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LIPKX vs. FIPFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

LIPKX vs. FIPFX

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock LifePath Index 2050 Fund Class K (LIPKX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX).

LIPKX is a passively managed fund by BlackRock that tracks the performance of the BlackRock LifePath Index 2050 Custom Benchmark (USD). It was launched on May 31, 2011. FIPFX is managed by Fidelity. It was launched on Oct 2, 2009.

Performance

LIPKX vs. FIPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2050 Fund Class K (LIPKX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX). The values are adjusted to include any dividend payments, if applicable.

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LIPKX vs. FIPFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LIPKX
BlackRock LifePath Index 2050 Fund Class K		-3.99%20.71%12.88%21.38%-18.34%18.74%14.28%26.78%-7.81%21.43%
FIPFX
Fidelity Freedom Index 2050 Fund Investor Class		-4.14%21.40%14.15%19.91%-18.22%15.93%16.46%26.02%-7.28%20.54%

Returns By Period

The year-to-date returns for both stocks are quite close, with LIPKX having a -3.99% return and FIPFX slightly lower at -4.14%. Both investments have delivered pretty close results over the past 10 years, with LIPKX having a 10.25% annualized return and FIPFX not far ahead at 10.39%.

LIPKX

1D
-0.19%
1M
-8.55%
YTD
-3.99%
6M
-1.25%
1Y
17.00%
3Y*
14.09%
5Y*
7.89%
10Y*
10.25%

FIPFX

1D
-0.17%
1M
-8.51%
YTD
-4.14%
6M
-1.24%
1Y
16.60%
3Y*
14.20%
5Y*
7.73%
10Y*
10.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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BlackRock LifePath Index 2050 Fund Class K

Fidelity Freedom Index 2050 Fund Investor Class

Often compared with LIPKX:
LIPKX vs. VFIFX
Often compared with FIPFX:
FIPFX vs. VFIFXFIPFX vs. FXAIXFIPFX vs. FFOPXFIPFX vs. SPYFIPFX vs. FIHFXFIPFX vs. FSKAXFIPFX vs. VIIIX

LIPKX vs. FIPFX - Expense Ratio Comparison

LIPKX has a 0.09% expense ratio, which is lower than FIPFX's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

FIPFX
Fidelity Freedom Index 2050 Fund Investor Class
LIPKX
BlackRock LifePath Index 2050 Fund Class K

Return for Risk

LIPKX vs. FIPFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LIPKX
LIPKX Risk / Return Rank: 5959
Overall Rank
LIPKX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
LIPKX Sortino Ratio Rank: 5959
Sortino Ratio Rank
LIPKX Omega Ratio Rank: 5959
Omega Ratio Rank
LIPKX Calmar Ratio Rank: 5454
Calmar Ratio Rank
LIPKX Martin Ratio Rank: 6666
Martin Ratio Rank
FIPFX
FIPFX Risk / Return Rank: 6464
Overall Rank
FIPFX Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
FIPFX Sortino Ratio Rank: 6565
Sortino Ratio Rank
FIPFX Omega Ratio Rank: 6565
Omega Ratio Rank
FIPFX Calmar Ratio Rank: 6161
Calmar Ratio Rank
FIPFX Martin Ratio Rank: 6868
Martin Ratio Rank
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.

LIPKX vs. FIPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2050 Fund Class K (LIPKX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX). 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.

LIPKXFIPFXDifference

Sharpe ratio

Return per unit of total volatility

1.06

1.10

-0.03

Sortino ratio

Return per unit of downside risk

1.58

1.60

-0.02

Omega ratio

Gain probability vs. loss probability

1.24

1.24

0.00

Calmar ratio

Return relative to maximum drawdown

1.33

1.38

-0.05

Martin ratio

Return relative to average drawdown

6.32

6.40

-0.08

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

LIPKX vs. FIPFX - Sharpe Ratio Comparison

The current LIPKX Sharpe Ratio is 1.06, which is comparable to the FIPFX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of LIPKX and FIPFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

LIPKXFIPFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

1.10

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.54

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.69

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.65

-0.10

Correlation

The correlation between LIPKX and FIPFX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

LIPKX vs. FIPFX - Dividend Comparison

LIPKX's dividend yield for the trailing twelve months is around 2.94%, more than FIPFX's 2.06% yield.

TTM20252024202320222021202020192018201720162015
LIPKX
BlackRock LifePath Index 2050 Fund Class K		2.94%2.82%0.01%2.14%2.08%2.20%1.11%3.33%2.42%2.36%1.60%3.17%
FIPFX
Fidelity Freedom Index 2050 Fund Investor Class		2.06%1.97%2.00%1.94%2.02%1.93%1.95%15.16%2.28%2.05%2.09%2.00%

Drawdowns

LIPKX vs. FIPFX - Drawdown Comparison

The maximum LIPKX drawdown since its inception was -34.29%, which is greater than FIPFX's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for LIPKX and FIPFX.

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Drawdown Indicators

LIPKXFIPFXDifference

Max Drawdown

Largest peak-to-trough decline

-34.29%

-30.71%

-3.58%

Max Drawdown (1Y)

Largest decline over 1 year

-11.53%

-10.81%

-0.72%

Max Drawdown (5Y)

Largest decline over 5 years

-26.35%

-26.20%

-0.15%

Max Drawdown (10Y)

Largest decline over 10 years

-34.29%

-30.71%

-3.58%

Current Drawdown

Current decline from peak

-9.09%

-8.96%

-0.13%

Average Drawdown

Average peak-to-trough decline

-4.55%

-4.24%

-0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

2.33%

+0.09%

Volatility

LIPKX vs. FIPFX - Volatility Comparison

BlackRock LifePath Index 2050 Fund Class K (LIPKX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) have volatilities of 5.06% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LIPKXFIPFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.06%

4.95%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

8.86%

8.69%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

16.17%

15.17%

+1.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.38%

14.27%

+1.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.44%

15.10%

+1.34%