FLXSX’s worst drop since 2017 was 42%
Fidelity Freedom Index 2065 Fund (FLXSX) fell 42% from Aug 2018 to Mar 2020. It took 2.2 years from that peak to close at a new high, in Nov 2020. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 57th of the 109 mutual funds PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2017 to now
How FLXSX held up in each crash
| Crash | Years | FLXSX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −41.7% | −33.7% |
| 2022 rate shock | 2022 | −27.0% | −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 FLXSX’s maximum drawdown?
FLXSX’s deepest fall since 2017 was 41.7%, from its high on August 31, 2018 to its low on March 18, 2020. The figure uses daily prices with dividends reinvested.
How long did FLXSX take to recover?
2.2 years. FLXSX first closed above its Aug 2018 high again on November 9, 2020.
Was FLXSX riskier than the S&P 500?
Over the same years, FLXSX’s worst drop was 41.7% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −35.3% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, March 10, 2017 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.