FHDDX vs. FFFGX

Last updated Jun 3, 2026

FHDDX (Fidelity Freedom Blend 2055 Fund Class K6) and FFFGX (Fidelity Freedom 2045 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHDDX returned 10.64%/yr vs 10.34%/yr for FFFGX. With a 0.99 correlation, they move nearly in lockstep. FHDDX charges 0.29%/yr vs 0.75%/yr for FFFGX.

Performance

FHDDX vs. FFFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2055 Fund Class K6 (FHDDX) and Fidelity Freedom 2045 Fund (FFFGX). 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 FHDDX having a 13.24% return and FFFGX slightly higher at 13.46%.

FHDDX

• 1D: 0.30%
• 1M: 4.23%
• YTD: 13.24%
• 6M: 15.23%
• 1Y: 30.63%
• 3Y*: 21.22%
• 5Y*: 10.64%
• 10Y*: —

FFFGX

• 1D: 0.58%
• 1M: 4.96%
• YTD: 13.46%
• 6M: 15.30%
• 1Y: 30.80%
• 3Y*: 20.54%
• 5Y*: 10.34%
• 10Y*: 12.38%

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

FHDDX vs. FFFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHDDX Fidelity Freedom Blend 2055 Fund Class K6	13.24%	22.85%	16.77%	20.77%	-18.91%	16.49%	18.00%	26.74%	-11.77%
FFFGX Fidelity Freedom 2045 Fund	13.46%	23.77%	13.95%	20.56%	-18.29%	16.55%	18.22%	25.41%	-12.56%

Correlation

The correlation between FHDDX and FFFGX 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 Sep 4, 2018	0.99

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

Return for Risk

FHDDX vs. FFFGX — Risk / Return Rank

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

FHDDX

FHDDX Risk / Return Rank: 71
FHDDX Sharpe Ratio Rank: 72
FHDDX Sortino Ratio Rank: 67
FHDDX Omega Ratio Rank: 68
FHDDX Calmar Ratio Rank: 71
FHDDX Martin Ratio Rank: 78

FFFGX

FFFGX Risk / Return Rank: 72
FFFGX Sharpe Ratio Rank: 75
FFFGX Sortino Ratio Rank: 69
FFFGX Omega Ratio Rank: 69
FFFGX Calmar Ratio Rank: 72
FFFGX Martin Ratio Rank: 77

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.

FHDDX vs. FFFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2055 Fund Class K6 (FHDDX) and Fidelity Freedom 2045 Fund (FFFGX). 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.

	FHDDX	FFFGX	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.50	-0.02
Sortino ratio Return per unit of downside risk	3.42	3.45	-0.03
Omega ratio Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio Return relative to maximum drawdown	3.27	3.27	0.00
Martin ratio Return relative to average drawdown	14.55	14.49	+0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHDDX vs. FFFGX - Sharpe Ratio Comparison

The current FHDDX Sharpe Ratio is 2.48, which is comparable to the FFFGX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FHDDX and FFFGX, 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

	FHDDX	FFFGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.50	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.69	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.49	+0.24

Drawdowns

FHDDX vs. FFFGX - Drawdown Comparison

The maximum FHDDX drawdown since its inception was -31.34%, smaller than the maximum FFFGX drawdown of -54.61%. Use the drawdown chart below to compare losses from any high point for FHDDX and FFFGX.

Drawdown Indicators

	FHDDX	FFFGX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-54.61%	+23.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.70%	-9.57%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-15.42%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-27.33%	-0.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.85%	-8.36%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.16%	+0.02%

Volatility

FHDDX vs. FFFGX - Volatility Comparison

Fidelity Freedom Blend 2055 Fund Class K6 (FHDDX) and Fidelity Freedom 2045 Fund (FFFGX) have volatilities of 4.21% and 4.13%, 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

	FHDDX	FFFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	4.13%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	10.24%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	12.51%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	14.97%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	15.36%	+1.56%

FHDDX vs. FFFGX - Expense Ratio Comparison

FHDDX has a 0.29% expense ratio, which is lower than FFFGX's 0.75% expense ratio.

Dividends

FHDDX vs. FFFGX - Dividend Comparison

FHDDX's dividend yield for the trailing twelve months is around 3.33%, less than FFFGX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFGX Fidelity Freedom 2045 Fund	5.79%	4.40%	1.97%	1.84%	12.04%	12.00%	4.99%	6.51%	7.82%	4.01%	4.15%	4.07%
FHDDX Fidelity Freedom Blend 2055 Fund Class K6	3.33%	2.49%	5.24%	2.04%	6.20%	8.33%	4.63%	3.09%	3.76%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHDDX and FFFGX in my portfolio?

With a correlation of 0.99, FHDDX and FFFGX 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, FHDDX or FFFGX?

FHDDX has higher volatility (4.21%) compared to FFFGX (4.13%). In terms of maximum drawdown, FHDDX dropped -31.34% vs FFFGX's -54.61%.

Which has better risk-adjusted returns?

FFFGX currently has the higher Sharpe Ratio (2.50 vs 2.48), 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.