LPWRX vs. FFGZX
LPWRX (BlackRock LifePath Dynamic 2065 Fund) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 5 years, LPWRX returned 8.55%/yr vs 2.70%/yr for FFGZX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. LPWRX charges 0.93%/yr vs 0.08%/yr for FFGZX.
Performance
LPWRX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, LPWRX achieves a 11.74% return, which is significantly higher than FFGZX's 3.16% return.
LPWRX
- 1D
- 2.72%
- 1M
- 0.23%
- 6M
- 8.13%
- YTD
- 11.74%
- 1Y
- 23.69%
- 3Y*
- 15.02%
- 5Y*
- 8.55%
- 10Y*
- —
- ALL TIME*
- 11.18%
FFGZX
- 1D
- 0.56%
- 1M
- -0.47%
- 6M
- 2.17%
- YTD
- 3.16%
- 1Y
- 6.99%
- 3Y*
- 6.83%
- 5Y*
- 2.70%
- 10Y*
- 4.03%
- ALL TIME*
- 3.90%
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 |
LPWRX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LPWRX BlackRock LifePath Dynamic 2065 Fund | 11.74% | 20.43% | 8.99% | 22.14% | -18.94% | 17.84% | 13.47% | 5.28% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.16% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 1.51% |
Correlation
The correlation between LPWRX and FFGZX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019 | 0.69 |
The correlation between LPWRX and FFGZX shifts across timeframes, from 0.68 (5 years) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LPWRX vs. FFGZX — Risk / Return Rank
LPWRX
FFGZX
LPWRX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2065 Fund (LPWRX) 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.
| LPWRX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.16 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.91 | 8.81 | +0.10 |
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Drawdowns
LPWRX vs. FFGZX - Drawdown Comparison
The maximum LPWRX drawdown since its inception was -33.27%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for LPWRX and FFGZX.
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Drawdown Indicators
| LPWRX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -14.94% | -18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.07% | -3.33% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.36% | -3.82% | -17.54% |
Max Drawdown (5Y)Largest decline over 5 years | -27.28% | -14.94% | -12.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.94% | — |
Current DrawdownCurrent decline from peak | -1.79% | -1.07% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -2.24% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 0.82% | +1.64% |
Volatility
LPWRX vs. FFGZX - Volatility Comparison
BlackRock LifePath Dynamic 2065 Fund (LPWRX) has a higher volatility of 4.64% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.37%. This indicates that LPWRX'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
| LPWRX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 1.37% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 3.86% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 4.47% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 5.17% | +12.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 4.47% | +14.14% |
LPWRX vs. FFGZX - Expense Ratio Comparison
LPWRX has a 0.93% expense ratio, which is higher than FFGZX's 0.08% expense ratio.
Dividends
LPWRX vs. FFGZX - Dividend Comparison
LPWRX's dividend yield for the trailing twelve months is around 2.04%, less than FFGZX's 3.09% 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% |
LPWRX BlackRock LifePath Dynamic 2065 Fund | 2.04% | 2.26% | 1.00% | 2.07% | 2.35% | 9.34% | 1.00% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LPWRX and FFGZX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPWRX has higher volatility (4.64%) compared to FFGZX (1.37%). In terms of maximum drawdown, LPWRX dropped -33.27% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (1.62 vs 1.40), 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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