FSNZX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K (FSNZX) and S&P 500 Index (^GSPC).

FSNZX is managed by Fidelity. It was launched on Jul 20, 2017.

Performance

FSNZX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2045 Fund Class K (FSNZX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FSNZX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSNZX Fidelity Freedom 2045 Fund Class K	-0.38%	23.75%	14.20%	20.66%	-18.25%	16.70%	18.36%	25.55%	-8.89%	7.39%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	7.93%

Returns By Period

In the year-to-date period, FSNZX achieves a -0.38% return, which is significantly higher than ^GSPC's -3.95% return.

FSNZX

• 1D: 2.99%
• 1M: -5.66%
• YTD: -0.38%
• 6M: 3.05%
• 1Y: 22.64%
• 3Y*: 16.60%
• 5Y*: 8.63%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

FSNZX vs. ^GSPC — Risk / Return Rank

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

FSNZX

FSNZX Risk / Return Rank: 78
FSNZX Sharpe Ratio Rank: 78
FSNZX Sortino Ratio Rank: 79
FSNZX Omega Ratio Rank: 77
FSNZX Calmar Ratio Rank: 76
FSNZX Martin Ratio Rank: 82

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FSNZX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K (FSNZX) and S&P 500 Index (^GSPC). 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.

	FSNZX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.46	0.92	+0.54
Sortino ratio Return per unit of downside risk	2.06	1.41	+0.65
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.09
Calmar ratio Return relative to maximum drawdown	1.89	1.41	+0.47
Martin ratio Return relative to average drawdown	8.44	6.61	+1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSNZX vs. ^GSPC - Sharpe Ratio Comparison

The current FSNZX Sharpe Ratio is 1.46, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FSNZX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSNZX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.92	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.61	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.46	+0.19

Correlation

The correlation between FSNZX and ^GSPC is 0.93, 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.

Drawdowns

FSNZX vs. ^GSPC - Drawdown Comparison

The maximum FSNZX drawdown since its inception was -30.92%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FSNZX and ^GSPC.

Drawdown Indicators

	FSNZX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-30.92%	-56.78%	+25.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.23%	-12.14%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-27.30%	-25.43%	-1.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-6.82%	-5.78%	-1.04%
Average Drawdown Average peak-to-trough decline	-5.69%	-10.75%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.60%	-0.09%

Volatility

FSNZX vs. ^GSPC - Volatility Comparison

Fidelity Freedom 2045 Fund Class K (FSNZX) has a higher volatility of 6.48% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that FSNZX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSNZX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	5.37%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	9.55%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.14%	18.33%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	16.90%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	18.05%	-2.07%