FIJRX vs. FFOPX

Last updated Jun 4, 2026

FIJRX (Fidelity Advisor Freedom 2050 Fund Class Z) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FIJRX returned 9.95%/yr vs 10.12%/yr for FFOPX. With a 0.99 correlation, they move nearly in lockstep. FIJRX charges 0.65%/yr vs 0.08%/yr for FFOPX.

Performance

FIJRX vs. FFOPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2050 Fund Class Z (FIJRX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FIJRX having a 12.43% return and FFOPX slightly higher at 12.47%.

FIJRX

• 1D: 0.55%
• 1M: 4.69%
• YTD: 12.43%
• 6M: 14.11%
• 1Y: 28.31%
• 3Y*: 19.92%
• 5Y*: 9.95%
• 10Y*: —

FFOPX

• 1D: 0.43%
• 1M: 5.54%
• YTD: 12.47%
• 6M: 13.34%
• 1Y: 28.51%
• 3Y*: 19.53%
• 5Y*: 10.12%
• 10Y*: 11.95%

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

FIJRX vs. FFOPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIJRX Fidelity Advisor Freedom 2050 Fund Class Z	12.43%	23.10%	13.81%	19.32%	-17.81%	16.07%	17.70%	26.72%	-12.77%
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	12.47%	21.41%	14.20%	19.97%	-18.20%	15.98%	16.55%	26.00%	-8.17%

Correlation

The correlation between FIJRX and FFOPX is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	0.99

The correlation between FIJRX and FFOPX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

FIJRX vs. FFOPX — Risk / Return Rank

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

FIJRX

FIJRX Risk / Return Rank: 59
FIJRX Sharpe Ratio Rank: 59
FIJRX Sortino Ratio Rank: 55
FIJRX Omega Ratio Rank: 58
FIJRX Calmar Ratio Rank: 58
FIJRX Martin Ratio Rank: 66

FFOPX

FFOPX Risk / Return Rank: 71
FFOPX Sharpe Ratio Rank: 75
FFOPX Sortino Ratio Rank: 69
FFOPX Omega Ratio Rank: 68
FFOPX Calmar Ratio Rank: 70
FFOPX Martin Ratio Rank: 75

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.

FIJRX vs. FFOPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2050 Fund Class Z (FIJRX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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.

	FIJRX	FFOPX	Difference
Sharpe ratio Return per unit of total volatility	2.28	2.51	-0.23
Sortino ratio Return per unit of downside risk	3.15	3.46	-0.31
Omega ratio Gain probability vs. loss probability	1.42	1.46	-0.04
Calmar ratio Return relative to maximum drawdown	2.93	3.22	-0.29
Martin ratio Return relative to average drawdown	12.84	14.24	-1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIJRX vs. FFOPX - Sharpe Ratio Comparison

The current FIJRX Sharpe Ratio is 2.28, which is comparable to the FFOPX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FIJRX and FFOPX, 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

	FIJRX	FFOPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.51	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.71	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.72	-0.02

Drawdowns

FIJRX vs. FFOPX - Drawdown Comparison

The maximum FIJRX drawdown since its inception was -31.28%, roughly equal to the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FIJRX and FFOPX.

Drawdown Indicators

	FIJRX	FFOPX	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-30.71%	-0.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-8.97%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-15.10%	-14.72%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-27.22%	-26.18%	-1.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.71%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.81%	-4.67%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.03%	+0.20%

Volatility

FIJRX vs. FFOPX - Volatility Comparison

Fidelity Advisor Freedom 2050 Fund Class Z (FIJRX) has a higher volatility of 4.25% compared to Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) at 3.50%. This indicates that FIJRX's price experiences larger fluctuations and is considered to be riskier than FFOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIJRX	FFOPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	3.50%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	9.31%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	11.55%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	14.38%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	15.16%	+1.79%

FIJRX vs. FFOPX - Expense Ratio Comparison

FIJRX has a 0.65% expense ratio, which is higher than FFOPX's 0.08% expense ratio.

Dividends

FIJRX vs. FFOPX - Dividend Comparison

FIJRX's dividend yield for the trailing twelve months is around 6.77%, more than FFOPX's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	1.78%	2.01%	2.04%	1.98%	2.07%	2.05%	1.97%	15.21%	2.32%	2.09%	2.14%	2.01%
FIJRX Fidelity Advisor Freedom 2050 Fund Class Z	6.77%	6.09%	1.84%	1.68%	11.24%	9.69%	5.48%	7.26%	2.51%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIJRX and FFOPX in my portfolio?

With a correlation of 0.99, FIJRX and FFOPX 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, FIJRX or FFOPX?

FIJRX has higher volatility (4.25%) compared to FFOPX (3.50%). In terms of maximum drawdown, FIJRX dropped -31.28% vs FFOPX's -30.71%.

Which has better risk-adjusted returns?

FFOPX currently has the higher Sharpe Ratio (2.51 vs 2.28), 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.