FFGZX vs. FFOPX
FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFGZX returned 4.30%/yr vs 12.24%/yr for FFOPX. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.08% expense ratio.
Performance
FFGZX vs. FFOPX - Performance Comparison
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Returns By Period
In the year-to-date period, FFGZX achieves a 3.81% return, which is significantly lower than FFOPX's 11.72% return. Over the past 10 years, FFGZX has underperformed FFOPX with an annualized return of 4.30%, while FFOPX has yielded a comparatively higher 12.24% annualized return.
FFGZX
- 1D
- -0.16%
- 1M
- 0.66%
- YTD
- 3.81%
- 6M
- 3.79%
- 1Y
- 9.19%
- 3Y*
- 7.39%
- 5Y*
- 3.08%
- 10Y*
- 4.30%
FFOPX
- 1D
- -0.17%
- 1M
- 1.74%
- YTD
- 11.72%
- 6M
- 11.09%
- 1Y
- 26.60%
- 3Y*
- 18.95%
- 5Y*
- 9.84%
- 10Y*
- 12.24%
FFGZX vs. FFOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.81% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 11.72% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 20.61% |
Correlation
The correlation between FFGZX and FFOPX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.75 |
The correlation between FFGZX and FFOPX shifts across timeframes, from 0.73 (10 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FFGZX vs. FFOPX — Risk / Return Rank
FFGZX
FFOPX
FFGZX vs. FFOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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.
| FFGZX | FFOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 3.09 | -0.24 |
| Martin ratioReturn relative to average drawdown | 12.41 | 13.31 | -0.90 |
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Drawdowns
FFGZX vs. FFOPX - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -14.94%, smaller than the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FFGZX and FFOPX.
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Drawdown Indicators
| FFGZX | FFOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -30.71% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -8.97% | +5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -14.72% | +9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -26.18% | +11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -30.71% | +15.77% |
Current DrawdownCurrent decline from peak | -0.45% | -0.66% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -4.66% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.08% | -1.32% |
Volatility
FFGZX vs. FFOPX - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) is 1.86%, while Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a volatility of 4.96%. This indicates that FFGZX experiences smaller price fluctuations and is considered to be less risky than FFOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFGZX | FFOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 4.96% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 10.27% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 12.34% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 14.51% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 15.21% | -10.75% |
FFGZX vs. FFOPX - Expense Ratio Comparison
Both FFGZX and FFOPX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FFGZX vs. FFOPX - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 3.22%, more than FFOPX's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.22% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.79% | 2.01% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.32% | 2.09% | 2.14% | 2.01% |
Frequently Asked Questions
FFGZX and FFOPX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFOPX has higher volatility (4.96%) compared to FFGZX (1.86%). In terms of maximum drawdown, FFGZX dropped -14.94% vs FFOPX's -30.71%.
FFOPX currently has the higher Sharpe Ratio (2.25 vs 2.20), 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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