FOGLX vs. ALGRX

Last updated Aug 1, 2026

FOGLX (Fidelity Advisor Freedom 2020 Fund Class Z6) and ALGRX (Alger Focus Equity Fund Class I) are both mutual funds - FOGLX is a Target Retirement Date fund managed by Fidelity, while ALGRX is a Large Cap Growth Equities fund managed by Alger. Over the past 5 years, FOGLX returned 5.33%/yr vs 17.20%/yr for ALGRX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FOGLX charges 0.42%/yr vs 0.95%/yr for ALGRX.

Performance

FOGLX vs. ALGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2020 Fund Class Z6 (FOGLX) and Alger Focus Equity Fund Class I (ALGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOGLX achieves a 5.31% return, which is significantly lower than ALGRX's 8.75% return.

FOGLX

• 1D: 1.04%
• 1M: -0.94%
• 6M: 3.32%
• YTD: 5.31%
• 1Y: 11.50%
• 3Y*: 11.65%
• 5Y*: 5.33%
• 10Y*: —
• ALL TIME*: 7.29%

ALGRX

• 1D: 4.69%
• 1M: -3.70%
• 6M: 10.37%
• YTD: 8.75%
• 1Y: 25.68%
• 3Y*: 34.90%
• 5Y*: 17.20%
• 10Y*: 20.55%
• ALL TIME*: 10.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALGRX Alger Focus Equity Fund Class I	$0.00	$0.00	$0.00
FOGLX Fidelity Advisor Freedom 2020 Fund Class Z6	$0.00	$0.00	$0.00

FOGLX vs. ALGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOGLX Fidelity Advisor Freedom 2020 Fund Class Z6	5.31%	14.85%	11.48%	12.62%	-15.90%	8.90%	13.38%	18.91%	-4.85%	6.48%
ALGRX Alger Focus Equity Fund Class I	8.75%	39.68%	51.77%	44.20%	-35.94%	20.06%	45.82%	33.93%	1.39%	8.74%

Correlation

The correlation between FOGLX and ALGRX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.78

The correlation between FOGLX and ALGRX has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.

Return for Risk

FOGLX vs. ALGRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOGLX

FOGLX Risk / Return Rank: 53
FOGLX Sharpe Ratio Rank: 51
FOGLX Sortino Ratio Rank: 50
FOGLX Omega Ratio Rank: 53
FOGLX Calmar Ratio Rank: 52
FOGLX Martin Ratio Rank: 60

ALGRX

ALGRX Risk / Return Rank: 32
ALGRX Sharpe Ratio Rank: 32
ALGRX Sortino Ratio Rank: 33
ALGRX Omega Ratio Rank: 30
ALGRX Calmar Ratio Rank: 33
ALGRX Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOGLX vs. ALGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2020 Fund Class Z6 (FOGLX) and Alger Focus Equity Fund Class I (ALGRX). 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.

	FOGLX	ALGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.01	+0.45
Sortino ratio: Return per unit of downside risk	2.07	1.50	+0.58
Omega ratio: Gain probability vs. loss probability	1.27	1.18	+0.10
Calmar ratio: Return relative to maximum drawdown	2.02	1.38	+0.64
Martin ratio: Return relative to average drawdown	8.21	4.33	+3.88

FOGLX vs. ALGRX - Sharpe Ratio Comparison

The current FOGLX Sharpe Ratio is 1.45, which is higher than the ALGRX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FOGLX and ALGRX, 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

FOGLX vs. ALGRX - Drawdown Comparison

The maximum FOGLX drawdown since its inception was -22.47%, smaller than the maximum ALGRX drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for FOGLX and ALGRX.

Drawdown Indicators

	FOGLX	ALGRX	Difference
Max Drawdown Largest peak-to-trough decline	-22.47%	-62.64%	+40.17%
Max Drawdown (1Y) Largest decline over 1 year	-5.55%	-17.55%	+12.00%
Max Drawdown (3Y) Largest decline over 3 years	-7.20%	-26.96%	+19.76%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-43.57%	+21.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.57%	—
Current Drawdown Current decline from peak	-1.63%	-7.99%	+6.36%
Average Drawdown Average peak-to-trough decline	-4.37%	-18.73%	+14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	5.59%	-4.23%

Volatility

FOGLX vs. ALGRX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2020 Fund Class Z6 (FOGLX) is 2.35%, while Alger Focus Equity Fund Class I (ALGRX) has a volatility of 8.31%. This indicates that FOGLX experiences smaller price fluctuations and is considered to be less risky than ALGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOGLX	ALGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	8.31%	-5.96%
Volatility (6M) Calculated over the trailing 6-month period	6.71%	19.09%	-12.38%
Volatility (1Y) Calculated over the trailing 1-year period	7.75%	24.15%	-16.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.15%	26.69%	-17.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.37%	24.23%	-14.86%

FOGLX vs. ALGRX - Expense Ratio Comparison

FOGLX has a 0.42% expense ratio, which is lower than ALGRX's 0.95% expense ratio.

Dividends

FOGLX vs. ALGRX - Dividend Comparison

FOGLX's dividend yield for the trailing twelve months is around 8.29%, more than ALGRX's 7.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALGRX Alger Focus Equity Fund Class I	7.21%	7.84%	0.00%	0.10%	0.06%	13.98%	6.25%	2.08%	5.38%	0.00%
FOGLX Fidelity Advisor Freedom 2020 Fund Class Z6	8.29%	8.23%	8.93%	2.68%	9.30%	11.10%	7.27%	7.11%	9.89%	4.63%

Frequently Asked Questions

Can I hold both FOGLX and ALGRX in my portfolio?

FOGLX and ALGRX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOGLX or ALGRX?

ALGRX has higher volatility (8.31%) compared to FOGLX (2.35%). In terms of maximum drawdown, FOGLX dropped -22.47% vs ALGRX's -62.64%.

Which has better risk-adjusted returns?

FOGLX currently has the higher Sharpe Ratio (1.45 vs 1.01), 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.