FATHX vs. FFGZX

Last updated Aug 1, 2026

FATHX (Fidelity Advisor Freedom 2035 Fund Class A) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FATHX returned 9.72%/yr vs 4.03%/yr for FFGZX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FATHX charges 0.96%/yr vs 0.08%/yr for FFGZX.

Performance

FATHX vs. FFGZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2035 Fund Class A (FATHX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FATHX achieves a 7.46% return, which is significantly higher than FFGZX's 3.16% return. Over the past 10 years, FATHX has outperformed FFGZX with an annualized return of 9.72%, while FFGZX has yielded a comparatively lower 4.03% annualized return.

FATHX

• 1D: 1.65%
• 1M: -1.13%
• 6M: 4.66%
• YTD: 7.46%
• 1Y: 15.77%
• 3Y*: 13.25%
• 5Y*: 6.63%
• 10Y*: 9.72%
• ALL TIME*: 6.81%

FFGZX

• 1D: 0.56%
• 1M: -0.47%
• 6M: 2.17%
• YTD: 3.16%
• 1Y: 6.99%
• 3Y*: 6.83%
• 5Y*: 2.70%
• 10Y*: 4.03%
• ALL TIME*: 3.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FATHX Fidelity Advisor Freedom 2035 Fund Class A	$0.00	$0.00	$0.00
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	$0.00	$0.00	$0.00

FATHX vs. FFGZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FATHX Fidelity Advisor Freedom 2035 Fund Class A	7.46%	18.40%	10.45%	16.36%	-17.73%	13.68%	16.19%	25.46%	-8.02%	20.08%
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	3.16%	9.13%	5.02%	8.32%	-11.07%	2.85%	8.59%	10.68%	-0.80%	6.73%

Correlation

The correlation between FATHX and FFGZX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.75
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015	0.76

The correlation between FATHX and FFGZX shifts across timeframes, from 0.75 (10 years) to 0.90 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FATHX vs. FFGZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FATHX

FATHX Risk / Return Rank: 51
FATHX Sharpe Ratio Rank: 48
FATHX Sortino Ratio Rank: 48
FATHX Omega Ratio Rank: 49
FATHX Calmar Ratio Rank: 52
FATHX Martin Ratio Rank: 58

FFGZX

FFGZX Risk / Return Rank: 70
FFGZX Sharpe Ratio Rank: 70
FFGZX Sortino Ratio Rank: 70
FFGZX Omega Ratio Rank: 72
FFGZX Calmar Ratio Rank: 67
FFGZX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FATHX vs. FFGZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2035 Fund Class A (FATHX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.

	FATHX	FFGZX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.62	-0.24
Sortino ratio: Return per unit of downside risk	1.97	2.36	-0.39
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	1.96	2.16	-0.20
Martin ratio: Return relative to average drawdown	7.92	8.81	-0.89

FATHX vs. FFGZX - Sharpe Ratio Comparison

The current FATHX Sharpe Ratio is 1.38, which is comparable to the FFGZX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FATHX and FFGZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FATHX vs. FFGZX - Drawdown Comparison

The maximum FATHX drawdown since its inception was -54.71%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FATHX and FFGZX.

Drawdown Indicators

	FATHX	FFGZX	Difference
Max Drawdown Largest peak-to-trough decline	-54.71%	-14.94%	-39.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-3.33%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-11.44%	-3.82%	-7.62%
Max Drawdown (5Y) Largest decline over 5 years	-26.13%	-14.94%	-11.19%
Max Drawdown (10Y) Largest decline over 10 years	-29.22%	-14.94%	-14.28%
Current Drawdown Current decline from peak	-2.12%	-1.07%	-1.05%
Average Drawdown Average peak-to-trough decline	-7.21%	-2.24%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	0.82%	+1.05%

Volatility

FATHX vs. FFGZX - Volatility Comparison

Fidelity Advisor Freedom 2035 Fund Class A (FATHX) has a higher volatility of 3.33% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.37%. This indicates that FATHX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FATHX	FFGZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	1.37%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	3.86%	+5.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	4.47%	+6.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	5.17%	+7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.59%	4.47%	+9.12%

FATHX vs. FFGZX - Expense Ratio Comparison

FATHX has a 0.96% expense ratio, which is higher than FFGZX's 0.08% expense ratio.

Dividends

FATHX vs. FFGZX - Dividend Comparison

FATHX's dividend yield for the trailing twelve months is around 7.39%, more than FFGZX's 3.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FATHX Fidelity Advisor Freedom 2035 Fund Class A	7.39%	7.30%	3.19%	1.48%	9.82%	9.38%	6.04%	7.14%	11.79%	4.12%	4.69%	5.12%
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	2.76%	3.30%	3.18%	2.88%	3.11%	2.10%	2.22%	7.35%	3.00%	1.95%	1.56%	1.06%

Frequently Asked Questions

Can I hold both FATHX and FFGZX in my portfolio?

With a correlation of 0.90, FATHX and FFGZX 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.

Which is riskier, FATHX or FFGZX?

FATHX has higher volatility (3.33%) compared to FFGZX (1.37%). In terms of maximum drawdown, FATHX dropped -54.71% vs FFGZX's -14.94%.

Which has better risk-adjusted returns?

FFGZX currently has the higher Sharpe Ratio (1.62 vs 1.38), 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.