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FIPFX vs. FIKFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIPFX vs. FIKFX

Last updated Jun 4, 2026

FIPFX (Fidelity Freedom Index 2050 Fund Investor Class) and FIKFX (Fidelity Freedom Index Income Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIPFX returned 11.90%/yr vs 4.24%/yr for FIKFX. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.12% expense ratio.

Performance

FIPFX vs. FIKFX - 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 Income Fund Investor Class (FIKFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FIPFX achieves a 12.41% return, which is significantly higher than FIKFX's 4.19% return. Over the past 10 years, FIPFX has outperformed FIKFX with an annualized return of 11.90%, while FIKFX has yielded a comparatively lower 4.24% annualized return.

FIPFX

1D
0.40%
1M
5.52%
YTD
12.41%
6M
13.29%
1Y
28.44%
3Y*
19.47%
5Y*
10.07%
10Y*
11.90%

FIKFX

1D
0.08%
1M
1.67%
YTD
4.19%
6M
4.33%
1Y
10.42%
3Y*
7.66%
5Y*
3.25%
10Y*
4.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIPFX vs. FIKFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FIPFX
Fidelity Freedom Index 2050 Fund Investor Class		12.41%21.40%14.15%19.91%-18.22%15.93%16.46%26.02%-7.28%20.54%
FIKFX
Fidelity Freedom Index Income Fund Investor Class		4.19%9.23%4.96%8.28%-11.09%2.79%8.54%10.59%-0.76%6.66%

Correlation

The correlation between FIPFX and FIKFX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

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

0.76

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

0.73

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

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2009

0.78

The correlation between FIPFX and FIKFX shifts across timeframes, from 0.73 (5 years) to 0.84 (1 year), reflecting how their relationship changes across market environments.

FIPFX vs. FIKFX - Sectors Allocation Comparison

Sectors
FIPFX
FIKFX

Technology

25.9%
25.8%

Financial Services

17.1%
17.2%

Industrials

11.7%
11.7%

Consumer Cyclical

9.4%
9.4%

Healthcare

9.1%
9.1%

Communication Services

8.0%
8.0%

Consumer Defensive

5.2%
5.2%

Energy

4.7%
4.7%

Basic Materials

4.1%
4.1%

Utilities

2.8%
2.8%

Real Estate

2.1%
2.1%

Technology

FIPFX
25.9%
FIKFX
25.8%

Financial Services

FIPFX
17.1%
FIKFX
17.2%

Industrials

FIPFX
11.7%
FIKFX
11.7%

Consumer Cyclical

FIPFX
9.4%
FIKFX
9.4%

Healthcare

FIPFX
9.1%
FIKFX
9.1%

Communication Services

FIPFX
8.0%
FIKFX
8.0%

Consumer Defensive

FIPFX
5.2%
FIKFX
5.2%

Energy

FIPFX
4.7%
FIKFX
4.7%

Basic Materials

FIPFX
4.1%
FIKFX
4.1%

Utilities

FIPFX
2.8%
FIKFX
2.8%

Real Estate

FIPFX
2.1%
FIKFX
2.1%

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Fidelity Freedom Index 2050 Fund Investor Class

Fidelity Freedom Index Income Fund Investor Class

Often compared with FIPFX:
FIPFX vs. VFIFXFIPFX vs. FXAIXFIPFX vs. FFOPXFIPFX vs. SPYFIPFX vs. FIHFXFIPFX vs. FSKAXFIPFX vs. VIIIX
Often compared with FIKFX:
FIKFX vs. VTINXFIKFX vs. IRTRFIKFX vs. FZROXFIKFX vs. FIPDXFIKFX vs. VTMFXFIKFX vs. PRBLXFIKFX vs. BNDW

Return for Risk

FIPFX vs. FIKFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIPFX
FIPFX Risk / Return Rank: 7171
Overall Rank
FIPFX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FIPFX Sortino Ratio Rank: 6969
Sortino Ratio Rank
FIPFX Omega Ratio Rank: 6767
Omega Ratio Rank
FIPFX Calmar Ratio Rank: 6969
Calmar Ratio Rank
FIPFX Martin Ratio Rank: 7575
Martin Ratio Rank
FIKFX
FIKFX Risk / Return Rank: 7777
Overall Rank
FIKFX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FIKFX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FIKFX Omega Ratio Rank: 8181
Omega Ratio Rank
FIKFX Calmar Ratio Rank: 6767
Calmar Ratio Rank
FIKFX Martin Ratio Rank: 7474
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.

FIPFX vs. FIKFX - 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 Income Fund Investor Class (FIKFX). 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.

FIPFXFIKFXDifference
Sharpe ratioReturn per unit of total volatility
2.50
2.63

-0.13

Sortino ratioReturn per unit of downside risk
3.45
3.92

-0.47

Omega ratioGain probability vs. loss probability

1.46

1.54

-0.08

Calmar ratioReturn relative to maximum drawdown

3.22

3.15

+0.07

Martin ratioReturn relative to average drawdown

14.21

14.03

+0.18

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. FIKFX - Sharpe Ratio Comparison

The current FIPFX Sharpe Ratio is 2.50, which is comparable to the FIKFX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of FIPFX and FIKFX, 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

FIPFXFIKFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.50

2.63

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

0.64

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.96

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

1.01

-0.29

Drawdowns

FIPFX vs. FIKFX - Drawdown Comparison

The maximum FIPFX drawdown since its inception was -30.71%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FIPFX and FIKFX.

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Drawdown Indicators

FIPFXFIKFXDifference

Max Drawdown

Largest peak-to-trough decline

-30.71%

-15.03%

-15.68%

Max Drawdown (1Y)

Largest decline over 1 year

-8.96%

-3.32%

-5.64%

Max Drawdown (3Y)

Largest decline over 3 years

-14.71%

-4.76%

-9.95%

Max Drawdown (5Y)

Largest decline over 5 years

-26.20%

-15.03%

-11.17%

Max Drawdown (10Y)

Largest decline over 10 years

-30.71%

-15.03%

-15.68%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.21%

-1.72%

-2.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

0.74%

+1.29%

Volatility

FIPFX vs. FIKFX - Volatility Comparison

Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) has a higher volatility of 3.50% compared to Fidelity Freedom Index Income Fund Investor Class (FIKFX) at 1.49%. This indicates that FIPFX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIPFXFIKFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.50%

1.49%

+2.01%

Volatility (6M)

Calculated over the trailing 6-month period

9.31%

3.31%

+6.00%

Volatility (1Y)

Calculated over the trailing 1-year period

11.56%

3.98%

+7.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.39%

5.12%

+9.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

4.44%

+10.73%

FIPFX vs. FIKFX - Expense Ratio Comparison

Both FIPFX and FIKFX have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FIPFX vs. FIKFX - Dividend Comparison

FIPFX's dividend yield for the trailing twelve months is around 1.75%, less than FIKFX's 3.19% yield.

PositionTTM20252024202320222021202020192018201720162015
FIKFX
Fidelity Freedom Index Income Fund Investor Class		3.19%3.40%3.13%2.85%3.06%2.04%2.18%7.27%2.94%1.89%1.65%1.39%
FIPFX
Fidelity Freedom Index 2050 Fund Investor Class		1.75%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

FIPFX and FIKFX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FIPFX has higher volatility (3.50%) compared to FIKFX (1.49%). In terms of maximum drawdown, FIPFX dropped -30.71% vs FIKFX's -15.03%.

FIKFX currently has the higher Sharpe Ratio (2.63 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.

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