FFLDX vs. FDKVX
FFLDX (Fidelity Freedom Index 2055 Fund) and FDKVX (Fidelity Freedom 2060 Fund) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFLDX returned 12.10%/yr vs 12.63%/yr for FDKVX. With a 0.99 correlation, they move nearly in lockstep. FFLDX charges 0.08%/yr vs 0.75%/yr for FDKVX.
Performance
FFLDX vs. FDKVX - Performance Comparison
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Returns By Period
In the year-to-date period, FFLDX achieves a 12.07% return, which is significantly lower than FDKVX's 14.95% return. Both investments have delivered pretty close results over the past 10 years, with FFLDX having a 12.10% annualized return and FDKVX not far ahead at 12.63%.
FFLDX
- 1D
- 1.21%
- 1M
- 1.93%
- YTD
- 12.07%
- 6M
- 11.96%
- 1Y
- 28.04%
- 3Y*
- 18.26%
- 5Y*
- 10.41%
- 10Y*
- 12.10%
FDKVX
- 1D
- 1.48%
- 1M
- 3.33%
- YTD
- 14.95%
- 6M
- 15.00%
- 1Y
- 32.46%
- 3Y*
- 20.07%
- 5Y*
- 10.95%
- 10Y*
- 12.63%
FFLDX vs. FDKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFLDX Fidelity Freedom Index 2055 Fund | 12.07% | 21.48% | 14.18% | 19.93% | -17.32% | 15.93% | 16.52% | 26.02% | -7.16% | 20.57% |
FDKVX Fidelity Freedom 2060 Fund | 14.95% | 23.75% | 14.02% | 20.50% | -18.30% | 16.60% | 18.18% | 25.43% | -8.90% | 22.11% |
Correlation
The correlation between FFLDX and FDKVX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.99 |
The correlation between FFLDX and FDKVX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FFLDX vs. FDKVX — Risk / Return Rank
FFLDX
FDKVX
FFLDX vs. FDKVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Freedom 2060 Fund (FDKVX). 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.
| FFLDX | FDKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.29 | -0.23 |
| Martin ratioReturn relative to average drawdown | 13.22 | 14.38 | -1.17 |
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Drawdowns
FFLDX vs. FDKVX - Drawdown Comparison
The maximum FFLDX drawdown since its inception was -30.72%, roughly equal to the maximum FDKVX drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FFLDX and FDKVX.
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Drawdown Indicators
| FFLDX | FDKVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -30.95% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -9.78% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -15.41% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -27.35% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -30.95% | +0.23% |
Current DrawdownCurrent decline from peak | -0.49% | 0.00% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -5.05% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.23% | -0.14% |
Volatility
FFLDX vs. FDKVX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund (FFLDX) is 5.18%, while Fidelity Freedom 2060 Fund (FDKVX) has a volatility of 5.88%. This indicates that FFLDX experiences smaller price fluctuations and is considered to be less risky than FDKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFLDX | FDKVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 5.88% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 11.73% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 13.73% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 15.20% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 15.44% | -0.22% |
FFLDX vs. FDKVX - Expense Ratio Comparison
FFLDX has a 0.08% expense ratio, which is lower than FDKVX's 0.75% expense ratio.
Dividends
FFLDX vs. FDKVX - Dividend Comparison
FFLDX's dividend yield for the trailing twelve months is around 1.71%, less than FDKVX's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDKVX Fidelity Freedom 2060 Fund | 4.83% | 3.69% | 1.86% | 1.98% | 10.62% | 10.17% | 3.81% | 5.90% | 5.83% | 3.23% | 2.85% | 3.00% |
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
With a correlation of 0.99, FFLDX and FDKVX 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.
FDKVX has higher volatility (5.88%) compared to FFLDX (5.18%). In terms of maximum drawdown, FFLDX dropped -30.72% vs FDKVX's -30.95%.
FDKVX currently has the higher Sharpe Ratio (2.34 vs 2.22), 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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