LEGR vs. FXIFX

Last updated Jun 4, 2026

LEGR (First Trust Indxx Innovative Transaction & Process ETF) and FXIFX (Fidelity Freedom Index 2030 Fund Investor Class) are both funds - LEGR is a Blockchain fund tracking the Indxx Blockchain Index, while FXIFX is a Target Retirement Date fund managed by Fidelity. Over the past 5 years, LEGR returned 11.82%/yr vs 6.57%/yr for FXIFX. Their correlation of 0.87 suggests significant overlap in exposure. LEGR charges 0.65%/yr vs 0.12%/yr for FXIFX.

Performance

LEGR vs. FXIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Fidelity Freedom Index 2030 Fund Investor Class (FXIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEGR achieves a 12.39% return, which is significantly higher than FXIFX's 8.03% return.

LEGR

• 1D: -1.50%
• 1M: 7.23%
• YTD: 12.39%
• 6M: 15.64%
• 1Y: 30.64%
• 3Y*: 23.83%
• 5Y*: 11.82%
• 10Y*: —

FXIFX

• 1D: 0.29%
• 1M: 3.63%
• YTD: 8.03%
• 6M: 8.45%
• 1Y: 19.48%
• 3Y*: 13.74%
• 5Y*: 6.57%
• 10Y*: 9.08%

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

LEGR vs. FXIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LEGR First Trust Indxx Innovative Transaction & Process ETF	12.39%	30.83%	16.25%	22.79%	-19.01%	17.91%	18.73%	27.99%	-14.11%
FXIFX Fidelity Freedom Index 2030 Fund Investor Class	8.03%	15.89%	9.50%	15.10%	-16.55%	10.84%	14.34%	22.07%	-9.67%

Correlation

The correlation between LEGR and FXIFX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018	0.87

The correlation between LEGR and FXIFX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

LEGR vs. FXIFX — Risk / Return Rank

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

LEGR

LEGR Risk / Return Rank: 64
LEGR Sharpe Ratio Rank: 68
LEGR Sortino Ratio Rank: 67
LEGR Omega Ratio Rank: 65
LEGR Calmar Ratio Rank: 59
LEGR Martin Ratio Rank: 62

FXIFX

FXIFX Risk / Return Rank: 70
FXIFX Sharpe Ratio Rank: 73
FXIFX Sortino Ratio Rank: 73
FXIFX Omega Ratio Rank: 71
FXIFX Calmar Ratio Rank: 64
FXIFX Martin Ratio Rank: 70

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.

LEGR vs. FXIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Fidelity Freedom Index 2030 Fund Investor Class (FXIFX). 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.

	LEGR	FXIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	2.48	-0.23
Sortino ratio: Return per unit of downside risk	3.10	3.54	-0.44
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.08
Calmar ratio: Return relative to maximum drawdown	2.96	3.07	-0.11
Martin ratio: Return relative to average drawdown	11.21	13.50	-2.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEGR vs. FXIFX - Sharpe Ratio Comparison

The current LEGR Sharpe Ratio is 2.26, which is comparable to the FXIFX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of LEGR and FXIFX, 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

	LEGR	FXIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	2.48	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.64	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.75	-0.15

Drawdowns

LEGR vs. FXIFX - Drawdown Comparison

The maximum LEGR drawdown since its inception was -36.12%, which is greater than FXIFX's maximum drawdown of -23.90%. Use the drawdown chart below to compare losses from any high point for LEGR and FXIFX.

Drawdown Indicators

	LEGR	FXIFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-23.90%	-12.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-6.42%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-9.41%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-23.28%	-8.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.90%	—
Current Drawdown Current decline from peak	-1.50%	0.00%	-1.50%
Average Drawdown Average peak-to-trough decline	-6.61%	-3.61%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.46%	+1.28%

Volatility

LEGR vs. FXIFX - Volatility Comparison

First Trust Indxx Innovative Transaction & Process ETF (LEGR) has a higher volatility of 4.93% compared to Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) at 2.66%. This indicates that LEGR's price experiences larger fluctuations and is considered to be riskier than FXIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEGR	FXIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	2.66%	+2.27%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	6.49%	+4.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	7.94%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	10.34%	+6.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	11.24%	+9.07%

LEGR vs. FXIFX - Expense Ratio Comparison

LEGR has a 0.65% expense ratio, which is higher than FXIFX's 0.12% expense ratio.

Dividends

LEGR vs. FXIFX - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 1.67%, less than FXIFX's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXIFX Fidelity Freedom Index 2030 Fund Investor Class	3.03%	3.34%	2.67%	2.26%	2.69%	2.13%	2.40%	16.73%	2.13%	1.84%	1.94%	2.02%
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.67%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LEGR and FXIFX in my portfolio?

LEGR and FXIFX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEGR or FXIFX?

LEGR has higher volatility (4.93%) compared to FXIFX (2.66%). In terms of maximum drawdown, LEGR dropped -36.12% vs FXIFX's -23.90%.

Which has better risk-adjusted returns?

FXIFX currently has the higher Sharpe Ratio (2.48 vs 2.26), 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.