AADVX vs. FNSHX

Last updated Jun 6, 2026

AADVX (American Century One Choice Blend+ 2055 Portfolio) and FNSHX (Fidelity Freedom Income Fund Class K) are both Target Retirement Date funds. Over the past 5 years, AADVX returned 8.84%/yr vs 3.18%/yr for FNSHX. A 0.70 correlation means they provide meaningful diversification when combined. AADVX charges 0.58%/yr vs 0.42%/yr for FNSHX.

Performance

AADVX vs. FNSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century One Choice Blend+ 2055 Portfolio (AADVX) and Fidelity Freedom Income Fund Class K (FNSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AADVX achieves a 10.94% return, which is significantly higher than FNSHX's 4.80% return.

AADVX

• 1D: 0.58%
• 1M: 1.60%
• YTD: 10.94%
• 6M: 11.75%
• 1Y: 26.89%
• 3Y*: 18.56%
• 5Y*: 8.84%
• 10Y*: —

FNSHX

• 1D: 0.09%
• 1M: 0.34%
• YTD: 4.80%
• 6M: 5.20%
• 1Y: 11.12%
• 3Y*: 8.04%
• 5Y*: 3.18%
• 10Y*: —

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

AADVX vs. FNSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AADVX American Century One Choice Blend+ 2055 Portfolio	10.94%	20.15%	14.53%	16.70%	-16.92%	9.39%
FNSHX Fidelity Freedom Income Fund Class K	4.80%	10.35%	4.40%	8.26%	-11.31%	3.35%

Correlation

The correlation between AADVX and FNSHX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 11, 2021	0.70

The correlation between AADVX and FNSHX has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.

Return for Risk

AADVX vs. FNSHX — Risk / Return Rank

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

AADVX

AADVX Risk / Return Rank: 63
AADVX Sharpe Ratio Rank: 64
AADVX Sortino Ratio Rank: 61
AADVX Omega Ratio Rank: 61
AADVX Calmar Ratio Rank: 62
AADVX Martin Ratio Rank: 69

FNSHX

FNSHX Risk / Return Rank: 71
FNSHX Sharpe Ratio Rank: 72
FNSHX Sortino Ratio Rank: 74
FNSHX Omega Ratio Rank: 75
FNSHX Calmar Ratio Rank: 64
FNSHX Martin Ratio Rank: 71

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.

AADVX vs. FNSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century One Choice Blend+ 2055 Portfolio (AADVX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.

	AADVX	FNSHX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.39	-0.10
Sortino ratio: Return per unit of downside risk	3.18	3.49	-0.31
Omega ratio: Gain probability vs. loss probability	1.42	1.48	-0.06
Calmar ratio: Return relative to maximum drawdown	2.92	2.99	-0.07
Martin ratio: Return relative to average drawdown	12.77	13.10	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AADVX vs. FNSHX - Sharpe Ratio Comparison

The current AADVX Sharpe Ratio is 2.29, which is comparable to the FNSHX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of AADVX and FNSHX, 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

	AADVX	FNSHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.39	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.60	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.84	-0.17

Drawdowns

AADVX vs. FNSHX - Drawdown Comparison

The maximum AADVX drawdown since its inception was -26.03%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for AADVX and FNSHX.

Drawdown Indicators

	AADVX	FNSHX	Difference
Max Drawdown Largest peak-to-trough decline	-26.03%	-15.87%	-10.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-3.68%	-5.51%
Max Drawdown (3Y) Largest decline over 3 years	-15.92%	-4.89%	-11.03%
Max Drawdown (5Y) Largest decline over 5 years	-26.03%	-15.87%	-10.16%
Current Drawdown Current decline from peak	-0.14%	-0.17%	+0.03%
Average Drawdown Average peak-to-trough decline	-6.55%	-3.04%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	0.84%	+1.25%

Volatility

AADVX vs. FNSHX - Volatility Comparison

American Century One Choice Blend+ 2055 Portfolio (AADVX) has a higher volatility of 3.38% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 1.91%. This indicates that AADVX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AADVX	FNSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	1.91%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	3.89%	+5.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	4.62%	+7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	5.35%	+9.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.49%	4.84%	+9.65%

AADVX vs. FNSHX - Expense Ratio Comparison

AADVX has a 0.58% expense ratio, which is higher than FNSHX's 0.42% expense ratio.

Dividends

AADVX vs. FNSHX - Dividend Comparison

AADVX's dividend yield for the trailing twelve months is around 3.35%, more than FNSHX's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AADVX American Century One Choice Blend+ 2055 Portfolio	3.35%	3.72%	3.05%	1.66%	3.21%	3.11%	0.00%	0.00%	0.00%
FNSHX Fidelity Freedom Income Fund Class K	3.00%	3.21%	3.19%	2.98%	5.94%	6.17%	4.43%	3.74%	5.22%

Frequently Asked Questions

Can I hold both AADVX and FNSHX in my portfolio?

AADVX and FNSHX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AADVX or FNSHX?

AADVX has higher volatility (3.38%) compared to FNSHX (1.91%). In terms of maximum drawdown, AADVX dropped -26.03% vs FNSHX's -15.87%.

Which has better risk-adjusted returns?

FNSHX currently has the higher Sharpe Ratio (2.39 vs 2.29), 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.