FFSZX vs. AADHX

Last updated Aug 4, 2026

FFSZX (Fidelity Freedom 2065 Fund Class K6) and AADHX (American Century One Choice Blend+ 2045 Portfolio) are both Target Retirement Date funds. Over the past 5 years, FFSZX returned 10.36%/yr vs 7.31%/yr for AADHX. Their 0.97 correlation means they have historically moved very closely together. FFSZX charges 0.50%/yr vs 0.58%/yr for AADHX.

Performance

FFSZX vs. AADHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2065 Fund Class K6 (FFSZX) and American Century One Choice Blend+ 2045 Portfolio (AADHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFSZX achieves a 12.78% return, which is significantly higher than AADHX's 8.73% return.

FFSZX

• 1D: 0.53%
• 1M: -0.63%
• 6M: 8.05%
• YTD: 12.78%
• 1Y: 25.55%
• 3Y*: 18.63%
• 5Y*: 10.36%
• 10Y*: —
• ALL TIME*: 13.09%

AADHX

• 1D: 0.31%
• 1M: -0.23%
• 6M: 5.20%
• YTD: 8.73%
• 1Y: 18.50%
• 3Y*: 14.43%
• 5Y*: 7.31%
• 10Y*: —
• ALL TIME*: 8.08%

*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)
AADHX American Century One Choice Blend+ 2045 Portfolio	$0.00	$0.00	$0.00
FFSZX Fidelity Freedom 2065 Fund Class K6	$0.00	$0.00	$0.00

FFSZX vs. AADHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FFSZX Fidelity Freedom 2065 Fund Class K6	12.78%	24.08%	14.41%	20.78%	-18.05%	11.59%
AADHX American Century One Choice Blend+ 2045 Portfolio	8.73%	18.02%	13.03%	15.62%	-16.57%	8.63%

Correlation

The correlation between FFSZX and AADHX is 0.97 - 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.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021	0.97

The correlation between FFSZX and AADHX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

FFSZX vs. AADHX — Risk / Return Rank

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

FFSZX

FFSZX Risk / Return Rank: 70
FFSZX Sharpe Ratio Rank: 68
FFSZX Sortino Ratio Rank: 64
FFSZX Omega Ratio Rank: 66
FFSZX Calmar Ratio Rank: 73
FFSZX Martin Ratio Rank: 81

AADHX

AADHX Risk / Return Rank: 63
AADHX Sharpe Ratio Rank: 63
AADHX Sortino Ratio Rank: 61
AADHX Omega Ratio Rank: 61
AADHX Calmar Ratio Rank: 59
AADHX Martin Ratio Rank: 71

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.

FFSZX vs. AADHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2065 Fund Class K6 (FFSZX) and American Century One Choice Blend+ 2045 Portfolio (AADHX). 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.

	FFSZX	AADHX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.64	+0.05
Sortino ratio: Return per unit of downside risk	2.35	2.32	+0.04
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.48	2.20	+0.28
Martin ratio: Return relative to average drawdown	10.40	9.33	+1.07

FFSZX vs. AADHX - Sharpe Ratio Comparison

The current FFSZX Sharpe Ratio is 1.69, which is comparable to the AADHX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FFSZX and AADHX, 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

FFSZX vs. AADHX - Drawdown Comparison

The maximum FFSZX drawdown since its inception was -31.00%, which is greater than AADHX's maximum drawdown of -25.04%. Use the drawdown chart below to compare losses from any high point for FFSZX and AADHX.

Drawdown Indicators

	FFSZX	AADHX	Difference
Max Drawdown Largest peak-to-trough decline	-31.00%	-25.04%	-5.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-7.97%	-1.80%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-13.61%	-1.75%
Max Drawdown (5Y) Largest decline over 5 years	-27.17%	-25.04%	-2.13%
Current Drawdown Current decline from peak	-1.99%	-0.92%	-1.07%
Average Drawdown Average peak-to-trough decline	-5.71%	-6.18%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.88%	+0.45%

Volatility

FFSZX vs. AADHX - Volatility Comparison

Fidelity Freedom 2065 Fund Class K6 (FFSZX) has a higher volatility of 4.32% compared to American Century One Choice Blend+ 2045 Portfolio (AADHX) at 2.90%. This indicates that FFSZX's price experiences larger fluctuations and is considered to be riskier than AADHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFSZX	AADHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	2.90%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	8.83%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	10.73%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	13.23%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	12.99%	+4.09%

FFSZX vs. AADHX - Expense Ratio Comparison

FFSZX has a 0.50% expense ratio, which is lower than AADHX's 0.58% expense ratio.

Dividends

FFSZX vs. AADHX - Dividend Comparison

FFSZX's dividend yield for the trailing twelve months is around 5.08%, more than AADHX's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AADHX American Century One Choice Blend+ 2045 Portfolio	3.60%	3.92%	4.29%	2.09%	3.15%	2.78%	0.00%	0.00%
FFSZX Fidelity Freedom 2065 Fund Class K6	5.08%	3.82%	2.92%	2.26%	8.99%	7.98%	2.41%	1.47%

Frequently Asked Questions

Can I hold both FFSZX and AADHX in my portfolio?

With a correlation of 0.97, FFSZX and AADHX 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.

Which is riskier, FFSZX or AADHX?

FFSZX has higher volatility (4.32%) compared to AADHX (2.90%). In terms of maximum drawdown, FFSZX dropped -31.00% vs AADHX's -25.04%.

Which has better risk-adjusted returns?

FFSZX currently has the higher Sharpe Ratio (1.69 vs 1.64), 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.