FIOFX vs. FIAFX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Fidelity Advisor Freedom Income Fund Class I (FIAFX).
FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. FIAFX is managed by Fidelity. It was launched on Jul 24, 2003.
Performance
FIOFX vs. FIAFX - Performance Comparison
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FIOFX vs. FIAFX - 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% |
FIAFX Fidelity Advisor Freedom Income Fund Class I | -0.65% | 10.07% | 4.29% | 8.05% | -11.40% | 3.13% | 8.79% | 11.10% | -1.80% | 7.30% |
Returns By Period
In the year-to-date period, FIOFX achieves a -4.08% return, which is significantly lower than FIAFX's -0.65% return. Over the past 10 years, FIOFX has outperformed FIAFX with an annualized return of 10.39%, while FIAFX has yielded a comparatively lower 4.01% 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%
FIAFX
- 1D
- 0.19%
- 1M
- -3.60%
- YTD
- -0.65%
- 6M
- 0.64%
- 1Y
- 6.98%
- 3Y*
- 5.97%
- 5Y*
- 2.48%
- 10Y*
- 4.01%
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FIOFX vs. FIAFX - Expense Ratio Comparison
FIOFX has a 0.12% expense ratio, which is lower than FIAFX's 0.47% expense ratio.
Return for Risk
FIOFX vs. FIAFX — Risk / Return Rank
FIOFX
FIAFX
FIOFX vs. FIAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Fidelity Advisor Freedom Income Fund Class I (FIAFX). 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 | FIAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.50 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.08 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.88 | -0.49 |
Martin ratioReturn relative to average drawdown | 6.46 | 7.96 | -1.50 |
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 | FIAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.50 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.88 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.81 | -0.15 |
Correlation
The correlation between FIOFX and FIAFX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIOFX vs. FIAFX - Dividend Comparison
FIOFX's dividend yield for the trailing twelve months is around 2.12%, less than FIAFX's 3.24% 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% |
FIAFX Fidelity Advisor Freedom Income Fund Class I | 3.24% | 3.14% | 3.03% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.61% | 3.31% | 3.09% | 3.04% |
Drawdowns
FIOFX vs. FIAFX - Drawdown Comparison
The maximum FIOFX drawdown since its inception was -30.72%, which is greater than FIAFX's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for FIOFX and FIAFX.
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Drawdown Indicators
| FIOFX | FIAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -18.94% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -3.78% | -7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -15.92% | -10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -15.92% | -14.80% |
Current DrawdownCurrent decline from peak | -8.87% | -3.60% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -2.11% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.89% | +1.43% |
Volatility
FIOFX vs. FIAFX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) has a higher volatility of 4.89% compared to Fidelity Advisor Freedom Income Fund Class I (FIAFX) at 2.13%. This indicates that FIOFX's price experiences larger fluctuations and is considered to be riskier than FIAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIOFX | FIAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.13% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 3.10% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 4.75% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 5.26% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 4.59% | +10.49% |