FPIFX vs. VTINX
FPIFX (Fidelity Freedom Index 2020 Fund Investor Class) and VTINX (Vanguard Target Retirement Income Fund) are both mutual funds - FPIFX is a Target Retirement Date fund managed by Fidelity, while VTINX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, FPIFX returned 7.23%/yr vs 5.33%/yr for VTINX. Their correlation of 0.93 suggests significant overlap in exposure. FPIFX charges 0.12%/yr vs 0.08%/yr for VTINX.
Performance
FPIFX vs. VTINX - Performance Comparison
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Returns By Period
In the year-to-date period, FPIFX achieves a 6.23% return, which is significantly higher than VTINX's 4.69% return. Over the past 10 years, FPIFX has outperformed VTINX with an annualized return of 7.23%, while VTINX has yielded a comparatively lower 5.33% annualized return.
FPIFX
- 1D
- 0.17%
- 1M
- 2.70%
- YTD
- 6.23%
- 6M
- 6.50%
- 1Y
- 15.65%
- 3Y*
- 11.24%
- 5Y*
- 4.98%
- 10Y*
- 7.23%
VTINX
- 1D
- 0.14%
- 1M
- 2.12%
- YTD
- 4.69%
- 6M
- 4.90%
- 1Y
- 12.16%
- 3Y*
- 9.49%
- 5Y*
- 4.28%
- 10Y*
- 5.33%
FPIFX vs. VTINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 6.23% | 13.34% | 7.68% | 12.73% | -15.94% | 8.42% | 12.72% | 18.11% | -3.85% | 13.90% |
VTINX Vanguard Target Retirement Income Fund | 4.69% | 11.31% | 6.66% | 10.66% | -12.75% | 5.24% | 10.02% | 13.16% | -1.98% | 7.46% |
Correlation
The correlation between FPIFX and VTINX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2009 | 0.93 |
The correlation between FPIFX and VTINX has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
FPIFX vs. VTINX — Risk / Return Rank
FPIFX
VTINX
FPIFX vs. VTINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and Vanguard Target Retirement Income Fund (VTINX). 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.
| FPIFX | VTINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.97 | +0.12 |
| Martin ratioReturn relative to average drawdown | 13.61 | 13.09 | +0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPIFX | VTINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.52 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.71 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.93 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.93 | -0.14 |
Drawdowns
FPIFX vs. VTINX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, which is greater than VTINX's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for FPIFX and VTINX.
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Drawdown Indicators
| FPIFX | VTINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -19.96% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -4.14% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -7.84% | -5.26% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -17.02% | -4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -21.59% | -17.02% | -4.57% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -2.20% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.94% | +0.22% |
Volatility
FPIFX vs. VTINX - Volatility Comparison
Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) has a higher volatility of 2.15% compared to Vanguard Target Retirement Income Fund (VTINX) at 1.77%. This indicates that FPIFX's price experiences larger fluctuations and is considered to be riskier than VTINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPIFX | VTINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 1.77% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 4.02% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 4.88% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.55% | 6.07% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.82% | 5.73% | +3.09% |
FPIFX vs. VTINX - Expense Ratio Comparison
FPIFX has a 0.12% expense ratio, which is higher than VTINX'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
FPIFX vs. VTINX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 5.79%, more than VTINX's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 5.79% | 5.95% | 5.83% | 2.42% | 2.95% | 2.67% | 2.54% | 17.42% | 2.50% | 1.85% | 1.83% | 1.91% |
VTINX Vanguard Target Retirement Income Fund | 4.80% | 5.02% | 5.89% | 4.01% | 3.08% | 8.63% | 3.42% | 2.62% | 4.19% | 1.56% | 2.27% | 3.53% |
Frequently Asked Questions
With a correlation of 0.98, FPIFX and VTINX 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 (2.15%) compared to VTINX (1.77%). In terms of maximum drawdown, FPIFX dropped -21.59% vs VTINX's -19.96%.
FPIFX currently has the higher Sharpe Ratio (2.53 vs 2.52), 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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