FTLSX vs. USMV
FTLSX (Fidelity Flex Freedom Blend Income Fund) and USMV (iShares MSCI USA Min Vol Factor ETF) are both funds - FTLSX is a Target Retirement Date fund managed by Fidelity, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 5 years, FTLSX returned 3.52%/yr vs 7.10%/yr for USMV. A 0.56 correlation means they provide meaningful diversification when combined. FTLSX charges 0.00%/yr vs 0.15%/yr for USMV.
Performance
FTLSX vs. USMV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTLSX achieves a 5.30% return, which is significantly higher than USMV's 0.85% return.
FTLSX
- 1D
- 0.67%
- 1M
- 1.35%
- YTD
- 5.30%
- 6M
- 5.45%
- 1Y
- 11.51%
- 3Y*
- 8.12%
- 5Y*
- 3.52%
- 10Y*
- —
USMV
- 1D
- 0.04%
- 1M
- -2.38%
- YTD
- 0.85%
- 6M
- 0.25%
- 1Y
- 4.28%
- 3Y*
- 10.83%
- 5Y*
- 7.10%
- 10Y*
- 9.75%
FTLSX vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTLSX Fidelity Flex Freedom Blend Income Fund | 5.30% | 10.31% | 4.72% | 8.60% | -11.33% | 3.30% | 9.04% | 10.97% | -1.40% | 3.61% |
USMV iShares MSCI USA Min Vol Factor ETF | 0.85% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 7.74% |
Correlation
The correlation between FTLSX and USMV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.56 |
The correlation between FTLSX and USMV has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTLSX vs. USMV — Risk / Return Rank
FTLSX
USMV
FTLSX vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend Income Fund (FTLSX) and iShares MSCI USA Min Vol Factor ETF (USMV). 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.
| FTLSX | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.09 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 0.67 | +2.52 |
| Martin ratioReturn relative to average drawdown | 13.71 | 2.18 | +11.53 |
Loading charts...
Drawdowns
FTLSX vs. USMV - Drawdown Comparison
The maximum FTLSX drawdown since its inception was -15.74%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for FTLSX and USMV.
Loading charts...
Drawdown Indicators
| FTLSX | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.74% | -33.10% | +17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -6.46% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -4.83% | -9.36% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -17.93% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.10% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.91% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -2.87% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.97% | -1.13% |
Volatility
FTLSX vs. USMV - Volatility Comparison
The current volatility for Fidelity Flex Freedom Blend Income Fund (FTLSX) is 2.31%, while iShares MSCI USA Min Vol Factor ETF (USMV) has a volatility of 2.62%. This indicates that FTLSX experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTLSX | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 2.62% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 6.13% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 8.61% | -3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.50% | 12.36% | -6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.81% | 14.52% | -9.71% |
FTLSX vs. USMV - Expense Ratio Comparison
FTLSX has a 0.00% expense ratio, which is lower than USMV's 0.15% 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. USMV - Dividend Comparison
FTLSX's dividend yield for the trailing twelve months is around 3.51%, more than USMV's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLSX Fidelity Flex Freedom Blend Income Fund | 3.51% | 3.68% | 3.37% | 3.19% | 5.28% | 4.91% | 3.06% | 4.44% | 4.26% | 1.97% | 0.00% | 0.00% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.53% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
FTLSX and USMV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMV has higher volatility (2.62%) compared to FTLSX (2.31%). In terms of maximum drawdown, FTLSX dropped -15.74% vs USMV's -33.10%.
FTLSX currently has the higher Sharpe Ratio (2.36 vs 0.50), 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.
Find the right allocation for FTLSX and USMV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer