FFGZX vs. FQLSX

Last updated Jun 4, 2026

FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FFGZX returned 3.28%/yr vs 11.34%/yr for FQLSX. A 0.72 correlation means they provide meaningful diversification when combined. FFGZX charges 0.08%/yr vs 0.00%/yr for FQLSX.

Performance

FFGZX vs. FQLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFGZX achieves a 4.28% return, which is significantly lower than FQLSX's 14.07% return.

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%

FQLSX

• 1D: 0.65%
• 1M: 5.43%
• YTD: 14.07%
• 6M: 15.67%
• 1Y: 31.25%
• 3Y*: 22.00%
• 5Y*: 11.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFGZX vs. FQLSX - 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%	3.11%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	14.07%	22.80%	18.08%	21.04%	-18.58%	16.89%	18.43%	25.96%	-8.31%	10.12%

Correlation

The correlation between FFGZX and FQLSX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.72

The correlation between FFGZX and FQLSX shifts across timeframes, from 0.71 (5 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FFGZX vs. FQLSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFGZX

FFGZX Risk / Return Rank: 78
FFGZX Sharpe Ratio Rank: 82
FFGZX Sortino Ratio Rank: 84
FFGZX Omega Ratio Rank: 82
FFGZX Calmar Ratio Rank: 68
FFGZX Martin Ratio Rank: 75

FQLSX

FQLSX Risk / Return Rank: 74
FQLSX Sharpe Ratio Rank: 76
FQLSX Sortino Ratio Rank: 70
FQLSX Omega Ratio Rank: 70
FQLSX Calmar Ratio Rank: 74
FQLSX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFGZX vs. FQLSX - 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 Flex Freedom Blend 2055 Fund (FQLSX). 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	FQLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.54	+0.10
Sortino ratio: Return per unit of downside risk	3.97	3.50	+0.47
Omega ratio: Gain probability vs. loss probability	1.54	1.47	+0.07
Calmar ratio: Return relative to maximum drawdown	3.18	3.36	-0.18
Martin ratio: Return relative to average drawdown	14.23	14.85	-0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFGZX vs. FQLSX - Sharpe Ratio Comparison

The current FFGZX Sharpe Ratio is 2.64, which is comparable to the FQLSX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FFGZX and FQLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFGZX	FQLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.54	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.75	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.78	+0.15

Drawdowns

FFGZX vs. FQLSX - Drawdown Comparison

The maximum FFGZX drawdown since its inception was -14.94%, smaller than the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for FFGZX and FQLSX.

Drawdown Indicators

	FFGZX	FQLSX	Difference
Max Drawdown Largest peak-to-trough decline	-14.94%	-31.26%	+16.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.33%	-9.48%	+6.15%
Max Drawdown (3Y) Largest decline over 3 years	-4.76%	-15.37%	+10.61%
Max Drawdown (5Y) Largest decline over 5 years	-14.94%	-27.41%	+12.47%
Max Drawdown (10Y) Largest decline over 10 years	-14.94%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.26%	-5.43%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	2.14%	-1.40%

Volatility

FFGZX vs. FQLSX - Volatility Comparison

The current volatility for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) is 1.49%, while Fidelity Flex Freedom Blend 2055 Fund (FQLSX) has a volatility of 4.13%. This indicates that FFGZX experiences smaller price fluctuations and is considered to be less risky than FQLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFGZX	FQLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	4.13%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	3.34%	10.29%	-6.95%
Volatility (1Y) Calculated over the trailing 1-year period	4.01%	12.54%	-8.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.08%	15.12%	-10.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.43%	16.08%	-11.65%

FFGZX vs. FQLSX - Expense Ratio Comparison

FFGZX has a 0.08% expense ratio, which is higher than FQLSX'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. FQLSX - Dividend Comparison

FFGZX's dividend yield for the trailing twelve months is around 3.21%, less than FQLSX's 4.59% 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%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	4.59%	3.32%	7.20%	2.08%	5.79%	8.05%	5.76%	7.02%	8.18%	3.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFGZX and FQLSX in my portfolio?

FFGZX and FQLSX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFGZX or FQLSX?

FQLSX has higher volatility (4.13%) compared to FFGZX (1.49%). In terms of maximum drawdown, FFGZX dropped -14.94% vs FQLSX's -31.26%.

Which has better risk-adjusted returns?

FFGZX currently has the higher Sharpe Ratio (2.64 vs 2.54), 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.