FFOPX vs. FNILX
FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FFOPX is a Target Retirement Date fund managed by Fidelity, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FFOPX returned 9.27%/yr vs 12.36%/yr for FNILX. Their 0.96 correlation means they have historically moved very closely together. FFOPX charges 0.08%/yr vs 0.00%/yr for FNILX.
Performance
FFOPX vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, FFOPX achieves a 10.27% return, which is significantly higher than FNILX's 9.06% 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%
FNILX
- 1D
- 1.68%
- 1M
- -0.67%
- 6M
- 7.78%
- YTD
- 9.06%
- 1Y
- 20.09%
- 3Y*
- 19.19%
- 5Y*
- 12.36%
- 10Y*
- —
- ALL TIME*
- 14.53%
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. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -12.05% |
FNILX Fidelity ZERO Large Cap Index Fund | 9.06% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Correlation
The correlation between FFOPX and FNILX is 0.96 - 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. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.96 |
The correlation between FFOPX and FNILX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FFOPX vs. FNILX — Risk / Return Rank
FFOPX
FNILX
FFOPX vs. FNILX - 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 Fidelity ZERO Large Cap Index Fund (FNILX). 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 | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.98 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.32 | 8.30 | +1.02 |
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Drawdowns
FFOPX vs. FNILX - Drawdown Comparison
The maximum FFOPX drawdown since its inception was -30.71%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FFOPX and FNILX.
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Drawdown Indicators
| FFOPX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -33.76% | +3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.97% | -9.01% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -19.08% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -25.40% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -2.24% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -5.30% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.14% | +0.02% |
Volatility
FFOPX vs. FNILX - Volatility Comparison
Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a higher volatility of 3.76% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.46%. This indicates that FFOPX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFOPX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 3.46% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 10.17% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 12.97% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 17.37% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 19.95% | -4.79% |
FFOPX vs. FNILX - Expense Ratio Comparison
FFOPX has a 0.08% expense ratio, which is higher than FNILX's 0.00% expense ratio. However, 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. FNILX - Dividend Comparison
FFOPX's dividend yield for the trailing twelve months is around 1.81%, more than FNILX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.93% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, FFOPX and FNILX 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 FNILX (3.46%). In terms of maximum drawdown, FFOPX dropped -30.71% vs FNILX's -33.76%.
FFOPX currently has the higher Sharpe Ratio (1.58 vs 1.37), 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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