FHEDX vs. FQLSX

Last updated Jun 4, 2026

FHEDX (Fidelity Freedom Blend 2050 Fund Class K6) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHEDX returned 10.86%/yr vs 11.34%/yr for FQLSX. With a 1.00 correlation, they move nearly in lockstep. FHEDX charges 0.29%/yr vs 0.00%/yr for FQLSX.

Performance

FHEDX vs. FQLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2050 Fund Class K6 (FHEDX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). 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 FHEDX having a 13.74% return and FQLSX slightly higher at 14.07%.

FHEDX

• 1D: 0.66%
• 1M: 5.35%
• YTD: 13.74%
• 6M: 15.23%
• 1Y: 30.94%
• 3Y*: 21.37%
• 5Y*: 10.86%
• 10Y*: —

FQLSX

• 1D: 0.65%
• 1M: 5.43%
• YTD: 14.07%
• 6M: 15.67%
• 1Y: 31.25%
• 3Y*: 22.00%
• 5Y*: 11.34%
• 10Y*: —

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

FHEDX vs. FQLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHEDX Fidelity Freedom Blend 2050 Fund Class K6	13.74%	22.89%	16.71%	20.79%	-18.90%	16.48%	18.06%	26.65%	-11.82%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	14.07%	22.80%	18.08%	21.04%	-18.58%	16.89%	18.43%	25.96%	-12.32%

Correlation

The correlation between FHEDX and FQLSX 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 Sep 4, 2018	1.00

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

Return for Risk

FHEDX vs. FQLSX — Risk / Return Rank

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

FHEDX

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

FQLSX

FQLSX Risk / Return Rank: 74
FQLSX Sharpe Ratio Rank: 76
FQLSX Sortino Ratio Rank: 70
FQLSX Omega Ratio Rank: 70
FQLSX Calmar Ratio Rank: 74
FQLSX Martin Ratio Rank: 79

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.

FHEDX vs. FQLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2050 Fund Class K6 (FHEDX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). 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.

	FHEDX	FQLSX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.54	-0.04
Sortino ratio: Return per unit of downside risk	3.44	3.50	-0.06
Omega ratio: Gain probability vs. loss probability	1.47	1.47	-0.01
Calmar ratio: Return relative to maximum drawdown	3.31	3.36	-0.05
Martin ratio: Return relative to average drawdown	14.66	14.85	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHEDX vs. FQLSX - Sharpe Ratio Comparison

The current FHEDX Sharpe Ratio is 2.50, which is comparable to the FQLSX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FHEDX and FQLSX, 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

	FHEDX	FQLSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.54	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.75	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.78	-0.05

Drawdowns

FHEDX vs. FQLSX - Drawdown Comparison

The maximum FHEDX drawdown since its inception was -31.34%, roughly equal to the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for FHEDX and FQLSX.

Drawdown Indicators

	FHEDX	FQLSX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-31.26%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-9.48%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-15.37%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-27.65%	-27.41%	-0.24%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.84%	-5.43%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.14%	0.00%

Volatility

FHEDX vs. FQLSX - Volatility Comparison

Fidelity Freedom Blend 2050 Fund Class K6 (FHEDX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX) have volatilities of 4.17% 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

	FHEDX	FQLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	4.13%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	10.29%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.60%	12.54%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	15.12%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	16.08%	+0.84%

FHEDX vs. FQLSX - Expense Ratio Comparison

FHEDX has a 0.29% expense ratio, which is higher than FQLSX's 0.00% expense ratio.

Dividends

FHEDX vs. FQLSX - Dividend Comparison

FHEDX's dividend yield for the trailing twelve months is around 3.36%, less than FQLSX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHEDX Fidelity Freedom Blend 2050 Fund Class K6	3.36%	2.56%	5.13%	1.95%	6.32%	8.45%	4.87%	3.32%	3.71%	0.00%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	4.59%	3.32%	7.20%	2.08%	5.79%	8.05%	5.76%	7.02%	8.18%	3.10%

Frequently Asked Questions

Can I hold both FHEDX and FQLSX in my portfolio?

With a correlation of 1.00, FHEDX and FQLSX 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, FHEDX or FQLSX?

FHEDX has higher volatility (4.17%) compared to FQLSX (4.13%). In terms of maximum drawdown, FHEDX dropped -31.34% vs FQLSX's -31.26%.

Which has better risk-adjusted returns?

FQLSX currently has the higher Sharpe Ratio (2.54 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.