FIWTX vs. FFOPX
FIWTX (Fidelity Freedom Index 2020 Fund Institutional Premium Class) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIWTX returned 7.28%/yr vs 11.95%/yr for FFOPX. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.08% expense ratio.
Performance
FIWTX vs. FFOPX - Performance Comparison
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Returns By Period
In the year-to-date period, FIWTX achieves a 6.30% return, which is significantly lower than FFOPX's 12.47% return. Over the past 10 years, FIWTX has underperformed FFOPX with an annualized return of 7.28%, while FFOPX has yielded a comparatively higher 11.95% annualized return.
FIWTX
- 1D
- 0.23%
- 1M
- 2.77%
- YTD
- 6.30%
- 6M
- 6.61%
- 1Y
- 15.77%
- 3Y*
- 11.32%
- 5Y*
- 5.03%
- 10Y*
- 7.28%
FFOPX
- 1D
- 0.43%
- 1M
- 5.54%
- YTD
- 12.47%
- 6M
- 13.34%
- 1Y
- 28.51%
- 3Y*
- 19.53%
- 5Y*
- 10.12%
- 10Y*
- 11.95%
FIWTX vs. FFOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class | 6.30% | 13.40% | 7.73% | 12.72% | -15.86% | 8.40% | 12.75% | 18.25% | -3.86% | 13.95% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 12.47% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 20.61% |
Correlation
The correlation between FIWTX and FFOPX is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.96 |
The correlation between FIWTX and FFOPX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FIWTX vs. FFOPX — Risk / Return Rank
FIWTX
FFOPX
FIWTX vs. FFOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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.
| FIWTX | FFOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.46 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.22 | -0.11 |
| Martin ratioReturn relative to average drawdown | 13.79 | 14.24 | -0.45 |
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
| FIWTX | FFOPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.51 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.71 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.79 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.72 | +0.04 |
Drawdowns
FIWTX vs. FFOPX - Drawdown Comparison
The maximum FIWTX drawdown since its inception was -21.59%, smaller than the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FIWTX and FFOPX.
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Drawdown Indicators
| FIWTX | FFOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -30.71% | +9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -8.97% | +3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -14.72% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -26.18% | +4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -21.59% | -30.71% | +9.12% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -4.67% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.03% | -0.88% |
Volatility
FIWTX vs. FFOPX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) is 2.14%, while Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a volatility of 3.50%. This indicates that FIWTX experiences smaller price fluctuations and is considered to be less risky than FFOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIWTX | FFOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 3.50% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.13% | 9.31% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 11.55% | -5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 14.38% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.82% | 15.16% | -6.34% |
FIWTX vs. FFOPX - Expense Ratio Comparison
Both FIWTX and FFOPX 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
FIWTX vs. FFOPX - Dividend Comparison
FIWTX's dividend yield for the trailing twelve months is around 5.82%, more than FFOPX's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.78% | 2.01% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.32% | 2.09% | 2.14% | 2.01% |
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class | 5.82% | 6.00% | 5.88% | 2.47% | 3.00% | 2.77% | 2.57% | 17.46% | 2.56% | 1.89% | 1.90% | 1.79% |
Frequently Asked Questions
With a correlation of 0.95, FIWTX and FFOPX 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.
FFOPX has higher volatility (3.50%) compared to FIWTX (2.14%). In terms of maximum drawdown, FIWTX dropped -21.59% vs FFOPX's -30.71%.
FIWTX currently has the higher Sharpe Ratio (2.54 vs 2.51), 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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