FDEWX vs. SSDOX
FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) and SSDOX (State Street Target Retirement 2055 Fund) are both Target Retirement Date funds. Over the past 10 years, FDEWX returned 11.95%/yr vs 11.22%/yr for SSDOX. With a 0.98 correlation, they move nearly in lockstep. FDEWX charges 0.12%/yr vs 0.21%/yr for SSDOX.
Performance
FDEWX vs. SSDOX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FDEWX having a 12.62% return and SSDOX slightly lower at 12.09%. Over the past 10 years, FDEWX has outperformed SSDOX with an annualized return of 11.95%, while SSDOX has yielded a comparatively lower 11.22% 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%
SSDOX
- 1D
- 0.51%
- 1M
- 4.97%
- YTD
- 12.09%
- 6M
- 12.89%
- 1Y
- 27.81%
- 3Y*
- 18.63%
- 5Y*
- 8.86%
- 10Y*
- 11.22%
FDEWX vs. SSDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSDOX State Street Target Retirement 2055 Fund | 12.09% | 21.02% | 12.37% | 19.35% | -19.27% | 13.32% | 19.62% | 25.62% | -7.91% | 19.22% |
Correlation
The correlation between FDEWX and SSDOX is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.98 |
The correlation between FDEWX and SSDOX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
FDEWX vs. SSDOX — Risk / Return Rank
FDEWX
SSDOX
FDEWX vs. SSDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and State Street Target Retirement 2055 Fund (SSDOX). 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.
| FDEWX | SSDOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.48 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.17 | +0.04 |
| Martin ratioReturn relative to average drawdown | 14.20 | 13.50 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDEWX | SSDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.51 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.63 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.76 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.69 | +0.01 |
Drawdowns
FDEWX vs. SSDOX - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -30.69%, roughly equal to the maximum SSDOX drawdown of -29.85%. Use the drawdown chart below to compare losses from any high point for FDEWX and SSDOX.
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Drawdown Indicators
| FDEWX | SSDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -29.85% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -8.92% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -15.04% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -27.44% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -29.85% | -0.84% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -5.03% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.09% | -0.04% |
Volatility
FDEWX vs. SSDOX - Volatility Comparison
Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and State Street Target Retirement 2055 Fund (SSDOX) have volatilities of 3.53% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDEWX | SSDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 3.42% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 9.03% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 11.25% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.25% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 14.82% | +0.35% |
FDEWX vs. SSDOX - Expense Ratio Comparison
FDEWX has a 0.12% expense ratio, which is lower than SSDOX's 0.21% 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. SSDOX - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.68%, less than SSDOX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSDOX State Street Target Retirement 2055 Fund | 4.33% | 4.85% | 4.45% | 2.99% | 4.97% | 4.39% | 3.03% | 6.02% | 5.38% | 0.44% | 1.71% | 2.03% |
Frequently Asked Questions
With a correlation of 0.96, FDEWX and SSDOX 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 (3.53%) compared to SSDOX (3.42%). In terms of maximum drawdown, FDEWX dropped -30.69% vs SSDOX's -29.85%.
SSDOX currently has the higher Sharpe Ratio (2.51 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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