FDEWX vs. EAOA
FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) and EAOA (iShares ESG Aware Aggressive Allocation ETF) are both funds - FDEWX is a Target Retirement Date fund actively managed by Fidelity, while EAOA is a Diversified Portfolio fund tracking the BlackRock ESG Aware Aggressive Allocation Index. FDEWX is actively managed, while EAOA is passively managed. Over the past 5 years, FDEWX returned 9.29%/yr vs 8.15%/yr for EAOA. With a 0.99 correlation, they move nearly in lockstep. FDEWX charges 0.12%/yr vs 0.18%/yr for EAOA.
Performance
FDEWX vs. EAOA - Performance Comparison
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Returns By Period
In the year-to-date period, FDEWX achieves a 9.91% return, which is significantly higher than EAOA's 8.74% return.
FDEWX
- 1D
- 0.07%
- 1M
- -1.06%
- YTD
- 9.91%
- 6M
- 9.10%
- 1Y
- 23.27%
- 3Y*
- 18.29%
- 5Y*
- 9.29%
- 10Y*
- 12.04%
EAOA
- 1D
- 0.34%
- 1M
- -0.55%
- YTD
- 8.74%
- 6M
- 7.93%
- 1Y
- 20.90%
- 3Y*
- 16.60%
- 5Y*
- 8.15%
- 10Y*
- —
FDEWX vs. EAOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 9.91% | 21.39% | 14.14% | 19.95% | -18.01% | 15.88% | 21.60% |
EAOA iShares ESG Aware Aggressive Allocation ETF | 8.74% | 18.41% | 13.79% | 18.27% | -17.76% | 14.52% | 19.79% |
Correlation
The correlation between FDEWX and EAOA 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 18, 2020 | 0.99 |
The correlation between FDEWX and EAOA has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FDEWX vs. EAOA — Risk / Return Rank
FDEWX
EAOA
FDEWX vs. EAOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and iShares ESG Aware Aggressive Allocation ETF (EAOA). 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.
| FDEWX | EAOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.57 | 0.00 |
| Martin ratioReturn relative to average drawdown | 10.99 | 11.07 | -0.08 |
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Drawdowns
FDEWX vs. EAOA - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -30.69%, which is greater than EAOA's maximum drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for FDEWX and EAOA.
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Drawdown Indicators
| FDEWX | EAOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -25.06% | -5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -8.17% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -13.84% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -25.06% | -1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -1.78% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -5.27% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.89% | +0.22% |
Volatility
FDEWX vs. EAOA - Volatility Comparison
Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) has a higher volatility of 5.41% compared to iShares ESG Aware Aggressive Allocation ETF (EAOA) at 4.52%. This indicates that FDEWX's price experiences larger fluctuations and is considered to be riskier than EAOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEWX | EAOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 4.52% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 9.49% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 11.38% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 13.36% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 13.19% | +1.99% |
FDEWX vs. EAOA - Expense Ratio Comparison
FDEWX has a 0.12% expense ratio, which is lower than EAOA's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FDEWX vs. EAOA - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.72%, less than EAOA's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAOA iShares ESG Aware Aggressive Allocation ETF | 1.97% | 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 | 1.72% | 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
With a correlation of 0.99, FDEWX and EAOA 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.
FDEWX has higher volatility (5.41%) compared to EAOA (4.52%). In terms of maximum drawdown, FDEWX dropped -30.69% vs EAOA's -25.06%.
FDEWX currently has the higher Sharpe Ratio (1.86 vs 1.84), 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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