FVGLX vs. FFOPX
FVGLX (Fidelity Advisor Freedom 2050 Fund Class Z6) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FVGLX returned 9.54%/yr vs 9.27%/yr for FFOPX. Their 0.99 correlation means they have historically moved very closely together. FVGLX charges 0.50%/yr vs 0.08%/yr for FFOPX.
Performance
FVGLX vs. FFOPX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FVGLX having a 10.66% return and FFOPX slightly lower at 10.27%.
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%
FFOPX
- 1D
- 1.95%
- 1M
- -0.50%
- 6M
- 7.18%
- YTD
- 10.27%
- 1Y
- 21.84%
- 3Y*
- 16.47%
- 5Y*
- 9.27%
- 10Y*
- 11.40%
- ALL TIME*
- 10.48%
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. FFOPX - 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% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 10.27% | 21.41% | 14.20% | 19.97% | -18.20% | 15.98% | 16.55% | 26.00% | -7.19% | 9.61% |
Correlation
The correlation between FVGLX and FFOPX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.99 |
The correlation between FVGLX and FFOPX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FVGLX vs. FFOPX — Risk / Return Rank
FVGLX
FFOPX
FVGLX vs. FFOPX - 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 Index 2050 Fund Institutional Premium Class (FFOPX). 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 | FFOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.25 | -0.16 |
| Martin ratioReturn relative to average drawdown | 8.61 | 9.32 | -0.71 |
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Drawdowns
FVGLX vs. FFOPX - Drawdown Comparison
The maximum FVGLX drawdown since its inception was -31.23%, roughly equal to the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FVGLX and FFOPX.
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Drawdown Indicators
| FVGLX | FFOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.23% | -30.71% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -8.97% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -14.72% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -26.18% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.71% | — |
Current DrawdownCurrent decline from peak | -2.42% | -1.96% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.63% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.16% | +0.20% |
Volatility
FVGLX vs. FFOPX - Volatility Comparison
Fidelity Advisor Freedom 2050 Fund Class Z6 (FVGLX) has a higher volatility of 4.43% compared to Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) at 3.76%. This indicates that FVGLX's price experiences larger fluctuations and is considered to be riskier than FFOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVGLX | FFOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 3.76% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 10.77% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 12.81% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 14.57% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 15.16% | +0.90% |
FVGLX vs. FFOPX - Expense Ratio Comparison
FVGLX has a 0.50% expense ratio, which is higher than FFOPX's 0.08% expense ratio.
Dividends
FVGLX vs. FFOPX - Dividend Comparison
FVGLX's dividend yield for the trailing twelve months is around 6.94%, more than FFOPX's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.81% | 2.01% | 2.04% | 1.98% | 2.07% | 2.05% | 1.97% | 15.21% | 2.32% | 2.09% | 2.14% | 2.01% |
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
With a correlation of 0.99, FVGLX and FFOPX 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.
FVGLX has higher volatility (4.43%) compared to FFOPX (3.76%). In terms of maximum drawdown, FVGLX dropped -31.23% vs FFOPX's -30.71%.
FFOPX 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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