FDFSX vs. FVTKX

Last updated Jun 24, 2026

FDFSX (Fidelity Advisor Freedom 2065 Fund Class I) and FVTKX (Fidelity Freedom 2060 Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FDFSX returned 9.93%/yr vs 10.89%/yr for FVTKX. With a 0.99 correlation, they move nearly in lockstep. FDFSX charges 0.75%/yr vs 0.50%/yr for FVTKX.

Performance

FDFSX vs. FVTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2065 Fund Class I (FDFSX) and Fidelity Freedom 2060 Fund Class K6 (FVTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDFSX achieves a 13.25% return, which is significantly lower than FVTKX's 14.76% return.

FDFSX

• 1D: -0.24%
• 1M: 2.96%
• YTD: 13.25%
• 6M: 12.81%
• 1Y: 28.09%
• 3Y*: 19.99%
• 5Y*: 9.93%
• 10Y*: —

FVTKX

• 1D: -0.26%
• 1M: 3.12%
• YTD: 14.76%
• 6M: 14.27%
• 1Y: 31.48%
• 3Y*: 21.12%
• 5Y*: 10.89%
• 10Y*: —

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

FDFSX vs. FVTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FDFSX Fidelity Advisor Freedom 2065 Fund Class I	13.25%	23.07%	13.68%	19.25%	-18.28%	15.96%	17.36%	8.68%
FVTKX Fidelity Freedom 2060 Fund Class K6	14.76%	24.13%	14.37%	20.86%	-18.11%	16.79%	18.59%	9.74%

Correlation

The correlation between FDFSX and FVTKX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019	0.99

The correlation between FDFSX and FVTKX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FDFSX vs. FVTKX — Risk / Return Rank

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

FDFSX

FDFSX Risk / Return Rank: 63
FDFSX Sharpe Ratio Rank: 62
FDFSX Sortino Ratio Rank: 57
FDFSX Omega Ratio Rank: 62
FDFSX Calmar Ratio Rank: 64
FDFSX Martin Ratio Rank: 71

FVTKX

FVTKX Risk / Return Rank: 77
FVTKX Sharpe Ratio Rank: 78
FVTKX Sortino Ratio Rank: 72
FVTKX Omega Ratio Rank: 74
FVTKX Calmar Ratio Rank: 78
FVTKX Martin Ratio Rank: 84

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.

FDFSX vs. FVTKX - 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 Freedom 2060 Fund Class K6 (FVTKX). 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	FVTKX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.37	-0.24
Sortino ratio: Return per unit of downside risk	2.92	3.22	-0.30
Omega ratio: Gain probability vs. loss probability	1.40	1.44	-0.04
Calmar ratio: Return relative to maximum drawdown	2.94	3.34	-0.39
Martin ratio: Return relative to average drawdown	12.76	14.56	-1.80

FDFSX vs. FVTKX - Sharpe Ratio Comparison

The current FDFSX Sharpe Ratio is 2.13, which is comparable to the FVTKX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FDFSX and FVTKX, 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

FDFSX vs. FVTKX - Drawdown Comparison

The maximum FDFSX drawdown since its inception was -31.32%, roughly equal to the maximum FVTKX drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for FDFSX and FVTKX.

Drawdown Indicators

	FDFSX	FVTKX	Difference
Max Drawdown Largest peak-to-trough decline	-31.32%	-30.94%	-0.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.91%	-9.81%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	-15.35%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-27.32%	-27.12%	-0.20%
Current Drawdown Current decline from peak	-0.24%	-0.26%	+0.02%
Average Drawdown Average peak-to-trough decline	-6.07%	-5.43%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.24%	+0.04%

Volatility

FDFSX vs. FVTKX - Volatility Comparison

Fidelity Advisor Freedom 2065 Fund Class I (FDFSX) and Fidelity Freedom 2060 Fund Class K6 (FVTKX) have volatilities of 5.71% and 5.75%, 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.

Volatility by Period

	FDFSX	FVTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	5.75%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	11.79%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	13.84%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	15.21%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	15.95%	+1.28%

FDFSX vs. FVTKX - Expense Ratio Comparison

FDFSX has a 0.75% expense ratio, which is higher than FVTKX's 0.50% expense ratio.

Dividends

FDFSX vs. FVTKX - Dividend Comparison

FDFSX's dividend yield for the trailing twelve months is around 5.63%, more than FVTKX's 5.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDFSX Fidelity Advisor Freedom 2065 Fund Class I	5.63%	4.70%	0.58%	1.84%	8.60%	6.72%	2.70%	1.67%	0.00%	0.00%
FVTKX Fidelity Freedom 2060 Fund Class K6	5.01%	3.87%	2.52%	2.26%	10.84%	10.41%	4.04%	6.19%	6.19%	2.46%

Frequently Asked Questions

Can I hold both FDFSX and FVTKX in my portfolio?

With a correlation of 1.00, FDFSX and FVTKX 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, FDFSX or FVTKX?

FVTKX has higher volatility (5.75%) compared to FDFSX (5.71%). In terms of maximum drawdown, FDFSX dropped -31.32% vs FVTKX's -30.94%.

Which has better risk-adjusted returns?

FVTKX currently has the higher Sharpe Ratio (2.37 vs 2.13), 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.