FFOLX vs. FFFGX
FFOLX (Fidelity Freedom Index 2045 Fund Institutional Premium Class) and FFFGX (Fidelity Freedom 2045 Fund) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFOLX returned 12.21%/yr vs 12.90%/yr for FFFGX. With a 0.99 correlation, they move nearly in lockstep. FFOLX charges 0.08%/yr vs 0.75%/yr for FFFGX.
Performance
FFOLX vs. FFFGX - Performance Comparison
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Returns By Period
In the year-to-date period, FFOLX achieves a 11.53% return, which is significantly lower than FFFGX's 14.17% return. Over the past 10 years, FFOLX has underperformed FFFGX with an annualized return of 12.21%, while FFFGX has yielded a comparatively higher 12.90% annualized return.
FFOLX
- 1D
- -0.17%
- 1M
- 1.75%
- YTD
- 11.53%
- 6M
- 10.93%
- 1Y
- 26.40%
- 3Y*
- 18.89%
- 5Y*
- 9.81%
- 10Y*
- 12.21%
FFFGX
- 1D
- -0.28%
- 1M
- 2.94%
- YTD
- 14.17%
- 6M
- 13.69%
- 1Y
- 30.61%
- 3Y*
- 20.62%
- 5Y*
- 10.50%
- 10Y*
- 12.90%
FFOLX vs. FFFGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 11.53% | 21.44% | 14.19% | 19.95% | -18.18% | 15.98% | 16.51% | 26.01% | -7.20% | 20.57% |
FFFGX Fidelity Freedom 2045 Fund | 14.17% | 23.77% | 13.95% | 20.56% | -18.29% | 16.55% | 18.22% | 25.41% | -8.89% | 22.22% |
Correlation
The correlation between FFOLX and FFFGX 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 FFOLX and FFFGX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FFOLX vs. FFFGX — Risk / Return Rank
FFOLX
FFFGX
FFOLX vs. FFFGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Freedom 2045 Fund (FFFGX). 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.
| FFOLX | FFFGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.31 | -0.21 |
| Martin ratioReturn relative to average drawdown | 13.34 | 14.40 | -1.06 |
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Drawdowns
FFOLX vs. FFFGX - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -30.72%, smaller than the maximum FFFGX drawdown of -54.61%. Use the drawdown chart below to compare losses from any high point for FFOLX and FFFGX.
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Drawdown Indicators
| FFOLX | FFFGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -54.61% | +23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -9.57% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -15.42% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -27.33% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -30.95% | +0.23% |
Current DrawdownCurrent decline from peak | -0.64% | -0.28% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -8.34% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.20% | -0.14% |
Volatility
FFOLX vs. FFFGX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) is 4.90%, while Fidelity Freedom 2045 Fund (FFFGX) has a volatility of 5.49%. This indicates that FFOLX experiences smaller price fluctuations and is considered to be less risky than FFFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFOLX | FFFGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 5.49% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 11.33% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 13.43% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 15.13% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 15.42% | -0.21% |
FFOLX vs. FFFGX - Expense Ratio Comparison
FFOLX has a 0.08% expense ratio, which is lower than FFFGX's 0.75% expense ratio.
Dividends
FFOLX vs. FFFGX - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 1.94%, less than FFFGX's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFGX Fidelity Freedom 2045 Fund | 5.76% | 4.40% | 1.97% | 1.84% | 12.04% | 12.00% | 4.99% | 6.51% | 7.82% | 4.01% | 4.15% | 4.07% |
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 1.94% | 2.06% | 2.04% | 1.98% | 2.08% | 2.03% | 1.97% | 14.93% | 2.30% | 1.94% | 2.05% | 2.02% |
Frequently Asked Questions
With a correlation of 0.99, FFOLX and FFFGX 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.
FFFGX has higher volatility (5.49%) compared to FFOLX (4.90%). In terms of maximum drawdown, FFOLX dropped -30.72% vs FFFGX's -54.61%.
FFFGX currently has the higher Sharpe Ratio (2.36 vs 2.26), 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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