LIVKX vs. FFGZX

Last updated Aug 4, 2026

LIVKX (BlackRock LifePath Index 2055 Class K) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, LIVKX returned 11.60%/yr vs 4.06%/yr for FFGZX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. LIVKX charges 0.09%/yr vs 0.08%/yr for FFGZX.

Performance

LIVKX vs. FFGZX - Performance Comparison

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

Returns By Period

In the year-to-date period, LIVKX achieves a 11.38% return, which is significantly higher than FFGZX's 3.16% return. Over the past 10 years, LIVKX has outperformed FFGZX with an annualized return of 11.60%, while FFGZX has yielded a comparatively lower 4.06% annualized return.

LIVKX

• 1D: 0.28%
• 1M: -0.25%
• 6M: 7.43%
• YTD: 11.38%
• 1Y: 23.64%
• 3Y*: 17.08%
• 5Y*: 9.79%
• 10Y*: 11.60%
• ALL TIME*: 10.36%

FFGZX

• 1D: 0.00%
• 1M: -0.47%
• 6M: 2.17%
• YTD: 3.16%
• 1Y: 6.99%
• 3Y*: 6.99%
• 5Y*: 2.70%
• 10Y*: 4.06%
• ALL TIME*: 3.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	$0.00	$0.00	$0.00
LIVKX BlackRock LifePath Index 2055 Class K	$0.00	$0.00	$0.00

LIVKX vs. FFGZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIVKX BlackRock LifePath Index 2055 Class K	11.38%	21.57%	13.65%	21.61%	-18.33%	18.87%	14.98%	26.90%	-7.84%	21.51%
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	3.16%	9.13%	5.02%	8.32%	-11.07%	2.85%	8.59%	10.68%	-0.80%	6.73%

Correlation

The correlation between LIVKX and FFGZX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015	0.72

The correlation between LIVKX and FFGZX shifts across timeframes, from 0.70 (5 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LIVKX vs. FFGZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LIVKX

LIVKX Risk / Return Rank: 65
LIVKX Sharpe Ratio Rank: 62
LIVKX Sortino Ratio Rank: 60
LIVKX Omega Ratio Rank: 59
LIVKX Calmar Ratio Rank: 67
LIVKX Martin Ratio Rank: 76

FFGZX

FFGZX Risk / Return Rank: 65
FFGZX Sharpe Ratio Rank: 64
FFGZX Sortino Ratio Rank: 66
FFGZX Omega Ratio Rank: 67
FFGZX Calmar Ratio Rank: 59
FFGZX Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LIVKX vs. FFGZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2055 Class K (LIVKX) 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.

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.

	LIVKX	FFGZX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.64	-0.01
Sortino ratio: Return per unit of downside risk	2.29	2.39	-0.10
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.02
Calmar ratio: Return relative to maximum drawdown	2.37	2.19	+0.18
Martin ratio: Return relative to average drawdown	9.93	8.89	+1.04

LIVKX vs. FFGZX - Sharpe Ratio Comparison

The current LIVKX Sharpe Ratio is 1.63, which is comparable to the FFGZX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of LIVKX and FFGZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIVKX vs. FFGZX - Drawdown Comparison

The maximum LIVKX drawdown since its inception was -34.39%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for LIVKX and FFGZX.

Drawdown Indicators

	LIVKX	FFGZX	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-14.94%	-19.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-3.33%	-6.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.46%	-3.82%	-13.64%
Max Drawdown (5Y) Largest decline over 5 years	-26.44%	-14.94%	-11.50%
Max Drawdown (10Y) Largest decline over 10 years	-34.39%	-14.94%	-19.45%
Current Drawdown Current decline from peak	-1.55%	-1.07%	-0.48%
Average Drawdown Average peak-to-trough decline	-4.48%	-2.24%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	0.82%	+1.43%

Volatility

LIVKX vs. FFGZX - Volatility Comparison

BlackRock LifePath Index 2055 Class K (LIVKX) has a higher volatility of 3.88% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.34%. This indicates that LIVKX'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.

Volatility by Period

	LIVKX	FFGZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	1.34%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	3.86%	+7.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	4.46%	+9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	5.17%	+10.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	4.47%	+12.23%

LIVKX vs. FFGZX - Expense Ratio Comparison

LIVKX has a 0.09% 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

LIVKX vs. FFGZX - Dividend Comparison

LIVKX's dividend yield for the trailing twelve months is around 2.33%, less than FFGZX's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	2.76%	3.30%	3.18%	2.88%	3.11%	2.10%	2.22%	7.35%	3.00%	1.95%	1.56%	1.06%
LIVKX BlackRock LifePath Index 2055 Class K	2.33%	2.53%	0.01%	2.08%	2.02%	2.08%	1.61%	3.00%	2.40%	2.31%	1.57%	2.93%

Frequently Asked Questions

Can I hold both LIVKX and FFGZX in my portfolio?

LIVKX and FFGZX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIVKX or FFGZX?

LIVKX has higher volatility (3.88%) compared to FFGZX (1.34%). In terms of maximum drawdown, LIVKX dropped -34.39% vs FFGZX's -14.94%.

Which has better risk-adjusted returns?

FFGZX currently has the higher Sharpe Ratio (1.64 vs 1.63), 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.