FHAHX vs. FHBZX
FHAHX (Fidelity Advisor Freedom Blend Income Fund Class Z) and FHBZX (Fidelity Freedom Blend Income Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHAHX returned 2.73%/yr vs 2.66%/yr for FHBZX. Their 0.97 correlation means they have historically moved very closely together. FHAHX charges 0.31%/yr vs 0.41%/yr for FHBZX.
Performance
FHAHX vs. FHBZX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FHAHX having a 4.39% return and FHBZX slightly higher at 4.45%.
FHAHX
- 1D
- 0.47%
- 1M
- -0.19%
- 6M
- 2.90%
- YTD
- 4.39%
- 1Y
- 8.05%
- 3Y*
- 7.62%
- 5Y*
- 2.73%
- 10Y*
- —
- ALL TIME*
- 4.22%
FHBZX
- 1D
- 0.47%
- 1M
- -0.08%
- 6M
- 3.06%
- YTD
- 4.45%
- 1Y
- 8.14%
- 3Y*
- 7.59%
- 5Y*
- 2.66%
- 10Y*
- —
- ALL TIME*
- 4.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHAHX vs. FHBZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHAHX Fidelity Advisor Freedom Blend Income Fund Class Z | 4.39% | 10.12% | 4.21% | 8.20% | -11.60% | 2.88% | 8.69% | 10.66% | -2.14% |
FHBZX Fidelity Freedom Blend Income Fund | 4.45% | 10.12% | 4.11% | 8.07% | -11.70% | 2.84% | 8.57% | 10.47% | -2.39% |
Correlation
The correlation between FHAHX and FHBZX 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. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.97 |
The correlation between FHAHX and FHBZX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FHAHX vs. FHBZX — Risk / Return Rank
FHAHX
FHBZX
FHAHX vs. FHBZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend Income Fund Class Z (FHAHX) and Fidelity Freedom Blend Income Fund (FHBZX). 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.
| FHAHX | FHBZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.37 | -0.07 |
| Martin ratioReturn relative to average drawdown | 9.20 | 9.54 | -0.34 |
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Drawdowns
FHAHX vs. FHBZX - Drawdown Comparison
The maximum FHAHX drawdown since its inception was -16.02%, roughly equal to the maximum FHBZX drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for FHAHX and FHBZX.
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Drawdown Indicators
| FHAHX | FHBZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.02% | -16.21% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.63% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -4.09% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.02% | -16.21% | +0.19% |
Current DrawdownCurrent decline from peak | -0.74% | -0.64% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -3.27% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.90% | +0.02% |
Volatility
FHAHX vs. FHBZX - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Blend Income Fund Class Z (FHAHX) is 1.70%, while Fidelity Freedom Blend Income Fund (FHBZX) has a volatility of 1.80%. This indicates that FHAHX experiences smaller price fluctuations and is considered to be less risky than FHBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAHX | FHBZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.80% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 4.58% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.19% | 5.17% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 5.51% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 5.05% | +0.02% |
FHAHX vs. FHBZX - Expense Ratio Comparison
FHAHX has a 0.31% expense ratio, which is lower than FHBZX's 0.41% expense ratio.
Dividends
FHAHX vs. FHBZX - Dividend Comparison
FHAHX's dividend yield for the trailing twelve months is around 2.63%, which matches FHBZX's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FHAHX Fidelity Advisor Freedom Blend Income Fund Class Z | 2.63% | 3.26% | 3.12% | 2.96% | 4.70% | 4.07% | 2.68% | 2.43% | 1.51% |
FHBZX Fidelity Freedom Blend Income Fund | 2.62% | 3.25% | 3.03% | 2.85% | 4.58% | 3.94% | 2.57% | 2.36% | 1.26% |
Frequently Asked Questions
With a correlation of 0.97, FHAHX and FHBZX 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.
FHBZX has higher volatility (1.80%) compared to FHAHX (1.70%). In terms of maximum drawdown, FHAHX dropped -16.02% vs FHBZX's -16.21%.
FHBZX currently has the higher Sharpe Ratio (1.66 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.
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