FIWFX vs. FFFAX
FIWFX (Fidelity Freedom Index 2015 Fund Institutional Premium Class) and FFFAX (Fidelity Freedom Income Fund) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIWFX returned 6.58%/yr vs 4.60%/yr for FFFAX. Their correlation of 0.89 suggests significant overlap in exposure. FIWFX charges 0.08%/yr vs 0.47%/yr for FFFAX.
Performance
FIWFX vs. FFFAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FIWFX having a 4.87% return and FFFAX slightly lower at 4.83%. Over the past 10 years, FIWFX has outperformed FFFAX with an annualized return of 6.58%, while FFFAX has yielded a comparatively lower 4.60% annualized return.
FIWFX
- 1D
- -0.25%
- 1M
- 0.83%
- YTD
- 4.87%
- 6M
- 4.76%
- 1Y
- 12.13%
- 3Y*
- 9.58%
- 5Y*
- 4.15%
- 10Y*
- 6.58%
FFFAX
- 1D
- -0.25%
- 1M
- 1.07%
- YTD
- 4.83%
- 6M
- 4.77%
- 1Y
- 10.53%
- 3Y*
- 7.93%
- 5Y*
- 3.20%
- 10Y*
- 4.60%
FIWFX vs. FFFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIWFX Fidelity Freedom Index 2015 Fund Institutional Premium Class | 4.87% | 11.81% | 6.76% | 11.32% | -14.44% | 6.84% | 11.61% | 16.47% | -3.39% | 12.67% |
FFFAX Fidelity Freedom Income Fund | 4.83% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -1.99% | 8.21% |
Correlation
The correlation between FIWFX and FFFAX is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.89 |
The correlation between FIWFX and FFFAX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
FIWFX vs. FFFAX — Risk / Return Rank
FIWFX
FFFAX
FIWFX vs. FFFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2015 Fund Institutional Premium Class (FIWFX) and Fidelity Freedom Income Fund (FFFAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIWFX | FFFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.99 | -0.07 |
| Martin ratioReturn relative to average drawdown | 12.59 | 12.83 | -0.23 |
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Drawdowns
FIWFX vs. FFFAX - Drawdown Comparison
The maximum FIWFX drawdown since its inception was -19.50%, which is greater than FFFAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for FIWFX and FFFAX.
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Drawdown Indicators
| FIWFX | FFFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.50% | -17.96% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -3.68% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -6.72% | -4.91% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -15.87% | -3.63% |
Max Drawdown (10Y)Largest decline over 10 years | -19.50% | -15.87% | -3.63% |
Current DrawdownCurrent decline from peak | -0.44% | -0.25% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -1.79% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.85% | +0.15% |
Volatility
FIWFX vs. FFFAX - Volatility Comparison
Fidelity Freedom Index 2015 Fund Institutional Premium Class (FIWFX) and Fidelity Freedom Income Fund (FFFAX) have volatilities of 2.34% and 2.29%, 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
| FIWFX | FFFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.29% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 4.35% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 4.99% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 5.45% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 4.68% | +2.84% |
FIWFX vs. FFFAX - Expense Ratio Comparison
FIWFX has a 0.08% expense ratio, which is lower than FFFAX's 0.47% expense ratio.
Dividends
FIWFX vs. FFFAX - Dividend Comparison
FIWFX's dividend yield for the trailing twelve months is around 4.89%, more than FFFAX's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 2.95% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
FIWFX Fidelity Freedom Index 2015 Fund Institutional Premium Class | 4.89% | 5.46% | 5.21% | 2.60% | 3.14% | 2.90% | 2.67% | 18.25% | 3.19% | 1.99% | 1.91% | 1.77% |
Frequently Asked Questions
With a correlation of 0.96, FIWFX and FFFAX 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.
FIWFX has higher volatility (2.34%) compared to FFFAX (2.29%). In terms of maximum drawdown, FIWFX dropped -19.50% vs FFFAX's -17.96%.
FIWFX currently has the higher Sharpe Ratio (2.23 vs 2.21), 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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