FFOPX vs. FFOLX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX).
FFOPX is managed by Fidelity. It was launched on Oct 2, 2009. FFOLX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFOPX or FFOLX.
Correlation
The correlation between FFOPX and FFOLX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FFOPX vs. FFOLX - Performance Comparison
Key characteristics
FFOPX:
0.72
FFOLX:
0.72
FFOPX:
1.09
FFOLX:
1.10
FFOPX:
1.16
FFOLX:
1.16
FFOPX:
0.76
FFOLX:
0.76
FFOPX:
3.43
FFOLX:
3.44
FFOPX:
3.27%
FFOLX:
3.27%
FFOPX:
15.69%
FFOLX:
15.67%
FFOPX:
-37.18%
FFOLX:
-37.04%
FFOPX:
-4.68%
FFOLX:
-4.69%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FFOPX at 0.46% and FFOLX at 0.46%.
FFOPX
0.46%
0.62%
-0.68%
9.83%
11.13%
N/A
FFOLX
0.46%
0.62%
-0.71%
9.80%
11.13%
N/A
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FFOPX vs. FFOLX - Expense Ratio Comparison
Both FFOPX and FFOLX 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%.
Risk-Adjusted Performance
FFOPX vs. FFOLX — Risk-Adjusted Performance Rank
FFOPX
FFOLX
FFOPX vs. FFOLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX). 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.
Dividends
FFOPX vs. FFOLX - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 2.03%, which matches FFOLX's 2.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 2.03% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.38% | 2.09% | 2.14% | 4.02% |
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 2.01% | 2.02% | 1.98% | 2.02% | 1.62% | 1.41% | 1.80% | 2.24% | 1.78% | 2.00% | 2.02% |
Drawdowns
FFOPX vs. FFOLX - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -37.18%, roughly equal to the maximum FFOLX drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for FFOPX and FFOLX. For additional features, visit the drawdowns tool.
Volatility
FFOPX vs. FFOLX - Volatility Comparison
Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) have volatilities of 11.13% and 11.09%, 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.