FFGZX vs. FIKFX
FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) and FIKFX (Fidelity Freedom Index Income Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFGZX returned 4.28%/yr vs 4.24%/yr for FIKFX. With a 0.97 correlation, they move nearly in lockstep. FFGZX charges 0.08%/yr vs 0.12%/yr for FIKFX.
Performance
FFGZX vs. FIKFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FFGZX having a 4.28% return and FIKFX slightly lower at 4.19%. Both investments have delivered pretty close results over the past 10 years, with FFGZX having a 4.28% annualized return and FIKFX not far behind at 4.24%.
FFGZX
- 1D
- 0.16%
- 1M
- 1.75%
- YTD
- 4.28%
- 6M
- 4.42%
- 1Y
- 10.55%
- 3Y*
- 7.68%
- 5Y*
- 3.28%
- 10Y*
- 4.28%
FIKFX
- 1D
- 0.08%
- 1M
- 1.67%
- YTD
- 4.19%
- 6M
- 4.33%
- 1Y
- 10.42%
- 3Y*
- 7.66%
- 5Y*
- 3.25%
- 10Y*
- 4.24%
FFGZX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 4.28% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
FIKFX Fidelity Freedom Index Income Fund Investor Class | 4.19% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between FFGZX and FIKFX is 0.99 - 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.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.97 |
The correlation between FFGZX and FIKFX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
FFGZX vs. FIKFX — Risk / Return Rank
FFGZX
FIKFX
FFGZX vs. FIKFX - 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 Income Fund Investor Class (FIKFX). 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.
| FFGZX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.54 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.15 | +0.03 |
| Martin ratioReturn relative to average drawdown | 14.23 | 14.03 | +0.19 |
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
| FFGZX | FIKFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 2.63 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.64 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.96 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.01 | -0.08 |
Drawdowns
FFGZX vs. FIKFX - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -14.94%, roughly equal to the maximum FIKFX drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FFGZX and FIKFX.
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Drawdown Indicators
| FFGZX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -15.03% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -3.32% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -4.76% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -15.03% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -15.03% | +0.09% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -1.72% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.74% | 0.00% |
Volatility
FFGZX vs. FIKFX - Volatility Comparison
Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX) have volatilities of 1.49% and 1.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFGZX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.49% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 3.31% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 3.98% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 5.12% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 4.44% | -0.01% |
FFGZX vs. FIKFX - Expense Ratio Comparison
FFGZX has a 0.08% expense ratio, which is lower than FIKFX's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FFGZX vs. FIKFX - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 3.21%, which matches FIKFX's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.21% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.19% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
Frequently Asked Questions
With a correlation of 0.99, FFGZX and FIKFX 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.
FIKFX has higher volatility (1.49%) compared to FFGZX (1.49%). In terms of maximum drawdown, FFGZX dropped -14.94% vs FIKFX's -15.03%.
FFGZX currently has the higher Sharpe Ratio (2.64 vs 2.63), 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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