FHAKX vs. FFFAX
FHAKX (Fidelity Advisor Freedom Blend Income Fund Class C) and FFFAX (Fidelity Freedom Income Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHAKX returned 1.94%/yr vs 3.15%/yr for FFFAX. With a 0.97 correlation, they move nearly in lockstep. FHAKX charges 1.41%/yr vs 0.47%/yr for FFFAX.
Performance
FHAKX vs. FFFAX - Performance Comparison
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Returns By Period
In the year-to-date period, FHAKX achieves a 4.42% return, which is significantly lower than FFFAX's 5.01% return.
FHAKX
- 1D
- 0.09%
- 1M
- 0.13%
- 6M
- 4.42%
- YTD
- 4.42%
- 1Y
- 8.35%
- 3Y*
- 6.68%
- 5Y*
- 1.94%
- 10Y*
- —
FFFAX
- 1D
- 0.08%
- 1M
- 0.30%
- 6M
- 5.01%
- YTD
- 5.01%
- 1Y
- 9.62%
- 3Y*
- 7.93%
- 5Y*
- 3.15%
- 10Y*
- 4.48%
FHAKX vs. FFFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHAKX Fidelity Advisor Freedom Blend Income Fund Class C | 4.42% | 9.02% | 3.18% | 6.98% | -12.55% | 1.71% | 7.52% | 9.42% | -2.48% |
FFFAX Fidelity Freedom Income Fund | 5.01% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 10.74% | -2.39% |
Correlation
The correlation between FHAKX and FFFAX is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.97 |
The correlation between FHAKX and FFFAX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FHAKX vs. FFFAX — Risk / Return Rank
FHAKX
FFFAX
FHAKX vs. FFFAX - 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 Freedom Income Fund (FFFAX). 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 | FFFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.60 | -0.36 |
| Martin ratioReturn relative to average drawdown | 9.34 | 11.12 | -1.77 |
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Drawdowns
FHAKX vs. FFFAX - Drawdown Comparison
The maximum FHAKX drawdown since its inception was -16.96%, smaller than the maximum FFFAX drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for FHAKX and FFFAX.
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Drawdown Indicators
| FHAKX | FFFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.96% | -17.96% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -3.68% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.24% | -4.91% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | -15.87% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.87% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.08% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -1.79% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.86% | +0.04% |
Volatility
FHAKX vs. FFFAX - Volatility Comparison
Fidelity Advisor Freedom Blend Income Fund Class C (FHAKX) and Fidelity Freedom Income Fund (FFFAX) have volatilities of 2.35% and 2.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAKX | FFFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 2.37% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 4.42% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 5.02% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.47% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 4.66% | +0.36% |
FHAKX vs. FFFAX - Expense Ratio Comparison
FHAKX has a 1.41% expense ratio, which is higher than FFFAX's 0.47% expense ratio.
Dividends
FHAKX vs. FFFAX - Dividend Comparison
FHAKX's dividend yield for the trailing twelve months is around 2.07%, less than FFFAX's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 2.95% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
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
With a correlation of 0.98, FHAKX and FFFAX 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.
FFFAX has higher volatility (2.37%) compared to FHAKX (2.35%). In terms of maximum drawdown, FHAKX dropped -16.96% vs FFFAX's -17.96%.
FFFAX currently has the higher Sharpe Ratio (1.91 vs 1.71), 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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