FHAKX vs. FBGRX

Last updated Jun 23, 2026

FHAKX (Fidelity Advisor Freedom Blend Income Fund Class C) and FBGRX (Fidelity Blue Chip Growth Fund) are both mutual funds - FHAKX is a Target Retirement Date fund managed by Fidelity, while FBGRX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FHAKX returned 2.05%/yr vs 16.32%/yr for FBGRX. A 0.59 correlation means they provide meaningful diversification when combined. FHAKX charges 1.41%/yr vs 0.79%/yr for FBGRX.

Performance

FHAKX vs. FBGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend Income Fund Class C (FHAKX) and Fidelity Blue Chip Growth Fund (FBGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHAKX achieves a 4.52% return, which is significantly lower than FBGRX's 19.05% return.

FHAKX

• 1D: 0.56%
• 1M: 1.17%
• YTD: 4.52%
• 6M: 4.63%
• 1Y: 9.87%
• 3Y*: 6.64%
• 5Y*: 2.05%
• 10Y*: —

FBGRX

• 1D: 2.03%
• 1M: 4.78%
• YTD: 19.05%
• 6M: 18.64%
• 1Y: 44.33%
• 3Y*: 31.24%
• 5Y*: 16.32%
• 10Y*: 22.23%

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

FHAKX vs. FBGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHAKX Fidelity Advisor Freedom Blend Income Fund Class C	4.52%	9.02%	3.18%	6.98%	-12.55%	1.71%	7.52%	9.42%	-2.48%
FBGRX Fidelity Blue Chip Growth Fund	19.05%	19.91%	39.77%	55.61%	-38.45%	22.64%	62.20%	33.43%	-15.91%

Correlation

The correlation between FHAKX and FBGRX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.59

The correlation between FHAKX and FBGRX shifts across timeframes, from 0.56 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FHAKX vs. FBGRX — Risk / Return Rank

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

FHAKX

FHAKX Risk / Return Rank: 59
FHAKX Sharpe Ratio Rank: 56
FHAKX Sortino Ratio Rank: 59
FHAKX Omega Ratio Rank: 68
FHAKX Calmar Ratio Rank: 53
FHAKX Martin Ratio Rank: 59

FBGRX

FBGRX Risk / Return Rank: 73
FBGRX Sharpe Ratio Rank: 76
FBGRX Sortino Ratio Rank: 63
FBGRX Omega Ratio Rank: 63
FBGRX Calmar Ratio Rank: 80
FBGRX Martin Ratio Rank: 83

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.

FHAKX vs. FBGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend Income Fund Class C (FHAKX) and Fidelity Blue Chip Growth Fund (FBGRX). 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.

	FHAKX	FBGRX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.34	-0.31
Sortino ratio: Return per unit of downside risk	2.95	3.03	-0.08
Omega ratio: Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	2.65	3.46	-0.81
Martin ratio: Return relative to average drawdown	11.10	14.31	-3.22

FHAKX vs. FBGRX - Sharpe Ratio Comparison

The current FHAKX Sharpe Ratio is 2.04, which is comparable to the FBGRX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FHAKX and FBGRX, 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

FHAKX vs. FBGRX - Drawdown Comparison

The maximum FHAKX drawdown since its inception was -16.96%, smaller than the maximum FBGRX drawdown of -58.64%. Use the drawdown chart below to compare losses from any high point for FHAKX and FBGRX.

Drawdown Indicators

	FHAKX	FBGRX	Difference
Max Drawdown Largest peak-to-trough decline	-16.96%	-58.64%	+41.68%
Max Drawdown (1Y) Largest decline over 1 year	-3.74%	-12.65%	+8.91%
Max Drawdown (3Y) Largest decline over 3 years	-5.24%	-27.07%	+21.83%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-43.08%	+26.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.08%	—
Current Drawdown Current decline from peak	-0.06%	-0.34%	+0.28%
Average Drawdown Average peak-to-trough decline	-3.99%	-12.52%	+8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	3.06%	-2.17%

Volatility

FHAKX vs. FBGRX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Blend Income Fund Class C (FHAKX) is 2.34%, while Fidelity Blue Chip Growth Fund (FBGRX) has a volatility of 7.86%. This indicates that FHAKX experiences smaller price fluctuations and is considered to be less risky than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHAKX	FBGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	7.86%	-5.52%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	14.72%	-10.47%
Volatility (1Y) Calculated over the trailing 1-year period	4.87%	18.71%	-13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.44%	25.07%	-19.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.02%	23.78%	-18.76%

FHAKX vs. FBGRX - Expense Ratio Comparison

FHAKX has a 1.41% expense ratio, which is higher than FBGRX's 0.79% expense ratio.

Dividends

FHAKX vs. FBGRX - Dividend Comparison

FHAKX's dividend yield for the trailing twelve months is around 2.07%, more than FBGRX's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGRX Fidelity Blue Chip Growth Fund	1.60%	1.90%	5.95%	0.93%	0.57%	8.73%	6.40%	3.70%	6.32%	4.23%	4.05%	5.30%
FHAKX Fidelity Advisor Freedom Blend Income Fund Class C	2.07%	2.29%	1.99%	1.90%	3.79%	3.49%	1.88%	1.50%	1.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHAKX and FBGRX in my portfolio?

FHAKX and FBGRX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHAKX or FBGRX?

FBGRX has higher volatility (7.86%) compared to FHAKX (2.34%). In terms of maximum drawdown, FHAKX dropped -16.96% vs FBGRX's -58.64%.

Which has better risk-adjusted returns?

FBGRX currently has the higher Sharpe Ratio (2.34 vs 2.04), 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.