FIPFX vs. LIPKX
FIPFX (Fidelity Freedom Index 2050 Fund Investor Class) and LIPKX (BlackRock LifePath Index 2050 Fund Class K) are both Target Retirement Date funds. Over the past 10 years, FIPFX returned 11.90%/yr vs 11.76%/yr for LIPKX. With a 0.98 correlation, they move nearly in lockstep. FIPFX charges 0.12%/yr vs 0.09%/yr for LIPKX.
Performance
FIPFX vs. LIPKX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FIPFX having a 12.41% return and LIPKX slightly higher at 12.50%. Both investments have delivered pretty close results over the past 10 years, with FIPFX having a 11.90% annualized return and LIPKX not far behind at 11.76%.
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%
LIPKX
- 1D
- 0.43%
- 1M
- 5.32%
- YTD
- 12.50%
- 6M
- 13.26%
- 1Y
- 28.65%
- 3Y*
- 19.17%
- 5Y*
- 10.07%
- 10Y*
- 11.76%
FIPFX vs. LIPKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
LIPKX BlackRock LifePath Index 2050 Fund Class K | 12.50% | 20.71% | 12.88% | 21.38% | -18.34% | 18.74% | 14.28% | 26.78% | -7.81% | 21.43% |
Correlation
The correlation between FIPFX and LIPKX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.98 |
The correlation between FIPFX and LIPKX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
FIPFX vs. LIPKX — Risk / Return Rank
FIPFX
LIPKX
FIPFX vs. LIPKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and BlackRock LifePath Index 2050 Fund Class K (LIPKX). 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 | LIPKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.44 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.20 | +0.02 |
| Martin ratioReturn relative to average drawdown | 14.21 | 14.13 | +0.09 |
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
| FIPFX | LIPKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.43 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.65 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.71 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.62 | +0.10 |
Drawdowns
FIPFX vs. LIPKX - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -30.71%, smaller than the maximum LIPKX drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for FIPFX and LIPKX.
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Drawdown Indicators
| FIPFX | LIPKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -34.29% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -9.09% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -17.06% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -26.35% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | -34.29% | +3.58% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -4.51% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.05% | -0.02% |
Volatility
FIPFX vs. LIPKX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 3.50%, while BlackRock LifePath Index 2050 Fund Class K (LIPKX) has a volatility of 3.76%. This indicates that FIPFX experiences smaller price fluctuations and is considered to be less risky than LIPKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIPFX | LIPKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.76% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 9.63% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 11.99% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 15.50% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 16.51% | -1.34% |
FIPFX vs. LIPKX - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is higher than LIPKX's 0.09% 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. LIPKX - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.75%, less than LIPKX's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LIPKX BlackRock LifePath Index 2050 Fund Class K | 2.51% | 2.82% | 0.01% | 2.14% | 2.08% | 2.20% | 1.11% | 3.33% | 2.42% | 2.36% | 1.60% | 3.17% |
Frequently Asked Questions
With a correlation of 0.99, FIPFX and LIPKX 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.
LIPKX has higher volatility (3.76%) compared to FIPFX (3.50%). In terms of maximum drawdown, FIPFX dropped -30.71% vs LIPKX's -34.29%.
FIPFX currently has the higher Sharpe Ratio (2.50 vs 2.42), 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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