LIRIX vs. FFGZX
LIRIX (BlackRock LifePath Index Retirement Fund) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, LIRIX returned 5.96%/yr vs 4.28%/yr for FFGZX. Their correlation of 0.90 suggests significant overlap in exposure. LIRIX charges 0.11%/yr vs 0.08%/yr for FFGZX.
Performance
LIRIX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, LIRIX achieves a 5.84% return, which is significantly higher than FFGZX's 4.28% return. Over the past 10 years, LIRIX has outperformed FFGZX with an annualized return of 5.96%, while FFGZX has yielded a comparatively lower 4.28% annualized return.
LIRIX
- 1D
- 0.19%
- 1M
- 2.20%
- YTD
- 5.84%
- 6M
- 6.03%
- 1Y
- 14.64%
- 3Y*
- 10.12%
- 5Y*
- 4.21%
- 10Y*
- 5.96%
FFGZX
- 1D
- 0.16%
- 1M
- 1.75%
- YTD
- 4.28%
- 6M
- 4.42%
- 1Y
- 10.55%
- 3Y*
- 7.68%
- 5Y*
- 3.28%
- 10Y*
- 4.28%
LIRIX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIRIX BlackRock LifePath Index Retirement Fund | 5.84% | 12.41% | 6.04% | 11.50% | -15.31% | 6.69% | 11.40% | 15.84% | -3.54% | 10.68% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 4.28% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between LIRIX and FFGZX is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.90 |
The correlation between LIRIX and FFGZX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
LIRIX vs. FFGZX — Risk / Return Rank
LIRIX
FFGZX
LIRIX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund (LIRIX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| LIRIX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.54 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.18 | +0.32 |
| Martin ratioReturn relative to average drawdown | 15.60 | 14.23 | +1.37 |
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
| LIRIX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.64 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.65 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.97 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.93 | -0.14 |
Drawdowns
LIRIX vs. FFGZX - Drawdown Comparison
The maximum LIRIX drawdown since its inception was -20.49%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for LIRIX and FFGZX.
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Drawdown Indicators
| LIRIX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.49% | -14.94% | -5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.23% | -3.33% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -4.76% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -14.94% | -5.55% |
Max Drawdown (10Y)Largest decline over 10 years | -20.49% | -14.94% | -5.55% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -2.26% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.74% | +0.21% |
Volatility
LIRIX vs. FFGZX - Volatility Comparison
BlackRock LifePath Index Retirement Fund (LIRIX) has a higher volatility of 2.02% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.49%. This indicates that LIRIX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIRIX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.49% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 3.34% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 4.01% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 5.08% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 4.43% | +3.07% |
LIRIX vs. FFGZX - Expense Ratio Comparison
LIRIX has a 0.11% expense ratio, which is higher than FFGZX's 0.08% 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
LIRIX vs. FFGZX - Dividend Comparison
LIRIX's dividend yield for the trailing twelve months is around 3.62%, more than FFGZX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.21% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
LIRIX BlackRock LifePath Index Retirement Fund | 3.62% | 3.83% | 2.02% | 2.62% | 2.69% | 2.68% | 1.93% | 2.43% | 2.44% | 2.22% | 2.47% | 2.92% |
Frequently Asked Questions
With a correlation of 0.95, LIRIX and FFGZX 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.
LIRIX has higher volatility (2.02%) compared to FFGZX (1.49%). In terms of maximum drawdown, LIRIX dropped -20.49% vs FFGZX's -14.94%.
LIRIX currently has the higher Sharpe Ratio (2.65 vs 2.64), 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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