FDGLX vs. IRSQX

Last updated Jun 26, 2026

FDGLX (Fidelity Advisor Freedom 2030 Fund Class Z6) and IRSQX (Voya Target Retirement 2050 Fund) are both Target Retirement Date funds. Over the past 5 years, FDGLX returned 6.88%/yr vs 9.67%/yr for IRSQX. Their correlation of 0.94 suggests significant overlap in exposure. FDGLX charges 0.46%/yr vs 0.22%/yr for IRSQX.

Performance

FDGLX vs. IRSQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2030 Fund Class Z6 (FDGLX) and Voya Target Retirement 2050 Fund (IRSQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDGLX achieves a 7.43% return, which is significantly lower than IRSQX's 10.20% return.

FDGLX

• 1D: 0.25%
• 1M: 0.00%
• YTD: 7.43%
• 6M: 6.97%
• 1Y: 16.79%
• 3Y*: 15.12%
• 5Y*: 6.88%
• 10Y*: —

IRSQX

• 1D: 0.00%
• 1M: -1.32%
• YTD: 10.20%
• 6M: 9.28%
• 1Y: 23.99%
• 3Y*: 18.81%
• 5Y*: 9.67%
• 10Y*: 12.09%

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

FDGLX vs. IRSQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDGLX Fidelity Advisor Freedom 2030 Fund Class Z6	7.43%	17.58%	12.81%	14.88%	-16.68%	11.40%	15.41%	23.04%	-6.27%	8.26%
IRSQX Voya Target Retirement 2050 Fund	10.20%	20.71%	15.32%	20.47%	-18.75%	18.82%	17.28%	25.25%	-9.37%	9.78%

Correlation

The correlation between FDGLX and IRSQX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.94

The correlation between FDGLX and IRSQX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

Return for Risk

FDGLX vs. IRSQX — Risk / Return Rank

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

FDGLX

FDGLX Risk / Return Rank: 58
FDGLX Sharpe Ratio Rank: 56
FDGLX Sortino Ratio Rank: 55
FDGLX Omega Ratio Rank: 60
FDGLX Calmar Ratio Rank: 56
FDGLX Martin Ratio Rank: 63

IRSQX

IRSQX Risk / Return Rank: 73
IRSQX Sharpe Ratio Rank: 71
IRSQX Sortino Ratio Rank: 71
IRSQX Omega Ratio Rank: 69
IRSQX Calmar Ratio Rank: 71
IRSQX Martin Ratio Rank: 83

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.

FDGLX vs. IRSQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2030 Fund Class Z6 (FDGLX) and Voya Target Retirement 2050 Fund (IRSQX). 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.

	FDGLX	IRSQX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.01	-0.23
Sortino ratio: Return per unit of downside risk	2.52	2.86	-0.34
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	2.44	2.77	-0.33
Martin ratio: Return relative to average drawdown	10.31	12.90	-2.58

FDGLX vs. IRSQX - Sharpe Ratio Comparison

The current FDGLX Sharpe Ratio is 1.79, which is comparable to the IRSQX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of FDGLX and IRSQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDGLX vs. IRSQX - Drawdown Comparison

The maximum FDGLX drawdown since its inception was -24.93%, smaller than the maximum IRSQX drawdown of -33.06%. Use the drawdown chart below to compare losses from any high point for FDGLX and IRSQX.

Drawdown Indicators

	FDGLX	IRSQX	Difference
Max Drawdown Largest peak-to-trough decline	-24.93%	-33.06%	+8.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.91%	-9.42%	+2.51%
Max Drawdown (3Y) Largest decline over 3 years	-9.73%	-15.91%	+6.18%
Max Drawdown (5Y) Largest decline over 5 years	-24.14%	-26.14%	+2.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.06%	—
Current Drawdown Current decline from peak	-1.42%	-2.50%	+1.08%
Average Drawdown Average peak-to-trough decline	-4.79%	-4.48%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.95%	-0.32%

Volatility

FDGLX vs. IRSQX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2030 Fund Class Z6 (FDGLX) is 4.14%, while Voya Target Retirement 2050 Fund (IRSQX) has a volatility of 5.24%. This indicates that FDGLX experiences smaller price fluctuations and is considered to be less risky than IRSQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDGLX	IRSQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	5.24%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	8.11%	10.63%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	13.04%	-3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.92%	15.43%	-4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.86%	16.14%	-4.28%

FDGLX vs. IRSQX - Expense Ratio Comparison

FDGLX has a 0.46% expense ratio, which is higher than IRSQX's 0.22% expense ratio.

Dividends

FDGLX vs. IRSQX - Dividend Comparison

FDGLX's dividend yield for the trailing twelve months is around 7.82%, less than IRSQX's 14.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGLX Fidelity Advisor Freedom 2030 Fund Class Z6	7.82%	7.81%	6.53%	2.26%	9.42%	9.79%	6.87%	7.29%	11.43%	4.31%	0.00%	0.00%
IRSQX Voya Target Retirement 2050 Fund	14.46%	15.94%	1.93%	1.89%	6.50%	20.41%	2.18%	4.80%	7.33%	6.29%	1.94%	0.44%

Frequently Asked Questions

Can I hold both FDGLX and IRSQX in my portfolio?

FDGLX and IRSQX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDGLX or IRSQX?

IRSQX has higher volatility (5.24%) compared to FDGLX (4.14%). In terms of maximum drawdown, FDGLX dropped -24.93% vs IRSQX's -33.06%.

Which has better risk-adjusted returns?

IRSQX currently has the higher Sharpe Ratio (2.01 vs 1.79), 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.