FHAOX vs. FDEWX
FHAOX (Fidelity Freedom Blend 2055 Fund) and FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHAOX returned 11.04%/yr vs 10.20%/yr for FDEWX. With a 0.99 correlation, they move nearly in lockstep. FHAOX charges 0.49%/yr vs 0.12%/yr for FDEWX.
Performance
FHAOX vs. FDEWX - Performance Comparison
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Returns By Period
In the year-to-date period, FHAOX achieves a 14.55% return, which is significantly higher than FDEWX's 12.03% return.
FHAOX
- 1D
- 1.50%
- 1M
- 3.23%
- YTD
- 14.55%
- 6M
- 14.54%
- 1Y
- 31.54%
- 3Y*
- 20.34%
- 5Y*
- 11.04%
- 10Y*
- —
FDEWX
- 1D
- 1.21%
- 1M
- 1.93%
- YTD
- 12.03%
- 6M
- 11.90%
- 1Y
- 27.97%
- 3Y*
- 18.21%
- 5Y*
- 10.20%
- 10Y*
- 11.95%
FHAOX vs. FDEWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHAOX Fidelity Freedom Blend 2055 Fund | 14.55% | 22.61% | 16.44% | 20.52% | -19.09% | 16.26% | 17.91% | 26.35% | -15.00% |
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 12.03% | 21.39% | 14.14% | 19.95% | -18.01% | 15.88% | 16.46% | 25.94% | -11.88% |
Correlation
The correlation between FHAOX and FDEWX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.99 |
The correlation between FHAOX and FDEWX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FHAOX vs. FDEWX — Risk / Return Rank
FHAOX
FDEWX
FHAOX vs. FDEWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2055 Fund (FHAOX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). 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.
| FHAOX | FDEWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.05 | +0.17 |
| Martin ratioReturn relative to average drawdown | 14.01 | 13.14 | +0.87 |
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Drawdowns
FHAOX vs. FDEWX - Drawdown Comparison
The maximum FHAOX drawdown since its inception was -31.31%, roughly equal to the maximum FDEWX drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for FHAOX and FDEWX.
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Drawdown Indicators
| FHAOX | FDEWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -30.69% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -9.07% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -14.74% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -27.84% | -26.22% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -4.22% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.10% | +0.13% |
Volatility
FHAOX vs. FDEWX - Volatility Comparison
Fidelity Freedom Blend 2055 Fund (FHAOX) has a higher volatility of 5.81% compared to Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) at 5.18%. This indicates that FHAOX's price experiences larger fluctuations and is considered to be riskier than FDEWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAOX | FDEWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 5.18% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 10.44% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 12.42% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 14.52% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 15.23% | +1.74% |
FHAOX vs. FDEWX - Expense Ratio Comparison
FHAOX has a 0.49% expense ratio, which is higher than FDEWX's 0.12% expense ratio.
Dividends
FHAOX vs. FDEWX - Dividend Comparison
FHAOX's dividend yield for the trailing twelve months is around 3.20%, more than FDEWX's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.69% | 1.97% | 1.98% | 1.92% | 2.24% | 1.89% | 1.85% | 10.83% | 2.36% | 1.93% | 2.42% | 2.31% |
FHAOX Fidelity Freedom Blend 2055 Fund | 3.20% | 2.38% | 4.98% | 1.92% | 6.09% | 8.36% | 4.54% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, FHAOX and FDEWX 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.
FHAOX has higher volatility (5.81%) compared to FDEWX (5.18%). In terms of maximum drawdown, FHAOX dropped -31.31% vs FDEWX's -30.69%.
FHAOX currently has the higher Sharpe Ratio (2.29 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.
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