FTLSX vs. PBPNX

Last updated Jun 4, 2026

FTLSX (Fidelity Flex Freedom Blend Income Fund) and PBPNX (PIMCO RealPath Blend 2030 Fund) are both Target Retirement Date funds. Over the past 5 years, FTLSX returned 3.53%/yr vs 5.99%/yr for PBPNX. Their correlation of 0.83 suggests significant overlap in exposure. FTLSX charges 0.00%/yr vs 0.04%/yr for PBPNX.

Performance

FTLSX vs. PBPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Freedom Blend Income Fund (FTLSX) and PIMCO RealPath Blend 2030 Fund (PBPNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTLSX achieves a 5.19% return, which is significantly lower than PBPNX's 7.63% return.

FTLSX

• 1D: 0.28%
• 1M: 1.89%
• YTD: 5.19%
• 6M: 5.44%
• 1Y: 12.01%
• 3Y*: 8.36%
• 5Y*: 3.53%
• 10Y*: —

PBPNX

• 1D: 0.26%
• 1M: 3.20%
• YTD: 7.63%
• 6M: 7.89%
• 1Y: 19.14%
• 3Y*: 12.75%
• 5Y*: 5.99%
• 10Y*: 8.59%

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

FTLSX vs. PBPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTLSX Fidelity Flex Freedom Blend Income Fund	5.19%	10.31%	4.72%	8.60%	-11.33%	3.30%	9.04%	10.97%	-1.40%	3.61%
PBPNX PIMCO RealPath Blend 2030 Fund	7.63%	15.13%	7.96%	14.66%	-17.47%	12.97%	14.28%	21.31%	-6.26%	8.48%

Correlation

The correlation between FTLSX and PBPNX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.83

The correlation between FTLSX and PBPNX has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

Return for Risk

FTLSX vs. PBPNX — Risk / Return Rank

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

FTLSX

FTLSX Risk / Return Rank: 80
FTLSX Sharpe Ratio Rank: 82
FTLSX Sortino Ratio Rank: 84
FTLSX Omega Ratio Rank: 83
FTLSX Calmar Ratio Rank: 72
FTLSX Martin Ratio Rank: 78

PBPNX

PBPNX Risk / Return Rank: 72
PBPNX Sharpe Ratio Rank: 78
PBPNX Sortino Ratio Rank: 74
PBPNX Omega Ratio Rank: 76
PBPNX Calmar Ratio Rank: 63
PBPNX Martin Ratio Rank: 71

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. PBPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend Income Fund (FTLSX) and PIMCO RealPath Blend 2030 Fund (PBPNX). 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	PBPNX	Difference
Sharpe ratio Return per unit of total volatility	2.67	2.56	+0.10
Sortino ratio Return per unit of downside risk	3.98	3.62	+0.36
Omega ratio Gain probability vs. loss probability	1.55	1.50	+0.05
Calmar ratio Return relative to maximum drawdown	3.32	3.06	+0.26
Martin ratio Return relative to average drawdown	14.65	13.65	+1.00
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. PBPNX - Sharpe Ratio Comparison

The current FTLSX Sharpe Ratio is 2.67, which is comparable to the PBPNX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of FTLSX and PBPNX, 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	PBPNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.56	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.59	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.73	+0.23

Drawdowns

FTLSX vs. PBPNX - Drawdown Comparison

The maximum FTLSX drawdown since its inception was -15.74%, smaller than the maximum PBPNX drawdown of -24.09%. Use the drawdown chart below to compare losses from any high point for FTLSX and PBPNX.

Drawdown Indicators

	FTLSX	PBPNX	Difference
Max Drawdown Largest peak-to-trough decline	-15.74%	-24.09%	+8.35%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	-6.35%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-4.83%	-9.39%	+4.56%
Max Drawdown (5Y) Largest decline over 5 years	-15.74%	-23.90%	+8.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.09%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.81%	-4.36%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.42%	-0.60%

Volatility

FTLSX vs. PBPNX - Volatility Comparison

The current volatility for Fidelity Flex Freedom Blend Income Fund (FTLSX) is 1.79%, while PIMCO RealPath Blend 2030 Fund (PBPNX) has a volatility of 2.57%. This indicates that FTLSX experiences smaller price fluctuations and is considered to be less risky than PBPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTLSX	PBPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	2.57%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	3.80%	6.13%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	4.54%	7.56%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	10.16%	-4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.78%	10.61%	-5.83%

FTLSX vs. PBPNX - Expense Ratio Comparison

FTLSX has a 0.00% expense ratio, which is lower than PBPNX's 0.04% 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. PBPNX - Dividend Comparison

FTLSX's dividend yield for the trailing twelve months is around 3.53%, less than PBPNX's 3.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTLSX Fidelity Flex Freedom Blend Income Fund	3.53%	3.68%	3.37%	3.19%	5.28%	4.91%	3.06%	4.44%	4.26%	1.97%	0.00%	0.00%
PBPNX PIMCO RealPath Blend 2030 Fund	3.68%	4.05%	4.02%	3.30%	3.84%	5.10%	3.21%	3.81%	4.68%	2.14%	3.11%	2.62%

Frequently Asked Questions

Can I hold both FTLSX and PBPNX in my portfolio?

With a correlation of 0.93, FTLSX and PBPNX 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, FTLSX or PBPNX?

PBPNX has higher volatility (2.57%) compared to FTLSX (1.79%). In terms of maximum drawdown, FTLSX dropped -15.74% vs PBPNX's -24.09%.

Which has better risk-adjusted returns?

FTLSX currently has the higher Sharpe Ratio (2.67 vs 2.56), 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.