FFFGX vs. VOO
FFFGX (Fidelity Freedom 2045 Fund) and VOO (Vanguard S&P 500 ETF) are both funds - FFFGX is a Target Retirement Date fund managed by Fidelity, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FFFGX returned 12.01%/yr vs 15.17%/yr for VOO. Their correlation of 0.94 means they have usually moved in the same direction. FFFGX charges 0.68%/yr vs 0.03%/yr for VOO.
Performance
FFFGX vs. VOO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FFFGX having a 12.22% return and VOO slightly lower at 11.72%. Over the past 10 years, FFFGX has underperformed VOO with an annualized return of 12.01%, while VOO has yielded a comparatively higher 15.17% annualized return.
FFFGX
- 1D
- 0.47%
- 1M
- -0.75%
- 6M
- 7.63%
- YTD
- 12.22%
- 1Y
- 24.70%
- 3Y*
- 18.13%
- 5Y*
- 9.98%
- 10Y*
- 12.01%
- ALL TIME*
- 8.13%
VOO
- 1D
- 1.42%
- 1M
- 1.69%
- 6M
- 9.53%
- YTD
- 11.72%
- 1Y
- 23.30%
- 3Y*
- 20.85%
- 5Y*
- 13.12%
- 10Y*
- 15.17%
- ALL TIME*
- 14.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.97B | $3.80B | $5.49B |
FFFGX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFGX Fidelity Freedom 2045 Fund | 12.22% | 23.77% | 13.95% | 20.56% | -18.29% | 16.55% | 18.22% | 25.41% | -8.89% | 22.22% |
VOO Vanguard S&P 500 ETF | 11.72% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between FFFGX and VOO 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. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.94 |
The correlation between FFFGX and VOO has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
FFFGX vs. VOO — Risk / Return Rank
FFFGX
VOO
FFFGX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund (FFFGX) and Vanguard S&P 500 ETF (VOO). 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.
| FFFGX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.63 | -0.18 |
| Martin ratioReturn relative to average drawdown | 10.19 | 11.23 | -1.04 |
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Drawdowns
FFFGX vs. VOO - Drawdown Comparison
The maximum FFFGX drawdown since its inception was -54.61%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFFGX and VOO.
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Drawdown Indicators
| FFFGX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.61% | -33.99% | -20.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -8.90% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -18.69% | +3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -24.52% | -2.81% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -33.99% | +3.04% |
Current DrawdownCurrent decline from peak | -1.99% | 0.00% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -3.67% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.08% | +0.22% |
Volatility
FFFGX vs. VOO - Volatility Comparison
Fidelity Freedom 2045 Fund (FFFGX) has a higher volatility of 4.19% compared to Vanguard S&P 500 ETF (VOO) at 3.81%. This indicates that FFFGX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFGX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.81% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 10.18% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 12.80% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 16.95% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 18.02% | -2.66% |
FFFGX vs. VOO - Expense Ratio Comparison
FFFGX has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
FFFGX vs. VOO - Dividend Comparison
FFFGX's dividend yield for the trailing twelve months is around 5.86%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFGX Fidelity Freedom 2045 Fund | 5.86% | 4.40% | 1.97% | 1.84% | 12.04% | 12.00% | 4.99% | 6.51% | 7.82% | 4.01% | 4.15% | 4.07% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
With a correlation of 0.93, FFFGX and VOO 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.
FFFGX has higher volatility (4.19%) compared to VOO (3.81%). In terms of maximum drawdown, FFFGX dropped -54.61% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.83 vs 1.67), 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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