FFFGX vs. VTIVX

Last updated Aug 1, 2026

FFFGX (Fidelity Freedom 2045 Fund) and VTIVX (Vanguard Target Retirement 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, FFFGX returned 11.90%/yr vs 10.82%/yr for VTIVX. Their 0.98 correlation means they have historically moved very closely together. FFFGX charges 0.68%/yr vs 0.08%/yr for VTIVX.

Performance

FFFGX vs. VTIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2045 Fund (FFFGX) and Vanguard Target Retirement 2045 Fund (VTIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFFGX achieves a 11.70% return, which is significantly higher than VTIVX's 9.10% return. Over the past 10 years, FFFGX has outperformed VTIVX with an annualized return of 11.90%, while VTIVX has yielded a comparatively lower 10.82% annualized return.

FFFGX

• 1D: 2.21%
• 1M: -1.21%
• 6M: 7.71%
• YTD: 11.70%
• 1Y: 24.12%
• 3Y*: 17.71%
• 5Y*: 9.88%
• 10Y*: 11.90%
• ALL TIME*: 8.11%

VTIVX

• 1D: 1.74%
• 1M: -0.47%
• 6M: 6.16%
• YTD: 9.10%
• 1Y: 19.82%
• 3Y*: 15.57%
• 5Y*: 8.84%
• 10Y*: 10.82%
• ALL TIME*: 8.82%

*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)
FFFGX Fidelity Freedom 2045 Fund	$0.00	$0.00	$0.00
VTIVX Vanguard Target Retirement 2045 Fund	$0.00	$0.00	$0.00

FFFGX vs. VTIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFFGX Fidelity Freedom 2045 Fund	11.70%	23.77%	13.95%	20.56%	-18.29%	16.55%	18.22%	25.41%	-8.89%	22.22%
VTIVX Vanguard Target Retirement 2045 Fund	9.10%	20.01%	13.68%	19.72%	-17.38%	16.16%	16.31%	24.94%	-7.89%	19.16%

Correlation

The correlation between FFFGX and VTIVX is 0.99 - 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.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.98
Correlation (All Time) Calculated using the full available price history since Jun 2, 2006	0.98

The correlation between FFFGX and VTIVX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FFFGX vs. VTIVX — Risk / Return Rank

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

FFFGX

FFFGX Risk / Return Rank: 73
FFFGX Sharpe Ratio Rank: 70
FFFGX Sortino Ratio Rank: 68
FFFGX Omega Ratio Rank: 69
FFFGX Calmar Ratio Rank: 74
FFFGX Martin Ratio Rank: 82

VTIVX

VTIVX Risk / Return Rank: 71
VTIVX Sharpe Ratio Rank: 71
VTIVX Sortino Ratio Rank: 68
VTIVX Omega Ratio Rank: 68
VTIVX Calmar Ratio Rank: 70
VTIVX Martin Ratio Rank: 79

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.

FFFGX vs. VTIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund (FFFGX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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	VTIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.59	+0.02
Sortino ratio: Return per unit of downside risk	2.26	2.24	+0.02
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.35	2.21	+0.14
Martin ratio: Return relative to average drawdown	9.77	9.20	+0.57

FFFGX vs. VTIVX - Sharpe Ratio Comparison

The current FFFGX Sharpe Ratio is 1.60, which is comparable to the VTIVX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FFFGX and VTIVX, 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

FFFGX vs. VTIVX - Drawdown Comparison

The maximum FFFGX drawdown since its inception was -54.61%, which is greater than VTIVX's maximum drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for FFFGX and VTIVX.

Drawdown Indicators

	FFFGX	VTIVX	Difference
Max Drawdown Largest peak-to-trough decline	-54.61%	-51.69%	-2.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-8.30%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	-13.40%	-2.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.33%	-25.10%	-2.23%
Max Drawdown (10Y) Largest decline over 10 years	-30.95%	-31.42%	+0.47%
Current Drawdown Current decline from peak	-2.45%	-1.79%	-0.66%
Average Drawdown Average peak-to-trough decline	-8.30%	-6.30%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.99%	+0.30%

Volatility

FFFGX vs. VTIVX - Volatility Comparison

Fidelity Freedom 2045 Fund (FFFGX) has a higher volatility of 4.24% compared to Vanguard Target Retirement 2045 Fund (VTIVX) at 3.46%. This indicates that FFFGX's price experiences larger fluctuations and is considered to be riskier than VTIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFGX	VTIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	3.46%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	9.69%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	11.59%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	13.64%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	14.75%	+0.61%

FFFGX vs. VTIVX - Expense Ratio Comparison

FFFGX has a 0.68% expense ratio, which is higher than VTIVX's 0.08% expense ratio.

Dividends

FFFGX vs. VTIVX - Dividend Comparison

FFFGX's dividend yield for the trailing twelve months is around 5.88%, more than VTIVX's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFGX Fidelity Freedom 2045 Fund	5.88%	4.40%	1.97%	1.84%	12.04%	12.00%	4.99%	6.51%	7.82%	4.01%	4.15%	4.07%
VTIVX Vanguard Target Retirement 2045 Fund	2.29%	2.50%	2.36%	2.27%	2.75%	15.40%	1.90%	2.23%	2.52%	0.04%	2.47%	3.29%

Frequently Asked Questions

Can I hold both FFFGX and VTIVX in my portfolio?

With a correlation of 0.99, FFFGX and VTIVX 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, FFFGX or VTIVX?

FFFGX has higher volatility (4.24%) compared to VTIVX (3.46%). In terms of maximum drawdown, FFFGX dropped -54.61% vs VTIVX's -51.69%.

Which has better risk-adjusted returns?

FFFGX currently has the higher Sharpe Ratio (1.60 vs 1.59), 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.