EAOA vs. FDEWX

Last updated Jun 3, 2026

EAOA (iShares ESG Aware Aggressive Allocation ETF) and FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) are both funds - EAOA is a Diversified Portfolio fund tracking the BlackRock ESG Aware Aggressive Allocation Index, while FDEWX is a Target Retirement Date fund managed by Fidelity. Over the past 5 years, EAOA returned 8.85%/yr vs 9.96%/yr for FDEWX. With a 0.99 correlation, they move nearly in lockstep. EAOA charges 0.18%/yr vs 0.12%/yr for FDEWX.

Performance

EAOA vs. FDEWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware Aggressive Allocation ETF (EAOA) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EAOA achieves a 10.71% return, which is significantly lower than FDEWX's 12.11% return.

EAOA

• 1D: 0.38%
• 1M: 4.64%
• YTD: 10.71%
• 6M: 11.62%
• 1Y: 25.70%
• 3Y*: 17.47%
• 5Y*: 8.85%
• 10Y*: —

FDEWX

• 1D: 0.35%
• 1M: 4.70%
• YTD: 12.11%
• 6M: 13.42%
• 1Y: 28.40%
• 3Y*: 19.36%
• 5Y*: 9.96%
• 10Y*: 11.90%

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

EAOA vs. FDEWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EAOA iShares ESG Aware Aggressive Allocation ETF	10.71%	18.41%	13.79%	18.27%	-17.76%	14.52%	19.79%
FDEWX Fidelity Freedom Index 2055 Fund Investor Class	12.11%	21.39%	14.14%	19.95%	-18.01%	15.88%	21.69%

Correlation

The correlation between EAOA and FDEWX 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	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.99

The correlation between EAOA and FDEWX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

EAOA vs. FDEWX - Sectors Allocation Comparison

Sectors	EAOA	FDEWX
Technology	28.9%	25.9%
Financial Services	13.5%	17.1%
Industrials	9.0%	11.7%
Consumer Cyclical	7.7%	9.4%
Communication Services	7.3%	8.0%
Healthcare	6.8%	9.1%
Consumer Defensive	3.7%	5.2%
Energy	3.0%	4.7%
Basic Materials	2.4%	4.1%
Utilities	2.3%	2.8%
Real Estate	1.6%	2.1%

Return for Risk

EAOA vs. FDEWX — Risk / Return Rank

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

EAOA

EAOA Risk / Return Rank: 71
EAOA Sharpe Ratio Rank: 72
EAOA Sortino Ratio Rank: 74
EAOA Omega Ratio Rank: 72
EAOA Calmar Ratio Rank: 63
EAOA Martin Ratio Rank: 74

FDEWX

FDEWX Risk / Return Rank: 71
FDEWX Sharpe Ratio Rank: 75
FDEWX Sortino Ratio Rank: 69
FDEWX Omega Ratio Rank: 68
FDEWX Calmar Ratio Rank: 68
FDEWX Martin Ratio Rank: 75

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.

EAOA vs. FDEWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). 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.

	EAOA	FDEWX	Difference
Sharpe ratio Return per unit of total volatility	2.41	2.51	-0.10
Sortino ratio Return per unit of downside risk	3.38	3.47	-0.09
Omega ratio Gain probability vs. loss probability	1.44	1.46	-0.02
Calmar ratio Return relative to maximum drawdown	3.20	3.20	0.00
Martin ratio Return relative to average drawdown	14.21	14.16	+0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAOA vs. FDEWX - Sharpe Ratio Comparison

The current EAOA Sharpe Ratio is 2.41, which is comparable to the FDEWX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of EAOA and FDEWX, 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

	EAOA	FDEWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.51	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.70	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.69	+0.24

Drawdowns

EAOA vs. FDEWX - Drawdown Comparison

The maximum EAOA drawdown since its inception was -25.06%, smaller than the maximum FDEWX drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for EAOA and FDEWX.

Drawdown Indicators

	EAOA	FDEWX	Difference
Max Drawdown Largest peak-to-trough decline	-25.06%	-30.69%	+5.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.17%	-9.07%	+0.90%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-14.74%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	-26.22%	+1.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.69%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.31%	-4.23%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.05%	-0.21%

Volatility

EAOA vs. FDEWX - Volatility Comparison

The current volatility for iShares ESG Aware Aggressive Allocation ETF (EAOA) is 3.33%, while Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) has a volatility of 3.52%. This indicates that EAOA experiences smaller price fluctuations and is considered to be less risky than FDEWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EAOA	FDEWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	3.52%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	9.40%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	10.72%	11.63%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.24%	14.39%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	15.17%	-2.03%

EAOA vs. FDEWX - Expense Ratio Comparison

EAOA has a 0.18% expense ratio, which is higher than FDEWX'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

EAOA vs. FDEWX - Dividend Comparison

EAOA's dividend yield for the trailing twelve months is around 1.94%, more than FDEWX's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EAOA iShares ESG Aware Aggressive Allocation ETF	1.94%	2.10%	2.09%	2.21%	1.93%	1.48%	1.12%	0.00%	0.00%	0.00%	0.00%	0.00%
FDEWX Fidelity Freedom Index 2055 Fund Investor Class	1.69%	1.97%	1.98%	1.92%	2.24%	1.89%	1.85%	10.83%	2.36%	1.93%	2.42%	2.31%

Frequently Asked Questions

Can I hold both EAOA and FDEWX in my portfolio?

With a correlation of 0.99, EAOA and FDEWX 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.

Which is riskier, EAOA or FDEWX?

FDEWX has higher volatility (3.52%) compared to EAOA (3.33%). In terms of maximum drawdown, EAOA dropped -25.06% vs FDEWX's -30.69%.

Which has better risk-adjusted returns?

FDEWX currently has the higher Sharpe Ratio (2.51 vs 2.41), 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.