FFLEX vs. VOO
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Vanguard S&P 500 ETF (VOO).
FFLEX is managed by Fidelity. It was launched on Aug 5, 2014. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
FFLEX vs. VOO - Performance Comparison
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FFLEX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | -4.22% | 21.47% | 14.20% | 19.97% | -18.19% | 15.98% | 16.46% | 26.17% | -7.21% | 20.63% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FFLEX having a -4.22% return and VOO slightly lower at -4.42%. Over the past 10 years, FFLEX has underperformed VOO with an annualized return of 10.44%, while VOO has yielded a comparatively higher 14.05% annualized return.
FFLEX
- 1D
- -0.19%
- 1M
- -8.58%
- YTD
- -4.22%
- 6M
- -1.26%
- 1Y
- 16.54%
- 3Y*
- 14.21%
- 5Y*
- 7.77%
- 10Y*
- 10.44%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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FFLEX vs. VOO - Expense Ratio Comparison
FFLEX has a 0.08% expense ratio, which is higher than VOO's 0.03% 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%.
Return for Risk
FFLEX vs. VOO — Risk / Return Rank
FFLEX
VOO
FFLEX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Vanguard S&P 500 ETF (VOO). 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.
| FFLEX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.98 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.50 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.53 | -0.16 |
Martin ratioReturn relative to average drawdown | 6.34 | 7.29 | -0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFLEX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.98 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.70 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.83 | -0.21 |
Correlation
The correlation between FFLEX and VOO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FFLEX vs. VOO - Dividend Comparison
FFLEX's dividend yield for the trailing twelve months is around 2.07%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 2.07% | 1.98% | 1.98% | 1.94% | 2.03% | 1.95% | 1.85% | 6.75% | 2.36% | 2.16% | 2.44% | 1.82% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
FFLEX vs. VOO - Drawdown Comparison
The maximum FFLEX drawdown since its inception was -30.71%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFLEX and VOO.
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Drawdown Indicators
| FFLEX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -33.99% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -11.98% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.17% | -24.52% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | -33.99% | +3.28% |
Current DrawdownCurrent decline from peak | -9.07% | -6.29% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -3.72% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.52% | -0.17% |
Volatility
FFLEX vs. VOO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) is 4.97%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that FFLEX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFLEX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 5.29% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 9.44% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 18.10% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 16.82% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 17.99% | -2.90% |