FFLEX vs. VTTSX
FFLEX (Fidelity Freedom Index 2060 Fund Institutional Premium Class) and VTTSX (Vanguard Target Retirement 2060 Fund) are both mutual funds - FFLEX is a Target Retirement Date fund managed by Fidelity, while VTTSX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, FFLEX returned 11.98%/yr vs 11.95%/yr for VTTSX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.08% expense ratio.
Performance
FFLEX vs. VTTSX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FFLEX having a 12.63% return and VTTSX slightly lower at 12.17%. Both investments have delivered pretty close results over the past 10 years, with FFLEX having a 11.98% annualized return and VTTSX not far behind at 11.95%.
FFLEX
- 1D
- 0.41%
- 1M
- 5.63%
- YTD
- 12.63%
- 6M
- 13.55%
- 1Y
- 28.80%
- 3Y*
- 19.60%
- 5Y*
- 10.15%
- 10Y*
- 11.98%
VTTSX
- 1D
- 0.35%
- 1M
- 5.18%
- YTD
- 12.17%
- 6M
- 13.10%
- 1Y
- 28.27%
- 3Y*
- 19.70%
- 5Y*
- 10.37%
- 10Y*
- 11.95%
FFLEX vs. VTTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 12.63% | 21.47% | 14.20% | 19.97% | -18.19% | 15.98% | 16.46% | 26.17% | -7.21% | 20.63% |
VTTSX Vanguard Target Retirement 2060 Fund | 12.17% | 21.43% | 14.61% | 20.19% | -17.48% | 16.45% | 16.33% | 26.18% | -8.78% | 21.40% |
Correlation
The correlation between FFLEX and VTTSX 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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.99 |
The correlation between FFLEX and VTTSX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FFLEX vs. VTTSX — Risk / Return Rank
FFLEX
VTTSX
FFLEX vs. VTTSX - 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 Target Retirement 2060 Fund (VTTSX). 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 | VTTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.21 | 0.00 |
| Martin ratioReturn relative to average drawdown | 14.22 | 14.23 | -0.01 |
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 | VTTSX | 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 | 0.74 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.79 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.79 | -0.07 |
Drawdowns
FFLEX vs. VTTSX - Drawdown Comparison
The maximum FFLEX drawdown since its inception was -30.71%, roughly equal to the maximum VTTSX drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for FFLEX and VTTSX.
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Drawdown Indicators
| FFLEX | VTTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -31.38% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -8.93% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -14.51% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -26.17% | -25.40% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | -31.38% | +0.67% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -4.04% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.01% | +0.03% |
Volatility
FFLEX vs. VTTSX - Volatility Comparison
Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) has a higher volatility of 3.53% compared to Vanguard Target Retirement 2060 Fund (VTTSX) at 3.36%. This indicates that FFLEX's price experiences larger fluctuations and is considered to be riskier than VTTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFLEX | VTTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 3.36% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 9.08% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 11.42% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.18% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 15.10% | +0.06% |
FFLEX vs. VTTSX - Expense Ratio Comparison
Both FFLEX and VTTSX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FFLEX vs. VTTSX - Dividend Comparison
FFLEX's dividend yield for the trailing twelve months is around 1.71%, less than VTTSX's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 1.71% | 1.98% | 1.98% | 1.94% | 2.03% | 1.95% | 1.85% | 6.75% | 2.36% | 2.16% | 2.44% | 1.82% |
VTTSX Vanguard Target Retirement 2060 Fund | 1.83% | 2.06% | 2.20% | 2.14% | 2.09% | 5.67% | 1.83% | 2.11% | 2.33% | 1.77% | 1.98% | 1.92% |
Frequently Asked Questions
With a correlation of 1.00, FFLEX and VTTSX 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.
FFLEX has higher volatility (3.53%) compared to VTTSX (3.36%). In terms of maximum drawdown, FFLEX dropped -30.71% vs VTTSX's -31.38%.
VTTSX 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.
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