FSNZX vs. FXAIX
Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K (FSNZX) and Fidelity 500 Index Fund (FXAIX).
FSNZX is managed by Fidelity. It was launched on Jul 20, 2017. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSNZX or FXAIX.
Key characteristics
| FSNZX | FXAIX | |
|---|---|---|
| YTD Return | 16.83% | 26.92% |
| 1Y Return | 28.03% | 37.57% |
| 3Y Return (Ann) | -0.71% | 10.24% |
| 5Y Return (Ann) | 5.40% | 15.96% |
| Sharpe Ratio | 2.45 | 3.05 |
| Sortino Ratio | 3.40 | 4.06 |
| Omega Ratio | 1.45 | 1.57 |
| Calmar Ratio | 1.19 | 4.44 |
| Martin Ratio | 15.89 | 20.09 |
| Ulcer Index | 1.77% | 1.86% |
| Daily Std Dev | 11.49% | 12.28% |
| Max Drawdown | -35.63% | -33.79% |
| Current Drawdown | -2.23% | -0.28% |
Correlation
The correlation between FSNZX and FXAIX is 0.92, 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.
Performance
FSNZX vs. FXAIX - Performance Comparison
In the year-to-date period, FSNZX achieves a 16.83% return, which is significantly lower than FXAIX's 26.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSNZX vs. FXAIX - Expense Ratio Comparison
FSNZX has a 0.65% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FSNZX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K (FSNZX) and Fidelity 500 Index Fund (FXAIX). 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
FSNZX vs. FXAIX - Dividend Comparison
FSNZX's dividend yield for the trailing twelve months is around 1.21%, which matches FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNZX Fidelity Freedom 2045 Fund Class K | 1.21% | 1.41% | 2.17% | 2.32% | 1.10% | 1.55% | 1.76% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FSNZX vs. FXAIX - Drawdown Comparison
The maximum FSNZX drawdown since its inception was -35.63%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSNZX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FSNZX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund Class K (FSNZX) is 3.22%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.85%. This indicates that FSNZX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.