FIOFX vs. BDMAX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and BlackRock Global Equity Market Neutral Fund (BDMAX).
FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. BDMAX is an actively managed fund by BlackRock. It was launched on Dec 20, 2012.
Performance
FIOFX vs. BDMAX - Performance Comparison
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FIOFX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | -4.08% | 21.40% | 14.14% | 19.90% | -18.21% | 15.95% | 16.43% | 25.96% | -7.24% | 20.59% |
BDMAX BlackRock Global Equity Market Neutral Fund | 3.51% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Returns By Period
In the year-to-date period, FIOFX achieves a -4.08% return, which is significantly lower than BDMAX's 3.51% return. Over the past 10 years, FIOFX has outperformed BDMAX with an annualized return of 10.39%, while BDMAX has yielded a comparatively lower 6.95% annualized return.
FIOFX
- 1D
- -0.17%
- 1M
- -8.42%
- YTD
- -4.08%
- 6M
- -1.19%
- 1Y
- 16.67%
- 3Y*
- 14.21%
- 5Y*
- 7.75%
- 10Y*
- 10.39%
BDMAX
- 1D
- -0.41%
- 1M
- 0.89%
- YTD
- 3.51%
- 6M
- 6.52%
- 1Y
- 16.41%
- 3Y*
- 18.28%
- 5Y*
- 10.88%
- 10Y*
- 6.95%
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FIOFX vs. BDMAX - Expense Ratio Comparison
FIOFX has a 0.12% expense ratio, which is lower than BDMAX's 1.60% expense ratio.
Return for Risk
FIOFX vs. BDMAX — Risk / Return Rank
FIOFX
BDMAX
FIOFX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and BlackRock Global Equity Market Neutral Fund (BDMAX). 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.
| FIOFX | BDMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 2.54 | -1.44 |
Sortino ratioReturn per unit of downside risk | 1.61 | 3.72 | -2.11 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 4.83 | -3.44 |
Martin ratioReturn relative to average drawdown | 6.46 | 13.40 | -6.94 |
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
| FIOFX | BDMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 2.54 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.68 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 1.21 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.09 | -0.43 |
Correlation
The correlation between FIOFX and BDMAX is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FIOFX vs. BDMAX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 2.12%, less than BDMAX's 8.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIOFX Fidelity Freedom Index 2045 Fund Investor Class | 2.12% | 2.03% | 2.01% | 1.95% | 2.03% | 1.92% | 1.95% | 14.88% | 2.26% | 1.89% | 2.00% | 2.01% |
BDMAX BlackRock Global Equity Market Neutral Fund | 8.64% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
Drawdowns
FIOFX vs. BDMAX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -30.72%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for FIOFX and BDMAX.
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Drawdown Indicators
| FIOFX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -12.37% | -18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -3.61% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -7.72% | -18.50% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -9.71% | -21.01% |
Current DrawdownCurrent decline from peak | -8.87% | -0.81% | -8.06% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -2.86% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.30% | +1.02% |
Volatility
FIOFX vs. BDMAX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) has a higher volatility of 4.89% compared to BlackRock Global Equity Market Neutral Fund (BDMAX) at 1.56%. This indicates that FIOFX's price experiences larger fluctuations and is considered to be riskier than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIOFX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 1.56% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 4.70% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 6.91% | +8.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 6.53% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 5.77% | +9.31% |