FFIZX vs. FIKFX
FFIZX (Fidelity Freedom Index 2040 Fund Institutional Premium Class) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFIZX returned 11.08%/yr vs 4.05%/yr for FIKFX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FFIZX charges 0.08%/yr vs 0.12%/yr for FIKFX.
Performance
FFIZX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, FFIZX achieves a 10.21% return, which is significantly higher than FIKFX's 3.61% return. Over the past 10 years, FFIZX has outperformed FIKFX with an annualized return of 11.08%, while FIKFX has yielded a comparatively lower 4.05% annualized return.
FFIZX
- 1D
- 0.92%
- 1M
- 0.57%
- 6M
- 7.34%
- YTD
- 10.21%
- 1Y
- 19.46%
- 3Y*
- 16.65%
- 5Y*
- 8.63%
- 10Y*
- 11.08%
- ALL TIME*
- 10.22%
FIKFX
- 1D
- 0.32%
- 1M
- -0.03%
- 6M
- 2.62%
- YTD
- 3.61%
- 1Y
- 7.09%
- 3Y*
- 7.31%
- 5Y*
- 2.73%
- 10Y*
- 4.05%
- ALL TIME*
- 3.93%
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 |
FFIZX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 10.21% | 19.93% | 13.37% | 19.44% | -18.15% | 15.97% | 16.51% | 26.01% | -7.20% | 20.57% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 3.61% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between FFIZX and FIKFX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.75 |
The correlation between FFIZX and FIKFX shifts across timeframes, from 0.74 (10 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FFIZX vs. FIKFX — Risk / Return Rank
FFIZX
FIKFX
FFIZX vs. FIKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Fidelity Freedom Index Retirement 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.
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.
| FFIZX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.25 | +0.34 |
| Martin ratioReturn relative to average drawdown | 10.64 | 9.29 | +1.35 |
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Drawdowns
FFIZX vs. FIKFX - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -30.69%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FFIZX and FIKFX.
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Drawdown Indicators
| FFIZX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -15.03% | -15.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -3.32% | -4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -3.82% | -9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -15.03% | -11.04% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -15.03% | -15.66% |
Current DrawdownCurrent decline from peak | -0.66% | -0.56% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -1.71% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.80% | +1.16% |
Volatility
FFIZX vs. FIKFX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) has a higher volatility of 3.41% compared to Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) at 1.39%. This indicates that FFIZX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFIZX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 1.39% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 3.85% | +5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 4.45% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 5.21% | +8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 4.48% | +10.37% |
FFIZX vs. FIKFX - Expense Ratio Comparison
FFIZX 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
FFIZX vs. FIKFX - Dividend Comparison
FFIZX's dividend yield for the trailing twelve months is around 2.26%, less than FIKFX's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.26% | 2.38% | 2.23% | 2.00% | 2.13% | 2.08% | 2.02% | 18.32% | 2.26% | 1.86% | 2.04% | 2.04% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 2.87% | 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 0.91, FFIZX 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.
FFIZX has higher volatility (3.41%) compared to FIKFX (1.39%). In terms of maximum drawdown, FFIZX dropped -30.69% vs FIKFX's -15.03%.
FFIZX currently has the higher Sharpe Ratio (1.83 vs 1.68), 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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