FNGLX vs. COST

Last updated Jul 11, 2026

FNGLX (Fidelity Advisor Freedom 2060 Fund Class Z6) is Target Retirement Date fund managed by Fidelity, while COST (Costco Wholesale Corporation) is a stock. Over the past 5 years, FNGLX returned 9.87%/yr vs 18.99%/yr for COST. At a 0.42 correlation, their price movements are largely independent.

Performance

FNGLX vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNGLX achieves a 12.45% return, which is significantly higher than COST's 7.73% return.

FNGLX

• 1D: 0.70%
• 1M: 0.99%
• 6M: 9.46%
• YTD: 12.45%
• 1Y: 23.31%
• 3Y*: 19.68%
• 5Y*: 9.87%
• 10Y*: —

COST

• 1D: 1.11%
• 1M: -5.69%
• 6M: -1.49%
• YTD: 7.73%
• 1Y: -3.99%
• 3Y*: 20.82%
• 5Y*: 18.99%
• 10Y*: 20.76%

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

FNGLX vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNGLX Fidelity Advisor Freedom 2060 Fund Class Z6	12.45%	23.45%	13.95%	19.61%	-17.95%	16.30%	17.81%	26.88%	-7.97%	8.02%
COST Costco Wholesale Corporation	7.73%	-5.39%	39.62%	49.00%	-19.05%	51.82%	32.67%	45.70%	10.60%	3.08%

Correlation

The correlation between FNGLX and COST is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.42

The correlation between FNGLX and COST shifts across timeframes, from -0.09 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FNGLX vs. COST — Risk / Return Rank

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

FNGLX

FNGLX Risk / Return Rank: 57
FNGLX Sharpe Ratio Rank: 54
FNGLX Sortino Ratio Rank: 52
FNGLX Omega Ratio Rank: 55
FNGLX Calmar Ratio Rank: 57
FNGLX Martin Ratio Rank: 68

COST

COST Risk / Return Rank: 34
COST Sharpe Ratio Rank: 36
COST Sortino Ratio Rank: 30
COST Omega Ratio Rank: 31
COST Calmar Ratio Rank: 37
COST Martin Ratio Rank: 35

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.

FNGLX vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and Costco Wholesale Corporation (COST). 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.

	FNGLX	COST	Difference
Sharpe ratio: Return per unit of total volatility	1.64	-0.20	+1.85
Sortino ratio: Return per unit of downside risk	2.29	-0.15	+2.44
Omega ratio: Gain probability vs. loss probability	1.30	0.98	+0.32
Calmar ratio: Return relative to maximum drawdown	2.33	-0.24	+2.57
Martin ratio: Return relative to average drawdown	9.96	-0.56	+10.52

FNGLX vs. COST - Sharpe Ratio Comparison

The current FNGLX Sharpe Ratio is 1.64, which is higher than the COST Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of FNGLX and COST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNGLX vs. COST - Drawdown Comparison

The maximum FNGLX drawdown since its inception was -31.22%, smaller than the maximum COST drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for FNGLX and COST.

Drawdown Indicators

	FNGLX	COST	Difference
Max Drawdown Largest peak-to-trough decline	-31.22%	-53.39%	+22.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-16.57%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-15.06%	-20.74%	+5.68%
Max Drawdown (5Y) Largest decline over 5 years	-27.15%	-31.40%	+4.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.40%	—
Current Drawdown Current decline from peak	-1.03%	-15.34%	+14.31%
Average Drawdown Average peak-to-trough decline	-5.42%	-13.36%	+7.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	7.14%	-4.84%

Volatility

FNGLX vs. COST - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) is 5.52%, while Costco Wholesale Corporation (COST) has a volatility of 6.82%. This indicates that FNGLX experiences smaller price fluctuations and is considered to be less risky than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNGLX	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	6.82%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	14.82%	-2.73%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	19.61%	-5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	22.86%	-7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	21.99%	-5.88%

Dividends

FNGLX vs. COST - Dividend Comparison

FNGLX's dividend yield for the trailing twelve months is around 6.08%, more than COST's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.58%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
FNGLX Fidelity Advisor Freedom 2060 Fund Class Z6	6.08%	4.94%	2.04%	2.36%	10.48%	8.88%	4.70%	6.51%	8.88%	1.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNGLX and COST in my portfolio?

FNGLX and COST have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNGLX or COST?

COST has higher volatility (6.82%) compared to FNGLX (5.52%). In terms of maximum drawdown, FNGLX dropped -31.22% vs COST's -53.39%.

Which has better risk-adjusted returns?

FNGLX currently has the higher Sharpe Ratio (1.64 vs -0.20), 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.