AOA vs. FFOPX
AOA (iShares Core 80/20 Aggressive Allocation ETF) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both funds - AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index, while FFOPX is a Target Retirement Date fund managed by Fidelity. Over the past 10 years, AOA returned 10.74%/yr vs 12.04%/yr for FFOPX. With a 0.98 correlation, they move nearly in lockstep. AOA charges 0.15%/yr vs 0.08%/yr for FFOPX.
Performance
AOA vs. FFOPX - Performance Comparison
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Returns By Period
In the year-to-date period, AOA achieves a 8.15% return, which is significantly lower than FFOPX's 9.75% return. Over the past 10 years, AOA has underperformed FFOPX with an annualized return of 10.74%, while FFOPX has yielded a comparatively higher 12.04% annualized return.
AOA
- 1D
- -0.03%
- 1M
- -0.21%
- YTD
- 8.15%
- 6M
- 7.34%
- 1Y
- 20.12%
- 3Y*
- 16.65%
- 5Y*
- 8.70%
- 10Y*
- 10.74%
FFOPX
- 1D
- -1.77%
- 1M
- -0.06%
- YTD
- 9.75%
- 6M
- 8.92%
- 1Y
- 22.95%
- 3Y*
- 18.24%
- 5Y*
- 9.30%
- 10Y*
- 12.04%
AOA vs. FFOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.15% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 20.05% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 9.75% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 20.61% |
Correlation
The correlation between AOA and FFOPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.98 |
The correlation between AOA and FFOPX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
AOA vs. FFOPX — Risk / Return Rank
AOA
FFOPX
AOA vs. FFOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 80/20 Aggressive Allocation ETF (AOA) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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.
| AOA | FFOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.73 | -0.26 |
| Martin ratioReturn relative to average drawdown | 10.68 | 11.71 | -1.04 |
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Drawdowns
AOA vs. FFOPX - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, smaller than the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for AOA and FFOPX.
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Drawdown Indicators
| AOA | FFOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -30.71% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -8.97% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | -14.72% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | -26.18% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | -30.71% | +2.33% |
Current DrawdownCurrent decline from peak | -2.11% | -2.42% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -4.66% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.09% | -0.20% |
Volatility
AOA vs. FFOPX - Volatility Comparison
The current volatility for iShares Core 80/20 Aggressive Allocation ETF (AOA) is 4.43%, while Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a volatility of 5.30%. This indicates that AOA experiences smaller price fluctuations and is considered to be less risky than FFOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOA | FFOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 5.30% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 10.42% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 12.45% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.08% | 14.53% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 15.16% | -1.65% |
AOA vs. FFOPX - Expense Ratio Comparison
AOA has a 0.15% expense ratio, which is higher than FFOPX's 0.08% 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
AOA vs. FFOPX - Dividend Comparison
AOA's dividend yield for the trailing twelve months is around 2.08%, more than FFOPX's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.08% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.82% | 2.01% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.32% | 2.09% | 2.14% | 2.01% |
Frequently Asked Questions
With a correlation of 0.99, AOA and FFOPX 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.
FFOPX has higher volatility (5.30%) compared to AOA (4.43%). In terms of maximum drawdown, AOA dropped -28.38% vs FFOPX's -30.71%.
FFOPX currently has the higher Sharpe Ratio (1.97 vs 1.81), 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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