FHAMX vs. FWLSX
FHAMX (Fidelity Advisor Freedom Blend Income Fund Class A) and FWLSX (Fidelity Flex Freedom Blend 2060 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHAMX returned 2.34%/yr vs 10.71%/yr for FWLSX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FHAMX charges 0.66%/yr vs 0.00%/yr for FWLSX.
Performance
FHAMX vs. FWLSX - Performance Comparison
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Returns By Period
In the year-to-date period, FHAMX achieves a 3.65% return, which is significantly lower than FWLSX's 12.35% return.
FHAMX
- 1D
- 0.75%
- 1M
- -0.65%
- 6M
- 2.37%
- YTD
- 3.65%
- 1Y
- 7.63%
- 3Y*
- 6.78%
- 5Y*
- 2.34%
- 10Y*
- —
- ALL TIME*
- 3.81%
FWLSX
- 1D
- 2.33%
- 1M
- -1.01%
- 6M
- 8.41%
- YTD
- 12.35%
- 1Y
- 24.74%
- 3Y*
- 19.00%
- 5Y*
- 10.71%
- 10Y*
- —
- ALL TIME*
- 12.05%
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 |
FHAMX vs. FWLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHAMX Fidelity Advisor Freedom Blend Income Fund Class A | 3.65% | 9.85% | 3.83% | 7.83% | -11.91% | 2.52% | 8.33% | 10.27% | -2.26% |
FWLSX Fidelity Flex Freedom Blend 2060 Fund | 12.35% | 22.76% | 17.95% | 21.00% | -18.55% | 16.88% | 18.48% | 25.96% | -12.49% |
Correlation
The correlation between FHAMX and FWLSX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.73 |
The correlation between FHAMX and FWLSX shifts across timeframes, from 0.73 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FHAMX vs. FWLSX — Risk / Return Rank
FHAMX
FWLSX
FHAMX vs. FWLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend Income Fund Class A (FHAMX) and Fidelity Flex Freedom Blend 2060 Fund (FWLSX). 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.
| FHAMX | FWLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.42 | -0.32 |
| Martin ratioReturn relative to average drawdown | 8.54 | 10.11 | -1.58 |
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Drawdowns
FHAMX vs. FWLSX - Drawdown Comparison
The maximum FHAMX drawdown since its inception was -16.37%, smaller than the maximum FWLSX drawdown of -31.32%. Use the drawdown chart below to compare losses from any high point for FHAMX and FWLSX.
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Drawdown Indicators
| FHAMX | FWLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -31.32% | +14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -9.49% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.14% | -15.38% | +11.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -27.40% | +11.03% |
Current DrawdownCurrent decline from peak | -1.20% | -2.17% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -5.36% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.27% | -1.35% |
Volatility
FHAMX vs. FWLSX - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Blend Income Fund Class A (FHAMX) is 1.70%, while Fidelity Flex Freedom Blend 2060 Fund (FWLSX) has a volatility of 4.39%. This indicates that FHAMX experiences smaller price fluctuations and is considered to be less risky than FWLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAMX | FWLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 4.39% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 12.17% | -7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 14.21% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 15.36% | -9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 16.10% | -11.04% |
FHAMX vs. FWLSX - Expense Ratio Comparison
FHAMX has a 0.66% expense ratio, which is higher than FWLSX's 0.00% expense ratio.
Dividends
FHAMX vs. FWLSX - Dividend Comparison
FHAMX's dividend yield for the trailing twelve months is around 2.62%, less than FWLSX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FHAMX Fidelity Advisor Freedom Blend Income Fund Class A | 2.33% | 2.92% | 2.75% | 2.62% | 4.35% | 3.72% | 2.35% | 2.17% | 1.39% | 0.00% |
FWLSX Fidelity Flex Freedom Blend 2060 Fund | 4.08% | 3.14% | 7.07% | 2.36% | 5.59% | 9.05% | 5.80% | 7.02% | 8.16% | 3.09% |
Frequently Asked Questions
FHAMX and FWLSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FWLSX has higher volatility (4.39%) compared to FHAMX (1.70%). In terms of maximum drawdown, FHAMX dropped -16.37% vs FWLSX's -31.32%.
FWLSX currently has the higher Sharpe Ratio (1.62 vs 1.51), 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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