AVGV vs. FKIFX

Last updated Jun 4, 2026

AVGV (Avantis ALL Equity Markets Value ETF) and FKIFX (Fidelity Freedom Index 2010 Fund Investor Class) are both funds - AVGV is a Global Equities fund actively managed by Avantis, while FKIFX is a Target Retirement Date fund managed by Fidelity. Over the past year, AVGV returned 36.52% vs 11.49% for FKIFX. A 0.71 correlation means they provide meaningful diversification when combined. AVGV charges 0.26%/yr vs 0.12%/yr for FKIFX.

Performance

AVGV vs. FKIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis ALL Equity Markets Value ETF (AVGV) and Fidelity Freedom Index 2010 Fund Investor Class (FKIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGV achieves a 16.99% return, which is significantly higher than FKIFX's 4.56% return.

AVGV

• 1D: -0.48%
• 1M: 4.06%
• YTD: 16.99%
• 6M: 18.62%
• 1Y: 36.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FKIFX

• 1D: 0.14%
• 1M: 1.92%
• YTD: 4.56%
• 6M: 4.71%
• 1Y: 11.49%
• 3Y*: 8.58%
• 5Y*: 3.65%
• 10Y*: 5.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGV vs. FKIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVGV Avantis ALL Equity Markets Value ETF	16.99%	22.57%	11.26%	11.36%
FKIFX Fidelity Freedom Index 2010 Fund Investor Class	4.56%	10.21%	5.70%	4.68%

Correlation

The correlation between AVGV and FKIFX is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.71

The correlation between AVGV and FKIFX has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

Return for Risk

AVGV vs. FKIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVGV

AVGV Risk / Return Rank: 84
AVGV Sharpe Ratio Rank: 85
AVGV Sortino Ratio Rank: 86
AVGV Omega Ratio Rank: 82
AVGV Calmar Ratio Rank: 83
AVGV Martin Ratio Rank: 84

FKIFX

FKIFX Risk / Return Rank: 76
FKIFX Sharpe Ratio Rank: 81
FKIFX Sortino Ratio Rank: 81
FKIFX Omega Ratio Rank: 81
FKIFX Calmar Ratio Rank: 66
FKIFX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGV vs. FKIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis ALL Equity Markets Value ETF (AVGV) and Fidelity Freedom Index 2010 Fund Investor Class (FKIFX). 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.

	AVGV	FKIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.84	2.62	+0.22
Sortino ratio: Return per unit of downside risk	3.93	3.83	+0.11
Omega ratio: Gain probability vs. loss probability	1.51	1.53	-0.02
Calmar ratio: Return relative to maximum drawdown	4.52	3.13	+1.38
Martin ratio: Return relative to average drawdown	17.72	14.06	+3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGV vs. FKIFX - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.84, which is comparable to the FKIFX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of AVGV and FKIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVGV	FKIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	2.62	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	0.85	+0.61

Drawdowns

AVGV vs. FKIFX - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, roughly equal to the maximum FKIFX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for AVGV and FKIFX.

Drawdown Indicators

	AVGV	FKIFX	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-17.50%	+0.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-3.68%	-4.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.50%	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-2.30%	-2.46%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	0.82%	+1.25%

Volatility

AVGV vs. FKIFX - Volatility Comparison

Avantis ALL Equity Markets Value ETF (AVGV) has a higher volatility of 3.66% compared to Fidelity Freedom Index 2010 Fund Investor Class (FKIFX) at 1.66%. This indicates that AVGV's price experiences larger fluctuations and is considered to be riskier than FKIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGV	FKIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	1.66%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	3.65%	+6.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	4.41%	+8.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	6.13%	+8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	6.13%	+8.84%

AVGV vs. FKIFX - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is higher than FKIFX's 0.12% 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

AVGV vs. FKIFX - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 1.89%, less than FKIFX's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGV Avantis ALL Equity Markets Value ETF	1.89%	1.98%	2.32%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FKIFX Fidelity Freedom Index 2010 Fund Investor Class	3.74%	4.53%	4.99%	3.28%	3.71%	3.61%	2.56%	16.42%	4.74%	1.84%	1.84%	1.78%

Frequently Asked Questions

Can I hold both AVGV and FKIFX in my portfolio?

AVGV and FKIFX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGV or FKIFX?

AVGV has higher volatility (3.66%) compared to FKIFX (1.66%). In terms of maximum drawdown, AVGV dropped -17.03% vs FKIFX's -17.50%.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.84 vs 2.62), 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.