LIVIX vs. FDEWX

Last updated Jun 3, 2026

LIVIX (BlackRock LifePath Index 2055 Fund) and FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) are both Target Retirement Date funds. Over the past 10 years, LIVIX returned 11.99%/yr vs 11.90%/yr for FDEWX. With a 0.98 correlation, they move nearly in lockstep. LIVIX charges 0.10%/yr vs 0.12%/yr for FDEWX.

Performance

LIVIX vs. FDEWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2055 Fund (LIVIX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LIVIX having a 12.57% return and FDEWX slightly lower at 12.11%. Both investments have delivered pretty close results over the past 10 years, with LIVIX having a 11.99% annualized return and FDEWX not far behind at 11.90%.

LIVIX

• 1D: 0.25%
• 1M: 4.52%
• YTD: 12.57%
• 6M: 13.89%
• 1Y: 29.68%
• 3Y*: 19.77%
• 5Y*: 10.30%
• 10Y*: 11.99%

FDEWX

• 1D: 0.35%
• 1M: 4.70%
• YTD: 12.11%
• 6M: 13.42%
• 1Y: 28.40%
• 3Y*: 19.36%
• 5Y*: 9.96%
• 10Y*: 11.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LIVIX vs. FDEWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIVIX BlackRock LifePath Index 2055 Fund	12.57%	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	12.11%	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 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 6, 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.

Return for Risk

LIVIX vs. FDEWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIVIX

LIVIX Risk / Return Rank: 69
LIVIX Sharpe Ratio Rank: 70
LIVIX Sortino Ratio Rank: 65
LIVIX Omega Ratio Rank: 63
LIVIX Calmar Ratio Rank: 69
LIVIX Martin Ratio Rank: 76

FDEWX

FDEWX Risk / Return Rank: 71
FDEWX Sharpe Ratio Rank: 75
FDEWX Sortino Ratio Rank: 69
FDEWX Omega Ratio Rank: 68
FDEWX Calmar Ratio Rank: 68
FDEWX Martin Ratio Rank: 75

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.

LIVIX vs. FDEWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2055 Fund (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.

	LIVIX	FDEWX	Difference
Sharpe ratio Return per unit of total volatility	2.44	2.51	-0.07
Sortino ratio Return per unit of downside risk	3.39	3.47	-0.08
Omega ratio Gain probability vs. loss probability	1.44	1.46	-0.02
Calmar ratio Return relative to maximum drawdown	3.22	3.20	+0.02
Martin ratio Return relative to average drawdown	14.28	14.16	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIVIX vs. FDEWX - Sharpe Ratio Comparison

The current LIVIX Sharpe Ratio is 2.44, which is comparable to the FDEWX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of LIVIX and FDEWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LIVIX	FDEWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.51	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.70	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.79	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.69	-0.05

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.

Drawdown Indicators

	LIVIX	FDEWX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.52%	-4.23%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.05%	+0.08%

Volatility

LIVIX vs. FDEWX - Volatility Comparison

BlackRock LifePath Index 2055 Fund (LIVIX) has a higher volatility of 3.85% compared to Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) at 3.52%. This indicates that LIVIX's price experiences larger fluctuations and is considered to be riskier than FDEWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIVIX	FDEWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	3.52%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	9.40%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	11.63%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	14.39%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	15.17%	+1.55%

LIVIX vs. FDEWX - Expense Ratio Comparison

LIVIX has a 0.10% expense ratio, which is lower than FDEWX'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%.

Dividends

LIVIX vs. FDEWX - Dividend Comparison

LIVIX's dividend yield for the trailing twelve months is around 2.20%, more than FDEWX's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDEWX Fidelity Freedom Index 2055 Fund Investor Class	1.69%	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	2.20%	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

Can I hold both LIVIX and FDEWX in my portfolio?

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.

Which is riskier, LIVIX or FDEWX?

LIVIX has higher volatility (3.85%) compared to FDEWX (3.52%). In terms of maximum drawdown, LIVIX dropped -34.44% vs FDEWX's -30.69%.

Which has better risk-adjusted returns?

FDEWX currently has the higher Sharpe Ratio (2.51 vs 2.44), 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.