FLSOX vs. FFGZX
FLSOX (Franklin LifeSmart 2050 Retirement Target Fund) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, FLSOX returned 11.49%/yr vs 4.28%/yr for FFGZX. A 0.71 correlation means they provide meaningful diversification when combined. FLSOX charges 0.25%/yr vs 0.08%/yr for FFGZX.
Performance
FLSOX vs. FFGZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLSOX achieves a 11.99% return, which is significantly higher than FFGZX's 4.28% return. Over the past 10 years, FLSOX has outperformed FFGZX with an annualized return of 11.49%, while FFGZX has yielded a comparatively lower 4.28% annualized return.
FLSOX
- 1D
- 0.41%
- 1M
- 5.54%
- YTD
- 11.99%
- 6M
- 13.00%
- 1Y
- 28.25%
- 3Y*
- 20.21%
- 5Y*
- 10.67%
- 10Y*
- 11.49%
FFGZX
- 1D
- 0.16%
- 1M
- 1.75%
- YTD
- 4.28%
- 6M
- 4.42%
- 1Y
- 10.55%
- 3Y*
- 7.68%
- 5Y*
- 3.28%
- 10Y*
- 4.28%
FLSOX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLSOX Franklin LifeSmart 2050 Retirement Target Fund | 11.99% | 21.51% | 15.86% | 19.58% | -17.26% | 17.71% | 16.53% | 22.44% | -7.23% | 19.20% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 4.28% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between FLSOX and FFGZX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.71 |
The correlation between FLSOX and FFGZX shifts across timeframes, from 0.68 (5 years) to 0.80 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLSOX vs. FFGZX — Risk / Return Rank
FLSOX
FFGZX
FLSOX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2050 Retirement Target Fund (FLSOX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| FLSOX | FFGZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.44 | 2.64 | -0.20 |
Sortino ratioReturn per unit of downside risk | 3.38 | 3.97 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.54 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.18 | -0.15 |
Martin ratioReturn relative to average drawdown | 13.62 | 14.23 | -0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FLSOX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 2.64 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.65 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.97 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.93 | -0.36 |
Drawdowns
FLSOX vs. FFGZX - Drawdown Comparison
The maximum FLSOX drawdown since its inception was -39.36%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FLSOX and FFGZX.
Loading charts...
Drawdown Indicators
| FLSOX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.36% | -14.94% | -24.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -3.33% | -6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -4.76% | -10.74% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -14.94% | -24.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -14.94% | -24.42% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -2.26% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.74% | +1.36% |
Volatility
FLSOX vs. FFGZX - Volatility Comparison
Franklin LifeSmart 2050 Retirement Target Fund (FLSOX) has a higher volatility of 3.32% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.49%. This indicates that FLSOX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLSOX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 1.49% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 3.34% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 4.01% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.33% | 5.08% | +15.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 4.43% | +13.54% |
FLSOX vs. FFGZX - Expense Ratio Comparison
FLSOX has a 0.25% expense ratio, which is higher than FFGZX's 0.08% 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
FLSOX vs. FFGZX - Dividend Comparison
FLSOX's dividend yield for the trailing twelve months is around 5.65%, more than FFGZX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.21% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
FLSOX Franklin LifeSmart 2050 Retirement Target Fund | 5.65% | 6.32% | 2.59% | 1.97% | 4.39% | 26.85% | 3.04% | 2.33% | 4.40% | 1.95% | 1.79% | 2.99% |
Frequently Asked Questions
FLSOX and FFGZX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLSOX has higher volatility (3.32%) compared to FFGZX (1.49%). In terms of maximum drawdown, FLSOX dropped -39.36% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.64 vs 2.44), 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.
Find the right allocation for FLSOX and FFGZX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer