FFVFX vs. VWENX

Last updated Aug 2, 2026

FFVFX (Fidelity Freedom 2015 Fund) and VWENX (Vanguard Wellington Fund Admiral Shares) are both mutual funds - FFVFX is a Target Retirement Date fund managed by Fidelity, while VWENX is a Diversified Portfolio fund actively managed by Vanguard. Over the past 10 years, FFVFX returned 6.27%/yr vs 9.78%/yr for VWENX. Their correlation of 0.89 means they have usually moved in the same direction. FFVFX charges 0.54%/yr vs 0.16%/yr for VWENX.

Performance

FFVFX vs. VWENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2015 Fund (FFVFX) and Vanguard Wellington Fund Admiral Shares (VWENX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with FFVFX at 4.93% and VWENX at 4.93%. Over the past 10 years, FFVFX has underperformed VWENX with an annualized return of 6.27%, while VWENX has yielded a comparatively higher 9.78% annualized return.

FFVFX

• 1D: 0.89%
• 1M: -0.80%
• 6M: 3.14%
• YTD: 4.93%
• 1Y: 10.61%
• 3Y*: 9.18%
• 5Y*: 3.93%
• 10Y*: 6.27%
• ALL TIME*: 5.38%

VWENX

• 1D: 1.46%
• 1M: -1.14%
• 6M: 4.11%
• YTD: 4.93%
• 1Y: 13.75%
• 3Y*: 13.55%
• 5Y*: 7.79%
• 10Y*: 9.78%
• ALL TIME*: 8.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFVFX Fidelity Freedom 2015 Fund	$0.00	$0.00	$0.00
VWENX Vanguard Wellington Fund Admiral Shares	$0.00	$0.00	$0.00

FFVFX vs. VWENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFVFX Fidelity Freedom 2015 Fund	4.93%	13.19%	6.20%	11.38%	-14.63%	7.31%	12.46%	16.28%	-4.56%	12.99%
VWENX Vanguard Wellington Fund Admiral Shares	4.93%	16.63%	14.82%	14.40%	-14.31%	19.09%	10.66%	22.61%	-3.35%	14.05%

Correlation

The correlation between FFVFX and VWENX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 8, 2003	0.89

The correlation between FFVFX and VWENX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

FFVFX vs. VWENX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFVFX

FFVFX Risk / Return Rank: 69
FFVFX Sharpe Ratio Rank: 67
FFVFX Sortino Ratio Rank: 66
FFVFX Omega Ratio Rank: 71
FFVFX Calmar Ratio Rank: 68
FFVFX Martin Ratio Rank: 75

VWENX

VWENX Risk / Return Rank: 58
VWENX Sharpe Ratio Rank: 56
VWENX Sortino Ratio Rank: 56
VWENX Omega Ratio Rank: 55
VWENX Calmar Ratio Rank: 56
VWENX Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFVFX vs. VWENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2015 Fund (FFVFX) and Vanguard Wellington Fund Admiral Shares (VWENX). 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.

	FFVFX	VWENX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.38	+0.20
Sortino ratio: Return per unit of downside risk	2.25	1.96	+0.29
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	2.23	1.90	+0.33
Martin ratio: Return relative to average drawdown	9.10	8.02	+1.07

FFVFX vs. VWENX - Sharpe Ratio Comparison

The current FFVFX Sharpe Ratio is 1.57, which is comparable to the VWENX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FFVFX and VWENX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFVFX vs. VWENX - Drawdown Comparison

The maximum FFVFX drawdown since its inception was -39.04%, which is greater than VWENX's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for FFVFX and VWENX.

Drawdown Indicators

	FFVFX	VWENX	Difference
Max Drawdown Largest peak-to-trough decline	-39.04%	-36.02%	-3.02%
Max Drawdown (1Y) Largest decline over 1 year	-4.69%	-6.77%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-5.69%	-11.98%	+6.29%
Max Drawdown (5Y) Largest decline over 5 years	-20.44%	-20.84%	+0.40%
Max Drawdown (10Y) Largest decline over 10 years	-20.44%	-25.33%	+4.89%
Current Drawdown Current decline from peak	-1.42%	-2.08%	+0.66%
Average Drawdown Average peak-to-trough decline	-4.29%	-4.34%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	1.60%	-0.45%

Volatility

FFVFX vs. VWENX - Volatility Comparison

The current volatility for Fidelity Freedom 2015 Fund (FFVFX) is 2.06%, while Vanguard Wellington Fund Admiral Shares (VWENX) has a volatility of 2.84%. This indicates that FFVFX experiences smaller price fluctuations and is considered to be less risky than VWENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFVFX	VWENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	2.84%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	5.82%	7.61%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	6.67%	9.33%	-2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.69%	11.26%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.62%	11.55%	-3.93%

FFVFX vs. VWENX - Expense Ratio Comparison

FFVFX has a 0.54% expense ratio, which is higher than VWENX's 0.16% expense ratio.

Dividends

FFVFX vs. VWENX - Dividend Comparison

FFVFX's dividend yield for the trailing twelve months is around 6.50%, less than VWENX's 11.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFVFX Fidelity Freedom 2015 Fund	6.50%	6.48%	3.94%	2.61%	8.38%	10.74%	6.83%	6.70%	7.96%	3.71%	3.72%	5.55%
VWENX Vanguard Wellington Fund Admiral Shares	11.11%	11.55%	10.85%	6.08%	8.28%	8.72%	7.85%	4.74%	9.58%	5.88%	4.53%	6.58%

Frequently Asked Questions

Can I hold both FFVFX and VWENX in my portfolio?

FFVFX and VWENX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFVFX or VWENX?

VWENX has higher volatility (2.84%) compared to FFVFX (2.06%). In terms of maximum drawdown, FFVFX dropped -39.04% vs VWENX's -36.02%.

Which has better risk-adjusted returns?

FFVFX currently has the higher Sharpe Ratio (1.57 vs 1.38), 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.