FFTWX vs. FYEE

Last updated Jun 4, 2026

FFTWX (Fidelity Freedom 2025 Fund) and FYEE (Fidelity Yield Enhanced Equity ETF) are both funds - FFTWX is a Target Retirement Date fund managed by Fidelity, while FYEE is a Derivative Income fund actively managed by Fidelity. Over the past year, FFTWX returned 19.54% vs 24.64% for FYEE. A 0.80 correlation means they provide meaningful diversification when combined. FFTWX charges 0.62%/yr vs 0.28%/yr for FYEE.

Performance

FFTWX vs. FYEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2025 Fund (FFTWX) and Fidelity Yield Enhanced Equity ETF (FYEE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFTWX achieves a 8.11% return, which is significantly higher than FYEE's 7.03% return.

FFTWX

• 1D: 0.38%
• 1M: 3.06%
• YTD: 8.11%
• 6M: 8.93%
• 1Y: 19.54%
• 3Y*: 13.29%
• 5Y*: 5.88%
• 10Y*: 8.29%

FYEE

• 1D: -0.30%
• 1M: 3.22%
• YTD: 7.03%
• 6M: 8.52%
• 1Y: 24.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFTWX vs. FYEE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFTWX Fidelity Freedom 2025 Fund	8.11%	16.46%	5.22%
FYEE Fidelity Yield Enhanced Equity ETF	7.03%	15.76%	13.20%

Correlation

The correlation between FFTWX and FYEE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024	0.80

The correlation between FFTWX and FYEE has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.

Return for Risk

FFTWX vs. FYEE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFTWX

FFTWX Risk / Return Rank: 70
FFTWX Sharpe Ratio Rank: 72
FFTWX Sortino Ratio Rank: 70
FFTWX Omega Ratio Rank: 73
FFTWX Calmar Ratio Rank: 64
FFTWX Martin Ratio Rank: 70

FYEE

FYEE Risk / Return Rank: 77
FYEE Sharpe Ratio Rank: 78
FYEE Sortino Ratio Rank: 76
FYEE Omega Ratio Rank: 84
FYEE Calmar Ratio Rank: 66
FYEE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFTWX vs. FYEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2025 Fund (FFTWX) and Fidelity Yield Enhanced Equity ETF (FYEE). 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.

	FFTWX	FYEE	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.57	-0.11
Sortino ratio: Return per unit of downside risk	3.49	3.47	+0.02
Omega ratio: Gain probability vs. loss probability	1.48	1.52	-0.04
Calmar ratio: Return relative to maximum drawdown	3.08	3.35	-0.27
Martin ratio: Return relative to average drawdown	13.46	17.14	-3.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFTWX vs. FYEE - Sharpe Ratio Comparison

The current FFTWX Sharpe Ratio is 2.46, which is comparable to the FYEE Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of FFTWX and FYEE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFTWX	FYEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.57	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.24	-0.72

Drawdowns

FFTWX vs. FYEE - Drawdown Comparison

The maximum FFTWX drawdown since its inception was -47.51%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for FFTWX and FYEE.

Drawdown Indicators

	FFTWX	FYEE	Difference
Max Drawdown Largest peak-to-trough decline	-47.51%	-18.79%	-28.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	-7.39%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-8.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.66%	—	—
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	-5.57%	-2.25%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.44%	+0.02%

Volatility

FFTWX vs. FYEE - Volatility Comparison

Fidelity Freedom 2025 Fund (FFTWX) has a higher volatility of 2.96% compared to Fidelity Yield Enhanced Equity ETF (FYEE) at 1.43%. This indicates that FFTWX's price experiences larger fluctuations and is considered to be riskier than FYEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFTWX	FYEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	1.43%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	7.26%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	9.64%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.94%	13.84%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.09%	13.84%	-3.75%

FFTWX vs. FYEE - Expense Ratio Comparison

FFTWX has a 0.62% expense ratio, which is higher than FYEE's 0.28% expense ratio.

Dividends

FFTWX vs. FYEE - Dividend Comparison

FFTWX's dividend yield for the trailing twelve months is around 6.77%, less than FYEE's 7.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFTWX Fidelity Freedom 2025 Fund	6.77%	6.44%	3.74%	2.08%	9.66%	10.38%	5.75%	6.09%	6.39%	3.04%	3.91%	5.60%
FYEE Fidelity Yield Enhanced Equity ETF	7.57%	7.08%	5.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFTWX and FYEE in my portfolio?

FFTWX and FYEE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFTWX or FYEE?

FFTWX has higher volatility (2.96%) compared to FYEE (1.43%). In terms of maximum drawdown, FFTWX dropped -47.51% vs FYEE's -18.79%.

Which has better risk-adjusted returns?

FYEE currently has the higher Sharpe Ratio (2.57 vs 2.46), 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.