STLFX vs. FRBEX

Last updated Jun 4, 2026

STLFX (BlackRock LifePath Dynamic 2050 Fund) and FRBEX (Fidelity Freedom 2070 Fund Class K) are both Target Retirement Date funds. Over the past year, STLFX returned 28.27% vs 31.12% for FRBEX. Their correlation of 0.93 suggests significant overlap in exposure. STLFX charges 0.49%/yr vs 0.65%/yr for FRBEX.

Performance

STLFX vs. FRBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Dynamic 2050 Fund (STLFX) and Fidelity Freedom 2070 Fund Class K (FRBEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STLFX achieves a 13.13% return, which is significantly lower than FRBEX's 13.88% return.

STLFX

• 1D: 0.38%
• 1M: 5.27%
• YTD: 13.13%
• 6M: 14.07%
• 1Y: 28.27%
• 3Y*: 16.89%
• 5Y*: 8.54%
• 10Y*: 11.19%

FRBEX

• 1D: 0.66%
• 1M: 5.17%
• YTD: 13.88%
• 6M: 15.74%
• 1Y: 31.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STLFX vs. FRBEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
STLFX BlackRock LifePath Dynamic 2050 Fund	13.13%	20.03%	-4.90%
FRBEX Fidelity Freedom 2070 Fund Class K	13.88%	23.38%	3.52%

Correlation

The correlation between STLFX and FRBEX is 0.97 - 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	0.97
Correlation (All Time) Calculated using the full available price history since Jul 5, 2024	0.93

The correlation between STLFX and FRBEX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

STLFX vs. FRBEX — Risk / Return Rank

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

STLFX

STLFX Risk / Return Rank: 56
STLFX Sharpe Ratio Rank: 52
STLFX Sortino Ratio Rank: 49
STLFX Omega Ratio Rank: 48
STLFX Calmar Ratio Rank: 62
STLFX Martin Ratio Rank: 68

FRBEX

FRBEX Risk / Return Rank: 71
FRBEX Sharpe Ratio Rank: 72
FRBEX Sortino Ratio Rank: 66
FRBEX Omega Ratio Rank: 68
FRBEX Calmar Ratio Rank: 70
FRBEX Martin Ratio Rank: 76

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.

STLFX vs. FRBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2050 Fund (STLFX) and Fidelity Freedom 2070 Fund Class K (FRBEX). 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.

	STLFX	FRBEX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.48	-0.36
Sortino ratio: Return per unit of downside risk	2.96	3.42	-0.46
Omega ratio: Gain probability vs. loss probability	1.38	1.46	-0.08
Calmar ratio: Return relative to maximum drawdown	3.02	3.25	-0.23
Martin ratio: Return relative to average drawdown	13.18	14.39	-1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STLFX vs. FRBEX - Sharpe Ratio Comparison

The current STLFX Sharpe Ratio is 2.13, which is comparable to the FRBEX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of STLFX and FRBEX, 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

	STLFX	FRBEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	2.48	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.40	-0.99

Drawdowns

STLFX vs. FRBEX - Drawdown Comparison

The maximum STLFX drawdown since its inception was -50.35%, which is greater than FRBEX's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for STLFX and FRBEX.

Drawdown Indicators

	STLFX	FRBEX	Difference
Max Drawdown Largest peak-to-trough decline	-50.35%	-15.31%	-35.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.45%	-9.79%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-23.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.48%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.78%	-1.79%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.20%	-0.04%

Volatility

STLFX vs. FRBEX - Volatility Comparison

The current volatility for BlackRock LifePath Dynamic 2050 Fund (STLFX) is 3.88%, while Fidelity Freedom 2070 Fund Class K (FRBEX) has a volatility of 4.34%. This indicates that STLFX experiences smaller price fluctuations and is considered to be less risky than FRBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STLFX	FRBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.34%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	10.55%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	12.80%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	15.82%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	15.82%	+0.60%

STLFX vs. FRBEX - Expense Ratio Comparison

STLFX has a 0.49% expense ratio, which is lower than FRBEX's 0.65% expense ratio.

Dividends

STLFX vs. FRBEX - Dividend Comparison

STLFX's dividend yield for the trailing twelve months is around 5.48%, more than FRBEX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRBEX Fidelity Freedom 2070 Fund Class K	4.11%	2.38%	2.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
STLFX BlackRock LifePath Dynamic 2050 Fund	5.48%	6.20%	1.86%	2.91%	2.51%	16.88%	2.27%	6.09%	15.73%	5.87%	2.00%	9.21%

Frequently Asked Questions

Can I hold both STLFX and FRBEX in my portfolio?

With a correlation of 0.97, STLFX and FRBEX 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, STLFX or FRBEX?

FRBEX has higher volatility (4.34%) compared to STLFX (3.88%). In terms of maximum drawdown, STLFX dropped -50.35% vs FRBEX's -15.31%.

Which has better risk-adjusted returns?

FRBEX currently has the higher Sharpe Ratio (2.48 vs 2.13), 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.