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FZTKX vs. VMFXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FZTKX vs. VMFXX

Last updated Jun 3, 2026

FZTKX (Fidelity Freedom 2050 Fund Class K6) and VMFXX (Vanguard Federal Money Market Fund) are both mutual funds - FZTKX is a Target Retirement Date fund managed by Fidelity, while VMFXX is a Money Market fund managed by Vanguard. Over the past 5 years, FZTKX returned 10.42%/yr vs 2.39%/yr for VMFXX. At a 0.02 correlation, their price movements are largely independent. FZTKX charges 0.50%/yr vs 0.11%/yr for VMFXX.

Performance

FZTKX vs. VMFXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2050 Fund Class K6 (FZTKX) and Vanguard Federal Money Market Fund (VMFXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FZTKX achieves a 13.03% return, which is significantly higher than VMFXX's 1.50% return.

FZTKX

1D
0.28%
1M
4.01%
YTD
13.03%
6M
15.38%
1Y
30.84%
3Y*
20.71%
5Y*
10.42%
10Y*
—

VMFXX

1D
0.00%
1M
0.30%
YTD
1.50%
6M
1.82%
1Y
3.95%
3Y*
3.35%
5Y*
2.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FZTKX vs. VMFXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FZTKX
Fidelity Freedom 2050 Fund Class K6		13.03%24.06%14.42%20.87%-18.12%5.12%
VMFXX
Vanguard Federal Money Market Fund		1.50%4.24%1.64%4.64%0.00%0.00%

Correlation

The correlation between FZTKX and VMFXX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.00

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since May 26, 2021

0.02

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Fidelity Freedom 2050 Fund Class K6

Vanguard Federal Money Market Fund

Often compared with FZTKX:
FZTKX vs. FXAIXFZTKX vs. FFOPXFZTKX vs. VFIFXFZTKX vs. FBGKXFZTKX vs. FDEWXFZTKX vs. ^GSPCFZTKX vs. VOO
Often compared with VMFXX:
VMFXX vs. VUSXXVMFXX vs. SPAXXVMFXX vs. SWVXXVMFXX vs. SGOVVMFXX vs. VMRXXVMFXX vs. BNDVMFXX vs. SNSXX

Return for Risk

FZTKX vs. VMFXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FZTKX
FZTKX Risk / Return Rank: 7272
Overall Rank
FZTKX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FZTKX Sortino Ratio Rank: 6868
Sortino Ratio Rank
FZTKX Omega Ratio Rank: 6969
Omega Ratio Rank
FZTKX Calmar Ratio Rank: 7272
Calmar Ratio Rank
FZTKX Martin Ratio Rank: 7878
Martin Ratio Rank
VMFXX
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.

FZTKX vs. VMFXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2050 Fund Class K6 (FZTKX) and Vanguard Federal Money Market Fund (VMFXX). 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.

FZTKXVMFXXDifference

Sharpe ratio

Return per unit of total volatility

2.50

3.67

-1.17

Sortino ratio

Return per unit of downside risk

3.44

—

—

Omega ratio

Gain probability vs. loss probability

1.46

—

—

Calmar ratio

Return relative to maximum drawdown

3.30

—

—

Martin ratio

Return relative to average drawdown

14.71

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FZTKX vs. VMFXX - Sharpe Ratio Comparison

The current FZTKX Sharpe Ratio is 2.50, which is lower than the VMFXX Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of FZTKX and VMFXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FZTKXVMFXXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.50

3.67

-1.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

2.60

-1.91

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

2.60

-1.84

Drawdowns

FZTKX vs. VMFXX - Drawdown Comparison

The maximum FZTKX drawdown since its inception was -30.91%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FZTKX and VMFXX.

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Drawdown Indicators

FZTKXVMFXXDifference

Max Drawdown

Largest peak-to-trough decline

-30.91%

0.00%

-30.91%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

0.00%

-9.68%

Max Drawdown (3Y)

Largest decline over 3 years

-15.42%

0.00%

-15.42%

Max Drawdown (5Y)

Largest decline over 5 years

-27.13%

0.00%

-27.13%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.47%

0.00%

-5.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

0.00%

+2.17%

Volatility

FZTKX vs. VMFXX - Volatility Comparison

Fidelity Freedom 2050 Fund Class K6 (FZTKX) has a higher volatility of 4.26% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.30%. This indicates that FZTKX's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FZTKXVMFXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

0.30%

+3.96%

Volatility (6M)

Calculated over the trailing 6-month period

10.46%

0.79%

+9.67%

Volatility (1Y)

Calculated over the trailing 1-year period

12.76%

1.12%

+11.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.03%

0.94%

+14.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.91%

0.94%

+14.97%

FZTKX vs. VMFXX - Expense Ratio Comparison

FZTKX has a 0.50% expense ratio, which is higher than VMFXX's 0.11% expense ratio.

Dividends

FZTKX vs. VMFXX - Dividend Comparison

FZTKX's dividend yield for the trailing twelve months is around 5.48%, more than VMFXX's 3.87% yield.

PositionTTM202520242023202220212020201920182017
FZTKX
Fidelity Freedom 2050 Fund Class K6		5.48%4.33%2.33%2.06%12.18%12.02%5.15%6.78%8.12%2.88%
VMFXX
Vanguard Federal Money Market Fund		3.87%4.14%1.63%4.53%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FZTKX and VMFXX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FZTKX has higher volatility (4.26%) compared to VMFXX (0.30%). In terms of maximum drawdown, FZTKX dropped -30.91% vs VMFXX's 0.00%.

VMFXX currently has the higher Sharpe Ratio (3.67 vs 2.50), 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.

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