LIHIX vs. FIKFX
LIHIX (BlackRock LifePath Index 2045 Fund Institutional) and FIKFX (Fidelity Freedom Index Income Fund Investor Class) are both Target Retirement Date funds. Over the past 10 years, LIHIX returned 11.01%/yr vs 4.22%/yr for FIKFX. A 0.76 correlation means they provide meaningful diversification when combined. LIHIX charges 0.14%/yr vs 0.12%/yr for FIKFX.
Performance
LIHIX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, LIHIX achieves a 10.86% return, which is significantly higher than FIKFX's 4.03% return. Over the past 10 years, LIHIX has outperformed FIKFX with an annualized return of 11.01%, while FIKFX has yielded a comparatively lower 4.22% annualized return.
LIHIX
- 1D
- 0.39%
- 1M
- 1.68%
- YTD
- 10.86%
- 6M
- 11.30%
- 1Y
- 25.27%
- 3Y*
- 17.59%
- 5Y*
- 8.86%
- 10Y*
- 11.01%
FIKFX
- 1D
- 0.16%
- 1M
- 0.55%
- YTD
- 4.03%
- 6M
- 4.25%
- 1Y
- 9.98%
- 3Y*
- 7.60%
- 5Y*
- 3.15%
- 10Y*
- 4.22%
LIHIX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIHIX BlackRock LifePath Index 2045 Fund Institutional | 10.86% | 19.01% | 11.80% | 20.26% | -18.10% | 17.74% | 13.93% | 26.15% | -7.55% | 21.02% |
FIKFX Fidelity Freedom Index Income Fund Investor Class | 4.03% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between LIHIX and FIKFX is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.76 |
The correlation between LIHIX and FIKFX shifts across timeframes, from 0.71 (5 years) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LIHIX vs. FIKFX — Risk / Return Rank
LIHIX
FIKFX
LIHIX vs. FIKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2045 Fund Institutional (LIHIX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX). 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.
| LIHIX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.50 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.96 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.34 | 13.19 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LIHIX | FIKFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.47 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.62 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.95 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.01 | -0.39 |
Drawdowns
LIHIX vs. FIKFX - Drawdown Comparison
The maximum LIHIX drawdown since its inception was -33.31%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for LIHIX and FIKFX.
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Drawdown Indicators
| LIHIX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -15.03% | -18.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -3.32% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -4.76% | -10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -25.92% | -15.03% | -10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.31% | -15.03% | -18.28% |
Current DrawdownCurrent decline from peak | -0.35% | -0.16% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -1.72% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.74% | +1.14% |
Volatility
LIHIX vs. FIKFX - Volatility Comparison
BlackRock LifePath Index 2045 Fund Institutional (LIHIX) has a higher volatility of 3.45% compared to Fidelity Freedom Index Income Fund Investor Class (FIKFX) at 1.51%. This indicates that LIHIX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIHIX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 1.51% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 3.31% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 4.00% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 5.12% | +9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 4.44% | +11.30% |
LIHIX vs. FIKFX - Expense Ratio Comparison
LIHIX has a 0.14% expense ratio, which is higher than FIKFX's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LIHIX vs. FIKFX - Dividend Comparison
LIHIX's dividend yield for the trailing twelve months is around 2.51%, less than FIKFX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.01% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
LIHIX BlackRock LifePath Index 2045 Fund Institutional | 2.51% | 2.78% | 0.01% | 2.19% | 2.01% | 2.29% | 1.09% | 3.32% | 2.43% | 2.29% | 1.55% | 3.11% |
Frequently Asked Questions
LIHIX and FIKFX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIHIX has higher volatility (3.45%) compared to FIKFX (1.51%). In terms of maximum drawdown, LIHIX dropped -33.31% vs FIKFX's -15.03%.
FIKFX currently has the higher Sharpe Ratio (2.47 vs 2.30), 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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