FAXGX vs. FQLSX
FAXGX (Fidelity Advisor Freedom Blend 2065 Fund Class Z) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FAXGX returned 9.61%/yr vs 10.72%/yr for FQLSX. Their 0.99 correlation means they have historically moved very closely together. FAXGX charges 0.39%/yr vs 0.00%/yr for FQLSX.
Performance
FAXGX vs. FQLSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FAXGX having a 12.09% return and FQLSX slightly higher at 12.26%.
FAXGX
- 1D
- 2.34%
- 1M
- -1.02%
- 6M
- 8.19%
- YTD
- 12.09%
- 1Y
- 24.49%
- 3Y*
- 17.38%
- 5Y*
- 9.61%
- 10Y*
- —
- ALL TIME*
- 12.39%
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 |
FAXGX vs. FQLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FAXGX Fidelity Advisor Freedom Blend 2065 Fund Class Z | 12.09% | 22.78% | 13.65% | 20.53% | -18.96% | 16.36% | 17.96% | 9.10% |
FQLSX Fidelity Flex Freedom Blend 2055 Fund | 12.26% | 22.80% | 18.08% | 21.04% | -18.58% | 16.89% | 18.43% | 9.65% |
Correlation
The correlation between FAXGX and FQLSX is 1.00 - 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. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.99 |
The correlation between FAXGX and FQLSX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FAXGX vs. FQLSX — Risk / Return Rank
FAXGX
FQLSX
FAXGX vs. FQLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2065 Fund Class Z (FAXGX) 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.
| FAXGX | FQLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.42 | -0.08 |
| Martin ratioReturn relative to average drawdown | 9.83 | 10.10 | -0.27 |
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Drawdowns
FAXGX vs. FQLSX - Drawdown Comparison
The maximum FAXGX drawdown since its inception was -31.34%, roughly equal to the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for FAXGX and FQLSX.
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Drawdown Indicators
| FAXGX | FQLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -31.26% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -9.48% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.49% | -15.37% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | -27.41% | -0.29% |
Current DrawdownCurrent decline from peak | -2.24% | -2.17% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -5.36% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.27% | +0.03% |
Volatility
FAXGX vs. FQLSX - Volatility Comparison
Fidelity Advisor Freedom Blend 2065 Fund Class Z (FAXGX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX) have volatilities of 4.39% and 4.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAXGX | FQLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.40% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 12.17% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 14.19% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 15.36% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 16.12% | +1.13% |
FAXGX vs. FQLSX - Expense Ratio Comparison
FAXGX has a 0.39% expense ratio, which is higher than FQLSX's 0.00% expense ratio.
Dividends
FAXGX vs. FQLSX - Dividend Comparison
FAXGX's dividend yield for the trailing twelve months is around 3.33%, less than FQLSX's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAXGX Fidelity Advisor Freedom Blend 2065 Fund Class Z | 3.33% | 2.52% | 2.91% | 1.98% | 5.31% | 6.81% | 3.44% | 2.84% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
With a correlation of 1.00, FAXGX 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 FAXGX (4.39%). In terms of maximum drawdown, FAXGX dropped -31.34% vs FQLSX's -31.26%.
FQLSX currently has the higher Sharpe Ratio (1.62 vs 1.58), 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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