FIWFX vs. FFLEX
FIWFX (Fidelity Freedom Index 2015 Fund Institutional Premium Class) and FFLEX (Fidelity Freedom Index 2060 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIWFX returned 6.58%/yr vs 12.27%/yr for FFLEX. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.08% expense ratio.
Performance
FIWFX vs. FFLEX - Performance Comparison
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Returns By Period
In the year-to-date period, FIWFX achieves a 4.87% return, which is significantly lower than FFLEX's 11.89% return. Over the past 10 years, FIWFX has underperformed FFLEX with an annualized return of 6.58%, while FFLEX has yielded a comparatively higher 12.27% 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%
FFLEX
- 1D
- -0.17%
- 1M
- 1.77%
- YTD
- 11.89%
- 6M
- 11.32%
- 1Y
- 26.89%
- 3Y*
- 19.02%
- 5Y*
- 9.89%
- 10Y*
- 12.27%
FIWFX vs. FFLEX - 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% |
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 11.89% | 21.47% | 14.20% | 19.97% | -18.19% | 15.98% | 16.46% | 26.17% | -7.21% | 20.63% |
Correlation
The correlation between FIWFX and FFLEX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.94 |
The correlation between FIWFX and FFLEX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
FIWFX vs. FFLEX — Risk / Return Rank
FIWFX
FFLEX
FIWFX vs. FFLEX - 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 Index 2060 Fund Institutional Premium Class (FFLEX). 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 | FFLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 3.09 | -0.18 |
| Martin ratioReturn relative to average drawdown | 12.59 | 13.32 | -0.73 |
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Drawdowns
FIWFX vs. FFLEX - Drawdown Comparison
The maximum FIWFX drawdown since its inception was -19.50%, smaller than the maximum FFLEX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FIWFX and FFLEX.
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Drawdown Indicators
| FIWFX | FFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.50% | -30.71% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -9.07% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -6.72% | -14.68% | +7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -26.17% | +6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.50% | -30.71% | +11.21% |
Current DrawdownCurrent decline from peak | -0.44% | -0.66% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -4.65% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.10% | -1.10% |
Volatility
FIWFX vs. FFLEX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2015 Fund Institutional Premium Class (FIWFX) is 2.34%, while Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) has a volatility of 5.07%. This indicates that FIWFX experiences smaller price fluctuations and is considered to be less risky than FFLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIWFX | FFLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 5.07% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 10.39% | -5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 12.46% | -6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 14.53% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 15.22% | -7.70% |
FIWFX vs. FFLEX - Expense Ratio Comparison
Both FIWFX and FFLEX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FIWFX vs. FFLEX - Dividend Comparison
FIWFX's dividend yield for the trailing twelve months is around 4.89%, more than FFLEX's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 1.72% | 1.98% | 1.98% | 1.94% | 2.03% | 1.95% | 1.85% | 6.75% | 2.36% | 2.16% | 2.44% | 1.82% |
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 0.93, FIWFX and FFLEX 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.
FFLEX has higher volatility (5.07%) compared to FIWFX (2.34%). In terms of maximum drawdown, FIWFX dropped -19.50% vs FFLEX's -30.71%.
FFLEX currently has the higher Sharpe Ratio (2.25 vs 2.23), 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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