SWYBX vs. FFFAX
SWYBX (Schwab Target 2015 Index Fund) and FFFAX (Fidelity Freedom Income Fund) are both Target Retirement Date funds. Over the past 5 years, SWYBX returned 5.07%/yr vs 3.29%/yr for FFFAX. Their correlation of 0.85 suggests significant overlap in exposure. SWYBX charges 0.04%/yr vs 0.47%/yr for FFFAX.
Performance
SWYBX vs. FFFAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SWYBX having a 5.11% return and FFFAX slightly lower at 5.09%.
SWYBX
- 1D
- 0.50%
- 1M
- 0.93%
- YTD
- 5.11%
- 6M
- 5.09%
- 1Y
- 13.20%
- 3Y*
- 10.08%
- 5Y*
- 5.07%
- 10Y*
- —
FFFAX
- 1D
- 0.60%
- 1M
- 1.33%
- YTD
- 5.09%
- 6M
- 5.22%
- 1Y
- 11.22%
- 3Y*
- 7.89%
- 5Y*
- 3.29%
- 10Y*
- 4.57%
SWYBX vs. FFFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWYBX Schwab Target 2015 Index Fund | 5.11% | 11.88% | 7.59% | 12.68% | -13.59% | 7.67% | 10.93% | 14.99% | -2.59% | 9.85% |
FFFAX Fidelity Freedom Income Fund | 5.09% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -1.99% | 8.21% |
Correlation
The correlation between SWYBX and FFFAX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016 | 0.85 |
The correlation between SWYBX and FFFAX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
SWYBX vs. FFFAX — Risk / Return Rank
SWYBX
FFFAX
SWYBX vs. FFFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2015 Index Fund (SWYBX) and Fidelity Freedom Income Fund (FFFAX). 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.
| SWYBX | FFFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.06 | -0.12 |
| Martin ratioReturn relative to average drawdown | 13.07 | 13.16 | -0.09 |
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Drawdowns
SWYBX vs. FFFAX - Drawdown Comparison
The maximum SWYBX drawdown since its inception was -20.49%, which is greater than FFFAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for SWYBX and FFFAX.
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Drawdown Indicators
| SWYBX | FFFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -17.96% | -2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -3.68% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -4.91% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -15.87% | -4.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.87% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.00% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -1.79% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.85% | +0.16% |
Volatility
SWYBX vs. FFFAX - Volatility Comparison
Schwab Target 2015 Index Fund (SWYBX) and Fidelity Freedom Income Fund (FFFAX) have volatilities of 2.33% and 2.35%, 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.
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Volatility by Period
| SWYBX | FFFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.35% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 4.35% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 4.97% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.20% | 5.45% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 4.68% | +3.16% |
SWYBX vs. FFFAX - Expense Ratio Comparison
SWYBX has a 0.04% expense ratio, which is lower than FFFAX's 0.47% expense ratio.
Dividends
SWYBX vs. FFFAX - Dividend Comparison
SWYBX's dividend yield for the trailing twelve months is around 4.30%, more than FFFAX's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 2.94% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
SWYBX Schwab Target 2015 Index Fund | 4.30% | 4.52% | 3.67% | 2.38% | 2.61% | 2.74% | 2.32% | 2.23% | 1.77% | 1.44% | 0.78% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, SWYBX and FFFAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FFFAX has higher volatility (2.35%) compared to SWYBX (2.33%). In terms of maximum drawdown, SWYBX dropped -20.49% vs FFFAX's -17.96%.
FFFAX currently has the higher Sharpe Ratio (2.27 vs 2.22), 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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