FFOLX vs. FFOPX
FFOLX (Fidelity Freedom Index 2045 Fund Institutional Premium Class) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFOLX returned 11.94%/yr vs 11.96%/yr for FFOPX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.08% expense ratio.
Performance
FFOLX vs. FFOPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FFOLX having a 11.73% return and FFOPX slightly higher at 11.92%. Both investments have delivered pretty close results over the past 10 years, with FFOLX having a 11.94% annualized return and FFOPX not far ahead at 11.96%.
FFOLX
- 1D
- 1.21%
- 1M
- 1.93%
- YTD
- 11.73%
- 6M
- 11.62%
- 1Y
- 27.64%
- 3Y*
- 18.13%
- 5Y*
- 10.12%
- 10Y*
- 11.94%
FFOPX
- 1D
- 1.20%
- 1M
- 1.92%
- YTD
- 11.92%
- 6M
- 11.78%
- 1Y
- 27.83%
- 3Y*
- 18.21%
- 5Y*
- 10.16%
- 10Y*
- 11.96%
FFOLX vs. FFOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 11.73% | 21.44% | 14.19% | 19.95% | -18.18% | 15.98% | 16.51% | 26.01% | -7.20% | 20.57% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 11.92% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 20.61% |
Correlation
The correlation between FFOLX and FFOPX 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 | 1.00 |
The correlation between FFOLX and FFOPX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FFOLX vs. FFOPX — Risk / Return Rank
FFOLX
FFOPX
FFOLX vs. FFOPX - 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 Index 2050 Fund Institutional Premium Class (FFOPX). 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 | FFOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.07 | +0.01 |
| Martin ratioReturn relative to average drawdown | 13.22 | 13.20 | +0.02 |
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Drawdowns
FFOLX vs. FFOPX - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -30.72%, roughly equal to the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FFOLX and FFOPX.
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Drawdown Indicators
| FFOLX | FFOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -30.71% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -8.97% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -14.72% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -26.18% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -30.71% | -0.01% |
Current DrawdownCurrent decline from peak | -0.46% | -0.49% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.66% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.08% | -0.02% |
Volatility
FFOLX vs. FFOPX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) have volatilities of 5.02% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFOLX | FFOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 5.08% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 10.31% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 12.32% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 14.51% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 15.21% | 0.00% |
FFOLX vs. FFOPX - Expense Ratio Comparison
Both FFOLX and FFOPX 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
FFOLX vs. FFOPX - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 1.94%, more than FFOPX's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.79% | 2.01% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.32% | 2.09% | 2.14% | 2.01% |
Frequently Asked Questions
With a correlation of 1.00, FFOLX and FFOPX 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.
FFOPX has higher volatility (5.08%) compared to FFOLX (5.02%). In terms of maximum drawdown, FFOLX dropped -30.72% vs FFOPX's -30.71%.
FFOLX currently has the higher Sharpe Ratio (2.24 vs 2.23), 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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