FIPFX vs. VFIFX
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Vanguard Target Retirement 2050 Fund (VFIFX).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. VFIFX is managed by Vanguard. It was launched on Jun 7, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or VFIFX.
Key characteristics
| FIPFX | VFIFX | |
|---|---|---|
| YTD Return | 16.29% | 16.37% |
| 1Y Return | 27.41% | 27.40% |
| 3Y Return (Ann) | 4.20% | 4.77% |
| 5Y Return (Ann) | 6.98% | 10.33% |
| 10Y Return (Ann) | 7.33% | 8.94% |
| Sharpe Ratio | 2.56 | 2.43 |
| Sortino Ratio | 3.54 | 3.44 |
| Omega Ratio | 1.47 | 1.46 |
| Calmar Ratio | 2.40 | 2.73 |
| Martin Ratio | 16.73 | 16.03 |
| Ulcer Index | 1.64% | 1.71% |
| Daily Std Dev | 10.74% | 11.28% |
| Max Drawdown | -37.17% | -51.68% |
| Current Drawdown | -0.95% | -0.90% |
Correlation
The correlation between FIPFX and VFIFX is 0.99, 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.
Performance
FIPFX vs. VFIFX - Performance Comparison
The year-to-date returns for both investments are quite close, with FIPFX having a 16.29% return and VFIFX slightly higher at 16.37%. Over the past 10 years, FIPFX has underperformed VFIFX with an annualized return of 7.33%, while VFIFX has yielded a comparatively higher 8.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIPFX vs. VFIFX - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is higher than VFIFX'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%.
Risk-Adjusted Performance
FIPFX vs. VFIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Vanguard Target Retirement 2050 Fund (VFIFX). 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.
Dividends
FIPFX vs. VFIFX - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.69%, less than VFIFX's 1.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.69% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.00% | 3.26% | 0.10% |
VFIFX Vanguard Target Retirement 2050 Fund | 1.90% | 2.21% | 2.13% | 2.19% | 1.63% | 2.20% | 2.43% | 1.89% | 1.93% | 2.05% | 2.01% | 1.84% |
Drawdowns
FIPFX vs. VFIFX - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, smaller than the maximum VFIFX drawdown of -51.68%. Use the drawdown chart below to compare losses from any high point for FIPFX and VFIFX. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. VFIFX - Volatility Comparison
Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Vanguard Target Retirement 2050 Fund (VFIFX) have volatilities of 3.01% and 2.99%, 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.