FDKLX vs. FFLEX
FDKLX (Fidelity Freedom Index 2060 Fund Investor Class) and FFLEX (Fidelity Freedom Index 2060 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FDKLX returned 11.93%/yr vs 11.98%/yr for FFLEX. With a 1.00 correlation, they move nearly in lockstep. FDKLX charges 0.12%/yr vs 0.08%/yr for FFLEX.
Performance
FDKLX vs. FFLEX - Performance Comparison
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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 FFLEX slightly lower at 12.63%. Both investments have delivered pretty close results over the past 10 years, with FDKLX having a 11.93% annualized return and FFLEX not far ahead at 11.98%.
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%
FFLEX
- 1D
- 0.41%
- 1M
- 5.63%
- YTD
- 12.63%
- 6M
- 13.55%
- 1Y
- 28.80%
- 3Y*
- 19.60%
- 5Y*
- 10.15%
- 10Y*
- 11.98%
FDKLX vs. FFLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 12.63% | 21.47% | 14.20% | 19.97% | -18.19% | 15.98% | 16.46% | 26.17% | -7.21% | 20.63% |
Correlation
The correlation between FDKLX and FFLEX 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 Jun 30, 2015 | 1.00 |
The correlation between FDKLX and FFLEX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FDKLX vs. FFLEX — Risk / Return Rank
FDKLX
FFLEX
FDKLX vs. FFLEX - 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 2060 Fund Institutional Premium Class (FFLEX). 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.
| FDKLX | FFLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| 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 | 14.22 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDKLX | FFLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.50 | 0.00 |
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 | 0.72 | -0.02 |
Drawdowns
FDKLX vs. FFLEX - Drawdown Comparison
The maximum FDKLX drawdown since its inception was -30.73%, roughly equal to the maximum FFLEX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FDKLX and FFLEX.
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Drawdown Indicators
| FDKLX | FFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -30.71% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -9.07% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -14.68% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.19% | -26.17% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | -30.71% | -0.02% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -4.67% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.04% | +0.01% |
Volatility
FDKLX vs. FFLEX - Volatility Comparison
Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) 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
| FDKLX | FFLEX | Difference | |
|---|---|---|---|
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% | 9.38% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 11.64% | +0.02% |
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% | 15.16% | 0.00% |
FDKLX vs. FFLEX - Expense Ratio Comparison
FDKLX has a 0.12% expense ratio, which is higher than FFLEX's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FDKLX vs. FFLEX - Dividend Comparison
FDKLX's dividend yield for the trailing twelve months is around 1.68%, less than FFLEX's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 1.71% | 1.98% | 1.98% | 1.94% | 2.03% | 1.95% | 1.85% | 6.75% | 2.36% | 2.16% | 2.44% | 1.82% |
Frequently Asked Questions
With a correlation of 1.00, FDKLX and FFLEX 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 FFLEX (3.53%). In terms of maximum drawdown, FDKLX dropped -30.73% vs FFLEX's -30.71%.
FFLEX currently has the higher Sharpe Ratio (2.50 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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