FHCEX vs. FIKFX
FHCEX (Fidelity Freedom Blend 2020 Fund Class K) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHCEX returned 4.48%/yr vs 2.72%/yr for FIKFX. Their correlation of 0.85 means they have usually moved in the same direction. FHCEX charges 0.34%/yr vs 0.12%/yr for FIKFX.
Performance
FHCEX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, FHCEX achieves a 5.86% return, which is significantly higher than FIKFX's 3.28% return.
FHCEX
- 1D
- 1.15%
- 1M
- -0.81%
- 6M
- 3.83%
- YTD
- 5.86%
- 1Y
- 12.43%
- 3Y*
- 10.19%
- 5Y*
- 4.48%
- 10Y*
- —
- ALL TIME*
- 6.67%
FIKFX
- 1D
- 0.56%
- 1M
- -0.35%
- 6M
- 2.29%
- YTD
- 3.28%
- 1Y
- 7.10%
- 3Y*
- 6.88%
- 5Y*
- 2.72%
- 10Y*
- 4.02%
- ALL TIME*
- 3.91%
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 |
FHCEX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHCEX Fidelity Freedom Blend 2020 Fund Class K | 5.86% | 14.39% | 7.20% | 12.74% | -16.29% | 8.72% | 13.32% | 18.54% | -6.86% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 3.28% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -2.00% |
Correlation
The correlation between FHCEX and FIKFX is 0.95, 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.85 |
The correlation between FHCEX and FIKFX has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.
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Return for Risk
FHCEX vs. FIKFX — Risk / Return Rank
FHCEX
FIKFX
FHCEX vs. FIKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2020 Fund Class K (FHCEX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). 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.
| FHCEX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.20 | +0.06 |
| Martin ratioReturn relative to average drawdown | 9.15 | 9.13 | +0.02 |
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Drawdowns
FHCEX vs. FIKFX - Drawdown Comparison
The maximum FHCEX drawdown since its inception was -22.81%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FHCEX and FIKFX.
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Drawdown Indicators
| FHCEX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -15.03% | -7.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -3.32% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -3.82% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -15.03% | -7.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.03% | — |
Current DrawdownCurrent decline from peak | -1.52% | -0.87% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -1.71% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.80% | +0.53% |
Volatility
FHCEX vs. FIKFX - Volatility Comparison
Fidelity Freedom Blend 2020 Fund Class K (FHCEX) has a higher volatility of 2.32% compared to Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) at 1.38%. This indicates that FHCEX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHCEX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.38% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 6.67% | 3.85% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.75% | 4.44% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.09% | 5.21% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.72% | 4.48% | +5.24% |
FHCEX vs. FIKFX - Expense Ratio Comparison
FHCEX has a 0.34% expense ratio, which is higher than FIKFX's 0.12% expense ratio.
Dividends
FHCEX vs. FIKFX - Dividend Comparison
FHCEX's dividend yield for the trailing twelve months is around 3.51%, more than FIKFX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHCEX Fidelity Freedom Blend 2020 Fund Class K | 3.51% | 2.68% | 2.52% | 2.55% | 6.03% | 7.31% | 4.38% | 3.07% | 1.34% | 0.00% | 0.00% | 0.00% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 2.88% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
Frequently Asked Questions
With a correlation of 0.95, FHCEX and FIKFX 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.
FHCEX has higher volatility (2.32%) compared to FIKFX (1.38%). In terms of maximum drawdown, FHCEX dropped -22.81% vs FIKFX's -15.03%.
FIKFX currently has the higher Sharpe Ratio (1.65 vs 1.58), 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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