FKIFX vs. PLWIX

Last updated Jun 4, 2026

FKIFX (Fidelity Freedom Index 2010 Fund Investor Class) and PLWIX (Principal LifeTime 2020 Fund) are both Target Retirement Date funds. Over the past 10 years, FKIFX returned 5.40%/yr vs 7.37%/yr for PLWIX. Their correlation of 0.95 suggests significant overlap in exposure. FKIFX charges 0.12%/yr vs 0.01%/yr for PLWIX.

Performance

FKIFX vs. PLWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2010 Fund Investor Class (FKIFX) and Principal LifeTime 2020 Fund (PLWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FKIFX having a 4.56% return and PLWIX slightly higher at 4.62%. Over the past 10 years, FKIFX has underperformed PLWIX with an annualized return of 5.40%, while PLWIX has yielded a comparatively higher 7.37% annualized return.

FKIFX

• 1D: 0.14%
• 1M: 1.92%
• YTD: 4.56%
• 6M: 4.71%
• 1Y: 11.49%
• 3Y*: 8.58%
• 5Y*: 3.65%
• 10Y*: 5.40%

PLWIX

• 1D: 0.24%
• 1M: 2.26%
• YTD: 4.62%
• 6M: 4.75%
• 1Y: 12.52%
• 3Y*: 11.76%
• 5Y*: 5.37%
• 10Y*: 7.37%

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

FKIFX vs. PLWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FKIFX Fidelity Freedom Index 2010 Fund Investor Class	4.56%	10.21%	5.70%	9.83%	-12.94%	5.05%	10.41%	14.33%	-2.62%	9.81%
PLWIX Principal LifeTime 2020 Fund	4.62%	11.32%	12.21%	12.23%	-14.36%	9.05%	12.70%	18.40%	-5.72%	14.96%

Correlation

The correlation between FKIFX and PLWIX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 6, 2009	0.95

The correlation between FKIFX and PLWIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

FKIFX vs. PLWIX — Risk / Return Rank

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

FKIFX

FKIFX Risk / Return Rank: 76
FKIFX Sharpe Ratio Rank: 81
FKIFX Sortino Ratio Rank: 81
FKIFX Omega Ratio Rank: 81
FKIFX Calmar Ratio Rank: 66
FKIFX Martin Ratio Rank: 74

PLWIX

PLWIX Risk / Return Rank: 55
PLWIX Sharpe Ratio Rank: 54
PLWIX Sortino Ratio Rank: 55
PLWIX Omega Ratio Rank: 57
PLWIX Calmar Ratio Rank: 49
PLWIX Martin Ratio Rank: 60

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.

FKIFX vs. PLWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2010 Fund Investor Class (FKIFX) and Principal LifeTime 2020 Fund (PLWIX). 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.

	FKIFX	PLWIX	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.17	+0.45
Sortino ratio: Return per unit of downside risk	3.83	3.13	+0.69
Omega ratio: Gain probability vs. loss probability	1.53	1.42	+0.11
Calmar ratio: Return relative to maximum drawdown	3.13	2.69	+0.45
Martin ratio: Return relative to average drawdown	14.06	11.98	+2.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FKIFX vs. PLWIX - Sharpe Ratio Comparison

The current FKIFX Sharpe Ratio is 2.62, which is comparable to the PLWIX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FKIFX and PLWIX, 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

	FKIFX	PLWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.17	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.65	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.86	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.53	+0.32

Drawdowns

FKIFX vs. PLWIX - Drawdown Comparison

The maximum FKIFX drawdown since its inception was -17.50%, smaller than the maximum PLWIX drawdown of -49.07%. Use the drawdown chart below to compare losses from any high point for FKIFX and PLWIX.

Drawdown Indicators

	FKIFX	PLWIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-49.07%	+31.57%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-4.75%	+1.07%
Max Drawdown (3Y) Largest decline over 3 years	-5.72%	-6.97%	+1.25%
Max Drawdown (5Y) Largest decline over 5 years	-17.50%	-19.73%	+2.23%
Max Drawdown (10Y) Largest decline over 10 years	-17.50%	-20.29%	+2.79%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.46%	-5.72%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.06%	-0.24%

Volatility

FKIFX vs. PLWIX - Volatility Comparison

The current volatility for Fidelity Freedom Index 2010 Fund Investor Class (FKIFX) is 1.66%, while Principal LifeTime 2020 Fund (PLWIX) has a volatility of 1.92%. This indicates that FKIFX experiences smaller price fluctuations and is considered to be less risky than PLWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FKIFX	PLWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	1.92%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	3.65%	4.79%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	4.41%	5.89%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.13%	8.24%	-2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.13%	8.57%	-2.44%

FKIFX vs. PLWIX - Expense Ratio Comparison

FKIFX has a 0.12% expense ratio, which is higher than PLWIX's 0.01% 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

FKIFX vs. PLWIX - Dividend Comparison

FKIFX's dividend yield for the trailing twelve months is around 3.74%, less than PLWIX's 9.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKIFX Fidelity Freedom Index 2010 Fund Investor Class	3.74%	4.53%	4.99%	3.28%	3.71%	3.61%	2.56%	16.42%	4.74%	1.84%	1.84%	1.78%
PLWIX Principal LifeTime 2020 Fund	9.63%	10.08%	11.91%	5.12%	9.82%	9.40%	5.90%	8.69%	7.35%	5.74%	3.73%	8.75%

Frequently Asked Questions

Can I hold both FKIFX and PLWIX in my portfolio?

With a correlation of 0.92, FKIFX and PLWIX 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, FKIFX or PLWIX?

PLWIX has higher volatility (1.92%) compared to FKIFX (1.66%). In terms of maximum drawdown, FKIFX dropped -17.50% vs PLWIX's -49.07%.

Which has better risk-adjusted returns?

FKIFX currently has the higher Sharpe Ratio (2.62 vs 2.17), 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.