FFEZX vs. GWPCX

Last updated Aug 1, 2026

FFEZX (Fidelity Freedom Index 2035 Fund Institutional Premium Class) and GWPCX (American Funds Growth Portfolio Class C) are both mutual funds - FFEZX is a Target Retirement Date fund managed by Fidelity, while GWPCX is a Large Cap Growth Equities fund managed by American Funds. Over the past 10 years, FFEZX returned 9.90%/yr vs 11.89%/yr for GWPCX. Their 0.96 correlation means they have historically moved very closely together. FFEZX charges 0.08%/yr vs 1.49%/yr for GWPCX.

Performance

FFEZX vs. GWPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) and American Funds Growth Portfolio Class C (GWPCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FFEZX having a 7.22% return and GWPCX slightly lower at 6.89%. Over the past 10 years, FFEZX has underperformed GWPCX with an annualized return of 9.90%, while GWPCX has yielded a comparatively higher 11.89% annualized return.

FFEZX

• 1D: 1.35%
• 1M: -0.66%
• 6M: 5.01%
• YTD: 7.22%
• 1Y: 16.05%
• 3Y*: 13.10%
• 5Y*: 6.92%
• 10Y*: 9.90%
• ALL TIME*: 9.14%

GWPCX

• 1D: 2.11%
• 1M: -2.67%
• 6M: 4.83%
• YTD: 6.89%
• 1Y: 16.70%
• 3Y*: 17.03%
• 5Y*: 8.12%
• 10Y*: 11.89%
• ALL TIME*: 11.34%

*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)
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class	$0.00	$0.00	$0.00
GWPCX American Funds Growth Portfolio Class C	$0.00	$0.00	$0.00

FFEZX vs. GWPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class	7.22%	17.36%	11.27%	17.31%	-17.55%	13.80%	15.58%	24.92%	-6.72%	20.40%
GWPCX American Funds Growth Portfolio Class C	6.89%	19.58%	19.26%	27.77%	-27.51%	17.70%	24.46%	26.74%	-7.31%	24.19%

Correlation

The correlation between FFEZX and GWPCX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015	0.96

The correlation between FFEZX and GWPCX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

FFEZX vs. GWPCX — Risk / Return Rank

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

FFEZX

FFEZX Risk / Return Rank: 69
FFEZX Sharpe Ratio Rank: 67
FFEZX Sortino Ratio Rank: 66
FFEZX Omega Ratio Rank: 67
FFEZX Calmar Ratio Rank: 67
FFEZX Martin Ratio Rank: 75

GWPCX

GWPCX Risk / Return Rank: 30
GWPCX Sharpe Ratio Rank: 28
GWPCX Sortino Ratio Rank: 28
GWPCX Omega Ratio Rank: 29
GWPCX Calmar Ratio Rank: 28
GWPCX Martin Ratio Rank: 35

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.

FFEZX vs. GWPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) and American Funds Growth Portfolio Class C (GWPCX). 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.

	FFEZX	GWPCX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	0.93	+0.64
Sortino ratio: Return per unit of downside risk	2.23	1.37	+0.85
Omega ratio: Gain probability vs. loss probability	1.29	1.17	+0.12
Calmar ratio: Return relative to maximum drawdown	2.18	1.23	+0.95
Martin ratio: Return relative to average drawdown	8.96	5.09	+3.86

FFEZX vs. GWPCX - Sharpe Ratio Comparison

The current FFEZX Sharpe Ratio is 1.57, which is higher than the GWPCX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of FFEZX and GWPCX, 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

FFEZX vs. GWPCX - Drawdown Comparison

The maximum FFEZX drawdown since its inception was -28.46%, smaller than the maximum GWPCX drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for FFEZX and GWPCX.

Drawdown Indicators

	FFEZX	GWPCX	Difference
Max Drawdown Largest peak-to-trough decline	-28.46%	-34.59%	+6.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-11.88%	+4.93%
Max Drawdown (3Y) Largest decline over 3 years	-11.02%	-19.49%	+8.47%
Max Drawdown (5Y) Largest decline over 5 years	-24.83%	-34.59%	+9.76%
Max Drawdown (10Y) Largest decline over 10 years	-28.46%	-34.59%	+6.13%
Current Drawdown Current decline from peak	-1.63%	-3.91%	+2.28%
Average Drawdown Average peak-to-trough decline	-4.46%	-5.92%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.87%	-1.18%

Volatility

FFEZX vs. GWPCX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) is 2.81%, while American Funds Growth Portfolio Class C (GWPCX) has a volatility of 4.56%. This indicates that FFEZX experiences smaller price fluctuations and is considered to be less risky than GWPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFEZX	GWPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	4.56%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	12.89%	-4.72%
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	15.76%	-6.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.01%	18.47%	-6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.30%	18.04%	-4.74%

FFEZX vs. GWPCX - Expense Ratio Comparison

FFEZX has a 0.08% expense ratio, which is lower than GWPCX's 1.49% expense ratio.

Dividends

FFEZX vs. GWPCX - Dividend Comparison

FFEZX's dividend yield for the trailing twelve months is around 2.63%, less than GWPCX's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class	2.63%	2.80%	2.54%	2.13%	2.08%	2.04%	2.18%	16.18%	2.27%	1.85%	2.01%	2.04%
GWPCX American Funds Growth Portfolio Class C	5.27%	5.63%	5.59%	0.96%	9.93%	3.48%	3.04%	5.54%	5.45%	2.73%	3.67%	4.25%

Frequently Asked Questions

Can I hold both FFEZX and GWPCX in my portfolio?

With a correlation of 0.95, FFEZX and GWPCX 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, FFEZX or GWPCX?

GWPCX has higher volatility (4.56%) compared to FFEZX (2.81%). In terms of maximum drawdown, FFEZX dropped -28.46% vs GWPCX's -34.59%.

Which has better risk-adjusted returns?

FFEZX currently has the higher Sharpe Ratio (1.57 vs 0.93), 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.