FFGZX vs. FNILX
FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FFGZX is a Target Retirement Date fund managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FFGZX returned 2.70%/yr vs 12.36%/yr for FNILX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. FFGZX charges 0.08%/yr vs 0.00%/yr for FNILX.
Performance
FFGZX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FFGZX achieves a 3.16% return, which is significantly lower than FNILX's 9.06% return.
FFGZX
- 1D
- 0.56%
- 1M
- -0.47%
- 6M
- 2.17%
- YTD
- 3.16%
- 1Y
- 6.99%
- 3Y*
- 6.83%
- 5Y*
- 2.70%
- 10Y*
- 4.03%
- ALL TIME*
- 3.90%
FNILX
- 1D
- 1.68%
- 1M
- -0.67%
- 6M
- 7.78%
- YTD
- 9.06%
- 1Y
- 20.09%
- 3Y*
- 19.19%
- 5Y*
- 12.36%
- 10Y*
- —
- ALL TIME*
- 14.53%
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 |
FFGZX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.16% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -1.65% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.06% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between FFGZX and FNILX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.66 |
The correlation between FFGZX and FNILX shifts across timeframes, from 0.65 (5 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FFGZX vs. FNILX — Risk / Return Rank
FFGZX
FNILX
FFGZX vs. FNILX - 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 ZERO Large Cap Index Fund (FNILX). 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 | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.98 | +0.19 |
| Martin ratioReturn relative to average drawdown | 8.81 | 8.30 | +0.51 |
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Drawdowns
FFGZX vs. FNILX - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -14.94%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FFGZX and FNILX.
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Drawdown Indicators
| FFGZX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -33.76% | +18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -9.01% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -19.08% | +15.26% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -25.40% | +10.46% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -2.24% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -5.30% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.14% | -1.32% |
Volatility
FFGZX vs. FNILX - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) is 1.37%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 3.46%. This indicates that FFGZX experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFGZX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 3.46% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 10.17% | -6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 12.97% | -8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 17.37% | -12.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 19.95% | -15.48% |
FFGZX vs. FNILX - Expense Ratio Comparison
FFGZX has a 0.08% expense ratio, which is higher than FNILX's 0.00% expense ratio. However, 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. FNILX - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 3.09%, more than FNILX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 2.76% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.93% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FFGZX and FNILX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNILX has higher volatility (3.46%) compared to FFGZX (1.37%). In terms of maximum drawdown, FFGZX dropped -14.94% vs FNILX's -33.76%.
FFGZX currently has the higher Sharpe Ratio (1.62 vs 1.37), 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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