FIJQX vs. LPVIX

Last updated Jun 5, 2026

FIJQX (Fidelity Advisor Freedom 2045 Fund Class Z) and LPVIX (BlackRock LifePath Dynamic 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, FIJQX returned 9.95%/yr vs 8.87%/yr for LPVIX. Their correlation of 0.94 suggests significant overlap in exposure. FIJQX charges 0.65%/yr vs 0.50%/yr for LPVIX.

Performance

FIJQX vs. LPVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2045 Fund Class Z (FIJQX) and BlackRock LifePath Dynamic 2055 Fund (LPVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIJQX achieves a 11.67% return, which is significantly lower than LPVIX's 12.82% return.

FIJQX

• 1D: -0.55%
• 1M: 3.06%
• YTD: 11.67%
• 6M: 13.02%
• 1Y: 26.87%
• 3Y*: 20.36%
• 5Y*: 9.95%
• 10Y*: —

LPVIX

• 1D: -0.92%
• 1M: 3.47%
• YTD: 12.82%
• 6M: 13.55%
• 1Y: 28.34%
• 3Y*: 17.92%
• 5Y*: 8.87%
• 10Y*: 11.34%

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

FIJQX vs. LPVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIJQX Fidelity Advisor Freedom 2045 Fund Class Z	11.67%	23.07%	15.82%	19.42%	-18.07%	16.20%	17.62%	26.84%	-8.54%
LPVIX BlackRock LifePath Dynamic 2055 Fund	12.82%	20.90%	8.18%	22.40%	-18.77%	17.88%	14.44%	26.49%	-8.35%

Correlation

The correlation between FIJQX 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 Oct 18, 2018	0.94

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

Return for Risk

FIJQX vs. LPVIX — Risk / Return Rank

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

FIJQX

FIJQX Risk / Return Rank: 60
FIJQX Sharpe Ratio Rank: 59
FIJQX Sortino Ratio Rank: 56
FIJQX Omega Ratio Rank: 58
FIJQX Calmar Ratio Rank: 58
FIJQX Martin Ratio Rank: 66

LPVIX

LPVIX Risk / Return Rank: 55
LPVIX Sharpe Ratio Rank: 51
LPVIX Sortino Ratio Rank: 48
LPVIX Omega Ratio Rank: 47
LPVIX Calmar Ratio Rank: 61
LPVIX Martin Ratio Rank: 68

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.

FIJQX vs. LPVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2045 Fund Class Z (FIJQX) 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.

	FIJQX	LPVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.03	+0.18
Sortino ratio: Return per unit of downside risk	3.07	2.83	+0.24
Omega ratio: Gain probability vs. loss probability	1.41	1.36	+0.05
Calmar ratio: Return relative to maximum drawdown	2.84	2.90	-0.06
Martin ratio: Return relative to average drawdown	12.48	12.69	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIJQX vs. LPVIX - Sharpe Ratio Comparison

The current FIJQX Sharpe Ratio is 2.21, which is comparable to the LPVIX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FIJQX 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

	FIJQX	LPVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.03	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.52	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.68	+0.07

Drawdowns

FIJQX vs. LPVIX - Drawdown Comparison

The maximum FIJQX drawdown since its inception was -31.22%, smaller than the maximum LPVIX drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for FIJQX and LPVIX.

Drawdown Indicators

	FIJQX	LPVIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.22%	-34.31%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.70%	-9.91%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-15.05%	-22.45%	+7.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.29%	-27.01%	-0.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.31%	—
Current Drawdown Current decline from peak	-0.55%	-0.92%	+0.37%
Average Drawdown Average peak-to-trough decline	-5.71%	-4.72%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.26%	-0.06%

Volatility

FIJQX vs. LPVIX - Volatility Comparison

Fidelity Advisor Freedom 2045 Fund Class Z (FIJQX) and BlackRock LifePath Dynamic 2055 Fund (LPVIX) have volatilities of 4.18% and 4.22%, 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

	FIJQX	LPVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	4.22%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	11.32%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	14.17%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.92%	17.08%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	16.54%	+0.29%

FIJQX vs. LPVIX - Expense Ratio Comparison

FIJQX has a 0.65% expense ratio, which is higher than LPVIX's 0.50% expense ratio.

Dividends

FIJQX vs. LPVIX - Dividend Comparison

FIJQX's dividend yield for the trailing twelve months is around 7.34%, more than LPVIX's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIJQX Fidelity Advisor Freedom 2045 Fund Class Z	7.34%	6.52%	3.64%	1.77%	11.86%	9.87%	5.51%	7.36%	7.41%	0.00%	0.00%	0.00%
LPVIX BlackRock LifePath Dynamic 2055 Fund	4.78%	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 FIJQX and LPVIX in my portfolio?

With a correlation of 0.98, FIJQX 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, FIJQX or LPVIX?

LPVIX has higher volatility (4.22%) compared to FIJQX (4.18%). In terms of maximum drawdown, FIJQX dropped -31.22% vs LPVIX's -34.31%.

Which has better risk-adjusted returns?

FIJQX currently has the higher Sharpe Ratio (2.21 vs 2.03), 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.