FIWTX vs. FQLSX

Last updated Jun 5, 2026

FIWTX (Fidelity Freedom Index 2020 Fund Institutional Premium Class) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FIWTX returned 4.80%/yr vs 11.02%/yr for FQLSX. Their correlation of 0.94 suggests significant overlap in exposure. FIWTX charges 0.08%/yr vs 0.00%/yr for FQLSX.

Performance

FIWTX vs. FQLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIWTX achieves a 5.76% return, which is significantly lower than FQLSX's 13.40% return.

FIWTX

• 1D: -0.51%
• 1M: 1.78%
• YTD: 5.76%
• 6M: 6.07%
• 1Y: 14.69%
• 3Y*: 11.13%
• 5Y*: 4.80%
• 10Y*: 7.23%

FQLSX

• 1D: -0.59%
• 1M: 3.74%
• YTD: 13.40%
• 6M: 14.76%
• 1Y: 29.91%
• 3Y*: 21.76%
• 5Y*: 11.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIWTX vs. FQLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class	5.76%	13.40%	7.73%	12.72%	-15.86%	8.40%	12.75%	18.25%	-3.86%	6.76%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	13.40%	22.80%	18.08%	21.04%	-18.58%	16.89%	18.43%	25.96%	-8.31%	10.12%

Correlation

The correlation between FIWTX and FQLSX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.94

The correlation between FIWTX and FQLSX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

FIWTX vs. FQLSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIWTX

FIWTX Risk / Return Rank: 68
FIWTX Sharpe Ratio Rank: 70
FIWTX Sortino Ratio Rank: 71
FIWTX Omega Ratio Rank: 70
FIWTX Calmar Ratio Rank: 62
FIWTX Martin Ratio Rank: 69

FQLSX

FQLSX Risk / Return Rank: 73
FQLSX Sharpe Ratio Rank: 73
FQLSX Sortino Ratio Rank: 68
FQLSX Omega Ratio Rank: 69
FQLSX Calmar Ratio Rank: 74
FQLSX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIWTX vs. FQLSX - 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 Flex Freedom Blend 2055 Fund (FQLSX). 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	FQLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.45	-0.02
Sortino ratio: Return per unit of downside risk	3.50	3.39	+0.11
Omega ratio: Gain probability vs. loss probability	1.47	1.45	+0.01
Calmar ratio: Return relative to maximum drawdown	2.98	3.25	-0.26
Martin ratio: Return relative to average drawdown	13.21	14.35	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIWTX vs. FQLSX - Sharpe Ratio Comparison

The current FIWTX Sharpe Ratio is 2.43, which is comparable to the FQLSX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of FIWTX and FQLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIWTX	FQLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.45	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.73	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.77	-0.02

Drawdowns

FIWTX vs. FQLSX - Drawdown Comparison

The maximum FIWTX drawdown since its inception was -21.59%, smaller than the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for FIWTX and FQLSX.

Drawdown Indicators

	FIWTX	FQLSX	Difference
Max Drawdown Largest peak-to-trough decline	-21.59%	-31.26%	+9.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.11%	-9.48%	+4.37%
Max Drawdown (3Y) Largest decline over 3 years	-7.85%	-15.37%	+7.52%
Max Drawdown (5Y) Largest decline over 5 years	-21.59%	-27.41%	+5.82%
Max Drawdown (10Y) Largest decline over 10 years	-21.59%	—	—
Current Drawdown Current decline from peak	-0.51%	-0.59%	+0.08%
Average Drawdown Average peak-to-trough decline	-3.66%	-5.43%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	2.14%	-0.99%

Volatility

FIWTX vs. FQLSX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) is 2.20%, while Fidelity Flex Freedom Blend 2055 Fund (FQLSX) has a volatility of 4.15%. This indicates that FIWTX experiences smaller price fluctuations and is considered to be less risky than FQLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIWTX	FQLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	4.15%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	5.13%	10.31%	-5.18%
Volatility (1Y) Calculated over the trailing 1-year period	6.28%	12.55%	-6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.56%	15.12%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.82%	16.08%	-7.26%

FIWTX vs. FQLSX - Expense Ratio Comparison

FIWTX has a 0.08% expense ratio, which is higher than FQLSX's 0.00% 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

FIWTX vs. FQLSX - Dividend Comparison

FIWTX's dividend yield for the trailing twelve months is around 5.85%, more than FQLSX's 4.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class	5.85%	6.00%	5.88%	2.47%	3.00%	2.77%	2.57%	17.46%	2.56%	1.89%	1.90%	1.79%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	4.61%	3.32%	7.20%	2.08%	5.79%	8.05%	5.76%	7.02%	8.18%	3.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIWTX and FQLSX in my portfolio?

With a correlation of 0.94, FIWTX and FQLSX 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.

Which is riskier, FIWTX or FQLSX?

FQLSX has higher volatility (4.15%) compared to FIWTX (2.20%). In terms of maximum drawdown, FIWTX dropped -21.59% vs FQLSX's -31.26%.

Which has better risk-adjusted returns?

FQLSX currently has the higher Sharpe Ratio (2.45 vs 2.43), 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.