FRBVX vs. VSVNX

Last updated Jun 3, 2026

FRBVX (Fidelity Freedom Index 2070 Fund Investor Class) and VSVNX (Vanguard Target Retirement 2070 Fund) are both Target Retirement Date funds. Over the past year, FRBVX returned 28.43% vs 28.03% for VSVNX. With a 0.99 correlation, they move nearly in lockstep. FRBVX charges 0.12%/yr vs 0.08%/yr for VSVNX.

Performance

FRBVX vs. VSVNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2070 Fund Investor Class (FRBVX) and Vanguard Target Retirement 2070 Fund (VSVNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FRBVX having a 12.16% return and VSVNX slightly lower at 11.75%.

FRBVX

• 1D: 0.36%
• 1M: 4.69%
• YTD: 12.16%
• 6M: 13.41%
• 1Y: 28.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VSVNX

• 1D: 0.28%
• 1M: 4.43%
• YTD: 11.75%
• 6M: 13.07%
• 1Y: 28.03%
• 3Y*: 19.56%
• 5Y*: —
• 10Y*: —

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

FRBVX vs. VSVNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FRBVX Fidelity Freedom Index 2070 Fund Investor Class	12.16%	21.43%	1.95%
VSVNX Vanguard Target Retirement 2070 Fund	11.75%	21.43%	2.35%

Correlation

The correlation between FRBVX and VSVNX is 0.99 - 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	1.00
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.99

The correlation between FRBVX and VSVNX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

FRBVX vs. VSVNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRBVX

FRBVX Risk / Return Rank: 70
FRBVX Sharpe Ratio Rank: 74
FRBVX Sortino Ratio Rank: 68
FRBVX Omega Ratio Rank: 67
FRBVX Calmar Ratio Rank: 68
FRBVX Martin Ratio Rank: 75

VSVNX

VSVNX Risk / Return Rank: 72
VSVNX Sharpe Ratio Rank: 76
VSVNX Sortino Ratio Rank: 71
VSVNX Omega Ratio Rank: 69
VSVNX Calmar Ratio Rank: 69
VSVNX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRBVX vs. VSVNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2070 Fund Investor Class (FRBVX) and Vanguard Target Retirement 2070 Fund (VSVNX). 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.

	FRBVX	VSVNX	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.53	-0.03
Sortino ratio Return per unit of downside risk	3.44	3.50	-0.06
Omega ratio Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio Return relative to maximum drawdown	3.20	3.21	-0.01
Martin ratio Return relative to average drawdown	14.21	14.29	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRBVX vs. VSVNX - Sharpe Ratio Comparison

The current FRBVX Sharpe Ratio is 2.50, which is comparable to the VSVNX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FRBVX and VSVNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRBVX	VSVNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.53	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	1.33	+0.01

Drawdowns

FRBVX vs. VSVNX - Drawdown Comparison

The maximum FRBVX drawdown since its inception was -14.69%, roughly equal to the maximum VSVNX drawdown of -15.39%. Use the drawdown chart below to compare losses from any high point for FRBVX and VSVNX.

Drawdown Indicators

	FRBVX	VSVNX	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-15.39%	+0.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	-8.94%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.53%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.71%	-2.51%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.01%	+0.03%

Volatility

FRBVX vs. VSVNX - Volatility Comparison

Fidelity Freedom Index 2070 Fund Investor Class (FRBVX) has a higher volatility of 3.59% compared to Vanguard Target Retirement 2070 Fund (VSVNX) at 3.39%. This indicates that FRBVX's price experiences larger fluctuations and is considered to be riskier than VSVNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRBVX	VSVNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.39%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	9.09%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	11.43%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.23%	13.70%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.23%	13.70%	+0.53%

FRBVX vs. VSVNX - Expense Ratio Comparison

FRBVX has a 0.12% expense ratio, which is higher than VSVNX'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

FRBVX vs. VSVNX - Dividend Comparison

FRBVX's dividend yield for the trailing twelve months is around 1.45%, less than VSVNX's 1.63% yield.

Position	TTM	2025	2024	2023	2022
FRBVX Fidelity Freedom Index 2070 Fund Investor Class	1.45%	1.65%	1.37%	0.00%	0.00%
VSVNX Vanguard Target Retirement 2070 Fund	1.63%	1.82%	1.79%	1.57%	0.91%

Frequently Asked Questions

Can I hold both FRBVX and VSVNX in my portfolio?

With a correlation of 0.99, FRBVX and VSVNX 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.

Which is riskier, FRBVX or VSVNX?

FRBVX has higher volatility (3.59%) compared to VSVNX (3.39%). In terms of maximum drawdown, FRBVX dropped -14.69% vs VSVNX's -15.39%.

Which has better risk-adjusted returns?

VSVNX currently has the higher Sharpe Ratio (2.53 vs 2.50), 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.