FFFFX’s worst drop since 2000 was 54%
Fidelity Freedom 2040 Fund (FFFFX) fell 54% from Oct 2007 to Mar 2009. It took 5.2 years from that peak to close at a new high, in Feb 2013. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 32nd deepest among the 109 mutual funds PortfolioAutopsy tracks.
Drawdown from the last high, 2000 to now
How FFFFX held up in each crash
| Crash | Years | FFFFX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −54.1% | −55.2% |
| COVID crash | 2020 | −30.9% | −33.7% |
| 2022 rate shock | 2022 | −26.1% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was FFFFX’s maximum drawdown?
FFFFX’s deepest fall since 2000 was 54.1%, from its high on October 31, 2007 to its low on March 9, 2009. The figure uses daily prices with dividends reinvested.
How long did FFFFX take to recover?
5.2 years. FFFFX first closed above its Oct 2007 high again on February 1, 2013.
Was FFFFX riskier than the S&P 500?
Over the same years, FFFFX’s worst drop was 54.1% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −47.1% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, September 7, 2000 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.