FVTKX vs. FUIPX

Last updated Jun 4, 2026

FVTKX (Fidelity Freedom 2060 Fund Class K6) and FUIPX (Fidelity Freedom Index 2060 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FVTKX returned 10.73%/yr vs 10.19%/yr for FUIPX. With a 0.98 correlation, they move nearly in lockstep. FVTKX charges 0.50%/yr vs 0.06%/yr for FUIPX.

Performance

FVTKX vs. FUIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity Freedom Index 2060 Fund (FUIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVTKX achieves a 13.98% return, which is significantly higher than FUIPX's 12.68% return.

FVTKX

• 1D: 0.64%
• 1M: 5.19%
• YTD: 13.98%
• 6M: 15.86%
• 1Y: 31.62%
• 3Y*: 21.05%
• 5Y*: 10.73%
• 10Y*: —

FUIPX

• 1D: 0.41%
• 1M: 5.63%
• YTD: 12.68%
• 6M: 13.57%
• 1Y: 28.81%
• 3Y*: 19.64%
• 5Y*: 10.19%
• 10Y*: —

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

FVTKX vs. FUIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FVTKX Fidelity Freedom 2060 Fund Class K6	13.98%	24.13%	14.37%	20.86%	-18.11%	16.79%	26.66%
FUIPX Fidelity Freedom Index 2060 Fund	12.68%	21.50%	14.23%	19.99%	-18.17%	16.00%	23.45%

Correlation

The correlation between FVTKX and FUIPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020	0.98

The correlation between FVTKX and FUIPX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FVTKX vs. FUIPX — Risk / Return Rank

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

FVTKX

FVTKX Risk / Return Rank: 73
FVTKX Sharpe Ratio Rank: 75
FVTKX Sortino Ratio Rank: 69
FVTKX Omega Ratio Rank: 69
FVTKX Calmar Ratio Rank: 72
FVTKX Martin Ratio Rank: 78

FUIPX

FUIPX Risk / Return Rank: 71
FUIPX Sharpe Ratio Rank: 75
FUIPX Sortino Ratio Rank: 69
FUIPX Omega Ratio Rank: 68
FUIPX Calmar Ratio Rank: 69
FUIPX Martin Ratio Rank: 75

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.

FVTKX vs. FUIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity Freedom Index 2060 Fund (FUIPX). 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.

	FVTKX	FUIPX	Difference
Sharpe ratio: Return per unit of total volatility	2.51	2.51	0.00
Sortino ratio: Return per unit of downside risk	3.45	3.46	-0.01
Omega ratio: Gain probability vs. loss probability	1.47	1.46	+0.01
Calmar ratio: Return relative to maximum drawdown	3.29	3.22	+0.06
Martin ratio: Return relative to average drawdown	14.63	14.24	+0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVTKX vs. FUIPX - Sharpe Ratio Comparison

The current FVTKX Sharpe Ratio is 2.51, which is comparable to the FUIPX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FVTKX and FUIPX, 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

	FVTKX	FUIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.51	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.71	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.00	-0.24

Drawdowns

FVTKX vs. FUIPX - Drawdown Comparison

The maximum FVTKX drawdown since its inception was -30.94%, which is greater than FUIPX's maximum drawdown of -26.20%. Use the drawdown chart below to compare losses from any high point for FVTKX and FUIPX.

Drawdown Indicators

	FVTKX	FUIPX	Difference
Max Drawdown Largest peak-to-trough decline	-30.94%	-26.20%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-9.06%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-15.35%	-14.72%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	-26.20%	-0.92%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.46%	-5.37%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.05%	+0.15%

Volatility

FVTKX vs. FUIPX - Volatility Comparison

Fidelity Freedom 2060 Fund Class K6 (FVTKX) has a higher volatility of 4.26% compared to Fidelity Freedom Index 2060 Fund (FUIPX) at 3.53%. This indicates that FVTKX's price experiences larger fluctuations and is considered to be riskier than FUIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVTKX	FUIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	3.53%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	9.42%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	11.64%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	14.40%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	14.20%	+1.70%

FVTKX vs. FUIPX - Expense Ratio Comparison

FVTKX has a 0.50% expense ratio, which is higher than FUIPX's 0.06% expense ratio.

Dividends

FVTKX vs. FUIPX - Dividend Comparison

FVTKX's dividend yield for the trailing twelve months is around 5.04%, more than FUIPX's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUIPX Fidelity Freedom Index 2060 Fund	1.73%	2.00%	2.01%	1.96%	2.05%	1.97%	1.65%	0.00%	0.00%	0.00%
FVTKX Fidelity Freedom 2060 Fund Class K6	5.04%	3.87%	2.52%	2.26%	10.84%	10.41%	4.04%	6.19%	6.19%	2.46%

Frequently Asked Questions

Can I hold both FVTKX and FUIPX in my portfolio?

With a correlation of 0.99, FVTKX and FUIPX 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, FVTKX or FUIPX?

FVTKX has higher volatility (4.26%) compared to FUIPX (3.53%). In terms of maximum drawdown, FVTKX dropped -30.94% vs FUIPX's -26.20%.

Which has better risk-adjusted returns?

FVTKX currently has the higher Sharpe Ratio (2.51 vs 2.51), 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.