FFOLX vs. SSBRX
FFOLX (Fidelity Freedom Index 2045 Fund Institutional Premium Class) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, FFOLX returned 11.48%/yr vs 7.63%/yr for SSBRX. Their 0.96 correlation means they have historically moved very closely together. FFOLX charges 0.08%/yr vs 0.13%/yr for SSBRX.
Performance
FFOLX vs. SSBRX - Performance Comparison
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Returns By Period
In the year-to-date period, FFOLX achieves a 10.40% return, which is significantly higher than SSBRX's 6.18% return. Over the past 10 years, FFOLX has outperformed SSBRX with an annualized return of 11.48%, while SSBRX has yielded a comparatively lower 7.63% annualized return.
FFOLX
- 1D
- 0.27%
- 1M
- -0.23%
- 6M
- 6.90%
- YTD
- 10.40%
- 1Y
- 21.99%
- 3Y*
- 16.74%
- 5Y*
- 9.30%
- 10Y*
- 11.48%
- ALL TIME*
- 10.48%
SSBRX
- 1D
- 0.15%
- 1M
- 0.07%
- 6M
- 4.36%
- YTD
- 6.18%
- 1Y
- 12.50%
- 3Y*
- 10.65%
- 5Y*
- 4.95%
- 10Y*
- 7.63%
- ALL TIME*
- 7.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FFOLX vs. SSBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 10.40% | 21.44% | 14.19% | 19.95% | -18.18% | 15.98% | 16.51% | 26.01% | -7.20% | 20.57% |
SSBRX State Street Target Retirement 2025 Fund | 6.18% | 12.93% | 8.73% | 13.61% | -15.51% | 10.03% | 14.68% | 20.73% | -5.47% | 14.32% |
Correlation
The correlation between FFOLX and SSBRX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.96 |
The correlation between FFOLX and SSBRX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
FFOLX vs. SSBRX — Risk / Return Rank
FFOLX
SSBRX
FFOLX vs. SSBRX - 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 State Street Target Retirement 2025 Fund (SSBRX). 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 | SSBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.77 | -0.40 |
| Martin ratioReturn relative to average drawdown | 9.77 | 12.00 | -2.23 |
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Drawdowns
FFOLX vs. SSBRX - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -30.72%, which is greater than SSBRX's maximum drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for FFOLX and SSBRX.
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Drawdown Indicators
| FFOLX | SSBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -21.96% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -4.44% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -7.36% | -7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -21.13% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -21.96% | -8.76% |
Current DrawdownCurrent decline from peak | -1.65% | -0.52% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -3.68% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.02% | +1.12% |
Volatility
FFOLX vs. SSBRX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) has a higher volatility of 3.66% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.47%. This indicates that FFOLX's price experiences larger fluctuations and is considered to be riskier than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFOLX | SSBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 1.47% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 4.89% | +5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 5.93% | +6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 8.86% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 9.75% | +5.40% |
FFOLX vs. SSBRX - Expense Ratio Comparison
FFOLX has a 0.08% expense ratio, which is lower than SSBRX's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FFOLX vs. SSBRX - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 1.96%, less than SSBRX's 5.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 1.96% | 2.06% | 2.04% | 1.98% | 2.08% | 2.03% | 1.97% | 14.93% | 2.30% | 1.94% | 2.05% | 2.02% |
SSBRX State Street Target Retirement 2025 Fund | 5.71% | 6.07% | 6.67% | 4.60% | 6.60% | 6.44% | 4.74% | 6.58% | 5.35% | 0.60% | 1.84% | 2.38% |
Frequently Asked Questions
With a correlation of 0.93, FFOLX and SSBRX 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.
FFOLX has higher volatility (3.66%) compared to SSBRX (1.47%). In terms of maximum drawdown, FFOLX dropped -30.72% vs SSBRX's -21.96%.
SSBRX currently has the higher Sharpe Ratio (2.08 vs 1.66), 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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