FFSZX vs. FHTKX
FFSZX (Fidelity Freedom 2065 Fund Class K6) and FHTKX (Fidelity Freedom 2040 Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FFSZX returned 10.89%/yr vs 10.53%/yr for FHTKX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.50% expense ratio.
Performance
FFSZX vs. FHTKX - Performance Comparison
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Returns By Period
In the year-to-date period, FFSZX achieves a 14.74% return, which is significantly higher than FHTKX's 12.90% return.
FFSZX
- 1D
- -0.28%
- 1M
- 3.06%
- YTD
- 14.74%
- 6M
- 14.23%
- 1Y
- 31.47%
- 3Y*
- 21.11%
- 5Y*
- 10.89%
- 10Y*
- —
FHTKX
- 1D
- -0.28%
- 1M
- 2.77%
- YTD
- 12.90%
- 6M
- 12.48%
- 1Y
- 28.03%
- 3Y*
- 20.60%
- 5Y*
- 10.53%
- 10Y*
- —
FFSZX vs. FHTKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFSZX Fidelity Freedom 2065 Fund Class K6 | 14.74% | 24.08% | 14.41% | 20.78% | -18.05% | 16.81% | 18.36% | 9.18% |
FHTKX Fidelity Freedom 2040 Fund Class K6 | 12.90% | 22.35% | 16.63% | 20.25% | -18.08% | 16.80% | 18.62% | 9.73% |
Correlation
The correlation between FFSZX and FHTKX 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 Jun 28, 2019 | 0.99 |
The correlation between FFSZX and FHTKX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FFSZX vs. FHTKX — Risk / Return Rank
FFSZX
FHTKX
FFSZX vs. FHTKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2065 Fund Class K6 (FFSZX) and Fidelity Freedom 2040 Fund Class K6 (FHTKX). 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 | FHTKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.36 | -0.02 |
| Martin ratioReturn relative to average drawdown | 14.61 | 14.52 | +0.09 |
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Drawdowns
FFSZX vs. FHTKX - Drawdown Comparison
The maximum FFSZX drawdown since its inception was -31.00%, roughly equal to the maximum FHTKX drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FFSZX and FHTKX.
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Drawdown Indicators
| FFSZX | FHTKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.00% | -30.95% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -8.69% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -14.06% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -27.05% | -0.12% |
Current DrawdownCurrent decline from peak | -0.28% | -0.28% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -5.42% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.00% | +0.22% |
Volatility
FFSZX vs. FHTKX - Volatility Comparison
Fidelity Freedom 2065 Fund Class K6 (FFSZX) has a higher volatility of 5.73% compared to Fidelity Freedom 2040 Fund Class K6 (FHTKX) at 5.03%. This indicates that FFSZX's price experiences larger fluctuations and is considered to be riskier than FHTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFSZX | FHTKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.03% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 10.43% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.75% | 12.33% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 14.52% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 15.58% | +1.53% |
FFSZX vs. FHTKX - Expense Ratio Comparison
Both FFSZX and FHTKX have an expense ratio of 0.50%.
Dividends
FFSZX vs. FHTKX - Dividend Comparison
FFSZX's dividend yield for the trailing twelve months is around 4.99%, less than FHTKX's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFSZX Fidelity Freedom 2065 Fund Class K6 | 4.99% | 3.82% | 2.92% | 2.26% | 8.99% | 7.98% | 2.41% | 1.47% | 0.00% | 0.00% |
FHTKX Fidelity Freedom 2040 Fund Class K6 | 6.50% | 5.27% | 5.65% | 2.00% | 12.68% | 12.37% | 5.93% | 7.00% | 8.48% | 3.12% |
Frequently Asked Questions
With a correlation of 1.00, FFSZX and FHTKX 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.
FFSZX has higher volatility (5.73%) compared to FHTKX (5.03%). In terms of maximum drawdown, FFSZX dropped -31.00% vs FHTKX's -30.95%.
FFSZX currently has the higher Sharpe Ratio (2.37 vs 2.37), 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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