VFORX vs. FCFFX
Compare and contrast key facts about Vanguard Target Retirement 2040 Fund (VFORX) and Fidelity Advisor Freedom 2040 Fund Class C (FCFFX).
VFORX is managed by Vanguard. It was launched on Jun 7, 2006. FCFFX is managed by Fidelity. It was launched on Jul 24, 2003.
Performance
VFORX vs. FCFFX - Performance Comparison
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VFORX vs. FCFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFORX Vanguard Target Retirement 2040 Fund | -3.32% | 18.77% | 12.90% | 18.56% | -17.00% | 14.55% | 15.48% | 23.86% | -7.32% | 18.45% |
FCFFX Fidelity Advisor Freedom 2040 Fund Class C | -3.58% | 20.23% | 11.76% | 17.50% | -18.93% | 14.90% | 16.35% | 25.42% | -9.19% | 20.51% |
Returns By Period
In the year-to-date period, VFORX achieves a -3.32% return, which is significantly higher than FCFFX's -3.58% return. Both investments have delivered pretty close results over the past 10 years, with VFORX having a 9.48% annualized return and FCFFX not far behind at 9.33%.
VFORX
- 1D
- -0.14%
- 1M
- -7.37%
- YTD
- -3.32%
- 6M
- -0.71%
- 1Y
- 15.06%
- 3Y*
- 13.11%
- 5Y*
- 7.08%
- 10Y*
- 9.48%
FCFFX
- 1D
- -0.18%
- 1M
- -8.42%
- YTD
- -3.58%
- 6M
- -1.01%
- 1Y
- 15.34%
- 3Y*
- 12.80%
- 5Y*
- 6.20%
- 10Y*
- 9.33%
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VFORX vs. FCFFX - Expense Ratio Comparison
VFORX has a 0.08% expense ratio, which is lower than FCFFX's 1.75% expense ratio.
Return for Risk
VFORX vs. FCFFX — Risk / Return Rank
VFORX
FCFFX
VFORX vs. FCFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2040 Fund (VFORX) and Fidelity Advisor Freedom 2040 Fund Class C (FCFFX). 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.
| VFORX | FCFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.07 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.54 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.33 | +0.22 |
Martin ratioReturn relative to average drawdown | 7.04 | 5.90 | +1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VFORX | FCFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.07 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.44 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.62 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.37 | +0.09 |
Correlation
The correlation between VFORX and FCFFX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VFORX vs. FCFFX - Dividend Comparison
VFORX's dividend yield for the trailing twelve months is around 2.86%, less than FCFFX's 7.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFORX Vanguard Target Retirement 2040 Fund | 2.86% | 2.77% | 2.86% | 2.38% | 2.60% | 20.68% | 2.06% | 2.28% | 2.58% | 0.04% | 2.40% | 2.99% |
FCFFX Fidelity Advisor Freedom 2040 Fund Class C | 7.25% | 6.99% | 2.18% | 0.70% | 10.63% | 9.51% | 5.52% | 6.57% | 11.46% | 4.73% | 4.30% | 3.94% |
Drawdowns
VFORX vs. FCFFX - Drawdown Comparison
The maximum VFORX drawdown since its inception was -51.63%, smaller than the maximum FCFFX drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for VFORX and FCFFX.
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Drawdown Indicators
| VFORX | FCFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.63% | -56.57% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -10.26% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -27.88% | +3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -29.35% | -31.31% | +1.96% |
Current DrawdownCurrent decline from peak | -7.70% | -8.92% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -8.41% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.32% | -0.36% |
Volatility
VFORX vs. FCFFX - Volatility Comparison
The current volatility for Vanguard Target Retirement 2040 Fund (VFORX) is 4.11%, while Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) has a volatility of 5.04%. This indicates that VFORX experiences smaller price fluctuations and is considered to be less risky than FCFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFORX | FCFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 5.04% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 8.45% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 14.30% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.35% | 14.20% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.64% | 15.12% | -1.48% |