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FIOFX vs. VTTSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIOFX vs. VTTSX

Last updated Jun 4, 2026

FIOFX (Fidelity Freedom Index 2045 Fund Investor Class) and VTTSX (Vanguard Target Retirement 2060 Fund) are both mutual funds - FIOFX is a Target Retirement Date fund managed by Fidelity, while VTTSX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, FIOFX returned 11.87%/yr vs 11.95%/yr for VTTSX. With a 0.99 correlation, they move nearly in lockstep. FIOFX charges 0.12%/yr vs 0.08%/yr for VTTSX.

Performance

FIOFX vs. VTTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2060 Fund (VTTSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with FIOFX having a 12.20% return and VTTSX slightly lower at 12.17%. Both investments have delivered pretty close results over the past 10 years, with FIOFX having a 11.87% annualized return and VTTSX not far ahead at 11.95%.

FIOFX

1D
0.41%
1M
5.43%
YTD
12.20%
6M
13.11%
1Y
28.24%
3Y*
19.40%
5Y*
10.03%
10Y*
11.87%

VTTSX

1D
0.35%
1M
5.18%
YTD
12.17%
6M
13.10%
1Y
28.27%
3Y*
19.70%
5Y*
10.37%
10Y*
11.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIOFX vs. VTTSX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FIOFX
Fidelity Freedom Index 2045 Fund Investor Class		12.20%21.40%14.14%19.90%-18.21%15.95%16.43%25.96%-7.24%20.59%
VTTSX
Vanguard Target Retirement 2060 Fund		12.17%21.43%14.61%20.19%-17.48%16.45%16.33%26.18%-8.78%21.40%

Correlation

The correlation between FIOFX and VTTSX is 1.00 - 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

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2012

0.99

The correlation between FIOFX and VTTSX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

FIOFX vs. VTTSX - Sectors Allocation Comparison

Sectors
FIOFX
VTTSX

Technology

25.9%
27.3%

Financial Services

17.1%
16.1%

Industrials

11.7%
12.4%

Consumer Cyclical

9.4%
9.4%

Healthcare

9.1%
8.3%

Communication Services

8.0%
8.0%

Consumer Defensive

5.2%
4.8%

Energy

4.7%
4.3%

Basic Materials

4.1%
4.3%

Utilities

2.8%
2.7%

Real Estate

2.1%
2.5%

Technology

FIOFX
25.9%
VTTSX
27.3%

Financial Services

FIOFX
17.1%
VTTSX
16.1%

Industrials

FIOFX
11.7%
VTTSX
12.4%

Consumer Cyclical

FIOFX
9.4%
VTTSX
9.4%

Healthcare

FIOFX
9.1%
VTTSX
8.3%

Communication Services

FIOFX
8.0%
VTTSX
8.0%

Consumer Defensive

FIOFX
5.2%
VTTSX
4.8%

Energy

FIOFX
4.7%
VTTSX
4.3%

Basic Materials

FIOFX
4.1%
VTTSX
4.3%

Utilities

FIOFX
2.8%
VTTSX
2.7%

Real Estate

FIOFX
2.1%
VTTSX
2.5%

Compare stocks, funds, or ETFs

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Fidelity Freedom Index 2045 Fund Investor Class

Vanguard Target Retirement 2060 Fund

Often compared with FIOFX:
FIOFX vs. VTIVXFIOFX vs. FXAIXFIOFX vs. FFOLXFIOFX vs. FIAFXFIOFX vs. FSKAXFIOFX vs. FSPGXFIOFX vs. FFFGX
Often compared with VTTSX:
VTTSX vs. VOOVTTSX vs. FDKLXVTTSX vs. SPYVTTSX vs. VTIVTTSX vs. VLXVXVTTSX vs. VFIAXVTTSX vs. SWYNX

Return for Risk

FIOFX vs. VTTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIOFX
FIOFX Risk / Return Rank: 7171
Overall Rank
FIOFX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FIOFX Sortino Ratio Rank: 6868
Sortino Ratio Rank
FIOFX Omega Ratio Rank: 6767
Omega Ratio Rank
FIOFX Calmar Ratio Rank: 7070
Calmar Ratio Rank
FIOFX Martin Ratio Rank: 7575
Martin Ratio Rank
VTTSX
VTTSX Risk / Return Rank: 7171
Overall Rank
VTTSX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VTTSX Sortino Ratio Rank: 6969
Sortino Ratio Rank
VTTSX Omega Ratio Rank: 6767
Omega Ratio Rank
VTTSX Calmar Ratio Rank: 6969
Calmar Ratio Rank
VTTSX Martin Ratio Rank: 7575
Martin Ratio Rank
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. VTTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2060 Fund (VTTSX). 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.

FIOFXVTTSXDifference
Sharpe ratioReturn per unit of total volatility
2.49
2.51

-0.02

Sortino ratioReturn per unit of downside risk
3.44
3.46

-0.02

Omega ratioGain probability vs. loss probability

1.46

1.46

0.00

Calmar ratioReturn relative to maximum drawdown

3.22

3.21

+0.02

Martin ratioReturn relative to average drawdown

14.23

14.23

0.00

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. VTTSX - Sharpe Ratio Comparison

The current FIOFX Sharpe Ratio is 2.49, which is comparable to the VTTSX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FIOFX and VTTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FIOFXVTTSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

2.51

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

0.74

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.79

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.79

-0.07

Drawdowns

FIOFX vs. VTTSX - Drawdown Comparison

The maximum FIOFX drawdown since its inception was -30.72%, roughly equal to the maximum VTTSX drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for FIOFX and VTTSX.

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Drawdown Indicators

FIOFXVTTSXDifference

Max Drawdown

Largest peak-to-trough decline

-30.72%

-31.38%

+0.66%

Max Drawdown (1Y)

Largest decline over 1 year

-8.87%

-8.93%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-14.75%

-14.51%

-0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-26.22%

-25.40%

-0.82%

Max Drawdown (10Y)

Largest decline over 10 years

-30.72%

-31.38%

+0.66%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.15%

-4.04%

-0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.01%

0.00%

Volatility

FIOFX vs. VTTSX - Volatility Comparison

Fidelity Freedom Index 2045 Fund Investor Class (FIOFX) and Vanguard Target Retirement 2060 Fund (VTTSX) have volatilities of 3.48% and 3.36%, 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

FIOFXVTTSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

3.36%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

9.08%

+0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

11.48%

11.42%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.36%

14.18%

+0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.15%

15.10%

+0.05%

FIOFX vs. VTTSX - Expense Ratio Comparison

FIOFX has a 0.12% expense ratio, which is higher than VTTSX'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

FIOFX vs. VTTSX - Dividend Comparison

FIOFX's dividend yield for the trailing twelve months is around 1.90%, more than VTTSX's 1.83% yield.

PositionTTM20252024202320222021202020192018201720162015
FIOFX
Fidelity Freedom Index 2045 Fund Investor Class		1.90%2.03%2.01%1.95%2.03%1.92%1.95%14.88%2.26%1.89%2.00%2.01%
VTTSX
Vanguard Target Retirement 2060 Fund		1.83%2.06%2.20%2.14%2.09%5.67%1.83%2.11%2.33%1.77%1.98%1.92%

Frequently Asked Questions

With a correlation of 1.00, FIOFX and VTTSX 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.

FIOFX has higher volatility (3.48%) compared to VTTSX (3.36%). In terms of maximum drawdown, FIOFX dropped -30.72% vs VTTSX's -31.38%.

VTTSX currently has the higher Sharpe Ratio (2.51 vs 2.49), 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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