FUIPX vs. FSPSX

Last updated Jun 25, 2026

FUIPX (Fidelity Freedom Index 2060 Fund) and FSPSX (Fidelity International Index Fund) are both mutual funds - FUIPX is a Target Retirement Date fund managed by Fidelity, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 5 years, FUIPX returned 9.36%/yr vs 8.74%/yr for FSPSX. Their correlation of 0.87 suggests significant overlap in exposure. FUIPX charges 0.06%/yr vs 0.04%/yr for FSPSX.

Performance

FUIPX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2060 Fund (FUIPX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUIPX achieves a 9.90% return, which is significantly higher than FSPSX's 8.45% return.

FUIPX

• 1D: -1.82%
• 1M: -0.08%
• YTD: 9.90%
• 6M: 9.07%
• 1Y: 23.13%
• 3Y*: 18.34%
• 5Y*: 9.36%
• 10Y*: —

FSPSX

• 1D: -2.06%
• 1M: -0.00%
• YTD: 8.45%
• 6M: 8.19%
• 1Y: 20.69%
• 3Y*: 16.92%
• 5Y*: 8.74%
• 10Y*: 10.06%

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

FUIPX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FUIPX Fidelity Freedom Index 2060 Fund	9.90%	21.50%	14.23%	19.99%	-18.17%	16.00%	23.45%
FSPSX Fidelity International Index Fund	8.45%	31.98%	3.70%	18.31%	-14.23%	11.45%	18.84%

Correlation

The correlation between FUIPX and FSPSX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020	0.87

The correlation between FUIPX and FSPSX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

FUIPX vs. FSPSX — Risk / Return Rank

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

FUIPX

FUIPX Risk / Return Rank: 57
FUIPX Sharpe Ratio Rank: 55
FUIPX Sortino Ratio Rank: 52
FUIPX Omega Ratio Rank: 54
FUIPX Calmar Ratio Rank: 58
FUIPX Martin Ratio Rank: 66

FSPSX

FSPSX Risk / Return Rank: 31
FSPSX Sharpe Ratio Rank: 30
FSPSX Sortino Ratio Rank: 30
FSPSX Omega Ratio Rank: 30
FSPSX Calmar Ratio Rank: 31
FSPSX Martin Ratio Rank: 35

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.

FUIPX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund (FUIPX) and Fidelity International Index Fund (FSPSX). 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.

	FUIPX	FSPSX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.45	+0.52
Sortino ratio: Return per unit of downside risk	2.70	2.07	+0.63
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.10
Calmar ratio: Return relative to maximum drawdown	2.73	1.96	+0.77
Martin ratio: Return relative to average drawdown	11.70	7.32	+4.38

FUIPX vs. FSPSX - Sharpe Ratio Comparison

The current FUIPX Sharpe Ratio is 1.97, which is higher than the FSPSX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FUIPX and FSPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUIPX vs. FSPSX - Drawdown Comparison

The maximum FUIPX drawdown since its inception was -26.20%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FUIPX and FSPSX.

Drawdown Indicators

	FUIPX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	-26.20%	-33.69%	+7.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-11.39%	+2.33%
Max Drawdown (3Y) Largest decline over 3 years	-14.72%	-13.58%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-26.20%	-29.41%	+3.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	-2.47%	-2.06%	-0.41%
Average Drawdown Average peak-to-trough decline	-5.33%	-6.53%	+1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	3.04%	-0.93%

Volatility

FUIPX vs. FSPSX - Volatility Comparison

Fidelity Freedom Index 2060 Fund (FUIPX) and Fidelity International Index Fund (FSPSX) have volatilities of 5.42% and 5.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUIPX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	5.23%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	12.85%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	15.38%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	16.09%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.29%	16.33%	-2.04%

FUIPX vs. FSPSX - Expense Ratio Comparison

FUIPX has a 0.06% expense ratio, which is higher than FSPSX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FUIPX vs. FSPSX - Dividend Comparison

FUIPX's dividend yield for the trailing twelve months is around 1.77%, less than FSPSX's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPSX Fidelity International Index Fund	2.91%	3.15%	3.27%	2.79%	2.66%	3.07%	1.84%	3.18%	2.79%	2.50%	3.08%	2.79%
FUIPX Fidelity Freedom Index 2060 Fund	1.77%	2.00%	2.01%	1.96%	2.05%	1.97%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FUIPX and FSPSX in my portfolio?

FUIPX and FSPSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUIPX or FSPSX?

FUIPX has higher volatility (5.42%) compared to FSPSX (5.23%). In terms of maximum drawdown, FUIPX dropped -26.20% vs FSPSX's -33.69%.

Which has better risk-adjusted returns?

FUIPX currently has the higher Sharpe Ratio (1.97 vs 1.45), 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.