FFFTX vs. VFORX
Compare and contrast key facts about Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) and Vanguard Target Retirement 2040 Fund (VFORX).
FFFTX is managed by Fidelity. It was launched on Jun 1, 2006. VFORX is managed by Vanguard. It was launched on Jun 7, 2006.
Performance
FFFTX vs. VFORX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFTX achieves a -0.13% return, which is significantly higher than VFORX's -0.48% return. Over the past 10 years, FFFTX has outperformed VFORX with an annualized return of 10.55%, while VFORX has yielded a comparatively lower 9.83% annualized return.
FFFTX
- 1D
- -0.20%
- 1M
- -2.41%
- YTD
- -0.13%
- 6M
- 2.12%
- 1Y
- 32.25%
- 3Y*
- 15.36%
- 5Y*
- 7.68%
- 10Y*
- 10.55%
VFORX
- 1D
- -0.10%
- 1M
- -2.32%
- YTD
- -0.48%
- 6M
- 1.46%
- 1Y
- 26.23%
- 3Y*
- 14.07%
- 5Y*
- 7.47%
- 10Y*
- 9.83%
FFFTX vs. VFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFTX Fidelity Advisor Freedom 2045 Fund Class M | -0.13% | 22.35% | 13.16% | 18.55% | -18.49% | 15.47% | 16.91% | 25.99% | -8.63% | 21.05% |
VFORX Vanguard Target Retirement 2040 Fund | -0.48% | 18.77% | 12.90% | 18.56% | -17.00% | 14.55% | 15.48% | 23.86% | -7.32% | 18.45% |
Correlation
The correlation between FFFTX and VFORX is 0.98 — these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk. Consider pairing with a less correlated asset class instead.
FFFTX vs. VFORX - Expense Ratio Comparison
FFFTX has a 1.25% expense ratio, which is higher than VFORX's 0.08% expense ratio.
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Return for Risk
FFFTX vs. VFORX — Risk / Return Rank
FFFTX
VFORX
FFFTX vs. VFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) and Vanguard Target Retirement 2040 Fund (VFORX). 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.
| FFFTX | VFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.40 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.01 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.03 | -0.13 |
Martin ratioReturn relative to average drawdown | 8.10 | 8.85 | -0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFFTX | VFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.40 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.61 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.72 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.47 | -0.06 |
Drawdowns
FFFTX vs. VFORX - Drawdown Comparison
The maximum FFFTX drawdown since its inception was -56.90%, which is greater than VFORX's maximum drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for FFFTX and VFORX.
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Drawdown Indicators
| FFFTX | VFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -51.63% | -5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -7.70% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.62% | -24.32% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -31.26% | -29.35% | -1.91% |
Current DrawdownCurrent decline from peak | -6.13% | -4.99% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -6.82% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.04% | +0.56% |
Volatility
FFFTX vs. VFORX - Volatility Comparison
Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) has a higher volatility of 6.28% compared to Vanguard Target Retirement 2040 Fund (VFORX) at 4.67%. This indicates that FFFTX's price experiences larger fluctuations and is considered to be riskier than VFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFTX | VFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 4.67% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 7.58% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 12.60% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.82% | 12.38% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 13.65% | +1.78% |
Dividends
FFFTX vs. VFORX - Dividend Comparison
FFFTX's dividend yield for the trailing twelve months is around 6.22%, more than VFORX's 2.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFTX Fidelity Advisor Freedom 2045 Fund Class M | 6.22% | 6.21% | 1.28% | 1.18% | 10.63% | 9.45% | 5.12% | 6.63% | 11.52% | 4.30% | 4.50% | 3.51% |
VFORX Vanguard Target Retirement 2040 Fund | 2.78% | 2.77% | 2.86% | 2.38% | 2.60% | 20.68% | 2.06% | 2.28% | 2.58% | 0.04% | 2.40% | 2.99% |