FFLDX vs. SWYJX

Last updated Jun 24, 2026

FFLDX (Fidelity Freedom Index 2055 Fund) and SWYJX (Schwab Target 2055 Index Fund) are both Target Retirement Date funds. Over the past 5 years, FFLDX returned 10.11%/yr vs 10.20%/yr for SWYJX. With a 0.98 correlation, they move nearly in lockstep. FFLDX charges 0.08%/yr vs 0.04%/yr for SWYJX.

Performance

FFLDX vs. SWYJX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FFLDX having a 11.91% return and SWYJX slightly higher at 12.15%.

FFLDX

• 1D: -0.14%
• 1M: 1.79%
• YTD: 11.91%
• 6M: 11.33%
• 1Y: 26.85%
• 3Y*: 19.03%
• 5Y*: 10.11%
• 10Y*: 12.38%

SWYJX

• 1D: 0.00%
• 1M: 1.71%
• YTD: 12.15%
• 6M: 11.46%
• 1Y: 26.50%
• 3Y*: 19.27%
• 5Y*: 10.20%
• 10Y*: —

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

FFLDX vs. SWYJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFLDX Fidelity Freedom Index 2055 Fund	11.91%	21.48%	14.18%	19.93%	-17.32%	15.93%	16.52%	26.02%	-7.16%	20.57%
SWYJX Schwab Target 2055 Index Fund	12.15%	19.90%	14.52%	21.23%	-17.80%	18.36%	14.79%	25.78%	-7.85%	21.01%

Correlation

The correlation between FFLDX and SWYJX 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	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 30, 2016	0.98

The correlation between FFLDX and SWYJX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FFLDX vs. SWYJX — Risk / Return Rank

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

FFLDX

FFLDX Risk / Return Rank: 70
FFLDX Sharpe Ratio Rank: 70
FFLDX Sortino Ratio Rank: 65
FFLDX Omega Ratio Rank: 67
FFLDX Calmar Ratio Rank: 70
FFLDX Martin Ratio Rank: 76

SWYJX

SWYJX Risk / Return Rank: 71
SWYJX Sharpe Ratio Rank: 71
SWYJX Sortino Ratio Rank: 67
SWYJX Omega Ratio Rank: 66
SWYJX Calmar Ratio Rank: 72
SWYJX Martin Ratio Rank: 79

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. SWYJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Schwab Target 2055 Index Fund (SWYJX). 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	SWYJX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.25	-0.01
Sortino ratio: Return per unit of downside risk	3.07	3.10	-0.03
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.09	3.14	-0.05
Martin ratio: Return relative to average drawdown	13.34	13.76	-0.42

FFLDX vs. SWYJX - Sharpe Ratio Comparison

The current FFLDX Sharpe Ratio is 2.24, which is comparable to the SWYJX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of FFLDX and SWYJX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFLDX vs. SWYJX - Drawdown Comparison

The maximum FFLDX drawdown since its inception was -30.72%, roughly equal to the maximum SWYJX drawdown of -31.18%. Use the drawdown chart below to compare losses from any high point for FFLDX and SWYJX.

Drawdown Indicators

	FFLDX	SWYJX	Difference
Max Drawdown Largest peak-to-trough decline	-30.72%	-31.18%	+0.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-8.83%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-14.74%	-15.46%	+0.72%
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	-25.69%	-0.49%
Max Drawdown (10Y) Largest decline over 10 years	-30.72%	—	—
Current Drawdown Current decline from peak	-0.63%	-0.40%	-0.23%
Average Drawdown Average peak-to-trough decline	-4.55%	-4.60%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.01%	+0.08%

Volatility

FFLDX vs. SWYJX - Volatility Comparison

Fidelity Freedom Index 2055 Fund (FFLDX) has a higher volatility of 5.06% compared to Schwab Target 2055 Index Fund (SWYJX) at 4.66%. This indicates that FFLDX's price experiences larger fluctuations and is considered to be riskier than SWYJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLDX	SWYJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	4.66%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	10.11%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	12.31%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	15.23%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	16.09%	-0.87%

FFLDX vs. SWYJX - Expense Ratio Comparison

FFLDX has a 0.08% expense ratio, which is higher than SWYJX's 0.04% expense ratio. However, 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. SWYJX - Dividend Comparison

FFLDX's dividend yield for the trailing twelve months is around 1.72%, which matches SWYJX's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFLDX Fidelity Freedom Index 2055 Fund	1.72%	2.00%	2.02%	1.96%	3.04%	1.99%	1.91%	10.83%	2.39%	1.97%	2.42%	2.32%
SWYJX Schwab Target 2055 Index Fund	1.73%	1.95%	1.99%	1.99%	1.93%	1.77%	1.62%	1.96%	2.17%	1.47%	1.25%	0.00%

Frequently Asked Questions

Can I hold both FFLDX and SWYJX in my portfolio?

With a correlation of 0.99, FFLDX and SWYJX 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 SWYJX?

FFLDX has higher volatility (5.06%) compared to SWYJX (4.66%). In terms of maximum drawdown, FFLDX dropped -30.72% vs SWYJX's -31.18%.

Which has better risk-adjusted returns?

SWYJX currently has the higher Sharpe Ratio (2.25 vs 2.24), 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.