FFFFX vs. FHARX
FFFFX (Fidelity Freedom 2040 Fund) and FHARX (Fidelity Freedom Blend 2040 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FFFFX returned 9.65%/yr vs 9.80%/yr for FHARX. With a 0.99 correlation, they move nearly in lockstep. FFFFX charges 0.66%/yr vs 0.49%/yr for FHARX.
Performance
FFFFX vs. FHARX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FFFFX having a 12.75% return and FHARX slightly lower at 12.52%.
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%
FHARX
- 1D
- -0.19%
- 1M
- 2.68%
- YTD
- 12.52%
- 6M
- 12.07%
- 1Y
- 27.06%
- 3Y*
- 19.60%
- 5Y*
- 9.80%
- 10Y*
- —
FFFFX vs. FHARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 12.75% | 22.01% | 13.20% | 20.06% | -18.31% | 16.57% | 18.24% | 25.38% | -12.69% |
FHARX Fidelity Freedom Blend 2040 Fund | 12.52% | 21.06% | 15.55% | 19.98% | -19.04% | 16.24% | 17.79% | 26.54% | -14.70% |
Correlation
The correlation between FFFFX and FHARX 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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.99 |
The correlation between FFFFX and FHARX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FFFFX vs. FHARX — Risk / Return Rank
FFFFX
FHARX
FFFFX vs. FHARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Freedom Blend 2040 Fund (FHARX). 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 | FHARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.25 | +0.03 |
| Martin ratioReturn relative to average drawdown | 14.22 | 14.00 | +0.22 |
Loading charts...
Drawdowns
FFFFX vs. FHARX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -54.10%, which is greater than FHARX's maximum drawdown of -31.37%. Use the drawdown chart below to compare losses from any high point for FFFFX and FHARX.
Loading charts...
Drawdown Indicators
| FFFFX | FHARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.10% | -31.37% | -22.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -8.63% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -14.19% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -27.70% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.19% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -6.03% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.00% | +0.01% |
Volatility
FFFFX vs. FHARX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) and Fidelity Freedom Blend 2040 Fund (FHARX) have volatilities of 5.03% and 4.98%, 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.
Loading charts...
Volatility by Period
| FFFFX | FHARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.98% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 10.22% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 12.15% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 14.57% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 16.60% | -1.48% |
FFFFX vs. FHARX - Expense Ratio Comparison
FFFFX has a 0.66% expense ratio, which is higher than FHARX's 0.49% expense ratio.
Dividends
FFFFX vs. FHARX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 6.32%, more than FHARX's 3.71% 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% |
FHARX Fidelity Freedom Blend 2040 Fund | 3.71% | 2.81% | 4.90% | 1.83% | 6.18% | 8.65% | 4.91% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, FFFFX and FHARX 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 FHARX (4.98%). In terms of maximum drawdown, FFFFX dropped -54.10% vs FHARX's -31.37%.
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.
Find the right allocation for FFFFX and FHARX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer