FTLSX vs. MURNX

Last updated Jun 3, 2026

FTLSX (Fidelity Flex Freedom Blend Income Fund) and MURNX (Mutual of America Investment Corporation - 2050 Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, FTLSX returned 3.41%/yr vs 8.31%/yr for MURNX. A 0.59 correlation means they provide meaningful diversification when combined. FTLSX charges 0.00%/yr vs 0.08%/yr for MURNX.

Performance

FTLSX vs. MURNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Freedom Blend Income Fund (FTLSX) and Mutual of America Investment Corporation - 2050 Retirement Fund (MURNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTLSX achieves a 4.89% return, which is significantly lower than MURNX's 9.49% return.

FTLSX

• 1D: 0.00%
• 1M: 1.40%
• YTD: 4.89%
• 6M: 5.45%
• 1Y: 11.69%
• 3Y*: 8.26%
• 5Y*: 3.41%
• 10Y*: —

MURNX

• 1D: 0.05%
• 1M: 3.20%
• YTD: 9.49%
• 6M: 10.36%
• 1Y: 23.80%
• 3Y*: 16.54%
• 5Y*: 8.31%
• 10Y*: —

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

FTLSX vs. MURNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FTLSX Fidelity Flex Freedom Blend Income Fund	4.89%	10.31%	4.72%	8.60%	-11.33%	3.30%	8.72%
MURNX Mutual of America Investment Corporation - 2050 Retirement Fund	9.49%	17.89%	14.37%	15.78%	-16.25%	17.85%	918.18%

Correlation

The correlation between FTLSX and MURNX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 3, 2020	0.59

The correlation between FTLSX and MURNX shifts across timeframes, from 0.59 (5 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FTLSX vs. MURNX — Risk / Return Rank

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

FTLSX

FTLSX Risk / Return Rank: 78
FTLSX Sharpe Ratio Rank: 80
FTLSX Sortino Ratio Rank: 82
FTLSX Omega Ratio Rank: 81
FTLSX Calmar Ratio Rank: 72
FTLSX Martin Ratio Rank: 77

MURNX

MURNX Risk / Return Rank: 72
MURNX Sharpe Ratio Rank: 64
MURNX Sortino Ratio Rank: 68
MURNX Omega Ratio Rank: 59
MURNX Calmar Ratio Rank: 81
MURNX Martin Ratio Rank: 91

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.

FTLSX vs. MURNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend Income Fund (FTLSX) and Mutual of America Investment Corporation - 2050 Retirement Fund (MURNX). 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.

	FTLSX	MURNX	Difference
Sharpe ratio Return per unit of total volatility	2.60	2.34	+0.26
Sortino ratio Return per unit of downside risk	3.88	3.43	+0.45
Omega ratio Gain probability vs. loss probability	1.54	1.43	+0.11
Calmar ratio Return relative to maximum drawdown	3.30	3.74	-0.44
Martin ratio Return relative to average drawdown	14.62	18.50	-3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTLSX vs. MURNX - Sharpe Ratio Comparison

The current FTLSX Sharpe Ratio is 2.60, which is comparable to the MURNX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FTLSX and MURNX, 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

	FTLSX	MURNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.34	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.54	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.17	+0.79

Drawdowns

FTLSX vs. MURNX - Drawdown Comparison

The maximum FTLSX drawdown since its inception was -15.74%, smaller than the maximum MURNX drawdown of -32.96%. Use the drawdown chart below to compare losses from any high point for FTLSX and MURNX.

Drawdown Indicators

	FTLSX	MURNX	Difference
Max Drawdown Largest peak-to-trough decline	-15.74%	-32.96%	+17.22%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	-8.50%	+4.85%
Max Drawdown (3Y) Largest decline over 3 years	-4.83%	-15.36%	+10.53%
Max Drawdown (5Y) Largest decline over 5 years	-15.74%	-23.75%	+8.01%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.81%	-5.51%	+2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.72%	-0.90%

Volatility

FTLSX vs. MURNX - Volatility Comparison

The current volatility for Fidelity Flex Freedom Blend Income Fund (FTLSX) is 1.78%, while Mutual of America Investment Corporation - 2050 Retirement Fund (MURNX) has a volatility of 3.27%. This indicates that FTLSX experiences smaller price fluctuations and is considered to be less risky than MURNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTLSX	MURNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	3.27%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	3.80%	9.43%	-5.63%
Volatility (1Y) Calculated over the trailing 1-year period	4.55%	11.72%	-7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	17.22%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.78%	381.94%	-377.16%

FTLSX vs. MURNX - Expense Ratio Comparison

FTLSX has a 0.00% expense ratio, which is lower than MURNX's 0.08% 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

FTLSX vs. MURNX - Dividend Comparison

FTLSX's dividend yield for the trailing twelve months is around 3.55%, less than MURNX's 8.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTLSX Fidelity Flex Freedom Blend Income Fund	3.55%	3.68%	3.37%	3.19%	5.28%	4.91%	3.06%	4.44%	4.26%	1.97%
MURNX Mutual of America Investment Corporation - 2050 Retirement Fund	8.50%	9.30%	6.49%	3.56%	11.26%	3.72%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTLSX and MURNX in my portfolio?

FTLSX and MURNX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTLSX or MURNX?

MURNX has higher volatility (3.27%) compared to FTLSX (1.78%). In terms of maximum drawdown, FTLSX dropped -15.74% vs MURNX's -32.96%.

Which has better risk-adjusted returns?

FTLSX currently has the higher Sharpe Ratio (2.60 vs 2.34), 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.