FHAEX vs. FSKAX

Last updated Jun 4, 2026

FHAEX (Fidelity Freedom Blend 2030 Fund Class K) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FHAEX is a Target Retirement Date fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FHAEX returned 6.97%/yr vs 13.08%/yr for FSKAX. Their correlation of 0.92 suggests significant overlap in exposure. FHAEX charges 0.36%/yr vs 0.01%/yr for FSKAX.

Performance

FHAEX vs. FSKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2030 Fund Class K (FHAEX) and Fidelity Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHAEX achieves a 9.05% return, which is significantly lower than FSKAX's 12.08% return.

FHAEX

• 1D: 0.44%
• 1M: 3.53%
• YTD: 9.05%
• 6M: 9.84%
• 1Y: 21.24%
• 3Y*: 15.07%
• 5Y*: 6.97%
• 10Y*: —

FSKAX

• 1D: 0.24%
• 1M: 5.80%
• YTD: 12.08%
• 6M: 11.98%
• 1Y: 29.13%
• 3Y*: 22.42%
• 5Y*: 13.08%
• 10Y*: 15.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHAEX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHAEX Fidelity Freedom Blend 2030 Fund Class K	9.05%	17.00%	11.31%	15.41%	-17.42%	11.19%	15.38%	22.53%	-8.21%
FSKAX Fidelity Total Market Index Fund	12.08%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-13.73%

Correlation

The correlation between FHAEX and FSKAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018	0.92

The correlation between FHAEX and FSKAX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

FHAEX vs. FSKAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHAEX

FHAEX Risk / Return Rank: 70
FHAEX Sharpe Ratio Rank: 71
FHAEX Sortino Ratio Rank: 70
FHAEX Omega Ratio Rank: 71
FHAEX Calmar Ratio Rank: 67
FHAEX Martin Ratio Rank: 71

FSKAX

FSKAX Risk / Return Rank: 71
FSKAX Sharpe Ratio Rank: 71
FSKAX Sortino Ratio Rank: 64
FSKAX Omega Ratio Rank: 63
FSKAX Calmar Ratio Rank: 74
FSKAX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHAEX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2030 Fund Class K (FHAEX) and Fidelity Total Market Index Fund (FSKAX). 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.

	FHAEX	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.46	+0.02
Sortino ratio: Return per unit of downside risk	3.52	3.35	+0.17
Omega ratio: Gain probability vs. loss probability	1.48	1.44	+0.03
Calmar ratio: Return relative to maximum drawdown	3.17	3.38	-0.21
Martin ratio: Return relative to average drawdown	13.70	15.52	-1.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHAEX vs. FSKAX - Sharpe Ratio Comparison

The current FHAEX Sharpe Ratio is 2.48, which is comparable to the FSKAX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of FHAEX and FSKAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FHAEX	FSKAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.46	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.76	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.85	-0.11

Drawdowns

FHAEX vs. FSKAX - Drawdown Comparison

The maximum FHAEX drawdown since its inception was -24.60%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FHAEX and FSKAX.

Drawdown Indicators

	FHAEX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-24.60%	-35.01%	+10.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-8.92%	+2.12%
Max Drawdown (3Y) Largest decline over 3 years	-10.07%	-19.43%	+9.36%
Max Drawdown (5Y) Largest decline over 5 years	-24.57%	-25.39%	+0.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.01%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.18%	-4.02%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.94%	-0.37%

Volatility

FHAEX vs. FSKAX - Volatility Comparison

Fidelity Freedom Blend 2030 Fund Class K (FHAEX) has a higher volatility of 3.16% compared to Fidelity Total Market Index Fund (FSKAX) at 2.97%. This indicates that FHAEX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHAEX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	2.97%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	9.23%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	8.70%	12.26%	-3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.86%	17.41%	-6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.35%	18.46%	-6.11%

FHAEX vs. FSKAX - Expense Ratio Comparison

FHAEX has a 0.36% expense ratio, which is higher than FSKAX's 0.02% expense ratio.

Dividends

FHAEX vs. FSKAX - Dividend Comparison

FHAEX's dividend yield for the trailing twelve months is around 3.63%, more than FSKAX's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHAEX Fidelity Freedom Blend 2030 Fund Class K	3.63%	3.00%	4.30%	2.27%	5.43%	7.17%	4.57%	3.41%	2.92%	0.00%	0.00%	0.00%
FSKAX Fidelity Total Market Index Fund	0.93%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both FHAEX and FSKAX in my portfolio?

With a correlation of 0.91, FHAEX and FSKAX 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, FHAEX or FSKAX?

FHAEX has higher volatility (3.16%) compared to FSKAX (2.97%). In terms of maximum drawdown, FHAEX dropped -24.60% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FHAEX currently has the higher Sharpe Ratio (2.48 vs 2.46), 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.