FFEGX vs. VWIAX

Last updated Jun 3, 2026

FFEGX (Fidelity Freedom Index 2030 Fund Institutional Premium Class) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both mutual funds - FFEGX is a Target Retirement Date fund managed by Fidelity, while VWIAX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, FFEGX returned 9.06%/yr vs 5.88%/yr for VWIAX. A 0.79 correlation means they provide meaningful diversification when combined. FFEGX charges 0.08%/yr vs 0.16%/yr for VWIAX.

Performance

FFEGX vs. VWIAX - 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 Vanguard Wellesley Income Fund Admiral Shares (VWIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFEGX achieves a 7.74% return, which is significantly higher than VWIAX's 3.59% return. Over the past 10 years, FFEGX has outperformed VWIAX with an annualized return of 9.06%, while VWIAX has yielded a comparatively lower 5.88% annualized return.

FFEGX

• 1D: 0.21%
• 1M: 2.96%
• YTD: 7.74%
• 6M: 8.46%
• 1Y: 19.35%
• 3Y*: 13.68%
• 5Y*: 6.40%
• 10Y*: 9.06%

VWIAX

• 1D: 0.30%
• 1M: 1.26%
• YTD: 3.59%
• 6M: 3.59%
• 1Y: 11.43%
• 3Y*: 8.94%
• 5Y*: 4.22%
• 10Y*: 5.88%

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

FFEGX vs. VWIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class	7.74%	15.93%	9.55%	15.16%	-16.81%	10.94%	14.38%	22.10%	-5.55%	18.03%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	3.59%	11.08%	5.92%	7.07%	-9.04%	8.55%	8.52%	16.47%	-2.49%	9.37%

Correlation

The correlation between FFEGX and VWIAX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015	0.79

The correlation between FFEGX and VWIAX has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

FFEGX vs. VWIAX — Risk / Return Rank

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

FFEGX

FFEGX Risk / Return Rank: 70
FFEGX Sharpe Ratio Rank: 73
FFEGX Sortino Ratio Rank: 72
FFEGX Omega Ratio Rank: 71
FFEGX Calmar Ratio Rank: 63
FFEGX Martin Ratio Rank: 70

VWIAX

VWIAX Risk / Return Rank: 58
VWIAX Sharpe Ratio Rank: 61
VWIAX Sortino Ratio Rank: 63
VWIAX Omega Ratio Rank: 58
VWIAX Calmar Ratio Rank: 55
VWIAX Martin Ratio Rank: 52

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.

FFEGX vs. VWIAX - 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 Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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.

	FFEGX	VWIAX	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.30	+0.18
Sortino ratio Return per unit of downside risk	3.54	3.32	+0.22
Omega ratio Gain probability vs. loss probability	1.47	1.43	+0.05
Calmar ratio Return relative to maximum drawdown	3.07	2.84	+0.23
Martin ratio Return relative to average drawdown	13.52	10.69	+2.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFEGX vs. VWIAX - Sharpe Ratio Comparison

The current FFEGX Sharpe Ratio is 2.48, which is comparable to the VWIAX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of FFEGX and VWIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFEGX	VWIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.30	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.61	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.85	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.94	-0.21

Drawdowns

FFEGX vs. VWIAX - Drawdown Comparison

The maximum FFEGX drawdown since its inception was -23.85%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for FFEGX and VWIAX.

Drawdown Indicators

	FFEGX	VWIAX	Difference
Max Drawdown Largest peak-to-trough decline	-23.85%	-21.64%	-2.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-4.15%	-2.28%
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	-6.96%	-2.40%
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	-15.26%	-8.00%
Max Drawdown (10Y) Largest decline over 10 years	-23.85%	-17.41%	-6.44%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.16%	-2.22%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.10%	+0.36%

Volatility

FFEGX vs. VWIAX - Volatility Comparison

Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) has a higher volatility of 2.65% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.66%. This indicates that FFEGX's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFEGX	VWIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	1.66%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	3.90%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	7.93%	5.12%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	6.97%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.22%	6.92%	+4.30%

FFEGX vs. VWIAX - Expense Ratio Comparison

FFEGX has a 0.08% expense ratio, which is lower than VWIAX's 0.16% 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

FFEGX vs. VWIAX - Dividend Comparison

FFEGX's dividend yield for the trailing twelve months is around 3.07%, less than VWIAX's 7.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class	3.07%	3.37%	2.71%	2.31%	2.45%	2.22%	2.43%	16.77%	2.18%	1.88%	2.00%	2.00%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	7.75%	7.93%	6.69%	4.80%	7.75%	6.11%	4.37%	4.00%	7.64%	3.25%	4.07%	5.66%

Frequently Asked Questions

Can I hold both FFEGX and VWIAX in my portfolio?

FFEGX and VWIAX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFEGX or VWIAX?

FFEGX has higher volatility (2.65%) compared to VWIAX (1.66%). In terms of maximum drawdown, FFEGX dropped -23.85% vs VWIAX's -21.64%.

Which has better risk-adjusted returns?

FFEGX currently has the higher Sharpe Ratio (2.48 vs 2.30), 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.