FFBQX vs. FFSZX
FFBQX (Fidelity Freedom Blend 2065 Fund Class K6) and FFSZX (Fidelity Freedom 2065 Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FFBQX returned 10.32%/yr vs 10.25%/yr for FFSZX. Their 0.99 correlation means they have historically moved very closely together. FFBQX charges 0.29%/yr vs 0.50%/yr for FFSZX.
Performance
FFBQX vs. FFSZX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FFBQX having a 12.17% return and FFSZX slightly higher at 12.19%.
FFBQX
- 1D
- 2.34%
- 1M
- -1.02%
- 6M
- 8.20%
- YTD
- 12.17%
- 1Y
- 24.58%
- 3Y*
- 18.56%
- 5Y*
- 10.32%
- 10Y*
- —
- ALL TIME*
- 12.93%
FFSZX
- 1D
- 2.27%
- 1M
- -1.15%
- 6M
- 8.08%
- YTD
- 12.19%
- 1Y
- 24.90%
- 3Y*
- 18.19%
- 5Y*
- 10.25%
- 10Y*
- —
- ALL TIME*
- 13.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FFBQX vs. FFSZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFBQX Fidelity Freedom Blend 2065 Fund Class K6 | 12.17% | 22.90% | 16.84% | 20.67% | -18.86% | 16.47% | 18.10% | 9.13% |
FFSZX Fidelity Freedom 2065 Fund Class K6 | 12.19% | 24.08% | 14.41% | 20.78% | -18.05% | 16.81% | 18.36% | 9.18% |
Correlation
The correlation between FFBQX and FFSZX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.99 |
The correlation between FFBQX and FFSZX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FFBQX vs. FFSZX — Risk / Return Rank
FFBQX
FFSZX
FFBQX vs. FFSZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2065 Fund Class K6 (FFBQX) and Fidelity Freedom 2065 Fund Class K6 (FFSZX). 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.
| FFBQX | FFSZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.37 | -0.01 |
| Martin ratioReturn relative to average drawdown | 9.87 | 9.95 | -0.08 |
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Drawdowns
FFBQX vs. FFSZX - Drawdown Comparison
The maximum FFBQX drawdown since its inception was -31.34%, roughly equal to the maximum FFSZX drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for FFBQX and FFSZX.
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Drawdown Indicators
| FFBQX | FFSZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -31.00% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -9.77% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.51% | -15.36% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -27.17% | -0.43% |
Current DrawdownCurrent decline from peak | -2.24% | -2.50% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -5.72% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.33% | -0.02% |
Volatility
FFBQX vs. FFSZX - Volatility Comparison
Fidelity Freedom Blend 2065 Fund Class K6 (FFBQX) and Fidelity Freedom 2065 Fund Class K6 (FFSZX) have volatilities of 4.40% and 4.37%, 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
| FFBQX | FFSZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.37% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 12.44% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 14.42% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 15.27% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 17.09% | +0.18% |
FFBQX vs. FFSZX - Expense Ratio Comparison
FFBQX has a 0.29% expense ratio, which is lower than FFSZX's 0.50% expense ratio.
Dividends
FFBQX vs. FFSZX - Dividend Comparison
FFBQX's dividend yield for the trailing twelve months is around 3.38%, less than FFSZX's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FFBQX Fidelity Freedom Blend 2065 Fund Class K6 | 3.38% | 2.58% | 5.66% | 2.07% | 5.40% | 6.98% | 3.62% | 2.96% |
FFSZX Fidelity Freedom 2065 Fund Class K6 | 5.11% | 3.82% | 2.92% | 2.26% | 8.99% | 7.98% | 2.41% | 1.47% |
Frequently Asked Questions
With a correlation of 1.00, FFBQX and FFSZX 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.
FFBQX has higher volatility (4.40%) compared to FFSZX (4.37%). In terms of maximum drawdown, FFBQX dropped -31.34% vs FFSZX's -31.00%.
FFSZX currently has the higher Sharpe Ratio (1.61 vs 1.60), 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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