FFEGX vs. FXAIX

Last updated Aug 4, 2026

FFEGX (Fidelity Freedom Index 2030 Fund Institutional Premium Class) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FFEGX is a Target Retirement Date fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FFEGX returned 8.69%/yr vs 15.16%/yr for FXAIX. Their correlation of 0.93 means they have usually moved in the same direction. FFEGX charges 0.08%/yr vs 0.02%/yr for FXAIX.

Performance

FFEGX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFEGX achieves a 6.45% return, which is significantly lower than FXAIX's 10.13% return. Over the past 10 years, FFEGX has underperformed FXAIX with an annualized return of 8.69%, while FXAIX has yielded a comparatively higher 15.16% annualized return.

FFEGX

• 1D: 0.13%
• 1M: -0.58%
• 6M: 4.19%
• YTD: 6.45%
• 1Y: 14.33%
• 3Y*: 11.98%
• 5Y*: 5.83%
• 10Y*: 8.69%
• ALL TIME*: 8.02%

FXAIX

• 1D: 0.71%
• 1M: 0.15%
• 6M: 7.97%
• YTD: 10.13%
• 1Y: 21.49%
• 3Y*: 19.42%
• 5Y*: 12.84%
• 10Y*: 15.16%
• ALL TIME*: 13.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class	$0.00	$0.00	$0.00
FXAIX Fidelity 500 Index Fund	$0.00	$0.00	$0.00

FFEGX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class	6.45%	15.93%	9.55%	15.16%	-16.81%	10.94%	14.38%	22.10%	-5.55%	18.03%
FXAIX Fidelity 500 Index Fund	10.13%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between FFEGX and FXAIX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015	0.93

The correlation between FFEGX and FXAIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FFEGX vs. FXAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFEGX

FFEGX Risk / Return Rank: 63
FFEGX Sharpe Ratio Rank: 63
FFEGX Sortino Ratio Rank: 61
FFEGX Omega Ratio Rank: 62
FFEGX Calmar Ratio Rank: 60
FFEGX Martin Ratio Rank: 68

FXAIX

FXAIX Risk / Return Rank: 59
FXAIX Sharpe Ratio Rank: 56
FXAIX Sortino Ratio Rank: 52
FXAIX Omega Ratio Rank: 53
FXAIX Calmar Ratio Rank: 61
FXAIX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFEGX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and Fidelity 500 Index Fund (FXAIX). 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.

	FFEGX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.53	+0.08
Sortino ratio: Return per unit of downside risk	2.29	2.12	+0.17
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.02
Calmar ratio: Return relative to maximum drawdown	2.18	2.21	-0.03
Martin ratio: Return relative to average drawdown	9.00	9.48	-0.48

FFEGX vs. FXAIX - Sharpe Ratio Comparison

The current FFEGX Sharpe Ratio is 1.61, which is comparable to the FXAIX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FFEGX and FXAIX, 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

FFEGX vs. FXAIX - Drawdown Comparison

The maximum FFEGX drawdown since its inception was -23.85%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FFEGX and FXAIX.

Drawdown Indicators

	FFEGX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.85%	-33.79%	+9.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-8.89%	+2.46%
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	-18.76%	+9.40%
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	-24.50%	+1.24%
Max Drawdown (10Y) Largest decline over 10 years	-23.85%	-33.79%	+9.94%
Current Drawdown Current decline from peak	-1.48%	-1.41%	-0.07%
Average Drawdown Average peak-to-trough decline	-4.12%	-3.77%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	2.07%	-0.51%

Volatility

FFEGX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) is 2.48%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.52%. This indicates that FFEGX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFEGX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	3.52%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	10.11%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	8.71%	12.87%	-4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.42%	17.02%	-6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	18.07%	-6.90%

FFEGX vs. FXAIX - Expense Ratio Comparison

FFEGX has a 0.08% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FFEGX vs. FXAIX - Dividend Comparison

FFEGX's dividend yield for the trailing twelve months is around 3.11%, more than FXAIX's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class	3.11%	3.37%	2.71%	2.31%	2.45%	2.22%	2.43%	16.77%	2.18%	1.88%	2.00%	2.00%
FXAIX Fidelity 500 Index Fund	1.06%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both FFEGX and FXAIX in my portfolio?

With a correlation of 0.93, FFEGX and FXAIX 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.

Which is riskier, FFEGX or FXAIX?

FXAIX has higher volatility (3.52%) compared to FFEGX (2.48%). In terms of maximum drawdown, FFEGX dropped -23.85% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FFEGX currently has the higher Sharpe Ratio (1.61 vs 1.53), 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.