LFEDX vs. FFSFX
LFEDX (MFS Lifetime 2035 Fund) and FFSFX (Fidelity Freedom 2065 Fund) are both Target Retirement Date funds. Over the past 5 years, LFEDX returned 6.33%/yr vs 9.96%/yr for FFSFX. Their 0.96 correlation means they have historically moved very closely together. LFEDX charges 0.00%/yr vs 0.68%/yr for FFSFX.
Performance
LFEDX vs. FFSFX - Performance Comparison
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Returns By Period
In the year-to-date period, LFEDX achieves a 7.06% return, which is significantly lower than FFSFX's 12.07% return.
LFEDX
- 1D
- 0.82%
- 1M
- 0.10%
- 6M
- 4.76%
- YTD
- 7.06%
- 1Y
- 12.99%
- 3Y*
- 11.56%
- 5Y*
- 6.33%
- 10Y*
- 9.31%
- ALL TIME*
- 9.06%
FFSFX
- 1D
- 2.33%
- 1M
- -1.16%
- 6M
- 7.96%
- YTD
- 12.07%
- 1Y
- 24.62%
- 3Y*
- 17.88%
- 5Y*
- 9.96%
- 10Y*
- —
- ALL TIME*
- 12.72%
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 |
LFEDX vs. FFSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LFEDX MFS Lifetime 2035 Fund | 7.06% | 13.17% | 10.54% | 14.88% | -14.86% | 17.24% | 12.82% | 7.90% |
FFSFX Fidelity Freedom 2065 Fund | 12.07% | 23.76% | 14.01% | 20.54% | -18.28% | 16.54% | 18.08% | 9.00% |
Correlation
The correlation between LFEDX and FFSFX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
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 28, 2019 | 0.96 |
The correlation between LFEDX and FFSFX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
LFEDX vs. FFSFX — Risk / Return Rank
LFEDX
FFSFX
LFEDX vs. FFSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime 2035 Fund (LFEDX) and Fidelity Freedom 2065 Fund (FFSFX). 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.
| LFEDX | FFSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.34 | -0.29 |
| Martin ratioReturn relative to average drawdown | 8.65 | 9.78 | -1.13 |
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Drawdowns
LFEDX vs. FFSFX - Drawdown Comparison
The maximum LFEDX drawdown since its inception was -30.30%, roughly equal to the maximum FFSFX drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for LFEDX and FFSFX.
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Drawdown Indicators
| LFEDX | FFSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.30% | -31.03% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.88% | -9.79% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -9.79% | -15.43% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -27.31% | +6.00% |
Max Drawdown (10Y)Largest decline over 10 years | -30.30% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -2.51% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -5.81% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.34% | -0.95% |
Volatility
LFEDX vs. FFSFX - Volatility Comparison
The current volatility for MFS Lifetime 2035 Fund (LFEDX) is 1.81%, while Fidelity Freedom 2065 Fund (FFSFX) has a volatility of 4.45%. This indicates that LFEDX experiences smaller price fluctuations and is considered to be less risky than FFSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFEDX | FFSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 4.45% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 12.45% | -6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.60% | 14.46% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 15.29% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 17.07% | -4.59% |
LFEDX vs. FFSFX - Expense Ratio Comparison
LFEDX has a 0.00% expense ratio, which is lower than FFSFX's 0.68% expense ratio.
Dividends
LFEDX vs. FFSFX - Dividend Comparison
LFEDX's dividend yield for the trailing twelve months is around 7.46%, more than FFSFX's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFSFX Fidelity Freedom 2065 Fund | 4.99% | 3.69% | 2.29% | 2.01% | 8.77% | 7.81% | 2.25% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% |
LFEDX MFS Lifetime 2035 Fund | 7.46% | 7.99% | 5.52% | 2.93% | 6.62% | 7.94% | 2.69% | 3.96% | 4.38% | 3.44% | 3.83% | 1.57% |
Frequently Asked Questions
With a correlation of 0.94, LFEDX and FFSFX 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.
FFSFX has higher volatility (4.45%) compared to LFEDX (1.81%). In terms of maximum drawdown, LFEDX dropped -30.30% vs FFSFX's -31.03%.
LFEDX currently has the higher Sharpe Ratio (1.59 vs 1.59), 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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