FFEDX vs. FIWTX
FFEDX (Fidelity Freedom Index 2025 Fund Institutional Premium Class) and FIWTX (Fidelity Freedom Index 2020 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFEDX returned 7.99%/yr vs 7.23%/yr for FIWTX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.08% expense ratio.
Performance
FFEDX vs. FIWTX - Performance Comparison
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Returns By Period
In the year-to-date period, FFEDX achieves a 6.65% return, which is significantly higher than FIWTX's 5.76% return. Over the past 10 years, FFEDX has outperformed FIWTX with an annualized return of 7.99%, while FIWTX has yielded a comparatively lower 7.23% annualized return.
FFEDX
- 1D
- -0.51%
- 1M
- 2.18%
- YTD
- 6.65%
- 6M
- 6.98%
- 1Y
- 16.72%
- 3Y*
- 12.40%
- 5Y*
- 5.54%
- 10Y*
- 7.99%
FIWTX
- 1D
- -0.51%
- 1M
- 1.78%
- YTD
- 5.76%
- 6M
- 6.07%
- 1Y
- 14.69%
- 3Y*
- 11.13%
- 5Y*
- 4.80%
- 10Y*
- 7.23%
FFEDX vs. FIWTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFEDX Fidelity Freedom Index 2025 Fund Institutional Premium Class | 6.65% | 14.93% | 8.54% | 13.94% | -16.55% | 9.63% | 13.60% | 19.68% | -4.46% | 15.20% |
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class | 5.76% | 13.40% | 7.73% | 12.72% | -15.86% | 8.40% | 12.75% | 18.25% | -3.86% | 13.95% |
Correlation
The correlation between FFEDX and FIWTX 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 (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.99 |
The correlation between FFEDX and FIWTX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FFEDX vs. FIWTX — Risk / Return Rank
FFEDX
FIWTX
FFEDX vs. FIWTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2025 Fund Institutional Premium Class (FFEDX) and Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX). 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.
| FFEDX | FIWTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.47 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.98 | -0.06 |
| Martin ratioReturn relative to average drawdown | 12.87 | 13.21 | -0.34 |
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
| FFEDX | FIWTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 2.43 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.56 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.82 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.76 | -0.02 |
Drawdowns
FFEDX vs. FIWTX - Drawdown Comparison
The maximum FFEDX drawdown since its inception was -22.60%, roughly equal to the maximum FIWTX drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for FFEDX and FIWTX.
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Drawdown Indicators
| FFEDX | FIWTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -21.59% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -5.11% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -7.85% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -21.59% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | -21.59% | -1.01% |
Current DrawdownCurrent decline from peak | -0.51% | -0.51% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -3.66% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.15% | +0.19% |
Volatility
FFEDX vs. FIWTX - Volatility Comparison
Fidelity Freedom Index 2025 Fund Institutional Premium Class (FFEDX) has a higher volatility of 2.51% compared to Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) at 2.20%. This indicates that FFEDX's price experiences larger fluctuations and is considered to be riskier than FIWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFEDX | FIWTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 2.20% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 5.13% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 6.28% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 8.56% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.89% | 8.82% | +1.07% |
FFEDX vs. FIWTX - Expense Ratio Comparison
Both FFEDX and FIWTX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FFEDX vs. FIWTX - Dividend Comparison
FFEDX's dividend yield for the trailing twelve months is around 4.36%, less than FIWTX's 5.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEDX Fidelity Freedom Index 2025 Fund Institutional Premium Class | 4.36% | 4.95% | 3.40% | 2.42% | 2.69% | 2.21% | 2.40% | 13.80% | 2.37% | 1.88% | 1.94% | 1.89% |
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class | 5.85% | 6.00% | 5.88% | 2.47% | 3.00% | 2.77% | 2.57% | 17.46% | 2.56% | 1.89% | 1.90% | 1.79% |
Frequently Asked Questions
With a correlation of 0.99, FFEDX and FIWTX 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.
FFEDX has higher volatility (2.51%) compared to FIWTX (2.20%). In terms of maximum drawdown, FFEDX dropped -22.60% vs FIWTX's -21.59%.
FIWTX currently has the higher Sharpe Ratio (2.43 vs 2.38), 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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