FDKSX vs. FFFAX

Last updated Aug 1, 2026

FDKSX (Fidelity Advisor Freedom 2060 Fund Class C) and FFFAX (Fidelity Freedom Income Fund) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FDKSX returned 10.49%/yr vs 4.25%/yr for FFFAX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FDKSX charges 1.75%/yr vs 0.47%/yr for FFFAX.

Performance

FDKSX vs. FFFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2060 Fund Class C (FDKSX) and Fidelity Freedom Income Fund (FFFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDKSX achieves a 10.06% return, which is significantly higher than FFFAX's 3.85% return. Over the past 10 years, FDKSX has outperformed FFFAX with an annualized return of 10.49%, while FFFAX has yielded a comparatively lower 4.25% annualized return.

FDKSX

• 1D: 2.30%
• 1M: -1.26%
• 6M: 6.39%
• YTD: 10.06%
• 1Y: 20.66%
• 3Y*: 15.87%
• 5Y*: 8.22%
• 10Y*: 10.49%
• ALL TIME*: 9.12%

FFFAX

• 1D: 0.69%
• 1M: -0.67%
• 6M: 2.49%
• YTD: 3.85%
• 1Y: 7.92%
• 3Y*: 7.26%
• 5Y*: 2.80%
• 10Y*: 4.25%
• ALL TIME*: 4.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDKSX Fidelity Advisor Freedom 2060 Fund Class C	$0.00	$0.00	$0.00
FFFAX Fidelity Freedom Income Fund	$0.00	$0.00	$0.00

FDKSX vs. FFFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDKSX Fidelity Advisor Freedom 2060 Fund Class C	10.06%	21.84%	12.51%	18.12%	-18.91%	14.83%	16.31%	25.43%	-9.14%	20.42%
FFFAX Fidelity Freedom Income Fund	3.85%	10.42%	4.34%	8.18%	-11.33%	3.12%	8.93%	10.74%	-1.99%	8.21%

Correlation

The correlation between FDKSX and FFFAX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Aug 12, 2014	0.76

The correlation between FDKSX and FFFAX shifts across timeframes, from 0.74 (10 years) to 0.89 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FDKSX vs. FFFAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDKSX

FDKSX Risk / Return Rank: 46
FDKSX Sharpe Ratio Rank: 43
FDKSX Sortino Ratio Rank: 42
FDKSX Omega Ratio Rank: 43
FDKSX Calmar Ratio Rank: 46
FDKSX Martin Ratio Rank: 56

FFFAX

FFFAX Risk / Return Rank: 71
FFFAX Sharpe Ratio Rank: 69
FFFAX Sortino Ratio Rank: 68
FFFAX Omega Ratio Rank: 71
FFFAX Calmar Ratio Rank: 70
FFFAX Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDKSX vs. FFFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2060 Fund Class C (FDKSX) and Fidelity Freedom Income Fund (FFFAX). 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.

	FDKSX	FFFAX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.58	-0.26
Sortino ratio: Return per unit of downside risk	1.89	2.26	-0.38
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.06
Calmar ratio: Return relative to maximum drawdown	1.91	2.23	-0.33
Martin ratio: Return relative to average drawdown	7.84	9.08	-1.24

FDKSX vs. FFFAX - Sharpe Ratio Comparison

The current FDKSX Sharpe Ratio is 1.32, which is comparable to the FFFAX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of FDKSX and FFFAX, 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

FDKSX vs. FFFAX - Drawdown Comparison

The maximum FDKSX drawdown since its inception was -31.32%, which is greater than FFFAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for FDKSX and FFFAX.

Drawdown Indicators

	FDKSX	FFFAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.32%	-17.96%	-13.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-3.68%	-6.29%
Max Drawdown (3Y) Largest decline over 3 years	-15.24%	-4.04%	-11.20%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-15.87%	-12.15%
Max Drawdown (10Y) Largest decline over 10 years	-31.32%	-15.87%	-15.45%
Current Drawdown Current decline from peak	-2.60%	-1.18%	-1.42%
Average Drawdown Average peak-to-trough decline	-5.39%	-1.79%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	0.90%	+1.52%

Volatility

FDKSX vs. FFFAX - Volatility Comparison

Fidelity Advisor Freedom 2060 Fund Class C (FDKSX) has a higher volatility of 4.44% compared to Fidelity Freedom Income Fund (FFFAX) at 1.67%. This indicates that FDKSX's price experiences larger fluctuations and is considered to be riskier than FFFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDKSX	FFFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	1.67%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	4.61%	+7.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	5.21%	+9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	5.51%	+9.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	4.69%	+10.82%

FDKSX vs. FFFAX - Expense Ratio Comparison

FDKSX has a 1.75% expense ratio, which is higher than FFFAX's 0.47% expense ratio.

Dividends

FDKSX vs. FFFAX - Dividend Comparison

FDKSX's dividend yield for the trailing twelve months is around 5.57%, more than FFFAX's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDKSX Fidelity Advisor Freedom 2060 Fund Class C	5.57%	4.20%	1.05%	1.51%	9.79%	7.87%	3.85%	5.46%	7.96%	2.40%	2.52%	1.71%
FFFAX Fidelity Freedom Income Fund	2.64%	3.29%	3.13%	2.92%	5.89%	6.12%	4.37%	3.65%	5.17%	3.74%	3.21%	3.28%

Frequently Asked Questions

Can I hold both FDKSX and FFFAX in my portfolio?

FDKSX and FFFAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDKSX or FFFAX?

FDKSX has higher volatility (4.44%) compared to FFFAX (1.67%). In terms of maximum drawdown, FDKSX dropped -31.32% vs FFFAX's -17.96%.

Which has better risk-adjusted returns?

FFFAX currently has the higher Sharpe Ratio (1.58 vs 1.32), 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.