VIIIX vs. FIPFX
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX).
VIIIX is managed by Vanguard. It was launched on Jul 7, 1997. FIPFX is managed by Fidelity. It was launched on Oct 2, 2009.
Performance
VIIIX vs. FIPFX - Performance Comparison
Loading graphics...
VIIIX vs. FIPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | -7.06% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | -4.14% | 21.40% | 14.15% | 19.91% | -18.22% | 15.93% | 16.46% | 26.02% | -7.28% | 20.54% |
Returns By Period
In the year-to-date period, VIIIX achieves a -7.06% return, which is significantly lower than FIPFX's -4.14% return. Over the past 10 years, VIIIX has outperformed FIPFX with an annualized return of 13.82%, while FIPFX has yielded a comparatively lower 10.39% annualized return.
VIIIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.06%
- 6M
- -4.59%
- 1Y
- 14.44%
- 3Y*
- 17.57%
- 5Y*
- 11.54%
- 10Y*
- 13.82%
FIPFX
- 1D
- -0.17%
- 1M
- -8.51%
- YTD
- -4.14%
- 6M
- -1.24%
- 1Y
- 16.60%
- 3Y*
- 14.20%
- 5Y*
- 7.73%
- 10Y*
- 10.39%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VIIIX vs. FIPFX - Expense Ratio Comparison
VIIIX has a 0.02% expense ratio, which is lower than FIPFX's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VIIIX vs. FIPFX — Risk / Return Rank
VIIIX
FIPFX
VIIIX vs. FIPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Fidelity Freedom Index 2050 Fund Investor Class (FIPFX). 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.
| VIIIX | FIPFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.10 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.60 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.38 | -0.32 |
Martin ratioReturn relative to average drawdown | 5.14 | 6.40 | -1.25 |
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 graphics...
Sharpe Ratios by Period
| VIIIX | FIPFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.10 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.54 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.69 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.65 | -0.19 |
Correlation
The correlation between VIIIX and FIPFX is 0.96, 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
VIIIX vs. FIPFX - Dividend Comparison
VIIIX's dividend yield for the trailing twelve months is around 2.90%, more than FIPFX's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.90% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 2.06% | 1.97% | 2.00% | 1.94% | 2.02% | 1.93% | 1.95% | 15.16% | 2.28% | 2.05% | 2.09% | 2.00% |
Drawdowns
VIIIX vs. FIPFX - Drawdown Comparison
The maximum VIIIX drawdown since its inception was -55.18%, which is greater than FIPFX's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for VIIIX and FIPFX.
Loading graphics...
Drawdown Indicators
| VIIIX | FIPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -30.71% | -24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -10.81% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -26.20% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -30.71% | -3.08% |
Current DrawdownCurrent decline from peak | -8.90% | -8.96% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -4.24% | -5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.33% | +0.16% |
Volatility
VIIIX vs. FIPFX - Volatility Comparison
The current volatility for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) is 4.24%, while Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) has a volatility of 4.95%. This indicates that VIIIX experiences smaller price fluctuations and is considered to be less risky than FIPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VIIIX | FIPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.95% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 8.69% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 15.17% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 14.27% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 15.10% | +2.92% |