FFOPX vs. DRIJX
FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) and DRIJX (Dimensional 2050 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, FFOPX returned 11.40%/yr vs 12.13%/yr for DRIJX. Their 0.98 correlation means they have historically moved very closely together. FFOPX charges 0.08%/yr vs 0.22%/yr for DRIJX.
Performance
FFOPX vs. DRIJX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FFOPX having a 10.27% return and DRIJX slightly lower at 10.23%. Over the past 10 years, FFOPX has underperformed DRIJX with an annualized return of 11.40%, while DRIJX has yielded a comparatively higher 12.13% annualized return.
FFOPX
- 1D
- 1.95%
- 1M
- -0.50%
- 6M
- 7.18%
- YTD
- 10.27%
- 1Y
- 21.84%
- 3Y*
- 16.47%
- 5Y*
- 9.27%
- 10Y*
- 11.40%
- ALL TIME*
- 10.48%
DRIJX
- 1D
- 1.59%
- 1M
- -0.12%
- 6M
- 7.23%
- YTD
- 10.23%
- 1Y
- 21.33%
- 3Y*
- 17.05%
- 5Y*
- 11.00%
- 10Y*
- 12.13%
- ALL TIME*
- 12.25%
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 |
FFOPX vs. DRIJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 10.27% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 20.61% |
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 10.23% | 19.64% | 17.05% | 21.37% | -15.25% | 21.63% | 14.09% | 25.59% | -9.14% | 21.76% |
Correlation
The correlation between FFOPX and DRIJX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.98 |
The correlation between FFOPX and DRIJX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FFOPX vs. DRIJX — Risk / Return Rank
FFOPX
DRIJX
FFOPX vs. DRIJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Dimensional 2050 Target Date Retirement Income Fund (DRIJX). 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.
| FFOPX | DRIJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.42 | -0.17 |
| Martin ratioReturn relative to average drawdown | 9.32 | 10.40 | -1.08 |
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Drawdowns
FFOPX vs. DRIJX - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -30.71%, smaller than the maximum DRIJX drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for FFOPX and DRIJX.
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Drawdown Indicators
| FFOPX | DRIJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -33.55% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.97% | -8.12% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -15.25% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -23.49% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | -33.55% | +2.84% |
Current DrawdownCurrent decline from peak | -1.96% | -1.31% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -4.15% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.89% | +0.27% |
Volatility
FFOPX vs. DRIJX - Volatility Comparison
Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a higher volatility of 3.76% compared to Dimensional 2050 Target Date Retirement Income Fund (DRIJX) at 3.16%. This indicates that FFOPX's price experiences larger fluctuations and is considered to be riskier than DRIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFOPX | DRIJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 3.16% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 9.32% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 11.22% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 14.65% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 15.56% | -0.40% |
FFOPX vs. DRIJX - Expense Ratio Comparison
FFOPX has a 0.08% expense ratio, which is lower than DRIJX's 0.22% 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
FFOPX vs. DRIJX - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 1.81%, less than DRIJX's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 2.36% | 2.49% | 2.53% | 3.40% | 3.98% | 2.87% | 4.15% | 2.18% | 2.29% | 1.25% | 1.40% | 0.00% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.81% | 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 0.97, FFOPX and DRIJX 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 (3.76%) compared to DRIJX (3.16%). In terms of maximum drawdown, FFOPX dropped -30.71% vs DRIJX's -33.55%.
DRIJX currently has the higher Sharpe Ratio (1.75 vs 1.58), 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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