FHCDX vs. FDFPX

Last updated Jun 4, 2026

FHCDX (Fidelity Freedom Blend 2060 Fund Class K6) and FDFPX (Fidelity Flex Freedom Blend 2065 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHCDX returned 10.95%/yr vs 11.28%/yr for FDFPX. With a 0.99 correlation, they move nearly in lockstep. FHCDX charges 0.29%/yr vs 0.00%/yr for FDFPX.

Performance

FHCDX vs. FDFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2060 Fund Class K6 (FHCDX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FHCDX having a 14.02% return and FDFPX slightly higher at 14.11%.

FHCDX

• 1D: 0.70%
• 1M: 5.47%
• YTD: 14.02%
• 6M: 15.56%
• 1Y: 31.25%
• 3Y*: 21.56%
• 5Y*: 10.95%
• 10Y*: —

FDFPX

• 1D: 0.70%
• 1M: 5.45%
• YTD: 14.11%
• 6M: 15.71%
• 1Y: 31.31%
• 3Y*: 21.92%
• 5Y*: 11.28%
• 10Y*: —

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

FHCDX vs. FDFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FHCDX Fidelity Freedom Blend 2060 Fund Class K6	14.02%	22.85%	16.96%	20.69%	-18.85%	16.45%	18.05%	9.04%
FDFPX Fidelity Flex Freedom Blend 2065 Fund	14.11%	22.81%	17.81%	20.93%	-18.57%	16.84%	18.54%	9.17%

Correlation

The correlation between FHCDX and FDFPX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.99

The correlation between FHCDX and FDFPX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FHCDX vs. FDFPX — Risk / Return Rank

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

FHCDX

FHCDX Risk / Return Rank: 72
FHCDX Sharpe Ratio Rank: 74
FHCDX Sortino Ratio Rank: 68
FHCDX Omega Ratio Rank: 69
FHCDX Calmar Ratio Rank: 72
FHCDX Martin Ratio Rank: 78

FDFPX

FDFPX Risk / Return Rank: 74
FDFPX Sharpe Ratio Rank: 76
FDFPX Sortino Ratio Rank: 70
FDFPX Omega Ratio Rank: 70
FDFPX Calmar Ratio Rank: 73
FDFPX Martin Ratio Rank: 78

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.

FHCDX vs. FDFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2060 Fund Class K6 (FHCDX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). 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.

	FHCDX	FDFPX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.53	-0.03
Sortino ratio: Return per unit of downside risk	3.44	3.48	-0.04
Omega ratio: Gain probability vs. loss probability	1.46	1.47	0.00
Calmar ratio: Return relative to maximum drawdown	3.29	3.33	-0.04
Martin ratio: Return relative to average drawdown	14.62	14.77	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHCDX vs. FDFPX - Sharpe Ratio Comparison

The current FHCDX Sharpe Ratio is 2.50, which is comparable to the FDFPX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FHCDX and FDFPX, 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

	FHCDX	FDFPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.53	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.75	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.81	-0.07

Drawdowns

FHCDX vs. FDFPX - Drawdown Comparison

The maximum FHCDX drawdown since its inception was -31.28%, roughly equal to the maximum FDFPX drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for FHCDX and FDFPX.

Drawdown Indicators

	FHCDX	FDFPX	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-31.22%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-9.54%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-15.51%	-15.42%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-27.69%	-27.41%	-0.28%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.83%	-5.85%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	2.15%	+0.02%

Volatility

FHCDX vs. FDFPX - Volatility Comparison

Fidelity Freedom Blend 2060 Fund Class K6 (FHCDX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX) have volatilities of 4.22% and 4.15%, 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.

Volatility by Period

	FHCDX	FDFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.15%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	10.33%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	12.56%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	15.09%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	17.18%	-0.28%

FHCDX vs. FDFPX - Expense Ratio Comparison

FHCDX has a 0.29% expense ratio, which is higher than FDFPX's 0.00% expense ratio.

Dividends

FHCDX vs. FDFPX - Dividend Comparison

FHCDX's dividend yield for the trailing twelve months is around 3.31%, less than FDFPX's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FDFPX Fidelity Flex Freedom Blend 2065 Fund	3.75%	2.87%	6.56%	2.22%	5.41%	8.52%	5.38%	3.19%	0.00%
FHCDX Fidelity Freedom Blend 2060 Fund Class K6	3.31%	2.52%	5.51%	2.05%	5.98%	8.10%	4.24%	3.04%	3.50%

Frequently Asked Questions

Can I hold both FHCDX and FDFPX in my portfolio?

With a correlation of 1.00, FHCDX and FDFPX 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, FHCDX or FDFPX?

FHCDX has higher volatility (4.22%) compared to FDFPX (4.15%). In terms of maximum drawdown, FHCDX dropped -31.28% vs FDFPX's -31.22%.

Which has better risk-adjusted returns?

FDFPX currently has the higher Sharpe Ratio (2.53 vs 2.50), 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.