FHAKX vs. FFSZX

Last updated Jun 6, 2026

FHAKX (Fidelity Advisor Freedom Blend Income Fund Class C) and FFSZX (Fidelity Freedom 2065 Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHAKX returned 1.97%/yr vs 10.52%/yr for FFSZX. A 0.72 correlation means they provide meaningful diversification when combined. FHAKX charges 1.41%/yr vs 0.50%/yr for FFSZX.

Performance

FHAKX vs. FFSZX - 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 Freedom 2065 Fund Class K6 (FFSZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHAKX achieves a 4.38% return, which is significantly lower than FFSZX's 13.82% return.

FHAKX

• 1D: 0.09%
• 1M: 0.85%
• YTD: 4.38%
• 6M: 4.69%
• 1Y: 10.17%
• 3Y*: 6.82%
• 5Y*: 1.97%
• 10Y*: —

FFSZX

• 1D: 0.40%
• 1M: 2.11%
• YTD: 13.82%
• 6M: 15.32%
• 1Y: 30.32%
• 3Y*: 21.12%
• 5Y*: 10.52%
• 10Y*: —

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

FHAKX vs. FFSZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FHAKX Fidelity Advisor Freedom Blend Income Fund Class C	4.38%	9.02%	3.18%	6.98%	-12.55%	1.71%	7.52%	2.79%
FFSZX Fidelity Freedom 2065 Fund Class K6	13.82%	24.08%	14.41%	20.78%	-18.05%	16.81%	18.36%	9.18%

Correlation

The correlation between FHAKX and FFSZX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.72

The correlation between FHAKX and FFSZX shifts across timeframes, from 0.72 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FHAKX vs. FFSZX — Risk / Return Rank

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

FHAKX

FHAKX Risk / Return Rank: 61
FHAKX Sharpe Ratio Rank: 61
FHAKX Sortino Ratio Rank: 66
FHAKX Omega Ratio Rank: 70
FHAKX Calmar Ratio Rank: 51
FHAKX Martin Ratio Rank: 59

FFSZX

FFSZX Risk / Return Rank: 73
FFSZX Sharpe Ratio Rank: 74
FFSZX Sortino Ratio Rank: 68
FFSZX Omega Ratio Rank: 70
FFSZX Calmar Ratio Rank: 72
FFSZX Martin Ratio Rank: 79

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. FFSZX - 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 2065 Fund Class K6 (FFSZX). 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.

	FHAKX	FFSZX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.43	-0.20
Sortino ratio: Return per unit of downside risk	3.29	3.35	-0.06
Omega ratio: Gain probability vs. loss probability	1.45	1.45	0.00
Calmar ratio: Return relative to maximum drawdown	2.64	3.17	-0.53
Martin ratio: Return relative to average drawdown	11.33	14.19	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHAKX vs. FFSZX - Sharpe Ratio Comparison

The current FHAKX Sharpe Ratio is 2.23, which is comparable to the FFSZX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of FHAKX and FFSZX, 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

	FHAKX	FFSZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.43	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.70	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.80	-0.14

Drawdowns

FHAKX vs. FFSZX - Drawdown Comparison

The maximum FHAKX drawdown since its inception was -16.96%, smaller than the maximum FFSZX drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for FHAKX and FFSZX.

Drawdown Indicators

	FHAKX	FFSZX	Difference
Max Drawdown Largest peak-to-trough decline	-16.96%	-31.00%	+14.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.74%	-9.77%	+6.03%
Max Drawdown (3Y) Largest decline over 3 years	-5.24%	-15.36%	+10.12%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-27.17%	+10.21%
Current Drawdown Current decline from peak	-0.19%	-0.11%	-0.08%
Average Drawdown Average peak-to-trough decline	-4.01%	-5.80%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	2.18%	-1.31%

Volatility

FHAKX vs. FFSZX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Blend Income Fund Class C (FHAKX) is 1.76%, while Fidelity Freedom 2065 Fund Class K6 (FFSZX) has a volatility of 4.21%. This indicates that FHAKX experiences smaller price fluctuations and is considered to be less risky than FFSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHAKX	FFSZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	4.21%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	3.74%	10.55%	-6.81%
Volatility (1Y) Calculated over the trailing 1-year period	4.45%	12.77%	-8.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.36%	15.01%	-9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	17.04%	-12.06%

FHAKX vs. FFSZX - Expense Ratio Comparison

FHAKX has a 1.41% expense ratio, which is higher than FFSZX's 0.50% expense ratio.

Dividends

FHAKX vs. FFSZX - Dividend Comparison

FHAKX's dividend yield for the trailing twelve months is around 2.11%, less than FFSZX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FFSZX Fidelity Freedom 2065 Fund Class K6	5.03%	3.82%	2.92%	2.26%	8.99%	7.98%	2.41%	1.47%	0.00%
FHAKX Fidelity Advisor Freedom Blend Income Fund Class C	2.03%	2.29%	1.99%	1.90%	3.79%	3.49%	1.88%	1.50%	1.27%

Frequently Asked Questions

Can I hold both FHAKX and FFSZX in my portfolio?

FHAKX and FFSZX have a correlation of 0.83, 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 FFSZX?

FFSZX has higher volatility (4.21%) compared to FHAKX (1.76%). In terms of maximum drawdown, FHAKX dropped -16.96% vs FFSZX's -31.00%.

Which has better risk-adjusted returns?

FFSZX currently has the higher Sharpe Ratio (2.43 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.