FVGLX vs. URFFX

Last updated Aug 1, 2026

FVGLX (Fidelity Advisor Freedom 2050 Fund Class Z6) and URFFX (USAA Target Retirement 2050 Fund) are both Target Retirement Date funds. Over the past 5 years, FVGLX returned 9.54%/yr vs 9.38%/yr for URFFX. Their 0.97 correlation means they have historically moved very closely together. FVGLX charges 0.50%/yr vs 0.58%/yr for URFFX.

Performance

FVGLX vs. URFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2050 Fund Class Z6 (FVGLX) and USAA Target Retirement 2050 Fund (URFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVGLX achieves a 10.66% return, which is significantly lower than URFFX's 13.05% 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%

URFFX

• 1D: 1.41%
• 1M: 0.64%
• 6M: 9.62%
• YTD: 13.05%
• 1Y: 24.29%
• 3Y*: 16.22%
• 5Y*: 9.38%
• 10Y*: 10.12%
• ALL TIME*: 8.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FVGLX Fidelity Advisor Freedom 2050 Fund Class Z6	$0.00	$0.00	$0.00
URFFX USAA Target Retirement 2050 Fund	$0.00	$0.00	$0.00

FVGLX vs. URFFX - 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%
URFFX USAA Target Retirement 2050 Fund	13.05%	19.35%	11.86%	18.12%	-15.66%	17.70%	10.52%	20.16%	-9.01%	8.68%

Correlation

The correlation between FVGLX and URFFX is 0.97 - 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.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.97

The correlation between FVGLX and URFFX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

FVGLX vs. URFFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FVGLX

FVGLX Risk / Return Rank: 55
FVGLX Sharpe Ratio Rank: 51
FVGLX Sortino Ratio Rank: 49
FVGLX Omega Ratio Rank: 51
FVGLX Calmar Ratio Rank: 57
FVGLX Martin Ratio Rank: 66

URFFX

URFFX Risk / Return Rank: 83
URFFX Sharpe Ratio Rank: 81
URFFX Sortino Ratio Rank: 78
URFFX Omega Ratio Rank: 78
URFFX Calmar Ratio Rank: 84
URFFX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FVGLX vs. URFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2050 Fund Class Z6 (FVGLX) and USAA Target Retirement 2050 Fund (URFFX). 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	URFFX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.91	-0.48
Sortino ratio: Return per unit of downside risk	2.03	2.69	-0.67
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	2.09	2.87	-0.78
Martin ratio: Return relative to average drawdown	8.61	12.30	-3.69

FVGLX vs. URFFX - Sharpe Ratio Comparison

The current FVGLX Sharpe Ratio is 1.43, which is comparable to the URFFX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FVGLX and URFFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FVGLX vs. URFFX - Drawdown Comparison

The maximum FVGLX drawdown since its inception was -31.23%, smaller than the maximum URFFX drawdown of -44.25%. Use the drawdown chart below to compare losses from any high point for FVGLX and URFFX.

Drawdown Indicators

	FVGLX	URFFX	Difference
Max Drawdown Largest peak-to-trough decline	-31.23%	-44.25%	+13.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.74%	-7.89%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	-15.07%	-14.14%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-27.17%	-23.76%	-3.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.97%	—
Current Drawdown Current decline from peak	-2.42%	-0.17%	-2.25%
Average Drawdown Average peak-to-trough decline	-5.39%	-5.88%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	1.84%	+0.52%

Volatility

FVGLX vs. URFFX - Volatility Comparison

Fidelity Advisor Freedom 2050 Fund Class Z6 (FVGLX) has a higher volatility of 4.43% compared to USAA Target Retirement 2050 Fund (URFFX) at 2.93%. This indicates that FVGLX's price experiences larger fluctuations and is considered to be riskier than URFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVGLX	URFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	2.93%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	9.82%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	11.86%	+2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	13.97%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	14.33%	+1.73%

FVGLX vs. URFFX - Expense Ratio Comparison

FVGLX has a 0.50% expense ratio, which is lower than URFFX's 0.58% expense ratio.

Dividends

FVGLX vs. URFFX - Dividend Comparison

FVGLX's dividend yield for the trailing twelve months is around 6.94%, more than URFFX's 5.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
URFFX USAA Target Retirement 2050 Fund	5.72%	6.46%	2.61%	3.39%	11.40%	8.13%	6.25%	11.76%	10.21%	5.55%	3.91%	2.57%

Frequently Asked Questions

Can I hold both FVGLX and URFFX in my portfolio?

With a correlation of 0.97, FVGLX and URFFX 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, FVGLX or URFFX?

FVGLX has higher volatility (4.43%) compared to URFFX (2.93%). In terms of maximum drawdown, FVGLX dropped -31.23% vs URFFX's -44.25%.

Which has better risk-adjusted returns?

URFFX currently has the higher Sharpe Ratio (1.91 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.