FFOPX vs. FIPFX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX).
FFOPX is managed by Fidelity. It was launched on Oct 2, 2009. FIPFX 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 FIPFX.
Correlation
The correlation between FFOPX and FIPFX 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. FIPFX - Performance Comparison
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Key characteristics
FFOPX:
0.72
FIPFX:
0.73
FFOPX:
1.12
FIPFX:
1.11
FFOPX:
1.16
FIPFX:
1.16
FFOPX:
0.78
FIPFX:
0.77
FFOPX:
3.45
FIPFX:
3.39
FFOPX:
3.33%
FIPFX:
3.33%
FFOPX:
15.71%
FIPFX:
15.75%
FFOPX:
-37.18%
FIPFX:
-37.17%
FFOPX:
-0.11%
FIPFX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with FFOPX having a 5.73% return and FIPFX slightly higher at 5.84%.
FFOPX
5.73%
10.14%
4.61%
11.26%
12.37%
12.02%
N/A
FIPFX
5.84%
10.25%
4.68%
11.34%
12.36%
11.85%
7.16%
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FFOPX vs. FIPFX - Expense Ratio Comparison
FFOPX has a 0.08% expense ratio, which is lower than FIPFX's 0.12% 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%.
Risk-Adjusted Performance
FFOPX vs. FIPFX — Risk-Adjusted Performance Rank
FFOPX
FIPFX
FFOPX vs. FIPFX - 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 2050 Fund Investor Class (FIPFX). 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.
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Dividends
FFOPX vs. FIPFX - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 1.93%, more than FIPFX's 1.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.93% | 2.02% | 1.98% | 2.01% | 1.62% | 1.41% | 1.81% | 2.24% | 1.76% | 2.09% | 2.01% | 0.00% |
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.89% | 1.98% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.00% | 3.26% |
Drawdowns
FFOPX vs. FIPFX - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -37.18%, roughly equal to the maximum FIPFX drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for FFOPX and FIPFX. For additional features, visit the drawdowns tool.
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Volatility
FFOPX vs. FIPFX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) is 3.23%, while Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) has a volatility of 3.73%. This indicates that FFOPX experiences smaller price fluctuations and is considered to be less risky than FIPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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