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FDKLX vs. FDEWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDKLX vs. FDEWX

Last updated Jun 4, 2026

FDKLX (Fidelity Freedom Index 2060 Fund Investor Class) and FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FDKLX returned 11.93%/yr vs 11.95%/yr for FDEWX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.

Performance

FDKLX vs. FDEWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with FDKLX having a 12.67% return and FDEWX slightly lower at 12.62%. Both investments have delivered pretty close results over the past 10 years, with FDKLX having a 11.93% annualized return and FDEWX not far ahead at 11.95%.

FDKLX

1D
0.45%
1M
5.62%
YTD
12.67%
6M
13.58%
1Y
28.76%
3Y*
19.56%
5Y*
10.12%
10Y*
11.93%

FDEWX

1D
0.46%
1M
5.64%
YTD
12.62%
6M
13.53%
1Y
28.70%
3Y*
19.54%
5Y*
10.17%
10Y*
11.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDKLX vs. FDEWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDKLX
Fidelity Freedom Index 2060 Fund Investor Class		12.67%21.38%14.16%19.91%-18.18%15.88%16.38%26.06%-7.23%20.58%
FDEWX
Fidelity Freedom Index 2055 Fund Investor Class		12.62%21.39%14.14%19.95%-18.01%15.88%16.46%25.94%-7.19%20.53%

Correlation

The correlation between FDKLX and FDEWX 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

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2014

1.00

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

FDKLX vs. FDEWX - Sectors Allocation Comparison

Sectors
FDKLX
FDEWX

Technology

25.9%
25.9%

Financial Services

17.1%
17.1%

Industrials

11.7%
11.7%

Consumer Cyclical

9.4%
9.4%

Healthcare

9.1%
9.1%

Communication Services

8.0%
8.0%

Consumer Defensive

5.2%
5.2%

Energy

4.7%
4.7%

Basic Materials

4.1%
4.1%

Utilities

2.8%
2.8%

Real Estate

2.1%
2.1%

Technology

FDKLX
25.9%
FDEWX
25.9%

Financial Services

FDKLX
17.1%
FDEWX
17.1%

Industrials

FDKLX
11.7%
FDEWX
11.7%

Consumer Cyclical

FDKLX
9.4%
FDEWX
9.4%

Healthcare

FDKLX
9.1%
FDEWX
9.1%

Communication Services

FDKLX
8.0%
FDEWX
8.0%

Consumer Defensive

FDKLX
5.2%
FDEWX
5.2%

Energy

FDKLX
4.7%
FDEWX
4.7%

Basic Materials

FDKLX
4.1%
FDEWX
4.1%

Utilities

FDKLX
2.8%
FDEWX
2.8%

Real Estate

FDKLX
2.1%
FDEWX
2.1%

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Fidelity Freedom Index 2060 Fund Investor Class

Fidelity Freedom Index 2055 Fund Investor Class

Often compared with FDKLX:
FDKLX vs. VTTSXFDKLX vs. FDKVXFDKLX vs. FXAIXFDKLX vs. VOOFDKLX vs. FHANXFDKLX vs. FZROXFDKLX vs. FSKAX
Often compared with FDEWX:
FDEWX vs. FDEEXFDEWX vs. VFFVXFDEWX vs. VOOFDEWX vs. FZROXFDEWX vs. SPYFDEWX vs. VTIFDEWX vs. TRRNX

Return for Risk

FDKLX vs. FDEWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDKLX
FDKLX Risk / Return Rank: 7171
Overall Rank
FDKLX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FDKLX Sortino Ratio Rank: 6969
Sortino Ratio Rank
FDKLX Omega Ratio Rank: 6868
Omega Ratio Rank
FDKLX Calmar Ratio Rank: 6969
Calmar Ratio Rank
FDKLX Martin Ratio Rank: 7575
Martin Ratio Rank
FDEWX
FDEWX Risk / Return Rank: 7171
Overall Rank
FDEWX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FDEWX Sortino Ratio Rank: 6969
Sortino Ratio Rank
FDEWX Omega Ratio Rank: 6868
Omega Ratio Rank
FDEWX Calmar Ratio Rank: 6969
Calmar Ratio Rank
FDEWX Martin Ratio Rank: 7575
Martin Ratio Rank
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.

FDKLX vs. FDEWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). 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.

FDKLXFDEWXDifference
Sharpe ratioReturn per unit of total volatility
2.50
2.51

-0.01

Sortino ratioReturn per unit of downside risk
3.46
3.46

-0.01

Omega ratioGain probability vs. loss probability

1.46

1.46

0.00

Calmar ratioReturn relative to maximum drawdown

3.20

3.21

-0.01

Martin ratioReturn relative to average drawdown

14.19

14.20

-0.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDKLX vs. FDEWX - Sharpe Ratio Comparison

The current FDKLX Sharpe Ratio is 2.50, which is comparable to the FDEWX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FDKLX and FDEWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FDKLXFDEWXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.50

2.51

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.71

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.79

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.69

+0.01

Drawdowns

FDKLX vs. FDEWX - Drawdown Comparison

The maximum FDKLX drawdown since its inception was -30.73%, roughly equal to the maximum FDEWX drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for FDKLX and FDEWX.

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Drawdown Indicators

FDKLXFDEWXDifference

Max Drawdown

Largest peak-to-trough decline

-30.73%

-30.69%

-0.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.11%

-9.07%

-0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-14.73%

-14.74%

+0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-26.19%

-26.22%

+0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-30.73%

-30.69%

-0.04%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.57%

-4.23%

-0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

2.05%

0.00%

Volatility

FDKLX vs. FDEWX - Volatility Comparison

Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) have volatilities of 3.55% and 3.53%, 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

FDKLXFDEWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

3.53%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.44%

9.40%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

11.61%

+0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.39%

14.39%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.16%

15.17%

-0.01%

FDKLX vs. FDEWX - Expense Ratio Comparison

Both FDKLX and FDEWX have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FDKLX vs. FDEWX - Dividend Comparison

FDKLX's dividend yield for the trailing twelve months is around 1.68%, which matches FDEWX's 1.68% yield.

PositionTTM20252024202320222021202020192018201720162015
FDEWX
Fidelity Freedom Index 2055 Fund Investor Class		1.68%1.97%1.98%1.92%2.24%1.89%1.85%10.83%2.36%1.93%2.42%2.31%
FDKLX
Fidelity Freedom Index 2060 Fund Investor Class		1.68%1.95%1.94%1.89%1.99%1.86%1.79%6.74%2.33%2.12%2.41%1.82%

Frequently Asked Questions

With a correlation of 1.00, FDKLX and FDEWX 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.

FDKLX has higher volatility (3.55%) compared to FDEWX (3.53%). In terms of maximum drawdown, FDKLX dropped -30.73% vs FDEWX's -30.69%.

FDEWX currently has the higher Sharpe Ratio (2.51 vs 2.50), 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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