FSNZX vs. FIOFX
Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K (FSNZX) and Fidelity Freedom Index 2045 Fund Investor Class (FIOFX).
FSNZX is managed by Fidelity. It was launched on Jul 20, 2017. FIOFX is managed by Fidelity. It was launched on Oct 2, 2009.
Performance
FSNZX vs. FIOFX - Performance Comparison
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FSNZX vs. FIOFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNZX Fidelity Freedom 2045 Fund Class K | -3.27% | 23.75% | 14.20% | 20.66% | -18.25% | 16.70% | 18.36% | 25.55% | -8.89% | 7.39% |
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | -4.08% | 21.40% | 14.14% | 19.90% | -18.21% | 15.95% | 16.43% | 25.96% | -7.24% | 7.55% |
Returns By Period
In the year-to-date period, FSNZX achieves a -3.27% return, which is significantly higher than FIOFX's -4.08% return.
FSNZX
- 1D
- -0.26%
- 1M
- -8.94%
- YTD
- -3.27%
- 6M
- 0.31%
- 1Y
- 19.70%
- 3Y*
- 15.46%
- 5Y*
- 8.26%
- 10Y*
- —
FIOFX
- 1D
- -0.17%
- 1M
- -8.42%
- YTD
- -4.08%
- 6M
- -1.19%
- 1Y
- 16.67%
- 3Y*
- 14.21%
- 5Y*
- 7.75%
- 10Y*
- 10.39%
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FSNZX vs. FIOFX - Expense Ratio Comparison
FSNZX has a 0.65% expense ratio, which is higher than FIOFX's 0.12% expense ratio.
Return for Risk
FSNZX vs. FIOFX — Risk / Return Rank
FSNZX
FIOFX
FSNZX vs. FIOFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K (FSNZX) and Fidelity Freedom Index 2045 Fund Investor Class (FIOFX). 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 | FIOFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.10 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.61 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.38 | +0.10 |
Martin ratioReturn relative to average drawdown | 6.81 | 6.46 | +0.35 |
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
| FSNZX | FIOFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.10 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.55 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.66 | -0.03 |
Correlation
The correlation between FSNZX and FIOFX is 0.99, 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
FSNZX vs. FIOFX - Dividend Comparison
FSNZX's dividend yield for the trailing twelve months is around 4.56%, more than FIOFX's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNZX Fidelity Freedom 2045 Fund Class K | 4.56% | 4.41% | 2.26% | 1.99% | 12.13% | 12.05% | 5.08% | 6.60% | 7.94% | 2.87% | 0.00% | 0.00% |
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 2.12% | 2.03% | 2.01% | 1.95% | 2.03% | 1.92% | 1.95% | 14.88% | 2.26% | 1.89% | 2.00% | 2.01% |
Drawdowns
FSNZX vs. FIOFX - Drawdown Comparison
The maximum FSNZX drawdown since its inception was -30.92%, roughly equal to the maximum FIOFX drawdown of -30.72%. Use the drawdown chart below to compare losses from any high point for FSNZX and FIOFX.
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Drawdown Indicators
| FSNZX | FIOFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.92% | -30.72% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -10.83% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -27.30% | -26.22% | -1.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.72% | — |
Current DrawdownCurrent decline from peak | -9.53% | -8.87% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -4.18% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.32% | +0.24% |
Volatility
FSNZX vs. FIOFX - Volatility Comparison
Fidelity Freedom 2045 Fund Class K (FSNZX) has a higher volatility of 5.52% compared to Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) at 4.89%. This indicates that FSNZX's price experiences larger fluctuations and is considered to be riskier than FIOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSNZX | FIOFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 4.89% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 8.63% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 15.15% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 14.25% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 15.08% | +0.87% |