FPIFX vs. AACTX
FPIFX (Fidelity Freedom Index 2020 Fund Investor Class) and AACTX (American Funds 2020 Target Date Retirement Fund) are both Target Retirement Date funds. Over the past 10 years, FPIFX returned 6.89%/yr vs 6.93%/yr for AACTX. Their 0.96 correlation means they have historically moved very closely together. FPIFX charges 0.12%/yr vs 0.33%/yr for AACTX.
Performance
FPIFX vs. AACTX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FPIFX having a 4.86% return and AACTX slightly lower at 4.80%. Both investments have delivered pretty close results over the past 10 years, with FPIFX having a 6.89% annualized return and AACTX not far ahead at 6.93%.
FPIFX
- 1D
- 0.00%
- 1M
- -0.57%
- 6M
- 3.20%
- YTD
- 4.86%
- 1Y
- 11.09%
- 3Y*
- 9.88%
- 5Y*
- 4.31%
- 10Y*
- 6.89%
- ALL TIME*
- 6.83%
AACTX
- 1D
- 0.07%
- 1M
- -0.13%
- 6M
- 2.91%
- YTD
- 4.80%
- 1Y
- 10.63%
- 3Y*
- 10.54%
- 5Y*
- 5.44%
- 10Y*
- 6.93%
- ALL TIME*
- 5.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FPIFX vs. AACTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 4.86% | 13.34% | 7.68% | 12.73% | -15.94% | 8.42% | 12.72% | 18.11% | -3.85% | 13.90% |
AACTX American Funds 2020 Target Date Retirement Fund | 4.80% | 13.91% | 8.63% | 10.06% | -11.29% | 10.28% | 10.61% | 15.25% | -3.03% | 12.46% |
Correlation
The correlation between FPIFX and AACTX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2009 | 0.96 |
The correlation between FPIFX and AACTX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
FPIFX vs. AACTX — Risk / Return Rank
FPIFX
AACTX
FPIFX vs. AACTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and American Funds 2020 Target Date Retirement Fund (AACTX). 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.
| FPIFX | AACTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.07 | +0.09 |
| Martin ratioReturn relative to average drawdown | 8.93 | 9.00 | -0.07 |
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Drawdowns
FPIFX vs. AACTX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, smaller than the maximum AACTX drawdown of -46.28%. Use the drawdown chart below to compare losses from any high point for FPIFX and AACTX.
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Drawdown Indicators
| FPIFX | AACTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -46.28% | +24.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -5.12% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -6.88% | -6.06% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -17.18% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -21.59% | -17.18% | -4.41% |
Current DrawdownCurrent decline from peak | -1.29% | -0.40% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -5.49% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.18% | +0.06% |
Volatility
FPIFX vs. AACTX - Volatility Comparison
Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) has a higher volatility of 1.95% compared to American Funds 2020 Target Date Retirement Fund (AACTX) at 1.30%. This indicates that FPIFX's price experiences larger fluctuations and is considered to be riskier than AACTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPIFX | AACTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 1.30% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 4.74% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 5.89% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 7.50% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 7.72% | +1.07% |
FPIFX vs. AACTX - Expense Ratio Comparison
FPIFX has a 0.12% expense ratio, which is lower than AACTX's 0.33% expense ratio.
Dividends
FPIFX vs. AACTX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 5.86%, less than AACTX's 7.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AACTX American Funds 2020 Target Date Retirement Fund | 7.45% | 7.80% | 5.18% | 3.25% | 3.95% | 6.30% | 4.22% | 3.96% | 4.16% | 2.52% | 2.99% | 4.12% |
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 5.86% | 5.95% | 5.83% | 2.42% | 2.95% | 2.67% | 2.54% | 17.42% | 2.50% | 1.85% | 1.83% | 1.91% |
Frequently Asked Questions
With a correlation of 0.95, FPIFX and AACTX 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.
FPIFX has higher volatility (1.95%) compared to AACTX (1.30%). In terms of maximum drawdown, FPIFX dropped -21.59% vs AACTX's -46.28%.
AACTX currently has the higher Sharpe Ratio (1.80 vs 1.62), 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.
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