FIOFX vs. ITDG

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Ishares Lifepath Target Date 2055 ETF (ITDG).

FIOFX is managed by Fidelity. It was launched on Oct 2, 2009. ITDG is an actively managed fund by iShares. It was launched on Oct 17, 2023.

Performance

FIOFX vs. ITDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Ishares Lifepath Target Date 2055 ETF (ITDG). The values are adjusted to include any dividend payments, if applicable.

FIOFX vs. ITDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIOFX Fidelity Freedom Index 2045 Fund Investor Class	-4.08%	21.40%	14.14%	12.83%
ITDG Ishares Lifepath Target Date 2055 ETF	-1.56%	21.85%	16.56%	12.83%

Returns By Period

In the year-to-date period, FIOFX achieves a -4.08% return, which is significantly lower than ITDG's -1.56% 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%

ITDG

• 1D: 2.93%
• 1M: -6.36%
• YTD: -1.56%
• 6M: 1.49%
• 1Y: 21.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIOFX vs. ITDG - Expense Ratio Comparison

FIOFX has a 0.12% expense ratio, which is higher than ITDG's 0.11% 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%.

FIOFX

Fidelity Freedom Index 2045 Fund Investor Class

ITDG

Ishares Lifepath Target Date 2055 ETF

Return for Risk

FIOFX vs. ITDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIOFX

FIOFX Risk / Return Rank: 65
FIOFX Sharpe Ratio Rank: 64
FIOFX Sortino Ratio Rank: 65
FIOFX Omega Ratio Rank: 65
FIOFX Calmar Ratio Rank: 60
FIOFX Martin Ratio Rank: 68

ITDG

ITDG Risk / Return Rank: 74
ITDG Sharpe Ratio Rank: 71
ITDG Sortino Ratio Rank: 73
ITDG Omega Ratio Rank: 74
ITDG Calmar Ratio Rank: 71
ITDG Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIOFX vs. ITDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Ishares Lifepath Target Date 2055 ETF (ITDG). 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	ITDG	Difference
Sharpe ratio Return per unit of total volatility	1.10	1.24	-0.13
Sortino ratio Return per unit of downside risk	1.61	1.82	-0.21
Omega ratio Gain probability vs. loss probability	1.24	1.27	-0.03
Calmar ratio Return relative to maximum drawdown	1.38	1.76	-0.38
Martin ratio Return relative to average drawdown	6.46	8.29	-1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIOFX vs. ITDG - Sharpe Ratio Comparison

The current FIOFX Sharpe Ratio is 1.10, which is comparable to the ITDG Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FIOFX and ITDG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIOFX	ITDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.24	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.43	-0.77

Correlation

The correlation between FIOFX and ITDG is 0.98, 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. ITDG - Dividend Comparison

FIOFX's dividend yield for the trailing twelve months is around 2.12%, more than ITDG's 1.63% 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%
ITDG Ishares Lifepath Target Date 2055 ETF	1.63%	1.60%	1.44%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FIOFX vs. ITDG - Drawdown Comparison

The maximum FIOFX drawdown since its inception was -30.72%, which is greater than ITDG's maximum drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for FIOFX and ITDG.

Drawdown Indicators

	FIOFX	ITDG	Difference
Max Drawdown Largest peak-to-trough decline	-30.72%	-16.60%	-14.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.83%	-12.02%	+1.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.72%	—	—
Current Drawdown Current decline from peak	-8.87%	-6.89%	-1.98%
Average Drawdown Average peak-to-trough decline	-4.18%	-1.60%	-2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.55%	-0.23%

Volatility

FIOFX vs. ITDG - Volatility Comparison

The current volatility for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) is 4.89%, while Ishares Lifepath Target Date 2055 ETF (ITDG) has a volatility of 6.23%. This indicates that FIOFX experiences smaller price fluctuations and is considered to be less risky than ITDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIOFX	ITDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	6.23%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	9.76%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	17.10%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.25%	14.45%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	14.45%	+0.63%