVX returned 9.89%/yr vs 4.99%/yr for SSBRX. Their correlation of 0.95 means they have usually moved in the same direction. FSNVX charges 0.65%/yr vs 0.13%/yr for SSBRX.
Performance
FSNVX vs. SSBRX - Performance Comparison
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Returns By Period
In the year-to-date period, FSNVX achieves a 12.13% return, which is significantly higher than SSBRX's 6.58% return.
FSNVX
- 1D
- 1.12%
- 1M
- 0.35%
- 6M
- 7.94%
- YTD
- 12.13%
- 1Y
- 22.05%
- 3Y*
- 18.98%
- 5Y*
- 9.89%
- 10Y*
- —
- ALL TIME*
- 11.41%
SSBRX
- 1D
- 0.37%
- 1M
- 0.45%
- 6M
- 4.67%
- YTD
- 6.58%
- 1Y
- 12.12%
- 3Y*
- 11.20%
- 5Y*
- 4.99%
- 10Y*
- 7.61%
- ALL TIME*
- 7.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSNVX vs. SSBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 12.13% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
SSBRX State Street Target Retirement 2025 Fund | 6.58% | 12.93% | 8.73% | 13.61% | -15.51% | 10.03% | 14.68% | 20.73% | -5.47% | 4.05% |
Correlation
The correlation between FSNVX and SSBRX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.95 |
The correlation between FSNVX and SSBRX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
FSNVX vs. SSBRX — Risk / Return Rank
FSNVX
SSBRX
FSNVX vs. SSBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) and State Street Target Retirement 2025 Fund (SSBRX). 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 | SSBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.92 | -0.19 |
| Martin ratioReturn relative to average drawdown | 11.30 | 12.67 | -1.37 |
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Drawdowns
FSNVX vs. SSBRX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -30.96%, which is greater than SSBRX's maximum drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for FSNVX and SSBRX.
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Drawdown Indicators
| FSNVX | SSBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -21.96% | -9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -4.44% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -7.36% | -6.72% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -21.13% | -6.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.96% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.15% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -3.68% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.02% | +1.08% |
Volatility
FSNVX vs. SSBRX - Volatility Comparison
Fidelity Freedom 2040 Fund Class K (FSNVX) has a higher volatility of 4.02% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.51%. This indicates that FSNVX's price experiences larger fluctuations and is considered to be riskier than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSNVX | SSBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 1.51% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 4.88% | +6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 5.93% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 8.86% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 9.75% | +5.90% |
FSNVX vs. SSBRX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is higher than SSBRX's 0.13% expense ratio.
Dividends
FSNVX vs. SSBRX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 6.36%, more than SSBRX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 6.36% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% | 0.00% | 0.00% |
SSBRX State Street Target Retirement 2025 Fund | 5.69% | 6.07% | 6.67% | 4.60% | 6.60% | 6.44% | 4.74% | 6.58% | 5.35% | 0.60% | 1.84% | 2.38% |
Frequently Asked Questions
With a correlation of 0.93, FSNVX and SSBRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSNVX has higher volatility (4.02%) compared to SSBRX (1.51%). In terms of maximum drawdown, FSNVX dropped -30.96% vs SSBRX's -21.96%.
SSBRX currently has the higher Sharpe Ratio (2.19 vs 1.87), 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.
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