FCLSX vs. URFFX
FCLSX (Fidelity Flex Freedom Blend 2040 Fund) and URFFX (USAA Target Retirement 2050 Fund) are both Target Retirement Date funds. Over the past 5 years, FCLSX returned 10.33%/yr vs 9.38%/yr for URFFX. Their 0.96 correlation means they have historically moved very closely together. FCLSX charges 0.00%/yr vs 0.58%/yr for URFFX.
Performance
FCLSX vs. URFFX - Performance Comparison
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Returns By Period
In the year-to-date period, FCLSX achieves a 10.72% return, which is significantly lower than URFFX's 13.05% return.
FCLSX
- 1D
- 1.97%
- 1M
- -1.02%
- 6M
- 7.22%
- YTD
- 10.72%
- 1Y
- 22.07%
- 3Y*
- 18.07%
- 5Y*
- 10.33%
- 10Y*
- —
- ALL TIME*
- 11.82%
URFFX
- 1D
- 1.41%
- 1M
- 0.64%
- 6M
- 9.62%
- YTD
- 13.05%
- 1Y
- 24.29%
- 3Y*
- 16.22%
- 5Y*
- 9.38%
- 10Y*
- 10.12%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FCLSX vs. URFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCLSX Fidelity Flex Freedom Blend 2040 Fund | 10.72% | 21.45% | 18.16% | 20.51% | -17.74% | 16.91% | 18.37% | 25.92% | -8.31% | 10.11% |
URFFX USAA Target Retirement 2050 Fund | 13.05% | 19.35% | 11.86% | 18.12% | -15.66% | 17.70% | 10.52% | 20.16% | -9.01% | 8.68% |
Correlation
The correlation between FCLSX and URFFX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.96 |
The correlation between FCLSX and URFFX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
FCLSX vs. URFFX — Risk / Return Rank
FCLSX
URFFX
FCLSX vs. URFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend 2040 Fund (FCLSX) and USAA Target Retirement 2050 Fund (URFFX). 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.
| FCLSX | URFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.87 | -0.48 |
| Martin ratioReturn relative to average drawdown | 9.90 | 12.30 | -2.40 |
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Drawdowns
FCLSX vs. URFFX - Drawdown Comparison
The maximum FCLSX drawdown since its inception was -31.26%, smaller than the maximum URFFX drawdown of -44.25%. Use the drawdown chart below to compare losses from any high point for FCLSX and URFFX.
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Drawdown Indicators
| FCLSX | URFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.26% | -44.25% | +12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.60% | -7.89% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -14.16% | -14.14% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -27.30% | -23.76% | -3.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.97% | — |
Current DrawdownCurrent decline from peak | -2.08% | -0.17% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -5.88% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.84% | +0.23% |
Volatility
FCLSX vs. URFFX - Volatility Comparison
Fidelity Flex Freedom Blend 2040 Fund (FCLSX) has a higher volatility of 3.79% compared to USAA Target Retirement 2050 Fund (URFFX) at 2.93%. This indicates that FCLSX's price experiences larger fluctuations and is considered to be riskier than URFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCLSX | URFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 2.93% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 9.82% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 11.86% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 13.97% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 14.33% | +1.42% |
FCLSX vs. URFFX - Expense Ratio Comparison
FCLSX has a 0.00% expense ratio, which is lower than URFFX's 0.58% expense ratio.
Dividends
FCLSX vs. URFFX - Dividend Comparison
FCLSX's dividend yield for the trailing twelve months is around 7.92%, more than URFFX's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCLSX Fidelity Flex Freedom Blend 2040 Fund | 7.92% | 4.92% | 9.06% | 2.19% | 6.31% | 7.13% | 5.73% | 6.99% | 8.18% | 3.09% | 0.00% | 0.00% |
URFFX USAA Target Retirement 2050 Fund | 5.72% | 6.46% | 2.61% | 3.39% | 11.40% | 8.13% | 6.25% | 11.76% | 10.21% | 5.55% | 3.91% | 2.57% |
Frequently Asked Questions
With a correlation of 0.98, FCLSX and URFFX 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.
FCLSX has higher volatility (3.79%) compared to URFFX (2.93%). In terms of maximum drawdown, FCLSX dropped -31.26% vs URFFX's -44.25%.
URFFX currently has the higher Sharpe Ratio (1.91 vs 1.62), 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.
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