FFLDX vs. FFNOX
FFLDX (Fidelity Freedom Index 2055 Fund) and FFNOX (Fidelity Multi-Asset Index Fund) are both mutual funds - FFLDX is a Target Retirement Date fund managed by Fidelity, while FFNOX is a Diversified Portfolio fund actively managed by Fidelity. Over the past 10 years, FFLDX returned 12.10%/yr vs 11.33%/yr for FFNOX. With a 0.99 correlation, they move nearly in lockstep. FFLDX charges 0.08%/yr vs 0.11%/yr for FFNOX.
Performance
FFLDX vs. FFNOX - Performance Comparison
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Returns By Period
In the year-to-date period, FFLDX achieves a 12.07% return, which is significantly higher than FFNOX's 11.33% return. Over the past 10 years, FFLDX has outperformed FFNOX with an annualized return of 12.10%, while FFNOX has yielded a comparatively lower 11.33% annualized return.
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%
FFNOX
- 1D
- 1.16%
- 1M
- 2.04%
- YTD
- 11.33%
- 6M
- 11.14%
- 1Y
- 26.10%
- 3Y*
- 17.15%
- 5Y*
- 9.73%
- 10Y*
- 11.33%
FFLDX vs. FFNOX - 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% |
FFNOX Fidelity Multi-Asset Index Fund | 11.33% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -6.58% | 17.09% |
Correlation
The correlation between FFLDX and FFNOX 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 29, 2015 | 0.99 |
The correlation between FFLDX and FFNOX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FFLDX vs. FFNOX — Risk / Return Rank
FFLDX
FFNOX
FFLDX vs. FFNOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Multi-Asset Index Fund (FFNOX). 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 | FFNOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.99 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.22 | 12.78 | +0.43 |
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Drawdowns
FFLDX vs. FFNOX - Drawdown Comparison
The maximum FFLDX drawdown since its inception was -30.72%, smaller than the maximum FFNOX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for FFLDX and FFNOX.
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Drawdown Indicators
| FFLDX | FFNOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -49.84% | +19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -8.60% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -14.10% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -26.04% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -29.93% | -0.79% |
Current DrawdownCurrent decline from peak | -0.49% | -0.22% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -8.69% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.01% | +0.08% |
Volatility
FFLDX vs. FFNOX - Volatility Comparison
Fidelity Freedom Index 2055 Fund (FFLDX) has a higher volatility of 5.18% compared to Fidelity Multi-Asset Index Fund (FFNOX) at 4.81%. This indicates that FFLDX's price experiences larger fluctuations and is considered to be riskier than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFLDX | FFNOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 4.81% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 9.89% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 11.86% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 13.88% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 14.62% | +0.60% |
FFLDX vs. FFNOX - Expense Ratio Comparison
FFLDX has a 0.08% expense ratio, which is lower than FFNOX's 0.11% 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. FFNOX - Dividend Comparison
FFLDX's dividend yield for the trailing twelve months is around 1.71%, less than FFNOX's 2.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFNOX Fidelity Multi-Asset Index Fund | 2.31% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
Frequently Asked Questions
With a correlation of 1.00, FFLDX and FFNOX 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.
FFLDX has higher volatility (5.18%) compared to FFNOX (4.81%). In terms of maximum drawdown, FFLDX dropped -30.72% vs FFNOX's -49.84%.
FFLDX currently has the higher Sharpe Ratio (2.22 vs 2.17), 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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