FDFSX vs. FDFPX
FDFSX (Fidelity Advisor Freedom 2065 Fund Class I) and FDFPX (Fidelity Flex Freedom Blend 2065 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FDFSX returned 9.24%/yr vs 10.66%/yr for FDFPX. Their 0.99 correlation means they have historically moved very closely together. FDFSX charges 0.75%/yr vs 0.00%/yr for FDFPX.
Performance
FDFSX vs. FDFPX - Performance Comparison
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Returns By Period
In the year-to-date period, FDFSX achieves a 10.67% return, which is significantly lower than FDFPX's 12.26% return.
FDFSX
- 1D
- 2.32%
- 1M
- -1.21%
- 6M
- 6.91%
- YTD
- 10.67%
- 1Y
- 21.82%
- 3Y*
- 17.01%
- 5Y*
- 9.24%
- 10Y*
- —
- ALL TIME*
- 11.99%
FDFPX
- 1D
- 2.29%
- 1M
- -0.99%
- 6M
- 8.37%
- YTD
- 12.26%
- 1Y
- 24.70%
- 3Y*
- 18.92%
- 5Y*
- 10.66%
- 10Y*
- —
- ALL TIME*
- 13.27%
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 |
FDFSX vs. FDFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDFSX Fidelity Advisor Freedom 2065 Fund Class I | 10.67% | 23.07% | 13.68% | 19.25% | -18.28% | 15.96% | 17.36% | 8.68% |
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 12.26% | 22.81% | 17.81% | 20.93% | -18.57% | 16.84% | 18.54% | 9.17% |
Correlation
The correlation between FDFSX and FDFPX 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 FDFSX and FDFPX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FDFSX vs. FDFPX — Risk / Return Rank
FDFSX
FDFPX
FDFSX vs. FDFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2065 Fund Class I (FDFSX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). 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.
| FDFSX | FDFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.40 | -0.36 |
| Martin ratioReturn relative to average drawdown | 8.48 | 10.04 | -1.56 |
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Drawdowns
FDFSX vs. FDFPX - Drawdown Comparison
The maximum FDFSX drawdown since its inception was -31.32%, roughly equal to the maximum FDFPX drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for FDFSX and FDFPX.
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Drawdown Indicators
| FDFSX | FDFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.32% | -31.22% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -9.54% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -15.42% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | -27.41% | +0.09% |
Current DrawdownCurrent decline from peak | -2.51% | -2.19% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -5.76% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.28% | +0.10% |
Volatility
FDFSX vs. FDFPX - Volatility Comparison
Fidelity Advisor Freedom 2065 Fund Class I (FDFSX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX) have volatilities of 4.50% and 4.37%, 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
| FDFSX | FDFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.37% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 12.20% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 14.21% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 15.34% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 17.21% | +0.01% |
FDFSX vs. FDFPX - Expense Ratio Comparison
FDFSX has a 0.75% expense ratio, which is higher than FDFPX's 0.00% expense ratio.
Dividends
FDFSX vs. FDFPX - Dividend Comparison
FDFSX's dividend yield for the trailing twelve months is around 5.76%, more than FDFPX's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 3.81% | 2.87% | 6.56% | 2.22% | 5.41% | 8.52% | 5.38% | 3.19% |
FDFSX Fidelity Advisor Freedom 2065 Fund Class I | 5.76% | 4.70% | 0.58% | 1.84% | 8.60% | 6.72% | 2.70% | 1.67% |
Frequently Asked Questions
With a correlation of 1.00, FDFSX and FDFPX 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.
FDFSX has higher volatility (4.50%) compared to FDFPX (4.37%). In terms of maximum drawdown, FDFSX dropped -31.32% vs FDFPX's -31.22%.
FDFPX currently has the higher Sharpe Ratio (1.61 vs 1.40), 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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