FIKFX vs. FFGZX
FIKFX (Fidelity Freedom Index Income Fund Investor Class) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIKFX returned 4.24%/yr vs 4.28%/yr for FFGZX. With a 0.97 correlation, they move nearly in lockstep. FIKFX charges 0.12%/yr vs 0.08%/yr for FFGZX.
Performance
FIKFX vs. FFGZX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FIKFX having a 4.19% return and FFGZX slightly higher at 4.28%. Both investments have delivered pretty close results over the past 10 years, with FIKFX having a 4.24% annualized return and FFGZX not far ahead at 4.28%.
FIKFX
- 1D
- 0.08%
- 1M
- 1.67%
- YTD
- 4.19%
- 6M
- 4.33%
- 1Y
- 10.42%
- 3Y*
- 7.66%
- 5Y*
- 3.25%
- 10Y*
- 4.24%
FFGZX
- 1D
- 0.16%
- 1M
- 1.75%
- YTD
- 4.28%
- 6M
- 4.42%
- 1Y
- 10.55%
- 3Y*
- 7.68%
- 5Y*
- 3.28%
- 10Y*
- 4.28%
FIKFX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 4.19% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 4.28% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between FIKFX and FFGZX 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 (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.97 |
The correlation between FIKFX and FFGZX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
FIKFX vs. FFGZX — Risk / Return Rank
FIKFX
FFGZX
FIKFX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| FIKFX | FFGZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.63 | 2.64 | -0.01 |
Sortino ratioReturn per unit of downside risk | 3.92 | 3.97 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.54 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.18 | -0.03 |
Martin ratioReturn relative to average drawdown | 14.03 | 14.23 | -0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIKFX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.64 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.65 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.97 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.93 | +0.08 |
Drawdowns
FIKFX vs. FFGZX - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.03%, roughly equal to the maximum FFGZX drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FIKFX and FFGZX.
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Drawdown Indicators
| FIKFX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -14.94% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.33% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -4.76% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.03% | -14.94% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -15.03% | -14.94% | -0.09% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.26% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.74% | 0.00% |
Volatility
FIKFX vs. FFGZX - Volatility Comparison
Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) have volatilities of 1.49% and 1.49%, 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.
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Volatility by Period
| FIKFX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.49% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.34% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.01% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 5.08% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 4.43% | +0.01% |
FIKFX vs. FFGZX - Expense Ratio Comparison
FIKFX has a 0.12% expense ratio, which is higher than FFGZX's 0.08% 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. FFGZX - Dividend Comparison
FIKFX's dividend yield for the trailing twelve months is around 3.19%, which matches FFGZX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.21% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.19% | 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
With a correlation of 0.99, FIKFX and FFGZX 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.
FFGZX has higher volatility (1.49%) compared to FIKFX (1.49%). In terms of maximum drawdown, FIKFX dropped -15.03% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.64 vs 2.63), 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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