FFTHX vs. FFEZX
FFTHX (Fidelity Freedom 2035 Fund) and FFEZX (Fidelity Freedom Index 2035 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FFTHX returned 11.18%/yr vs 10.72%/yr for FFEZX. With a 0.99 correlation, they move nearly in lockstep. FFTHX charges 0.63%/yr vs 0.08%/yr for FFEZX.
Performance
FFTHX vs. FFEZX - Performance Comparison
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Returns By Period
In the year-to-date period, FFTHX achieves a 10.57% return, which is significantly higher than FFEZX's 8.47% return. Both investments have delivered pretty close results over the past 10 years, with FFTHX having a 11.18% annualized return and FFEZX not far behind at 10.72%.
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%
FFEZX
- 1D
- -0.21%
- 1M
- 1.41%
- YTD
- 8.47%
- 6M
- 8.08%
- 1Y
- 20.02%
- 3Y*
- 15.07%
- 5Y*
- 7.45%
- 10Y*
- 10.72%
FFTHX vs. FFEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class | 8.47% | 17.36% | 11.27% | 17.31% | -17.55% | 13.80% | 15.58% | 24.92% | -6.72% | 20.40% |
Correlation
The correlation between FFTHX and FFEZX 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 | 0.99 |
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 Jun 29, 2015 | 0.99 |
The correlation between FFTHX and FFEZX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FFTHX vs. FFEZX — Risk / Return Rank
FFTHX
FFEZX
FFTHX vs. FFEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2035 Fund (FFTHX) and Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX). 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.
| FFTHX | FFEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.00 | +0.19 |
| Martin ratioReturn relative to average drawdown | 13.69 | 12.82 | +0.87 |
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Drawdowns
FFTHX vs. FFEZX - Drawdown Comparison
The maximum FFTHX drawdown since its inception was -52.86%, which is greater than FFEZX's maximum drawdown of -28.46%. Use the drawdown chart below to compare losses from any high point for FFTHX and FFEZX.
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Drawdown Indicators
| FFTHX | FFEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.86% | -28.46% | -24.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -6.95% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -11.02% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -25.94% | -24.83% | -1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -28.81% | -28.46% | -0.35% |
Current DrawdownCurrent decline from peak | -0.26% | -0.48% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -4.49% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.63% | +0.12% |
Volatility
FFTHX vs. FFEZX - Volatility Comparison
Fidelity Freedom 2035 Fund (FFTHX) has a higher volatility of 4.23% compared to Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) at 3.77%. This indicates that FFTHX's price experiences larger fluctuations and is considered to be riskier than FFEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFTHX | FFEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.77% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 7.84% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 9.40% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.51% | 11.99% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.55% | 13.39% | +0.16% |
FFTHX vs. FFEZX - Expense Ratio Comparison
FFTHX has a 0.63% expense ratio, which is higher than FFEZX's 0.08% expense ratio.
Dividends
FFTHX vs. FFEZX - Dividend Comparison
FFTHX's dividend yield for the trailing twelve months is around 5.83%, more than FFEZX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class | 2.60% | 2.80% | 2.54% | 2.13% | 2.08% | 2.04% | 2.18% | 16.18% | 2.27% | 1.85% | 2.01% | 2.04% |
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, FFTHX and FFEZX 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.
FFTHX has higher volatility (4.23%) compared to FFEZX (3.77%). In terms of maximum drawdown, FFTHX dropped -52.86% vs FFEZX's -28.46%.
FFTHX currently has the higher Sharpe Ratio (2.31 vs 2.23), 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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