FFVIX vs. FNILX

Last updated Jun 23, 2026

FFVIX (Fidelity Advisor Freedom 2015 Fund Class I) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - FFVIX 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, FFVIX returned 4.30%/yr vs 13.82%/yr for FNILX. Their correlation of 0.84 suggests significant overlap in exposure. FFVIX charges 0.54%/yr vs 0.00%/yr for FNILX.

Performance

FFVIX vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2015 Fund Class I (FFVIX) and Fidelity ZERO Large Cap Index Fund (FNILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFVIX achieves a 6.00% return, which is significantly lower than FNILX's 10.04% return.

FFVIX

• 1D: 0.70%
• 1M: 1.58%
• YTD: 6.00%
• 6M: 6.08%
• 1Y: 13.68%
• 3Y*: 9.86%
• 5Y*: 4.30%
• 10Y*: 6.57%

FNILX

• 1D: 1.13%
• 1M: 0.71%
• YTD: 10.04%
• 6M: 9.55%
• 1Y: 26.85%
• 3Y*: 21.23%
• 5Y*: 13.82%
• 10Y*: —

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

FFVIX vs. FNILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FFVIX Fidelity Advisor Freedom 2015 Fund Class I	6.00%	12.92%	6.10%	10.92%	-14.57%	7.08%	12.19%	16.84%	-5.98%
FNILX Fidelity ZERO Large Cap Index Fund	10.04%	17.81%	25.47%	27.45%	-19.37%	26.67%	21.13%	31.79%	-13.60%

Correlation

The correlation between FFVIX and FNILX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018	0.84

The correlation between FFVIX and FNILX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

Return for Risk

FFVIX vs. FNILX — Risk / Return Rank

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

FFVIX

FFVIX Risk / Return Rank: 65
FFVIX Sharpe Ratio Rank: 63
FFVIX Sortino Ratio Rank: 64
FFVIX Omega Ratio Rank: 71
FFVIX Calmar Ratio Rank: 59
FFVIX Martin Ratio Rank: 66

FNILX

FNILX Risk / Return Rank: 63
FNILX Sharpe Ratio Rank: 61
FNILX Sortino Ratio Rank: 55
FNILX Omega Ratio Rank: 57
FNILX Calmar Ratio Rank: 65
FNILX Martin Ratio Rank: 74

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.

FFVIX vs. FNILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2015 Fund Class I (FFVIX) 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.

	FFVIX	FNILX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.12	+0.02
Sortino ratio: Return per unit of downside risk	3.06	2.86	+0.20
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.05
Calmar ratio: Return relative to maximum drawdown	2.83	2.96	-0.13
Martin ratio: Return relative to average drawdown	12.02	13.10	-1.08

FFVIX vs. FNILX - Sharpe Ratio Comparison

The current FFVIX Sharpe Ratio is 2.14, which is comparable to the FNILX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FFVIX and FNILX, 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

FFVIX vs. FNILX - Drawdown Comparison

The maximum FFVIX drawdown since its inception was -40.28%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FFVIX and FNILX.

Drawdown Indicators

	FFVIX	FNILX	Difference
Max Drawdown Largest peak-to-trough decline	-40.28%	-33.76%	-6.52%
Max Drawdown (1Y) Largest decline over 1 year	-4.82%	-9.01%	+4.19%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-19.08%	+12.39%
Max Drawdown (5Y) Largest decline over 5 years	-20.49%	-25.40%	+4.91%
Max Drawdown (10Y) Largest decline over 10 years	-20.49%	—	—
Current Drawdown Current decline from peak	0.00%	-1.36%	+1.36%
Average Drawdown Average peak-to-trough decline	-4.33%	-5.35%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	2.03%	-0.90%

Volatility

FFVIX vs. FNILX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2015 Fund Class I (FFVIX) is 2.79%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.91%. This indicates that FFVIX experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFVIX	FNILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	4.91%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	5.48%	9.97%	-4.49%
Volatility (1Y) Calculated over the trailing 1-year period	6.37%	12.58%	-6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.65%	17.35%	-9.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.76%	20.04%	-12.28%

FFVIX vs. FNILX - Expense Ratio Comparison

FFVIX has a 0.54% expense ratio, which is higher than FNILX's 0.00% expense ratio.

Dividends

FFVIX vs. FNILX - Dividend Comparison

FFVIX's dividend yield for the trailing twelve months is around 6.74%, more than FNILX's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFVIX Fidelity Advisor Freedom 2015 Fund Class I	6.74%	6.93%	3.67%	2.48%	8.23%	10.40%	7.14%	7.02%	10.52%	5.74%	4.84%	5.67%
FNILX Fidelity ZERO Large Cap Index Fund	0.92%	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

Can I hold both FFVIX and FNILX in my portfolio?

FFVIX and FNILX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFVIX or FNILX?

FNILX has higher volatility (4.91%) compared to FFVIX (2.79%). In terms of maximum drawdown, FFVIX dropped -40.28% vs FNILX's -33.76%.

Which has better risk-adjusted returns?

FFVIX currently has the higher Sharpe Ratio (2.14 vs 2.12), 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.