FIPFX vs. FFOPX

Last updated Jun 3, 2026

FIPFX (Fidelity Freedom Index 2050 Fund Investor Class) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIPFX returned 11.85%/yr vs 11.91%/yr for FFOPX. With a 1.00 correlation, they move nearly in lockstep. FIPFX charges 0.12%/yr vs 0.08%/yr for FFOPX.

Performance

FIPFX vs. FFOPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FIPFX having a 11.96% return and FFOPX slightly higher at 11.98%. Both investments have delivered pretty close results over the past 10 years, with FIPFX having a 11.85% annualized return and FFOPX not far ahead at 11.91%.

FIPFX

• 1D: 0.38%
• 1M: 4.65%
• YTD: 11.96%
• 6M: 13.27%
• 1Y: 28.21%
• 3Y*: 19.31%
• 5Y*: 9.88%
• 10Y*: 11.85%

FFOPX

• 1D: 0.35%
• 1M: 4.64%
• YTD: 11.98%
• 6M: 13.28%
• 1Y: 28.23%
• 3Y*: 19.35%
• 5Y*: 9.92%
• 10Y*: 11.91%

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

FIPFX vs. FFOPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIPFX Fidelity Freedom Index 2050 Fund Investor Class	11.96%	21.40%	14.15%	19.91%	-18.22%	15.93%	16.46%	26.02%	-7.28%	20.54%
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	11.98%	21.41%	14.20%	19.97%	-18.20%	15.98%	16.55%	26.00%	-7.19%	20.61%

Correlation

The correlation between FIPFX and FFOPX 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	1.00
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 Jun 30, 2015	1.00

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

Return for Risk

FIPFX vs. FFOPX — Risk / Return Rank

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

FIPFX

FIPFX Risk / Return Rank: 71
FIPFX Sharpe Ratio Rank: 74
FIPFX Sortino Ratio Rank: 69
FIPFX Omega Ratio Rank: 68
FIPFX Calmar Ratio Rank: 69
FIPFX Martin Ratio Rank: 75

FFOPX

FFOPX Risk / Return Rank: 71
FFOPX Sharpe Ratio Rank: 75
FFOPX Sortino Ratio Rank: 69
FFOPX Omega Ratio Rank: 68
FFOPX Calmar Ratio Rank: 69
FFOPX Martin Ratio Rank: 75

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.

FIPFX vs. FFOPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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.

	FIPFX	FFOPX	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.51	-0.01
Sortino ratio Return per unit of downside risk	3.46	3.47	-0.01
Omega ratio Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio Return relative to maximum drawdown	3.21	3.21	0.00
Martin ratio Return relative to average drawdown	14.20	14.20	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIPFX vs. FFOPX - Sharpe Ratio Comparison

The current FIPFX Sharpe Ratio is 2.50, which is comparable to the FFOPX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FIPFX and FFOPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIPFX	FFOPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.51	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.69	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.79	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.72	0.00

Drawdowns

FIPFX vs. FFOPX - Drawdown Comparison

The maximum FIPFX drawdown since its inception was -30.71%, roughly equal to the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FIPFX and FFOPX.

Drawdown Indicators

	FIPFX	FFOPX	Difference
Max Drawdown Largest peak-to-trough decline	-30.71%	-30.71%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-8.97%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	-14.72%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-26.20%	-26.18%	-0.02%
Max Drawdown (10Y) Largest decline over 10 years	-30.71%	-30.71%	0.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.21%	-4.67%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.03%	0.00%

Volatility

FIPFX vs. FFOPX - Volatility Comparison

Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) have volatilities of 3.49% and 3.49%, 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.

Volatility by Period

	FIPFX	FFOPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.49%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	9.31%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	11.57%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	14.38%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	15.16%	+0.01%

FIPFX vs. FFOPX - Expense Ratio Comparison

FIPFX has a 0.12% expense ratio, which is higher than FFOPX'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

FIPFX vs. FFOPX - Dividend Comparison

FIPFX's dividend yield for the trailing twelve months is around 1.76%, less than FFOPX's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	1.79%	2.01%	2.04%	1.98%	2.07%	2.05%	1.97%	15.21%	2.32%	2.09%	2.14%	2.01%
FIPFX Fidelity Freedom Index 2050 Fund Investor Class	1.76%	1.97%	2.00%	1.94%	2.02%	1.93%	1.95%	15.16%	2.28%	2.05%	2.09%	2.00%

Frequently Asked Questions

Can I hold both FIPFX and FFOPX in my portfolio?

With a correlation of 1.00, FIPFX and FFOPX 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.

Which is riskier, FIPFX or FFOPX?

FFOPX has higher volatility (3.49%) compared to FIPFX (3.49%). In terms of maximum drawdown, FIPFX dropped -30.71% vs FFOPX's -30.71%.

Which has better risk-adjusted returns?

FFOPX currently has the higher Sharpe Ratio (2.51 vs 2.50), 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.