FIKFX vs. IRTR
FIKFX (Fidelity Freedom Index Income Fund Investor Class) and IRTR (iShares LifePath Retirement ETF) are both Target Retirement Date funds. Over the past year, FIKFX returned 8.20% vs 11.93% for IRTR. Their correlation of 0.92 suggests significant overlap in exposure. FIKFX charges 0.12%/yr vs 0.08%/yr for IRTR.
Performance
FIKFX vs. IRTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIKFX achieves a 3.32% return, which is significantly lower than IRTR's 4.77% return.
FIKFX
- 1D
- -0.39%
- 1M
- 0.18%
- YTD
- 3.32%
- 6M
- 3.04%
- 1Y
- 8.20%
- 3Y*
- 7.23%
- 5Y*
- 2.96%
- 10Y*
- 4.22%
IRTR
- 1D
- 0.21%
- 1M
- 0.46%
- YTD
- 4.77%
- 6M
- 4.37%
- 1Y
- 11.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIKFX vs. IRTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.32% | 9.23% | 4.96% | 7.38% |
IRTR iShares LifePath Retirement ETF | 4.77% | 12.70% | 7.59% | 11.03% |
Correlation
The correlation between FIKFX and IRTR is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.92 |
The correlation between FIKFX and IRTR has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIKFX vs. IRTR — Risk / Return Rank
FIKFX
IRTR
FIKFX vs. IRTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and iShares LifePath Retirement ETF (IRTR). 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 | IRTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.49 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.32 | 10.74 | +0.58 |
Loading charts...
Drawdowns
FIKFX vs. IRTR - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.03%, which is greater than IRTR's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for FIKFX and IRTR.
Loading charts...
Drawdown Indicators
| FIKFX | IRTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -6.29% | -8.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -4.82% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.03% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.76% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -0.78% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.11% | -0.34% |
Volatility
FIKFX vs. IRTR - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 1.94%, while iShares LifePath Retirement ETF (IRTR) has a volatility of 2.52%. This indicates that FIKFX experiences smaller price fluctuations and is considered to be less risky than IRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIKFX | IRTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.52% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 5.30% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 6.33% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 7.11% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 7.11% | -2.64% |
FIKFX vs. IRTR - Expense Ratio Comparison
FIKFX has a 0.12% expense ratio, which is higher than IRTR'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. IRTR - Dividend Comparison
FIKFX's dividend yield for the trailing twelve months is around 3.22%, more than IRTR's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.22% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
IRTR iShares LifePath Retirement ETF | 3.01% | 3.03% | 3.03% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, FIKFX and IRTR 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.
IRTR has higher volatility (2.52%) compared to FIKFX (1.94%). In terms of maximum drawdown, FIKFX dropped -15.03% vs IRTR's -6.29%.
FIKFX currently has the higher Sharpe Ratio (2.01 vs 1.90), 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.
Find the right allocation for FIKFX and IRTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer