FFFQX vs. FZROX
FFFQX (Fidelity Advisor Freedom 2050 Fund Class M) and FZROX (Fidelity ZERO Total Market Index Fund) are both mutual funds - FFFQX is a Target Retirement Date fund managed by Fidelity, while FZROX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FFFQX returned 8.81%/yr vs 11.97%/yr for FZROX. Their correlation of 0.94 means they have usually moved in the same direction. FFFQX charges 1.25%/yr vs 0.00%/yr for FZROX.
Performance
FFFQX vs. FZROX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FFFQX having a 10.75% return and FZROX slightly lower at 10.58%.
FFFQX
- 1D
- 0.56%
- 1M
- -0.68%
- 6M
- 6.56%
- YTD
- 10.75%
- 1Y
- 21.61%
- 3Y*
- 16.81%
- 5Y*
- 8.81%
- 10Y*
- 11.15%
- ALL TIME*
- 7.40%
FZROX
- 1D
- 0.58%
- 1M
- -0.15%
- 6M
- 8.29%
- YTD
- 10.58%
- 1Y
- 21.91%
- 3Y*
- 19.06%
- 5Y*
- 11.97%
- 10Y*
- —
- ALL TIME*
- 14.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FFFQX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFFQX Fidelity Advisor Freedom 2050 Fund Class M | 10.75% | 22.44% | 13.11% | 18.59% | -18.53% | 15.46% | 16.93% | 26.02% | -9.96% |
FZROX Fidelity ZERO Total Market Index Fund | 10.58% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Correlation
The correlation between FFFQX and FZROX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.94 |
The correlation between FFFQX and FZROX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FFFQX vs. FZROX — Risk / Return Rank
FFFQX
FZROX
FFFQX vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2050 Fund Class M (FFFQX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
| FFFQX | FZROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.24 | -0.16 |
| Martin ratioReturn relative to average drawdown | 8.55 | 9.70 | -1.15 |
Loading charts...
Drawdowns
FFFQX vs. FZROX - Drawdown Comparison
The maximum FFFQX drawdown since its inception was -58.33%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FFFQX and FZROX.
Loading charts...
Drawdown Indicators
| FFFQX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -34.96% | -23.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -8.89% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.19% | -19.38% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.62% | -25.12% | -2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -31.27% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -1.28% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -5.43% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.06% | +0.32% |
Volatility
FFFQX vs. FZROX - Volatility Comparison
Fidelity Advisor Freedom 2050 Fund Class M (FFFQX) has a higher volatility of 4.37% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 3.48%. This indicates that FFFQX's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FFFQX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 3.48% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 10.35% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.25% | 13.20% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 17.54% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 20.03% | -4.51% |
FFFQX vs. FZROX - Expense Ratio Comparison
FFFQX has a 1.25% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Dividends
FFFQX vs. FZROX - Dividend Comparison
FFFQX's dividend yield for the trailing twelve months is around 6.61%, more than FZROX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFQX Fidelity Advisor Freedom 2050 Fund Class M | 6.61% | 5.79% | 1.25% | 1.08% | 10.39% | 9.23% | 5.07% | 6.49% | 11.27% | 4.06% | 4.30% | 3.45% |
FZROX Fidelity ZERO Total Market Index Fund | 0.93% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, FFFQX and FZROX 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.
FFFQX has higher volatility (4.37%) compared to FZROX (3.48%). In terms of maximum drawdown, FFFQX dropped -58.33% vs FZROX's -34.96%.
FZROX currently has the higher Sharpe Ratio (1.51 vs 1.43), 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.
Find the right allocation for FFFQX and FZROX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer