LIVIX vs. FDEWX
LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) and FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) are both Target Retirement Date funds. LIVIX is passively managed, while FDEWX is actively managed. Over the past 10 years, LIVIX returned 11.45%/yr vs 11.40%/yr for FDEWX. Their 0.98 correlation means they have historically moved very closely together. LIVIX charges 0.14%/yr vs 0.12%/yr for FDEWX.
Performance
LIVIX vs. FDEWX - Performance Comparison
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Returns By Period
In the year-to-date period, LIVIX achieves a 11.03% return, which is significantly higher than FDEWX's 10.38% return. Both investments have delivered pretty close results over the past 10 years, with LIVIX having a 11.45% annualized return and FDEWX not far behind at 11.40%.
LIVIX
- 1D
- 2.03%
- 1M
- -0.54%
- 6M
- 7.67%
- YTD
- 11.03%
- 1Y
- 23.24%
- 3Y*
- 16.68%
- 5Y*
- 9.68%
- 10Y*
- 11.45%
- ALL TIME*
- 10.29%
FDEWX
- 1D
- 1.96%
- 1M
- -0.50%
- 6M
- 7.30%
- YTD
- 10.38%
- 1Y
- 21.95%
- 3Y*
- 16.47%
- 5Y*
- 9.31%
- 10Y*
- 11.40%
- ALL TIME*
- 9.88%
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 |
LIVIX vs. FDEWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 11.03% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 10.38% | 21.39% | 14.14% | 19.95% | -18.01% | 15.88% | 16.46% | 25.94% | -7.19% | 20.53% |
Correlation
The correlation between LIVIX and FDEWX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2011 | 0.98 |
The correlation between LIVIX and FDEWX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
LIVIX vs. FDEWX — Risk / Return Rank
LIVIX
FDEWX
LIVIX vs. FDEWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). 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.
| LIVIX | FDEWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.24 | +0.01 |
| Martin ratioReturn relative to average drawdown | 9.45 | 9.28 | +0.17 |
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Drawdowns
LIVIX vs. FDEWX - Drawdown Comparison
The maximum LIVIX drawdown since its inception was -34.44%, which is greater than FDEWX's maximum drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for LIVIX and FDEWX.
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Drawdown Indicators
| LIVIX | FDEWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -30.69% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -9.07% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.39% | -14.74% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.45% | -26.22% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -34.44% | -30.69% | -3.75% |
Current DrawdownCurrent decline from peak | -1.83% | -1.99% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -4.20% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.19% | +0.06% |
Volatility
LIVIX vs. FDEWX - Volatility Comparison
BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) have volatilities of 3.92% and 3.82%, 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
| LIVIX | FDEWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.82% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.50% | 10.92% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 12.92% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 14.59% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 15.18% | +1.52% |
LIVIX vs. FDEWX - Expense Ratio Comparison
LIVIX has a 0.14% expense ratio, which is higher than FDEWX'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
LIVIX vs. FDEWX - Dividend Comparison
LIVIX's dividend yield for the trailing twelve months is around 2.29%, more than FDEWX's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.72% | 1.97% | 1.98% | 1.92% | 2.24% | 1.89% | 1.85% | 10.83% | 2.36% | 1.93% | 2.42% | 2.31% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 2.29% | 2.48% | 0.01% | 2.04% | 1.96% | 2.04% | 1.56% | 2.95% | 2.35% | 2.27% | 1.54% | 2.88% |
Frequently Asked Questions
With a correlation of 0.99, LIVIX and FDEWX 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.
LIVIX has higher volatility (3.92%) compared to FDEWX (3.82%). In terms of maximum drawdown, LIVIX dropped -34.44% vs FDEWX's -30.69%.
FDEWX currently has the higher Sharpe Ratio (1.58 vs 1.55), 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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