FFLDX vs. FDEWX

Last updated Jun 3, 2026

FFLDX (Fidelity Freedom Index 2055 Fund) and FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFLDX returned 12.03%/yr vs 11.90%/yr for FDEWX. With a 1.00 correlation, they move nearly in lockstep. FFLDX charges 0.08%/yr vs 0.12%/yr for FDEWX.

Performance

FFLDX vs. FDEWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FFLDX having a 12.15% return and FDEWX slightly lower at 12.11%. Both investments have delivered pretty close results over the past 10 years, with FFLDX having a 12.03% annualized return and FDEWX not far behind at 11.90%.

FFLDX

• 1D: 0.35%
• 1M: 4.70%
• YTD: 12.15%
• 6M: 13.48%
• 1Y: 28.47%
• 3Y*: 19.43%
• 5Y*: 10.18%
• 10Y*: 12.03%

FDEWX

• 1D: 0.35%
• 1M: 4.70%
• YTD: 12.11%
• 6M: 13.42%
• 1Y: 28.40%
• 3Y*: 19.36%
• 5Y*: 9.96%
• 10Y*: 11.90%

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

FFLDX vs. FDEWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFLDX Fidelity Freedom Index 2055 Fund	12.15%	21.48%	14.18%	19.93%	-17.32%	15.93%	16.52%	26.02%	-7.16%	20.57%
FDEWX Fidelity Freedom Index 2055 Fund Investor Class	12.11%	21.39%	14.14%	19.95%	-18.01%	15.88%	16.46%	25.94%	-7.19%	20.53%

Correlation

The correlation between FFLDX and FDEWX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015	1.00

The correlation between FFLDX and FDEWX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FFLDX vs. FDEWX — Risk / Return Rank

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

FFLDX

FFLDX Risk / Return Rank: 71
FFLDX Sharpe Ratio Rank: 74
FFLDX Sortino Ratio Rank: 68
FFLDX Omega Ratio Rank: 68
FFLDX Calmar Ratio Rank: 68
FFLDX Martin Ratio Rank: 75

FDEWX

FDEWX Risk / Return Rank: 71
FDEWX Sharpe Ratio Rank: 75
FDEWX Sortino Ratio Rank: 69
FDEWX Omega Ratio Rank: 68
FDEWX Calmar Ratio Rank: 68
FDEWX Martin Ratio Rank: 75

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.

FFLDX vs. FDEWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). 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.

	FFLDX	FDEWX	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.51	-0.01
Sortino ratio Return per unit of downside risk	3.45	3.47	-0.02
Omega ratio Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio Return relative to maximum drawdown	3.20	3.20	+0.01
Martin ratio Return relative to average drawdown	14.24	14.16	+0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFLDX vs. FDEWX - Sharpe Ratio Comparison

The current FFLDX Sharpe Ratio is 2.50, which is comparable to the FDEWX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FFLDX and FDEWX, 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

	FFLDX	FDEWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.51	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.70	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.79	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.69	+0.03

Drawdowns

FFLDX vs. FDEWX - Drawdown Comparison

The maximum FFLDX drawdown since its inception was -30.72%, roughly equal to the maximum FDEWX drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for FFLDX and FDEWX.

Drawdown Indicators

	FFLDX	FDEWX	Difference
Max Drawdown Largest peak-to-trough decline	-30.72%	-30.69%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-9.07%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.74%	-14.74%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	-26.22%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	-30.72%	-30.69%	-0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.57%	-4.23%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.05%	-0.01%

Volatility

FFLDX vs. FDEWX - Volatility Comparison

Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) have volatilities of 3.56% and 3.52%, 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.

Volatility by Period

	FFLDX	FDEWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	3.52%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	9.40%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	11.63%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	14.39%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	15.17%	0.00%

FFLDX vs. FDEWX - Expense Ratio Comparison

FFLDX has a 0.08% expense ratio, which is lower than FDEWX'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

FFLDX vs. FDEWX - Dividend Comparison

FFLDX's dividend yield for the trailing twelve months is around 1.71%, more than FDEWX's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDEWX Fidelity Freedom Index 2055 Fund Investor Class	1.69%	1.97%	1.98%	1.92%	2.24%	1.89%	1.85%	10.83%	2.36%	1.93%	2.42%	2.31%
FFLDX Fidelity Freedom Index 2055 Fund	1.71%	2.00%	2.02%	1.96%	3.04%	1.99%	1.91%	10.83%	2.39%	1.97%	2.42%	2.32%

Frequently Asked Questions

Can I hold both FFLDX and FDEWX in my portfolio?

With a correlation of 1.00, FFLDX and FDEWX 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.

Which is riskier, FFLDX or FDEWX?

FFLDX has higher volatility (3.56%) compared to FDEWX (3.52%). In terms of maximum drawdown, FFLDX dropped -30.72% vs FDEWX's -30.69%.

Which has better risk-adjusted returns?

FDEWX currently has the higher Sharpe Ratio (2.51 vs 2.50), 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.