FFFFX vs. FFTHX
FFFFX (Fidelity Freedom 2040 Fund) and FFTHX (Fidelity Freedom 2035 Fund) are both Target Retirement Date funds from Fidelity. Both are actively managed. Over the past 10 years, FFFFX returned 12.48%/yr vs 11.18%/yr for FFTHX. With a 0.97 correlation, they move nearly in lockstep. FFFFX charges 0.66%/yr vs 0.63%/yr for FFTHX.
Performance
FFFFX vs. FFTHX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFFX achieves a 12.75% return, which is significantly higher than FFTHX's 10.57% return. Over the past 10 years, FFFFX has outperformed FFTHX with an annualized return of 12.48%, while FFTHX has yielded a comparatively lower 11.18% annualized return.
FFFFX
- 1D
- -0.27%
- 1M
- 2.69%
- YTD
- 12.75%
- 6M
- 12.31%
- 1Y
- 27.67%
- 3Y*
- 19.19%
- 5Y*
- 9.65%
- 10Y*
- 12.48%
FFTHX
- 1D
- -0.26%
- 1M
- 2.36%
- YTD
- 10.57%
- 6M
- 10.24%
- 1Y
- 23.12%
- 3Y*
- 16.39%
- 5Y*
- 7.94%
- 10Y*
- 11.18%
FFFFX vs. FFTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 12.75% | 22.01% | 13.20% | 20.06% | -18.31% | 16.57% | 18.24% | 25.38% | -8.94% | 22.26% |
FFTHX Fidelity Freedom 2035 Fund | 10.57% | 19.16% | 11.03% | 17.67% | -17.67% | 14.44% | 17.14% | 24.49% | -8.40% | 20.73% |
Correlation
The correlation between FFFFX and FFTHX is 0.99 - 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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2003 | 0.97 |
The correlation between FFFFX and FFTHX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
FFFFX vs. FFTHX — Risk / Return Rank
FFFFX
FFTHX
FFFFX vs. FFTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Freedom 2035 Fund (FFTHX). 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.
| FFFFX | FFTHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.19 | +0.10 |
| Martin ratioReturn relative to average drawdown | 14.22 | 13.69 | +0.53 |
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Drawdowns
FFFFX vs. FFTHX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -54.10%, roughly equal to the maximum FFTHX drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for FFFFX and FFTHX.
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Drawdown Indicators
| FFFFX | FFTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.10% | -52.86% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -7.52% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -11.60% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -25.94% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | -28.81% | -2.12% |
Current DrawdownCurrent decline from peak | -0.27% | -0.26% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -6.94% | -4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.75% | +0.26% |
Volatility
FFFFX vs. FFTHX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) has a higher volatility of 5.03% compared to Fidelity Freedom 2035 Fund (FFTHX) at 4.23%. This indicates that FFFFX's price experiences larger fluctuations and is considered to be riskier than FFTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFFX | FFTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.23% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 8.80% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 10.38% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 12.51% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 13.55% | +1.57% |
FFFFX vs. FFTHX - Expense Ratio Comparison
FFFFX has a 0.66% expense ratio, which is higher than FFTHX's 0.63% expense ratio.
Dividends
FFFFX vs. FFTHX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 6.32%, more than FFTHX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 6.32% | 5.07% | 2.63% | 1.72% | 12.33% | 12.09% | 5.67% | 6.69% | 7.97% | 4.37% | 4.05% | 4.81% |
FFTHX Fidelity Freedom 2035 Fund | 5.83% | 5.03% | 2.75% | 1.86% | 11.21% | 11.62% | 5.93% | 6.75% | 7.66% | 3.17% | 4.00% | 5.97% |
Frequently Asked Questions
With a correlation of 0.99, FFFFX and FFTHX 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.
FFFFX has higher volatility (5.03%) compared to FFTHX (4.23%). In terms of maximum drawdown, FFFFX dropped -54.10% vs FFTHX's -52.86%.
FFFFX currently has the higher Sharpe Ratio (2.34 vs 2.31), 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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