FQIPX vs. PPLIX
FQIPX (Fidelity Freedom Index 2045 Premier) and PPLIX (Principal LifeTime 2050 Fund) are both Target Retirement Date funds. Over the past 5 years, FQIPX returned 9.71%/yr vs 8.96%/yr for PPLIX. Their 0.98 correlation means they have historically moved very closely together. FQIPX charges 0.05%/yr vs 0.01%/yr for PPLIX.
Performance
FQIPX vs. PPLIX - Performance Comparison
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Returns By Period
In the year-to-date period, FQIPX achieves a 10.14% return, which is significantly higher than PPLIX's 8.51% return.
FQIPX
- 1D
- 1.92%
- 1M
- -0.47%
- 6M
- 7.09%
- YTD
- 10.14%
- 1Y
- 21.69%
- 3Y*
- 17.23%
- 5Y*
- 9.71%
- 10Y*
- —
- ALL TIME*
- 13.74%
PPLIX
- 1D
- 1.66%
- 1M
- 0.41%
- 6M
- 5.71%
- YTD
- 8.51%
- 1Y
- 17.70%
- 3Y*
- 16.52%
- 5Y*
- 8.96%
- 10Y*
- 11.26%
- ALL TIME*
- 7.57%
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 |
FQIPX vs. PPLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FQIPX Fidelity Freedom Index 2045 Premier | 10.14% | 21.43% | 16.55% | 19.98% | -18.13% | 15.95% | 23.50% |
PPLIX Principal LifeTime 2050 Fund | 8.51% | 17.55% | 19.12% | 20.36% | -18.78% | 17.04% | 21.64% |
Correlation
The correlation between FQIPX and PPLIX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020 | 0.98 |
The correlation between FQIPX and PPLIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FQIPX vs. PPLIX — Risk / Return Rank
FQIPX
PPLIX
FQIPX vs. PPLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Premier (FQIPX) and Principal LifeTime 2050 Fund (PPLIX). 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.
| FQIPX | PPLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.83 | +0.44 |
| Martin ratioReturn relative to average drawdown | 9.37 | 7.85 | +1.52 |
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Drawdowns
FQIPX vs. PPLIX - Drawdown Comparison
The maximum FQIPX drawdown since its inception was -26.16%, smaller than the maximum PPLIX drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for FQIPX and PPLIX.
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Drawdown Indicators
| FQIPX | PPLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.16% | -55.61% | +29.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -8.57% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -15.59% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | -26.85% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.67% | — |
Current DrawdownCurrent decline from peak | -1.91% | -0.86% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -8.26% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.00% | +0.14% |
Volatility
FQIPX vs. PPLIX - Volatility Comparison
Fidelity Freedom Index 2045 Premier (FQIPX) has a higher volatility of 3.71% compared to Principal LifeTime 2050 Fund (PPLIX) at 3.39%. This indicates that FQIPX's price experiences larger fluctuations and is considered to be riskier than PPLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQIPX | PPLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 3.39% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 10.35% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 12.57% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 15.60% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 15.55% | -1.31% |
FQIPX vs. PPLIX - Expense Ratio Comparison
FQIPX has a 0.05% expense ratio, which is higher than PPLIX's 0.01% 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
FQIPX vs. PPLIX - Dividend Comparison
FQIPX's dividend yield for the trailing twelve months is around 1.99%, less than PPLIX's 9.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQIPX Fidelity Freedom Index 2045 Premier | 1.99% | 2.08% | 4.09% | 2.00% | 2.10% | 2.05% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PPLIX Principal LifeTime 2050 Fund | 9.17% | 9.95% | 11.56% | 4.41% | 9.40% | 8.04% | 5.23% | 7.16% | 8.64% | 5.12% | 4.82% | 6.07% |
Frequently Asked Questions
With a correlation of 0.98, FQIPX and PPLIX 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.
FQIPX has higher volatility (3.71%) compared to PPLIX (3.39%). In terms of maximum drawdown, FQIPX dropped -26.16% vs PPLIX's -55.61%.
FQIPX currently has the higher Sharpe Ratio (1.58 vs 1.25), 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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