FIKFX vs. BNDW
FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) and BNDW (Vanguard Total World Bond ETF) are both funds - FIKFX is a Target Retirement Date fund managed by Fidelity, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Over the past 5 years, FIKFX returned 2.72%/yr vs -0.25%/yr for BNDW. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FIKFX charges 0.12%/yr vs 0.05%/yr for BNDW.
Performance
FIKFX vs. BNDW - Performance Comparison
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Returns By Period
In the year-to-date period, FIKFX achieves a 3.28% return, which is significantly higher than BNDW's -0.20% return.
FIKFX
- 1D
- 0.56%
- 1M
- -0.35%
- 6M
- 2.29%
- YTD
- 3.28%
- 1Y
- 7.10%
- 3Y*
- 6.88%
- 5Y*
- 2.72%
- 10Y*
- 4.02%
- ALL TIME*
- 3.91%
BNDW
- 1D
- -0.28%
- 1M
- -1.09%
- 6M
- -0.59%
- YTD
- -0.20%
- 1Y
- 1.26%
- 3Y*
- 3.97%
- 5Y*
- -0.25%
- 10Y*
- —
- ALL TIME*
- 1.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.34M | $6.07M | $7.03M | |
| $0.00 | $0.00 | $0.00 |
FIKFX vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 3.28% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -1.59% |
BNDW Vanguard Total World Bond ETF | -0.20% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.27% |
Correlation
The correlation between FIKFX and BNDW is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.68 |
The correlation between FIKFX and BNDW has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.
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Return for Risk
FIKFX vs. BNDW — Risk / Return Rank
FIKFX
BNDW
FIKFX vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) and Vanguard Total World Bond ETF (BNDW). 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.
| FIKFX | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.69 | +1.51 |
| Martin ratioReturn relative to average drawdown | 9.13 | 1.67 | +7.45 |
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Drawdowns
FIKFX vs. BNDW - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.03%, smaller than the maximum BNDW drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for FIKFX and BNDW.
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Drawdown Indicators
| FIKFX | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -17.22% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -2.70% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -3.57% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.03% | -16.93% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -15.03% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -2.14% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -4.90% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.11% | -0.31% |
Volatility
FIKFX vs. BNDW - Volatility Comparison
Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) has a higher volatility of 1.38% compared to Vanguard Total World Bond ETF (BNDW) at 0.96%. This indicates that FIKFX's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKFX | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.96% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 2.82% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 3.38% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 5.22% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 4.88% | -0.40% |
FIKFX vs. BNDW - Expense Ratio Comparison
FIKFX has a 0.12% expense ratio, which is higher than BNDW's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FIKFX vs. BNDW - Dividend Comparison
FIKFX's dividend yield for the trailing twelve months is around 3.20%, less than BNDW's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 3.99% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 2.88% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
Frequently Asked Questions
FIKFX and BNDW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIKFX has higher volatility (1.38%) compared to BNDW (0.96%). In terms of maximum drawdown, FIKFX dropped -15.03% vs BNDW's -17.22%.
FIKFX currently has the higher Sharpe Ratio (1.65 vs 0.55), 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.
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