FFLEX vs. FDKLX
FFLEX (Fidelity Freedom Index 2060 Fund Institutional Premium Class) and FDKLX (Fidelity Freedom Index 2060 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFLEX returned 12.27%/yr vs 12.22%/yr for FDKLX. With a 1.00 correlation, they move nearly in lockstep. FFLEX charges 0.08%/yr vs 0.12%/yr for FDKLX.
Performance
FFLEX vs. FDKLX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FFLEX having a 11.89% return and FDKLX slightly higher at 11.93%. Both investments have delivered pretty close results over the past 10 years, with FFLEX having a 12.27% annualized return and FDKLX not far behind at 12.22%.
FFLEX
- 1D
- -0.17%
- 1M
- 1.77%
- YTD
- 11.89%
- 6M
- 11.32%
- 1Y
- 26.89%
- 3Y*
- 19.02%
- 5Y*
- 9.89%
- 10Y*
- 12.27%
FDKLX
- 1D
- -0.12%
- 1M
- 1.81%
- YTD
- 11.93%
- 6M
- 11.29%
- 1Y
- 26.86%
- 3Y*
- 19.01%
- 5Y*
- 9.85%
- 10Y*
- 12.22%
FFLEX vs. FDKLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 11.89% | 21.47% | 14.20% | 19.97% | -18.19% | 15.98% | 16.46% | 26.17% | -7.21% | 20.63% |
FDKLX Fidelity Freedom Index 2060 Fund Investor Class | 11.93% | 21.38% | 14.16% | 19.91% | -18.18% | 15.88% | 16.38% | 26.06% | -7.23% | 20.58% |
Correlation
The correlation between FFLEX and FDKLX 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 | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 1.00 |
The correlation between FFLEX and FDKLX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FFLEX vs. FDKLX — Risk / Return Rank
FFLEX
FDKLX
FFLEX vs. FDKLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Fidelity Freedom Index 2060 Fund Investor Class (FDKLX). 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.
| FFLEX | FDKLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.07 | +0.02 |
| Martin ratioReturn relative to average drawdown | 13.32 | 13.26 | +0.06 |
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Drawdowns
FFLEX vs. FDKLX - Drawdown Comparison
The maximum FFLEX drawdown since its inception was -30.71%, roughly equal to the maximum FDKLX drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for FFLEX and FDKLX.
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Drawdown Indicators
| FFLEX | FDKLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -30.73% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -9.11% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -14.73% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.17% | -26.19% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | -30.73% | +0.02% |
Current DrawdownCurrent decline from peak | -0.66% | -0.66% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.55% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.11% | -0.01% |
Volatility
FFLEX vs. FDKLX - Volatility Comparison
Fidelity Freedom Index 2060 Fund Institutional Premium Class (FFLEX) and Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) have volatilities of 5.07% and 5.09%, 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
| FFLEX | FDKLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 5.09% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 10.44% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 12.49% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 14.53% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 15.22% | 0.00% |
FFLEX vs. FDKLX - Expense Ratio Comparison
FFLEX has a 0.08% expense ratio, which is lower than FDKLX's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FFLEX vs. FDKLX - Dividend Comparison
FFLEX's dividend yield for the trailing twelve months is around 1.72%, more than FDKLX's 1.69% 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% |
FFLEX Fidelity Freedom Index 2060 Fund Institutional Premium Class | 1.72% | 1.98% | 1.98% | 1.94% | 2.03% | 1.95% | 1.85% | 6.75% | 2.36% | 2.16% | 2.44% | 1.82% |
Frequently Asked Questions
With a correlation of 1.00, FFLEX and FDKLX 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.
FDKLX has higher volatility (5.09%) compared to FFLEX (5.07%). In terms of maximum drawdown, FFLEX dropped -30.71% vs FDKLX's -30.73%.
FFLEX currently has the higher Sharpe Ratio (2.25 vs 2.24), 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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