NMCIX vs. FFOPX

Last updated Aug 4, 2026

NMCIX (Voya MidCap Opportunities Fund) and FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) are both mutual funds - NMCIX is a Mid Cap Growth Equities fund managed by Voya, while FFOPX is a Target Retirement Date fund actively managed by Fidelity. Over the past 10 years, NMCIX returned 11.29%/yr vs 11.50%/yr for FFOPX. Their correlation of 0.85 means they have usually moved in the same direction. NMCIX charges 0.93%/yr vs 0.08%/yr for FFOPX.

Performance

NMCIX vs. FFOPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya MidCap Opportunities Fund (NMCIX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NMCIX achieves a 6.06% return, which is significantly lower than FFOPX's 10.59% return. Both investments have delivered pretty close results over the past 10 years, with NMCIX having a 11.29% annualized return and FFOPX not far ahead at 11.50%.

NMCIX

• 1D: 0.16%
• 1M: -3.24%
• 6M: 5.61%
• YTD: 6.06%
• 1Y: 1.55%
• 3Y*: 9.43%
• 5Y*: 2.92%
• 10Y*: 11.29%
• ALL TIME*: 9.72%

FFOPX

• 1D: 0.29%
• 1M: -0.20%
• 6M: 7.02%
• YTD: 10.59%
• 1Y: 22.19%
• 3Y*: 16.80%
• 5Y*: 9.33%
• 10Y*: 11.50%
• ALL TIME*: 10.50%

*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)
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	$0.00	$0.00	$0.00
NMCIX Voya MidCap Opportunities Fund	$0.00	$0.00	$0.00

NMCIX vs. FFOPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMCIX Voya MidCap Opportunities Fund	6.06%	3.45%	15.64%	23.34%	-25.31%	11.38%	40.69%	37.57%	-7.98%	24.98%
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	10.59%	21.41%	14.20%	19.97%	-18.20%	15.98%	16.55%	26.00%	-7.19%	20.61%

Correlation

The correlation between NMCIX and FFOPX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015	0.85

The correlation between NMCIX and FFOPX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

NMCIX vs. FFOPX — Risk / Return Rank

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

NMCIX

NMCIX Risk / Return Rank: 5
NMCIX Sharpe Ratio Rank: 5
NMCIX Sortino Ratio Rank: 5
NMCIX Omega Ratio Rank: 5
NMCIX Calmar Ratio Rank: 5
NMCIX Martin Ratio Rank: 5

FFOPX

FFOPX Risk / Return Rank: 68
FFOPX Sharpe Ratio Rank: 67
FFOPX Sortino Ratio Rank: 64
FFOPX Omega Ratio Rank: 64
FFOPX Calmar Ratio Rank: 69
FFOPX Martin Ratio Rank: 76

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.

NMCIX vs. FFOPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya MidCap Opportunities Fund (NMCIX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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.

	NMCIX	FFOPX	Difference
Sharpe ratio: Return per unit of total volatility	0.09	1.66	-1.57
Sortino ratio: Return per unit of downside risk	0.27	2.32	-2.06
Omega ratio: Gain probability vs. loss probability	1.03	1.30	-0.27
Calmar ratio: Return relative to maximum drawdown	0.10	2.36	-2.27
Martin ratio: Return relative to average drawdown	0.28	9.77	-9.49

NMCIX vs. FFOPX - Sharpe Ratio Comparison

The current NMCIX Sharpe Ratio is 0.09, which is lower than the FFOPX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of NMCIX and FFOPX, 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

NMCIX vs. FFOPX - Drawdown Comparison

The maximum NMCIX drawdown since its inception was -68.41%, which is greater than FFOPX's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for NMCIX and FFOPX.

Drawdown Indicators

	NMCIX	FFOPX	Difference
Max Drawdown Largest peak-to-trough decline	-68.41%	-30.71%	-37.70%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	-8.97%	-8.41%
Max Drawdown (3Y) Largest decline over 3 years	-26.22%	-14.72%	-11.50%
Max Drawdown (5Y) Largest decline over 5 years	-39.00%	-26.18%	-12.82%
Max Drawdown (10Y) Largest decline over 10 years	-39.00%	-30.71%	-8.29%
Current Drawdown Current decline from peak	-5.15%	-1.67%	-3.48%
Average Drawdown Average peak-to-trough decline	-20.79%	-4.63%	-16.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	2.16%	+3.61%

Volatility

NMCIX vs. FFOPX - Volatility Comparison

Voya MidCap Opportunities Fund (NMCIX) has a higher volatility of 4.45% compared to Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) at 3.71%. This indicates that NMCIX's price experiences larger fluctuations and is considered to be riskier than FFOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMCIX	FFOPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	3.71%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	15.53%	10.77%	+4.76%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	12.80%	+6.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	14.57%	+8.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	15.16%	+6.96%

NMCIX vs. FFOPX - Expense Ratio Comparison

NMCIX has a 0.93% expense ratio, which is higher than FFOPX's 0.08% expense ratio.

Dividends

NMCIX vs. FFOPX - Dividend Comparison

NMCIX's dividend yield for the trailing twelve months is around 13.16%, more than FFOPX's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	1.81%	2.01%	2.04%	1.98%	2.07%	2.05%	1.97%	15.21%	2.32%	2.09%	2.14%	2.01%
NMCIX Voya MidCap Opportunities Fund	13.16%	13.96%	10.01%	0.72%	0.00%	21.64%	17.74%	12.19%	19.82%	13.64%	6.06%	8.73%

Frequently Asked Questions

Can I hold both NMCIX and FFOPX in my portfolio?

NMCIX and FFOPX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NMCIX or FFOPX?

NMCIX has higher volatility (4.45%) compared to FFOPX (3.71%). In terms of maximum drawdown, NMCIX dropped -68.41% vs FFOPX's -30.71%.

Which has better risk-adjusted returns?

FFOPX currently has the higher Sharpe Ratio (1.66 vs 0.09), 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.