MXGNX vs. FDFPX

Last updated Aug 1, 2026

MXGNX (Great-West Lifetime 2060 Fund) and FDFPX (Fidelity Flex Freedom Blend 2065 Fund) are both Target Retirement Date funds. Over the past 5 years, MXGNX returned 7.44%/yr vs 10.66%/yr for FDFPX. Their correlation of 0.85 means they have usually moved in the same direction. MXGNX charges 0.47%/yr vs 0.00%/yr for FDFPX.

Performance

MXGNX vs. FDFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Lifetime 2060 Fund (MXGNX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXGNX achieves a 10.92% return, which is significantly lower than FDFPX's 12.26% return.

MXGNX

• 1D: 1.71%
• 1M: 0.00%
• 6M: 7.47%
• YTD: 10.92%
• 1Y: 21.16%
• 3Y*: 14.24%
• 5Y*: 7.44%
• 10Y*: —
• ALL TIME*: 10.19%

FDFPX

• 1D: 2.29%
• 1M: -0.99%
• 6M: 8.37%
• YTD: 12.26%
• 1Y: 24.70%
• 3Y*: 18.92%
• 5Y*: 10.66%
• 10Y*: —
• ALL TIME*: 13.27%

*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)
FDFPX Fidelity Flex Freedom Blend 2065 Fund	$0.00	$0.00	$0.00
MXGNX Great-West Lifetime 2060 Fund	$0.00	$0.00	$0.00

MXGNX vs. FDFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MXGNX Great-West Lifetime 2060 Fund	10.92%	17.97%	10.55%	17.34%	-17.97%	16.08%	13.72%	8.45%
FDFPX Fidelity Flex Freedom Blend 2065 Fund	12.26%	22.81%	17.81%	20.93%	-18.57%	16.84%	18.54%	9.17%

Correlation

The correlation between MXGNX and FDFPX is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019	0.85

The correlation between MXGNX and FDFPX has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.

Return for Risk

MXGNX vs. FDFPX — Risk / Return Rank

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

MXGNX

MXGNX Risk / Return Rank: 54
MXGNX Sharpe Ratio Rank: 50
MXGNX Sortino Ratio Rank: 49
MXGNX Omega Ratio Rank: 50
MXGNX Calmar Ratio Rank: 55
MXGNX Martin Ratio Rank: 64

FDFPX

FDFPX Risk / Return Rank: 72
FDFPX Sharpe Ratio Rank: 69
FDFPX Sortino Ratio Rank: 67
FDFPX Omega Ratio Rank: 69
FDFPX Calmar Ratio Rank: 75
FDFPX Martin Ratio Rank: 82

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.

MXGNX vs. FDFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Lifetime 2060 Fund (MXGNX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). 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.

	MXGNX	FDFPX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.61	-0.18
Sortino ratio: Return per unit of downside risk	2.05	2.27	-0.22
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.07	2.40	-0.33
Martin ratio: Return relative to average drawdown	8.54	10.04	-1.50

MXGNX vs. FDFPX - Sharpe Ratio Comparison

The current MXGNX Sharpe Ratio is 1.43, which is comparable to the FDFPX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of MXGNX and FDFPX, 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

MXGNX vs. FDFPX - Drawdown Comparison

The maximum MXGNX drawdown since its inception was -31.98%, roughly equal to the maximum FDFPX drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for MXGNX and FDFPX.

Drawdown Indicators

	MXGNX	FDFPX	Difference
Max Drawdown Largest peak-to-trough decline	-31.98%	-31.22%	-0.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-9.54%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-15.42%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	-27.41%	-3.19%
Current Drawdown Current decline from peak	-0.91%	-2.19%	+1.28%
Average Drawdown Average peak-to-trough decline	-7.43%	-5.76%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.28%	-0.03%

Volatility

MXGNX vs. FDFPX - Volatility Comparison

The current volatility for Great-West Lifetime 2060 Fund (MXGNX) is 3.32%, while Fidelity Flex Freedom Blend 2065 Fund (FDFPX) has a volatility of 4.37%. This indicates that MXGNX experiences smaller price fluctuations and is considered to be less risky than FDFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXGNX	FDFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	4.37%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	12.20%	-1.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	14.21%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	15.34%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	17.21%	+0.83%

MXGNX vs. FDFPX - Expense Ratio Comparison

MXGNX has a 0.47% expense ratio, which is higher than FDFPX's 0.00% expense ratio.

Dividends

MXGNX vs. FDFPX - Dividend Comparison

MXGNX's dividend yield for the trailing twelve months is around 6.56%, more than FDFPX's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FDFPX Fidelity Flex Freedom Blend 2065 Fund	3.81%	2.87%	6.56%	2.22%	5.41%	8.52%	5.38%	3.19%
MXGNX Great-West Lifetime 2060 Fund	6.56%	7.28%	6.42%	4.74%	7.99%	8.55%	5.26%	2.56%

Frequently Asked Questions

Can I hold both MXGNX and FDFPX in my portfolio?

With a correlation of 0.94, MXGNX and FDFPX 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, MXGNX or FDFPX?

FDFPX has higher volatility (4.37%) compared to MXGNX (3.32%). In terms of maximum drawdown, MXGNX dropped -31.98% vs FDFPX's -31.22%.

Which has better risk-adjusted returns?

FDFPX currently has the higher Sharpe Ratio (1.61 vs 1.43), 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.