FDKLX vs. FSKAX

Last updated Jun 23, 2026

FDKLX (Fidelity Freedom Index 2060 Fund Investor Class) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FDKLX is a Target Retirement Date fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FDKLX returned 11.94%/yr vs 15.04%/yr for FSKAX. With a 0.96 correlation, they move nearly in lockstep. FDKLX charges 0.12%/yr vs 0.01%/yr for FSKAX.

Performance

FDKLX vs. FSKAX - 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 Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDKLX achieves a 12.07% return, which is significantly higher than FSKAX's 10.81% return. Over the past 10 years, FDKLX has underperformed FSKAX with an annualized return of 11.94%, while FSKAX has yielded a comparatively higher 15.04% annualized return.

FDKLX

• 1D: 1.21%
• 1M: 1.94%
• YTD: 12.07%
• 6M: 11.94%
• 1Y: 28.01%
• 3Y*: 18.23%
• 5Y*: 10.15%
• 10Y*: 11.94%

FSKAX

• 1D: 1.15%
• 1M: 0.90%
• YTD: 10.81%
• 6M: 10.02%
• 1Y: 27.57%
• 3Y*: 20.73%
• 5Y*: 12.91%
• 10Y*: 15.04%

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

FDKLX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDKLX Fidelity Freedom Index 2060 Fund Investor Class	12.07%	21.38%	14.16%	19.91%	-18.18%	15.88%	16.38%	26.06%	-7.23%	20.58%
FSKAX Fidelity Total Market Index Fund	10.81%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-5.32%	20.85%

Correlation

The correlation between FDKLX and FSKAX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 12, 2014	0.96

The correlation between FDKLX and FSKAX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

FDKLX vs. FSKAX — Risk / Return Rank

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

FDKLX

FDKLX Risk / Return Rank: 68
FDKLX Sharpe Ratio Rank: 68
FDKLX Sortino Ratio Rank: 64
FDKLX Omega Ratio Rank: 66
FDKLX Calmar Ratio Rank: 68
FDKLX Martin Ratio Rank: 74

FSKAX

FSKAX Risk / Return Rank: 65
FSKAX Sharpe Ratio Rank: 62
FSKAX Sortino Ratio Rank: 56
FSKAX Omega Ratio Rank: 57
FSKAX Calmar Ratio Rank: 70
FSKAX Martin Ratio Rank: 79

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. FSKAX - 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 Total Market Index Fund (FSKAX). 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.

	FDKLX	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.13	+0.09
Sortino ratio: Return per unit of downside risk	3.04	2.88	+0.15
Omega ratio: Gain probability vs. loss probability	1.41	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	3.04	3.08	-0.04
Martin ratio: Return relative to average drawdown	13.12	13.71	-0.60

FDKLX vs. FSKAX - Sharpe Ratio Comparison

The current FDKLX Sharpe Ratio is 2.22, which is comparable to the FSKAX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FDKLX and FSKAX, 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

FDKLX vs. FSKAX - Drawdown Comparison

The maximum FDKLX drawdown since its inception was -30.73%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FDKLX and FSKAX.

Drawdown Indicators

	FDKLX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-30.73%	-35.01%	+4.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-8.92%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.73%	-19.43%	+4.70%
Max Drawdown (5Y) Largest decline over 5 years	-26.19%	-25.39%	-0.80%
Max Drawdown (10Y) Largest decline over 10 years	-30.73%	-35.01%	+4.28%
Current Drawdown Current decline from peak	-0.54%	-1.14%	+0.60%
Average Drawdown Average peak-to-trough decline	-4.56%	-4.01%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.00%	+0.11%

Volatility

FDKLX vs. FSKAX - Volatility Comparison

Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) has a higher volatility of 5.21% compared to Fidelity Total Market Index Fund (FSKAX) at 4.91%. This indicates that FDKLX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDKLX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.91%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	10.16%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	12.88%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	17.51%	-2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	18.50%	-3.28%

FDKLX vs. FSKAX - Expense Ratio Comparison

FDKLX has a 0.12% expense ratio, which is higher than FSKAX's 0.02% 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. FSKAX - Dividend Comparison

FDKLX's dividend yield for the trailing twelve months is around 1.69%, more than FSKAX's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDKLX Fidelity Freedom Index 2060 Fund Investor Class	1.69%	1.95%	1.94%	1.89%	1.99%	1.86%	1.79%	6.74%	2.33%	2.12%	2.41%	1.82%
FSKAX Fidelity Total Market Index Fund	0.94%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both FDKLX and FSKAX in my portfolio?

With a correlation of 0.96, FDKLX and FSKAX 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, FDKLX or FSKAX?

FDKLX has higher volatility (5.21%) compared to FSKAX (4.91%). In terms of maximum drawdown, FDKLX dropped -30.73% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FDKLX currently has the higher Sharpe Ratio (2.22 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.