FHAVX vs. FCQTX

Last updated Aug 1, 2026

FHAVX (Fidelity Freedom Blend 2020 Fund) and FCQTX (American Funds 2065 Target Date Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, FHAVX returned 4.33%/yr vs 9.17%/yr for FCQTX. Their correlation of 0.92 means they have usually moved in the same direction. FHAVX charges 0.44%/yr vs 0.01%/yr for FCQTX.

Performance

FHAVX vs. FCQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2020 Fund (FHAVX) and American Funds 2065 Target Date Retirement Fund (FCQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHAVX achieves a 5.77% return, which is significantly lower than FCQTX's 8.57% return.

FHAVX

• 1D: 1.16%
• 1M: -0.81%
• 6M: 3.73%
• YTD: 5.77%
• 1Y: 12.37%
• 3Y*: 10.09%
• 5Y*: 4.33%
• 10Y*: —
• ALL TIME*: 6.31%

FCQTX

• 1D: 1.86%
• 1M: -1.70%
• 6M: 5.59%
• YTD: 8.57%
• 1Y: 18.86%
• 3Y*: 16.62%
• 5Y*: 9.17%
• 10Y*: —
• ALL TIME*: 15.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCQTX American Funds 2065 Target Date Retirement Fund	$0.00	$0.00	$0.00
FHAVX Fidelity Freedom Blend 2020 Fund	$0.00	$0.00	$0.00

FHAVX vs. FCQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FHAVX Fidelity Freedom Blend 2020 Fund	5.77%	14.31%	7.02%	12.71%	-16.58%	8.62%	27.37%
FCQTX American Funds 2065 Target Date Retirement Fund	8.57%	20.74%	15.64%	21.56%	-19.63%	17.34%	47.06%

Correlation

The correlation between FHAVX and FCQTX is 0.94, 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.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Mar 27, 2020	0.92

The correlation between FHAVX and FCQTX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

FHAVX vs. FCQTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHAVX

FHAVX Risk / Return Rank: 62
FHAVX Sharpe Ratio Rank: 60
FHAVX Sortino Ratio Rank: 60
FHAVX Omega Ratio Rank: 63
FHAVX Calmar Ratio Rank: 61
FHAVX Martin Ratio Rank: 69

FCQTX

FCQTX Risk / Return Rank: 48
FCQTX Sharpe Ratio Rank: 46
FCQTX Sortino Ratio Rank: 46
FCQTX Omega Ratio Rank: 45
FCQTX Calmar Ratio Rank: 45
FCQTX Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHAVX vs. FCQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2020 Fund (FHAVX) and American Funds 2065 Target Date Retirement Fund (FCQTX). 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.

	FHAVX	FCQTX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.28	+0.28
Sortino ratio: Return per unit of downside risk	2.23	1.84	+0.39
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.06
Calmar ratio: Return relative to maximum drawdown	2.18	1.74	+0.44
Martin ratio: Return relative to average drawdown	8.96	7.47	+1.49

FHAVX vs. FCQTX - Sharpe Ratio Comparison

The current FHAVX Sharpe Ratio is 1.56, which is comparable to the FCQTX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FHAVX and FCQTX, 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

FHAVX vs. FCQTX - Drawdown Comparison

The maximum FHAVX drawdown since its inception was -22.86%, smaller than the maximum FCQTX drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for FHAVX and FCQTX.

Drawdown Indicators

	FHAVX	FCQTX	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-27.34%	+4.48%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-9.83%	+4.32%
Max Drawdown (3Y) Largest decline over 3 years	-7.37%	-15.53%	+8.16%
Max Drawdown (5Y) Largest decline over 5 years	-22.86%	-27.34%	+4.48%
Current Drawdown Current decline from peak	-1.53%	-2.62%	+1.09%
Average Drawdown Average peak-to-trough decline	-4.86%	-5.78%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	2.29%	-0.95%

Volatility

FHAVX vs. FCQTX - Volatility Comparison

The current volatility for Fidelity Freedom Blend 2020 Fund (FHAVX) is 2.46%, while American Funds 2065 Target Date Retirement Fund (FCQTX) has a volatility of 3.88%. This indicates that FHAVX experiences smaller price fluctuations and is considered to be less risky than FCQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHAVX	FCQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	3.88%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	11.05%	-4.37%
Volatility (1Y) Calculated over the trailing 1-year period	7.73%	13.34%	-5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.07%	14.93%	-5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.72%	15.09%	-5.37%

FHAVX vs. FCQTX - Expense Ratio Comparison

FHAVX has a 0.44% expense ratio, which is higher than FCQTX's 0.01% expense ratio.

Dividends

FHAVX vs. FCQTX - Dividend Comparison

FHAVX's dividend yield for the trailing twelve months is around 3.42%, less than FCQTX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FCQTX American Funds 2065 Target Date Retirement Fund	4.30%	4.67%	2.80%	1.99%	3.96%	1.54%	0.72%	0.00%
FHAVX Fidelity Freedom Blend 2020 Fund	3.42%	2.65%	2.43%	2.49%	5.75%	7.30%	4.22%	2.95%

Frequently Asked Questions

Can I hold both FHAVX and FCQTX in my portfolio?

With a correlation of 0.94, FHAVX and FCQTX 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.

Which is riskier, FHAVX or FCQTX?

FCQTX has higher volatility (3.88%) compared to FHAVX (2.46%). In terms of maximum drawdown, FHAVX dropped -22.86% vs FCQTX's -27.34%.

Which has better risk-adjusted returns?

FHAVX currently has the higher Sharpe Ratio (1.56 vs 1.28), 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.