FVGLX vs. FFFAX
FVGLX (Fidelity Advisor Freedom 2050 Fund Class Z6) and FFFAX (Fidelity Freedom Income Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FVGLX returned 9.54%/yr vs 2.80%/yr for FFFAX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FVGLX charges 0.50%/yr vs 0.47%/yr for FFFAX.
Performance
FVGLX vs. FFFAX - Performance Comparison
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Returns By Period
In the year-to-date period, FVGLX achieves a 10.66% return, which is significantly higher than FFFAX's 3.85% return.
FVGLX
- 1D
- 2.29%
- 1M
- -1.14%
- 6M
- 6.90%
- YTD
- 10.66%
- 1Y
- 21.92%
- 3Y*
- 17.27%
- 5Y*
- 9.54%
- 10Y*
- —
- ALL TIME*
- 11.39%
FFFAX
- 1D
- 0.69%
- 1M
- -0.67%
- 6M
- 2.49%
- YTD
- 3.85%
- 1Y
- 7.92%
- 3Y*
- 7.26%
- 5Y*
- 2.80%
- 10Y*
- 4.25%
- ALL TIME*
- 4.57%
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 |
FVGLX vs. FFFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVGLX Fidelity Advisor Freedom 2050 Fund Class Z6 | 10.66% | 23.42% | 13.93% | 19.57% | -17.91% | 16.30% | 17.89% | 26.94% | -8.02% | 9.42% |
FFFAX Fidelity Freedom Income Fund | 3.85% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -1.99% | 3.36% |
Correlation
The correlation between FVGLX and FFFAX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.74 |
The correlation between FVGLX and FFFAX shifts across timeframes, from 0.74 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FVGLX vs. FFFAX — Risk / Return Rank
FVGLX
FFFAX
FVGLX vs. FFFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2050 Fund Class Z6 (FVGLX) and Fidelity Freedom Income Fund (FFFAX). 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.
| FVGLX | FFFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.23 | -0.14 |
| Martin ratioReturn relative to average drawdown | 8.61 | 9.08 | -0.47 |
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Drawdowns
FVGLX vs. FFFAX - Drawdown Comparison
The maximum FVGLX drawdown since its inception was -31.23%, which is greater than FFFAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for FVGLX and FFFAX.
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Drawdown Indicators
| FVGLX | FFFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.23% | -17.96% | -13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -3.68% | -6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -4.04% | -11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -15.87% | -11.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.87% | — |
Current DrawdownCurrent decline from peak | -2.42% | -1.18% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -1.79% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 0.90% | +1.46% |
Volatility
FVGLX vs. FFFAX - Volatility Comparison
Fidelity Advisor Freedom 2050 Fund Class Z6 (FVGLX) has a higher volatility of 4.43% compared to Fidelity Freedom Income Fund (FFFAX) at 1.67%. This indicates that FVGLX's price experiences larger fluctuations and is considered to be riskier than FFFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVGLX | FFFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 1.67% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 4.61% | +7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 5.21% | +9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 5.51% | +9.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 4.69% | +11.37% |
FVGLX vs. FFFAX - Expense Ratio Comparison
FVGLX has a 0.50% expense ratio, which is higher than FFFAX's 0.47% expense ratio.
Dividends
FVGLX vs. FFFAX - Dividend Comparison
FVGLX's dividend yield for the trailing twelve months is around 6.94%, more than FFFAX's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 2.64% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
FVGLX Fidelity Advisor Freedom 2050 Fund Class Z6 | 6.94% | 6.17% | 1.91% | 1.67% | 11.06% | 9.69% | 5.54% | 7.22% | 11.92% | 3.36% | 0.00% | 0.00% |
Frequently Asked Questions
FVGLX and FFFAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FVGLX has higher volatility (4.43%) compared to FFFAX (1.67%). In terms of maximum drawdown, FVGLX dropped -31.23% vs FFFAX's -17.96%.
FFFAX currently has the higher Sharpe Ratio (1.58 vs 1.43), 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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