VFFVX vs. FFLEX
VFFVX (Vanguard Target Retirement 2055 Fund) and FFLEX (Fidelity Freedom Index 2060 Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, VFFVX returned 11.96%/yr vs 11.98%/yr for FFLEX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.08% expense ratio.
Performance
VFFVX vs. FFLEX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with VFFVX having a 12.17% return and FFLEX slightly higher at 12.63%. Both investments have delivered pretty close results over the past 10 years, with VFFVX having a 11.96% annualized return and FFLEX not far ahead at 11.98%.
VFFVX
- 1D
- 0.37%
- 1M
- 5.19%
- YTD
- 12.17%
- 6M
- 13.09%
- 1Y
- 28.26%
- 3Y*
- 19.73%
- 5Y*
- 10.39%
- 10Y*
- 11.96%
FFLEX
- 1D
- 0.41%
- 1M
- 5.63%
- YTD
- 12.63%
- 6M
- 13.55%
- 1Y
- 28.80%
- 3Y*
- 19.60%
- 5Y*
- 10.15%
- 10Y*
- 11.98%
VFFVX vs. FFLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFFVX Vanguard Target Retirement 2055 Fund | 12.17% | 21.44% | 14.50% | 20.39% | -17.48% | 16.44% | 16.33% | 24.98% | -7.88% | 21.39% |
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 12.63% | 21.47% | 14.20% | 19.97% | -18.19% | 15.98% | 16.46% | 26.17% | -7.21% | 20.63% |
Correlation
The correlation between VFFVX and FFLEX is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.99 |
The correlation between VFFVX and FFLEX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VFFVX vs. FFLEX — Risk / Return Rank
VFFVX
FFLEX
VFFVX vs. FFLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2055 Fund (VFFVX) and Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX). 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.
| VFFVX | FFLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.21 | -0.01 |
| Martin ratioReturn relative to average drawdown | 14.23 | 14.22 | +0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VFFVX | FFLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.50 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.71 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.79 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.72 | +0.05 |
Drawdowns
VFFVX vs. FFLEX - Drawdown Comparison
The maximum VFFVX drawdown since its inception was -31.40%, roughly equal to the maximum FFLEX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for VFFVX and FFLEX.
Loading charts...
Drawdown Indicators
| VFFVX | FFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.40% | -30.71% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -9.07% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -14.68% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -26.17% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -31.40% | -30.71% | -0.69% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -4.67% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.04% | -0.03% |
Volatility
VFFVX vs. FFLEX - Volatility Comparison
Vanguard Target Retirement 2055 Fund (VFFVX) and Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) have volatilities of 3.37% and 3.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VFFVX | FFLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.53% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 9.38% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 11.64% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 14.39% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 15.16% | -0.06% |
VFFVX vs. FFLEX - Expense Ratio Comparison
Both VFFVX and FFLEX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VFFVX vs. FFLEX - Dividend Comparison
VFFVX's dividend yield for the trailing twelve months is around 1.85%, more than FFLEX's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 1.71% | 1.98% | 1.98% | 1.94% | 2.03% | 1.95% | 1.85% | 6.75% | 2.36% | 2.16% | 2.44% | 1.82% |
VFFVX Vanguard Target Retirement 2055 Fund | 1.85% | 2.08% | 2.31% | 2.18% | 2.19% | 10.03% | 1.82% | 2.15% | 2.35% | 1.83% | 1.99% | 1.98% |
Frequently Asked Questions
With a correlation of 1.00, VFFVX and FFLEX 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.
FFLEX has higher volatility (3.53%) compared to VFFVX (3.37%). In terms of maximum drawdown, VFFVX dropped -31.40% vs FFLEX's -30.71%.
VFFVX currently has the higher Sharpe Ratio (2.51 vs 2.50), 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.
Find the right allocation for VFFVX and FFLEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer