FCQTX vs. FHDFX
FCQTX (American Funds 2065 Target Date Retirement Fund) and FHDFX (Fidelity Advisor Freedom Blend 2045 Fund Class C) are both Target Retirement Date funds. Over the past 5 years, FCQTX returned 9.35%/yr vs 8.42%/yr for FHDFX. Their 0.97 correlation means they have historically moved very closely together. FCQTX charges 0.01%/yr vs 1.49%/yr for FHDFX.
Performance
FCQTX vs. FHDFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCQTX achieves a 9.46% return, which is significantly lower than FHDFX's 11.44% return.
FCQTX
- 1D
- 0.82%
- 1M
- -0.90%
- 6M
- 6.15%
- YTD
- 9.46%
- 1Y
- 19.84%
- 3Y*
- 17.10%
- 5Y*
- 9.35%
- 10Y*
- —
- ALL TIME*
- 16.09%
FHDFX
- 1D
- 0.44%
- 1M
- -0.69%
- 6M
- 7.16%
- YTD
- 11.44%
- 1Y
- 23.17%
- 3Y*
- 16.37%
- 5Y*
- 8.42%
- 10Y*
- —
- ALL TIME*
- 10.12%
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 |
FCQTX vs. FHDFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCQTX American Funds 2065 Target Date Retirement Fund | 9.46% | 20.74% | 15.64% | 21.56% | -19.63% | 17.34% | 47.06% |
FHDFX Fidelity Advisor Freedom Blend 2045 Fund Class C | 11.44% | 21.40% | 12.39% | 19.34% | -19.85% | 15.00% | 44.72% |
Correlation
The correlation between FCQTX and FHDFX is 0.97 - 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. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2020 | 0.97 |
The correlation between FCQTX and FHDFX has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCQTX vs. FHDFX — Risk / Return Rank
FCQTX
FHDFX
FCQTX vs. FHDFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2065 Target Date Retirement Fund (FCQTX) and Fidelity Advisor Freedom Blend 2045 Fund Class C (FHDFX). 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.
| FCQTX | FHDFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.30 | -0.40 |
| Martin ratioReturn relative to average drawdown | 8.12 | 9.53 | -1.41 |
Loading charts...
Drawdowns
FCQTX vs. FHDFX - Drawdown Comparison
The maximum FCQTX drawdown since its inception was -27.34%, smaller than the maximum FHDFX drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for FCQTX and FHDFX.
Loading charts...
Drawdown Indicators
| FCQTX | FHDFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -31.40% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -9.57% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -15.69% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -28.49% | +1.15% |
Current DrawdownCurrent decline from peak | -1.82% | -1.91% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -6.19% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.30% | -0.01% |
Volatility
FCQTX vs. FHDFX - Volatility Comparison
American Funds 2065 Target Date Retirement Fund (FCQTX) and Fidelity Advisor Freedom Blend 2045 Fund Class C (FHDFX) have volatilities of 3.97% and 4.14%, 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.
Loading charts...
Volatility by Period
| FCQTX | FHDFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.14% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 11.96% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.36% | 14.01% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 15.29% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 16.89% | -1.81% |
FCQTX vs. FHDFX - Expense Ratio Comparison
FCQTX has a 0.01% expense ratio, which is lower than FHDFX's 1.49% expense ratio.
Dividends
FCQTX vs. FHDFX - Dividend Comparison
FCQTX's dividend yield for the trailing twelve months is around 4.26%, more than FHDFX's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FCQTX American Funds 2065 Target Date Retirement Fund | 4.26% | 4.67% | 2.80% | 1.99% | 3.96% | 1.54% | 0.72% | 0.00% | 0.00% |
FHDFX Fidelity Advisor Freedom Blend 2045 Fund Class C | 3.12% | 2.08% | 1.65% | 1.20% | 5.64% | 7.99% | 4.46% | 2.63% | 2.80% |
Frequently Asked Questions
With a correlation of 0.97, FCQTX and FHDFX 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.
FHDFX has higher volatility (4.14%) compared to FCQTX (3.97%). In terms of maximum drawdown, FCQTX dropped -27.34% vs FHDFX's -31.40%.
FHDFX currently has the higher Sharpe Ratio (1.57 vs 1.39), 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.
Find the right allocation for FCQTX and FHDFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer