FFGZX vs. TLT
FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) and TLT (iShares 20+ Year Treasury Bond ETF) are both funds - FFGZX is a Target Retirement Date fund managed by Fidelity, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, FFGZX returned 4.06%/yr vs -2.33%/yr for TLT. Their 0.45 correlation means their historical movements had little consistent relationship. FFGZX charges 0.08%/yr vs 0.15%/yr for TLT.
Performance
FFGZX vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, FFGZX achieves a 3.16% return, which is significantly higher than TLT's -3.18% return. Over the past 10 years, FFGZX has outperformed TLT with an annualized return of 4.06%, while TLT has yielded a comparatively lower -2.33% annualized return.
FFGZX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 2.17%
- YTD
- 3.16%
- 1Y
- 6.99%
- 3Y*
- 6.99%
- 5Y*
- 2.70%
- 10Y*
- 4.06%
- ALL TIME*
- 3.90%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.39B | $2.06B | $2.20B |
FFGZX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -0.80% | 6.73% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between FFGZX and TLT is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.45 |
The correlation between FFGZX and TLT shifts across timeframes, from 0.45 (all time) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FFGZX vs. TLT — Risk / Return Rank
FFGZX
TLT
FFGZX vs. TLT - 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 iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.97 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.28 | +2.47 |
| Martin ratioReturn relative to average drawdown | 8.89 | -0.59 | +9.48 |
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Drawdowns
FFGZX vs. TLT - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -14.94%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FFGZX and TLT.
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Drawdown Indicators
| FFGZX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -48.35% | +33.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -7.74% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -14.79% | +10.97% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -43.70% | +28.76% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -48.35% | +33.41% |
Current DrawdownCurrent decline from peak | -1.07% | -42.17% | +41.10% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -14.00% | +11.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.60% | -2.78% |
Volatility
FFGZX vs. TLT - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) is 1.34%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.51%. This indicates that FFGZX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFGZX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.51% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 6.84% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 9.24% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 15.74% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 14.83% | -10.36% |
FFGZX vs. TLT - Expense Ratio Comparison
FFGZX has a 0.08% expense ratio, which is lower than TLT's 0.15% 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. TLT - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 2.76%, less than TLT's 4.75% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
FFGZX and TLT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.51%) compared to FFGZX (1.34%). In terms of maximum drawdown, FFGZX dropped -14.94% vs TLT's -48.35%.
FFGZX currently has the higher Sharpe Ratio (1.64 vs -0.23), 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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