FFFAX vs. VTINX

Last updated Aug 1, 2026

FFFAX (Fidelity Freedom Income Fund) and VTINX (Vanguard Target Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, FFFAX returned 4.25%/yr vs 5.01%/yr for VTINX. Their correlation of 0.91 means they have usually moved in the same direction. FFFAX charges 0.47%/yr vs 0.08%/yr for VTINX.

Performance

FFFAX vs. VTINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Income Fund (FFFAX) and Vanguard Target Retirement Income Fund (VTINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFFAX achieves a 3.85% return, which is significantly higher than VTINX's 3.59% return. Over the past 10 years, FFFAX has underperformed VTINX with an annualized return of 4.25%, while VTINX has yielded a comparatively higher 5.01% annualized return.

FFFAX

• 1D: 0.69%
• 1M: -0.67%
• 6M: 2.49%
• YTD: 3.85%
• 1Y: 7.92%
• 3Y*: 7.26%
• 5Y*: 2.80%
• 10Y*: 4.25%
• ALL TIME*: 4.57%

VTINX

• 1D: 0.71%
• 1M: -0.49%
• 6M: 2.34%
• YTD: 3.59%
• 1Y: 8.49%
• 3Y*: 8.36%
• 5Y*: 3.66%
• 10Y*: 5.01%
• ALL TIME*: 5.18%

*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)
FFFAX Fidelity Freedom Income Fund	$0.00	$0.00	$0.00
VTINX Vanguard Target Retirement Income Fund	$0.00	$0.00	$0.00

FFFAX vs. VTINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFFAX Fidelity Freedom Income Fund	3.85%	10.42%	4.34%	8.18%	-11.33%	3.12%	8.93%	10.74%	-1.99%	8.21%
VTINX Vanguard Target Retirement Income Fund	3.59%	11.31%	6.66%	10.66%	-12.75%	5.24%	10.02%	13.16%	-1.98%	7.46%

Correlation

The correlation between FFFAX and VTINX is 0.95, 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.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Oct 27, 2003	0.91

The correlation between FFFAX and VTINX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

FFFAX vs. VTINX — Risk / Return Rank

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

FFFAX

FFFAX Risk / Return Rank: 71
FFFAX Sharpe Ratio Rank: 69
FFFAX Sortino Ratio Rank: 68
FFFAX Omega Ratio Rank: 71
FFFAX Calmar Ratio Rank: 70
FFFAX Martin Ratio Rank: 76

VTINX

VTINX Risk / Return Rank: 68
VTINX Sharpe Ratio Rank: 69
VTINX Sortino Ratio Rank: 68
VTINX Omega Ratio Rank: 69
VTINX Calmar Ratio Rank: 62
VTINX Martin Ratio Rank: 70

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.

FFFAX vs. VTINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund (FFFAX) and Vanguard Target Retirement Income Fund (VTINX). 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.

	FFFAX	VTINX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.56	+0.02
Sortino ratio: Return per unit of downside risk	2.26	2.25	+0.02
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.01
Calmar ratio: Return relative to maximum drawdown	2.23	2.02	+0.21
Martin ratio: Return relative to average drawdown	9.08	8.36	+0.73

FFFAX vs. VTINX - Sharpe Ratio Comparison

The current FFFAX Sharpe Ratio is 1.58, which is comparable to the VTINX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FFFAX and VTINX, 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

FFFAX vs. VTINX - Drawdown Comparison

The maximum FFFAX drawdown since its inception was -17.96%, smaller than the maximum VTINX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for FFFAX and VTINX.

Drawdown Indicators

	FFFAX	VTINX	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-19.96%	+2.00%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-4.14%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-4.04%	-4.28%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-17.02%	+1.15%
Max Drawdown (10Y) Largest decline over 10 years	-15.87%	-17.02%	+1.15%
Current Drawdown Current decline from peak	-1.18%	-1.05%	-0.13%
Average Drawdown Average peak-to-trough decline	-1.79%	-2.19%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.00%	-0.10%

Volatility

FFFAX vs. VTINX - Volatility Comparison

Fidelity Freedom Income Fund (FFFAX) and Vanguard Target Retirement Income Fund (VTINX) have volatilities of 1.67% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFAX	VTINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	1.66%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	4.61%	4.61%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	5.21%	5.38%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.51%	6.16%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	5.76%	-1.07%

FFFAX vs. VTINX - Expense Ratio Comparison

FFFAX has a 0.47% expense ratio, which is higher than VTINX's 0.08% expense ratio.

Dividends

FFFAX vs. VTINX - Dividend Comparison

FFFAX's dividend yield for the trailing twelve months is around 2.95%, less than VTINX's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFAX Fidelity Freedom Income Fund	2.64%	3.29%	3.13%	2.92%	5.89%	6.12%	4.37%	3.65%	5.17%	3.74%	3.21%	3.28%
VTINX Vanguard Target Retirement Income Fund	4.73%	5.02%	5.89%	4.01%	3.08%	8.63%	3.42%	2.62%	4.19%	1.56%	2.27%	3.53%

Frequently Asked Questions

Can I hold both FFFAX and VTINX in my portfolio?

With a correlation of 0.95, FFFAX and VTINX 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, FFFAX or VTINX?

FFFAX has higher volatility (1.67%) compared to VTINX (1.66%). In terms of maximum drawdown, FFFAX dropped -17.96% vs VTINX's -19.96%.

Which has better risk-adjusted returns?

FFFAX currently has the higher Sharpe Ratio (1.58 vs 1.56), 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.