FHPEX vs. LPVIX

Last updated Jun 4, 2026

FHPEX (Fidelity Advisor Freedom Blend 2055 Fund Class Z) and LPVIX (BlackRock LifePath Dynamic 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, FHPEX returned 10.78%/yr vs 9.27%/yr for LPVIX. Their correlation of 0.94 suggests significant overlap in exposure. FHPEX charges 0.39%/yr vs 0.50%/yr for LPVIX.

Performance

FHPEX vs. LPVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2055 Fund Class Z (FHPEX) and BlackRock LifePath Dynamic 2055 Fund (LPVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FHPEX having a 13.93% return and LPVIX slightly lower at 13.87%.

FHPEX

• 1D: 0.71%
• 1M: 5.43%
• YTD: 13.93%
• 6M: 15.41%
• 1Y: 31.09%
• 3Y*: 21.34%
• 5Y*: 10.78%
• 10Y*: —

LPVIX

• 1D: 0.40%
• 1M: 5.67%
• YTD: 13.87%
• 6M: 14.86%
• 1Y: 29.85%
• 3Y*: 18.28%
• 5Y*: 9.27%
• 10Y*: 11.45%

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

FHPEX vs. LPVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHPEX Fidelity Advisor Freedom Blend 2055 Fund Class Z	13.93%	22.72%	16.58%	20.71%	-19.05%	16.38%	17.96%	26.57%	-13.37%
LPVIX BlackRock LifePath Dynamic 2055 Fund	13.87%	20.90%	8.18%	22.40%	-18.77%	17.88%	14.44%	26.49%	-12.19%

Correlation

The correlation between FHPEX and LPVIX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.94

The correlation between FHPEX and LPVIX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

FHPEX vs. LPVIX — Risk / Return Rank

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

FHPEX

FHPEX Risk / Return Rank: 71
FHPEX Sharpe Ratio Rank: 73
FHPEX Sortino Ratio Rank: 67
FHPEX Omega Ratio Rank: 68
FHPEX Calmar Ratio Rank: 70
FHPEX Martin Ratio Rank: 77

LPVIX

LPVIX Risk / Return Rank: 56
LPVIX Sharpe Ratio Rank: 52
LPVIX Sortino Ratio Rank: 48
LPVIX Omega Ratio Rank: 47
LPVIX Calmar Ratio Rank: 62
LPVIX Martin Ratio Rank: 69

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.

FHPEX vs. LPVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2055 Fund Class Z (FHPEX) and BlackRock LifePath Dynamic 2055 Fund (LPVIX). 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.

	FHPEX	LPVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.13	+0.36
Sortino ratio: Return per unit of downside risk	3.43	2.95	+0.48
Omega ratio: Gain probability vs. loss probability	1.46	1.38	+0.08
Calmar ratio: Return relative to maximum drawdown	3.26	3.04	+0.22
Martin ratio: Return relative to average drawdown	14.47	13.28	+1.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHPEX vs. LPVIX - Sharpe Ratio Comparison

The current FHPEX Sharpe Ratio is 2.49, which is comparable to the LPVIX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FHPEX and LPVIX, 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

	FHPEX	LPVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.13	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.55	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.69	+0.03

Drawdowns

FHPEX vs. LPVIX - Drawdown Comparison

The maximum FHPEX drawdown since its inception was -31.34%, smaller than the maximum LPVIX drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for FHPEX and LPVIX.

Drawdown Indicators

	FHPEX	LPVIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-34.31%	+2.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-9.91%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.53%	-22.45%	+6.92%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-27.01%	-0.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.31%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.95%	-4.72%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.26%	-0.08%

Volatility

FHPEX vs. LPVIX - Volatility Comparison

Fidelity Advisor Freedom Blend 2055 Fund Class Z (FHPEX) and BlackRock LifePath Dynamic 2055 Fund (LPVIX) have volatilities of 4.23% and 4.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHPEX	LPVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.16%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	11.29%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	14.15%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	17.08%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	16.54%	+0.37%

FHPEX vs. LPVIX - Expense Ratio Comparison

FHPEX has a 0.39% expense ratio, which is lower than LPVIX's 0.50% expense ratio.

Dividends

FHPEX vs. LPVIX - Dividend Comparison

FHPEX's dividend yield for the trailing twelve months is around 3.25%, less than LPVIX's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHPEX Fidelity Advisor Freedom Blend 2055 Fund Class Z	3.25%	2.42%	5.06%	1.96%	6.16%	8.40%	4.52%	2.96%	1.93%	0.00%	0.00%	0.00%
LPVIX BlackRock LifePath Dynamic 2055 Fund	4.73%	5.39%	0.72%	2.99%	2.53%	11.79%	1.19%	4.83%	10.40%	9.61%	1.93%	3.84%

Frequently Asked Questions

Can I hold both FHPEX and LPVIX in my portfolio?

With a correlation of 0.98, FHPEX and LPVIX 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.

Which is riskier, FHPEX or LPVIX?

FHPEX has higher volatility (4.23%) compared to LPVIX (4.16%). In terms of maximum drawdown, FHPEX dropped -31.34% vs LPVIX's -34.31%.

Which has better risk-adjusted returns?

FHPEX currently has the higher Sharpe Ratio (2.49 vs 2.13), 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.