VTIVX vs. FQLSX
VTIVX (Vanguard Target Retirement 2045 Fund) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, VTIVX returned 8.84%/yr vs 10.72%/yr for FQLSX. Their 0.98 correlation means they have historically moved very closely together. VTIVX charges 0.08%/yr vs 0.00%/yr for FQLSX.
Performance
VTIVX vs. FQLSX - Performance Comparison
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Returns By Period
In the year-to-date period, VTIVX achieves a 9.10% return, which is significantly lower than FQLSX's 12.26% return.
VTIVX
- 1D
- 1.74%
- 1M
- -0.47%
- 6M
- 6.16%
- YTD
- 9.10%
- 1Y
- 19.82%
- 3Y*
- 15.57%
- 5Y*
- 8.84%
- 10Y*
- 10.82%
- ALL TIME*
- 8.82%
FQLSX
- 1D
- 2.33%
- 1M
- -1.01%
- 6M
- 8.35%
- YTD
- 12.26%
- 1Y
- 24.67%
- 3Y*
- 18.99%
- 5Y*
- 10.72%
- 10Y*
- —
- ALL TIME*
- 12.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VTIVX vs. FQLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | 9.10% | 20.01% | 13.68% | 19.72% | -17.38% | 16.16% | 16.31% | 24.94% | -7.89% | 7.65% |
FQLSX Fidelity Flex Freedom Blend 2055 Fund | 12.26% | 22.80% | 18.08% | 21.04% | -18.58% | 16.89% | 18.43% | 25.96% | -8.31% | 10.12% |
Correlation
The correlation between VTIVX and FQLSX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.98 |
The correlation between VTIVX and FQLSX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
VTIVX vs. FQLSX — Risk / Return Rank
VTIVX
FQLSX
VTIVX vs. FQLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). 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.
| VTIVX | FQLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.42 | -0.21 |
| Martin ratioReturn relative to average drawdown | 9.20 | 10.10 | -0.90 |
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Drawdowns
VTIVX vs. FQLSX - Drawdown Comparison
The maximum VTIVX drawdown since its inception was -51.69%, which is greater than FQLSX's maximum drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for VTIVX and FQLSX.
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Drawdown Indicators
| VTIVX | FQLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.69% | -31.26% | -20.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -9.48% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -15.37% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -27.41% | +2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -31.42% | — | — |
Current DrawdownCurrent decline from peak | -1.79% | -2.17% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -5.36% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.27% | -0.28% |
Volatility
VTIVX vs. FQLSX - Volatility Comparison
The current volatility for Vanguard Target Retirement 2045 Fund (VTIVX) is 3.46%, while Fidelity Flex Freedom Blend 2055 Fund (FQLSX) has a volatility of 4.40%. This indicates that VTIVX experiences smaller price fluctuations and is considered to be less risky than FQLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIVX | FQLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 4.40% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 12.17% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 14.19% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.64% | 15.36% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 16.12% | -1.37% |
VTIVX vs. FQLSX - Expense Ratio Comparison
VTIVX has a 0.08% expense ratio, which is higher than FQLSX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VTIVX vs. FQLSX - Dividend Comparison
VTIVX's dividend yield for the trailing twelve months is around 2.29%, less than FQLSX's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQLSX Fidelity Flex Freedom Blend 2055 Fund | 4.66% | 3.32% | 7.20% | 2.08% | 5.79% | 8.05% | 5.76% | 7.02% | 8.18% | 3.10% | 0.00% | 0.00% |
VTIVX Vanguard Target Retirement 2045 Fund | 2.29% | 2.50% | 2.36% | 2.27% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 0.04% | 2.47% | 3.29% |
Frequently Asked Questions
With a correlation of 0.99, VTIVX and FQLSX 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.
FQLSX has higher volatility (4.40%) compared to VTIVX (3.46%). In terms of maximum drawdown, VTIVX dropped -51.69% vs FQLSX's -31.26%.
FQLSX currently has the higher Sharpe Ratio (1.62 vs 1.59), 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.
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