FQIFX vs. AOK
FQIFX (Fidelity Freedom Index 2025 Fund Investor Class) and AOK (iShares Core Conservative Allocation ETF) are both funds - FQIFX is a Target Retirement Date fund managed by Fidelity, while AOK is a Diversified Portfolio fund tracking the S&P Target Risk Conservative Index. Over the past 10 years, FQIFX returned 8.00%/yr vs 5.14%/yr for AOK. Their correlation of 0.87 suggests significant overlap in exposure. FQIFX charges 0.12%/yr vs 0.25%/yr for AOK.
Performance
FQIFX vs. AOK - Performance Comparison
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Returns By Period
In the year-to-date period, FQIFX achieves a 7.23% return, which is significantly higher than AOK's 4.26% return. Over the past 10 years, FQIFX has outperformed AOK with an annualized return of 8.00%, while AOK has yielded a comparatively lower 5.14% annualized return.
FQIFX
- 1D
- 0.28%
- 1M
- 3.27%
- YTD
- 7.23%
- 6M
- 7.55%
- 1Y
- 17.89%
- 3Y*
- 12.56%
- 5Y*
- 5.74%
- 10Y*
- 8.00%
AOK
- 1D
- -0.41%
- 1M
- 1.66%
- YTD
- 4.26%
- 6M
- 4.14%
- 1Y
- 12.11%
- 3Y*
- 9.28%
- 5Y*
- 3.71%
- 10Y*
- 5.14%
FQIFX vs. AOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FQIFX Fidelity Freedom Index 2025 Fund Investor Class | 7.23% | 14.84% | 8.49% | 13.88% | -16.54% | 9.52% | 13.56% | 19.63% | -4.51% | 15.15% |
AOK iShares Core Conservative Allocation ETF | 4.26% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.33% | 13.90% | -3.09% | 9.70% |
Correlation
The correlation between FQIFX and AOK is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | 0.87 |
The correlation between FQIFX and AOK has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
FQIFX vs. AOK — Risk / Return Rank
FQIFX
AOK
FQIFX vs. AOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) and iShares Core Conservative Allocation ETF (AOK). 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.
| FQIFX | AOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.70 | +0.31 |
| Martin ratioReturn relative to average drawdown | 13.31 | 11.50 | +1.81 |
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
| FQIFX | AOK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.11 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.53 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.77 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.71 | +0.02 |
Drawdowns
FQIFX vs. AOK - Drawdown Comparison
The maximum FQIFX drawdown since its inception was -22.66%, which is greater than AOK's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for FQIFX and AOK.
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Drawdown Indicators
| FQIFX | AOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -18.94% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -4.50% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -6.37% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.66% | -18.94% | -3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -22.66% | -18.94% | -3.72% |
Current DrawdownCurrent decline from peak | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -2.37% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.06% | +0.29% |
Volatility
FQIFX vs. AOK - Volatility Comparison
Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) has a higher volatility of 2.46% compared to iShares Core Conservative Allocation ETF (AOK) at 1.97%. This indicates that FQIFX's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQIFX | AOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 1.97% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 4.47% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.30% | 5.76% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.55% | 7.10% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.90% | 6.71% | +3.19% |
FQIFX vs. AOK - Expense Ratio Comparison
FQIFX has a 0.12% expense ratio, which is lower than AOK's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FQIFX vs. AOK - Dividend Comparison
FQIFX's dividend yield for the trailing twelve months is around 4.31%, more than AOK's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 3.28% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
FQIFX Fidelity Freedom Index 2025 Fund Investor Class | 4.31% | 4.92% | 3.36% | 2.37% | 2.64% | 2.10% | 2.38% | 13.76% | 2.31% | 1.83% | 1.88% | 1.93% |
Frequently Asked Questions
With a correlation of 0.94, FQIFX and AOK 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.
FQIFX has higher volatility (2.46%) compared to AOK (1.97%). In terms of maximum drawdown, FQIFX dropped -22.66% vs AOK's -18.94%.
FQIFX currently has the higher Sharpe Ratio (2.47 vs 2.11), 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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