FYTKX vs. FXAIX
FYTKX (Fidelity Freedom Income Fund Class K6) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FYTKX is a Target Retirement Date fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, FYTKX returned 3.41%/yr vs 13.60%/yr for FXAIX. A 0.64 correlation means they provide meaningful diversification when combined. FYTKX charges 0.37%/yr vs 0.02%/yr for FXAIX.
Performance
FYTKX vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, FYTKX achieves a 5.02% return, which is significantly lower than FXAIX's 9.79% return.
FYTKX
- 1D
- -0.17%
- 1M
- 1.18%
- YTD
- 5.02%
- 6M
- 5.00%
- 1Y
- 10.91%
- 3Y*
- 8.21%
- 5Y*
- 3.41%
- 10Y*
- —
FXAIX
- 1D
- -0.37%
- 1M
- 0.10%
- YTD
- 9.79%
- 6M
- 8.79%
- 1Y
- 25.51%
- 3Y*
- 21.39%
- 5Y*
- 13.60%
- 10Y*
- 15.80%
FYTKX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYTKX Fidelity Freedom Income Fund Class K6 | 5.02% | 10.61% | 4.60% | 8.42% | -11.23% | 3.25% | 9.07% | 10.71% | -1.84% | 3.46% |
FXAIX Fidelity 500 Index Fund | 9.79% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 10.82% |
Correlation
The correlation between FYTKX and FXAIX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.64 |
The correlation between FYTKX and FXAIX shifts across timeframes, from 0.63 (5 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FYTKX vs. FXAIX — Risk / Return Rank
FYTKX
FXAIX
FYTKX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K6 (FYTKX) 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.
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.
| FYTKX | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.39 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.02 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.30 | 13.62 | -0.32 |
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Drawdowns
FYTKX vs. FXAIX - Drawdown Comparison
The maximum FYTKX drawdown since its inception was -15.80%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FYTKX and FXAIX.
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Drawdown Indicators
| FYTKX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -33.79% | +17.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -8.89% | +5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -18.76% | +13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -24.50% | +8.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -0.17% | -1.72% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -3.79% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.97% | -1.12% |
Volatility
FYTKX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Freedom Income Fund Class K6 (FYTKX) is 2.28%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.68%. This indicates that FYTKX 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.
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Volatility by Period
| FYTKX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 4.68% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 9.84% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 12.50% | -7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 17.00% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 18.12% | -13.32% |
FYTKX vs. FXAIX - Expense Ratio Comparison
FYTKX has a 0.37% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FYTKX vs. FXAIX - Dividend Comparison
FYTKX's dividend yield for the trailing twelve months is around 3.17%, more than FXAIX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.04% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
FYTKX Fidelity Freedom Income Fund Class K6 | 3.17% | 3.53% | 3.38% | 3.13% | 6.05% | 6.26% | 4.48% | 3.80% | 5.33% | 2.65% | 0.00% | 0.00% |
Frequently Asked Questions
FYTKX and FXAIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXAIX has higher volatility (4.68%) compared to FYTKX (2.28%). In terms of maximum drawdown, FYTKX dropped -15.80% vs FXAIX's -33.79%.
FYTKX currently has the higher Sharpe Ratio (2.28 vs 2.15), 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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