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FDEWX vs. FIKFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDEWX vs. FIKFX

Last updated Jun 4, 2026

FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) and FIKFX (Fidelity Freedom Index Income Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FDEWX returned 11.95%/yr vs 4.24%/yr for FIKFX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.12% expense ratio.

Performance

FDEWX vs. FIKFX - Performance Comparison

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

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Returns By Period

In the year-to-date period, FDEWX achieves a 12.62% return, which is significantly higher than FIKFX's 4.19% return. Over the past 10 years, FDEWX has outperformed FIKFX with an annualized return of 11.95%, while FIKFX has yielded a comparatively lower 4.24% annualized return.

FDEWX

1D
0.46%
1M
5.64%
YTD
12.62%
6M
13.53%
1Y
28.70%
3Y*
19.54%
5Y*
10.17%
10Y*
11.95%

FIKFX

1D
0.08%
1M
1.67%
YTD
4.19%
6M
4.33%
1Y
10.42%
3Y*
7.66%
5Y*
3.25%
10Y*
4.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDEWX vs. FIKFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDEWX
Fidelity Freedom Index 2055 Fund Investor Class		12.62%21.39%14.14%19.95%-18.01%15.88%16.46%25.94%-7.19%20.53%
FIKFX
Fidelity Freedom Index Income Fund Investor Class		4.19%9.23%4.96%8.28%-11.09%2.79%8.54%10.59%-0.76%6.66%

Correlation

The correlation between FDEWX and FIKFX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Jun 6, 2011

0.77

The correlation between FDEWX and FIKFX shifts across timeframes, from 0.73 (5 years) to 0.84 (1 year), reflecting how their relationship changes across market environments.

FDEWX vs. FIKFX - Sectors Allocation Comparison

Sectors
FDEWX
FIKFX

Technology

25.9%
25.8%

Financial Services

17.1%
17.2%

Industrials

11.7%
11.7%

Consumer Cyclical

9.4%
9.4%

Healthcare

9.1%
9.1%

Communication Services

8.0%
8.0%

Consumer Defensive

5.2%
5.2%

Energy

4.7%
4.7%

Basic Materials

4.1%
4.1%

Utilities

2.8%
2.8%

Real Estate

2.1%
2.1%

Technology

FDEWX
25.9%
FIKFX
25.8%

Financial Services

FDEWX
17.1%
FIKFX
17.2%

Industrials

FDEWX
11.7%
FIKFX
11.7%

Consumer Cyclical

FDEWX
9.4%
FIKFX
9.4%

Healthcare

FDEWX
9.1%
FIKFX
9.1%

Communication Services

FDEWX
8.0%
FIKFX
8.0%

Consumer Defensive

FDEWX
5.2%
FIKFX
5.2%

Energy

FDEWX
4.7%
FIKFX
4.7%

Basic Materials

FDEWX
4.1%
FIKFX
4.1%

Utilities

FDEWX
2.8%
FIKFX
2.8%

Real Estate

FDEWX
2.1%
FIKFX
2.1%

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Fidelity Freedom Index 2055 Fund Investor Class

Fidelity Freedom Index Income Fund Investor Class

Often compared with FDEWX:
FDEWX vs. FDEEXFDEWX vs. VFFVXFDEWX vs. VOOFDEWX vs. FZROXFDEWX vs. SPYFDEWX vs. VTIFDEWX vs. TRRNX
Often compared with FIKFX:
FIKFX vs. VTINXFIKFX vs. IRTRFIKFX vs. FZROXFIKFX vs. FIPDXFIKFX vs. VTMFXFIKFX vs. PRBLXFIKFX vs. BNDW

Return for Risk

FDEWX vs. FIKFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDEWX
FDEWX Risk / Return Rank: 7171
Overall Rank
FDEWX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FDEWX Sortino Ratio Rank: 6969
Sortino Ratio Rank
FDEWX Omega Ratio Rank: 6868
Omega Ratio Rank
FDEWX Calmar Ratio Rank: 6969
Calmar Ratio Rank
FDEWX Martin Ratio Rank: 7575
Martin Ratio Rank
FIKFX
FIKFX Risk / Return Rank: 7777
Overall Rank
FIKFX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FIKFX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FIKFX Omega Ratio Rank: 8181
Omega Ratio Rank
FIKFX Calmar Ratio Rank: 6767
Calmar Ratio Rank
FIKFX Martin Ratio Rank: 7474
Martin Ratio Rank
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.

FDEWX vs. FIKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX). 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.

FDEWXFIKFXDifference
Sharpe ratioReturn per unit of total volatility
2.51
2.63

-0.12

Sortino ratioReturn per unit of downside risk
3.46
3.92

-0.45

Omega ratioGain probability vs. loss probability

1.46

1.54

-0.08

Calmar ratioReturn relative to maximum drawdown

3.21

3.15

+0.06

Martin ratioReturn relative to average drawdown

14.20

14.03

+0.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDEWX vs. FIKFX - Sharpe Ratio Comparison

The current FDEWX Sharpe Ratio is 2.51, which is comparable to the FIKFX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of FDEWX and FIKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FDEWXFIKFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.51

2.63

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.64

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.96

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

1.01

-0.32

Drawdowns

FDEWX vs. FIKFX - Drawdown Comparison

The maximum FDEWX drawdown since its inception was -30.69%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FDEWX and FIKFX.

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Drawdown Indicators

FDEWXFIKFXDifference

Max Drawdown

Largest peak-to-trough decline

-30.69%

-15.03%

-15.66%

Max Drawdown (1Y)

Largest decline over 1 year

-9.07%

-3.32%

-5.75%

Max Drawdown (3Y)

Largest decline over 3 years

-14.74%

-4.76%

-9.98%

Max Drawdown (5Y)

Largest decline over 5 years

-26.22%

-15.03%

-11.19%

Max Drawdown (10Y)

Largest decline over 10 years

-30.69%

-15.03%

-15.66%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.23%

-1.72%

-2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

0.74%

+1.31%

Volatility

FDEWX vs. FIKFX - Volatility Comparison

Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) has a higher volatility of 3.53% compared to Fidelity Freedom Index Income Fund Investor Class (FIKFX) at 1.49%. This indicates that FDEWX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDEWXFIKFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

1.49%

+2.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.40%

3.31%

+6.09%

Volatility (1Y)

Calculated over the trailing 1-year period

11.61%

3.98%

+7.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.39%

5.12%

+9.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

4.44%

+10.73%

FDEWX vs. FIKFX - Expense Ratio Comparison

Both FDEWX and FIKFX have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FDEWX vs. FIKFX - Dividend Comparison

FDEWX's dividend yield for the trailing twelve months is around 1.68%, less than FIKFX's 3.19% yield.

PositionTTM20252024202320222021202020192018201720162015
FDEWX
Fidelity Freedom Index 2055 Fund Investor Class		1.68%1.97%1.98%1.92%2.24%1.89%1.85%10.83%2.36%1.93%2.42%2.31%
FIKFX
Fidelity Freedom Index Income Fund Investor Class		3.19%3.40%3.13%2.85%3.06%2.04%2.18%7.27%2.94%1.89%1.65%1.39%

Frequently Asked Questions

FDEWX and FIKFX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDEWX has higher volatility (3.53%) compared to FIKFX (1.49%). In terms of maximum drawdown, FDEWX dropped -30.69% vs FIKFX's -15.03%.

FIKFX currently has the higher Sharpe Ratio (2.63 vs 2.51), 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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