FHFAX vs. FFFLX

Last updated Jun 24, 2026

FHFAX (Fidelity Advisor Freedom 2055 Fund Class A) and FFFLX (Fidelity Advisor Freedom 2050 Fund Class A) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FHFAX returned 12.33%/yr vs 12.29%/yr for FFFLX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 1.00% expense ratio.

Performance

FHFAX vs. FFFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2055 Fund Class A (FHFAX) and Fidelity Advisor Freedom 2050 Fund Class A (FFFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FHFAX having a 13.07% return and FFFLX slightly lower at 12.83%. Both investments have delivered pretty close results over the past 10 years, with FHFAX having a 12.33% annualized return and FFFLX not far behind at 12.29%.

FHFAX

• 1D: -0.26%
• 1M: 2.89%
• YTD: 13.07%
• 6M: 12.59%
• 1Y: 27.72%
• 3Y*: 19.67%
• 5Y*: 9.71%
• 10Y*: 12.33%

FFFLX

• 1D: -0.30%
• 1M: 2.84%
• YTD: 12.83%
• 6M: 12.39%
• 1Y: 27.47%
• 3Y*: 19.59%
• 5Y*: 9.63%
• 10Y*: 12.29%

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

FHFAX vs. FFFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHFAX Fidelity Advisor Freedom 2055 Fund Class A	13.07%	22.74%	13.42%	18.88%	-18.20%	15.74%	17.26%	26.38%	-8.52%	21.37%
FFFLX Fidelity Advisor Freedom 2050 Fund Class A	12.83%	22.73%	13.41%	18.92%	-18.34%	15.79%	17.25%	26.29%	-8.46%	21.36%

Correlation

The correlation between FHFAX and FFFLX 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 (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011	1.00

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

Return for Risk

FHFAX vs. FFFLX — Risk / Return Rank

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

FHFAX

FHFAX Risk / Return Rank: 62
FHFAX Sharpe Ratio Rank: 60
FHFAX Sortino Ratio Rank: 56
FHFAX Omega Ratio Rank: 60
FHFAX Calmar Ratio Rank: 62
FHFAX Martin Ratio Rank: 70

FFFLX

FFFLX Risk / Return Rank: 61
FFFLX Sharpe Ratio Rank: 60
FFFLX Sortino Ratio Rank: 55
FFFLX Omega Ratio Rank: 59
FFFLX Calmar Ratio Rank: 63
FFFLX Martin Ratio Rank: 69

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.

FHFAX vs. FFFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2055 Fund Class A (FHFAX) and Fidelity Advisor Freedom 2050 Fund Class A (FFFLX). 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.

	FHFAX	FFFLX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.10	+0.01
Sortino ratio: Return per unit of downside risk	2.90	2.88	+0.02
Omega ratio: Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	2.91	2.91	0.00
Martin ratio: Return relative to average drawdown	12.59	12.48	+0.11

FHFAX vs. FFFLX - Sharpe Ratio Comparison

The current FHFAX Sharpe Ratio is 2.11, which is comparable to the FFFLX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of FHFAX and FFFLX, 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

FHFAX vs. FFFLX - Drawdown Comparison

The maximum FHFAX drawdown since its inception was -31.27%, smaller than the maximum FFFLX drawdown of -58.29%. Use the drawdown chart below to compare losses from any high point for FHFAX and FFFLX.

Drawdown Indicators

	FHFAX	FFFLX	Difference
Max Drawdown Largest peak-to-trough decline	-31.27%	-58.29%	+27.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.91%	-9.79%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-15.13%	-15.15%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.45%	-27.47%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-31.27%	-31.22%	-0.05%
Current Drawdown Current decline from peak	-0.26%	-0.30%	+0.04%
Average Drawdown Average peak-to-trough decline	-4.77%	-9.10%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.28%	+0.01%

Volatility

FHFAX vs. FFFLX - Volatility Comparison

Fidelity Advisor Freedom 2055 Fund Class A (FHFAX) and Fidelity Advisor Freedom 2050 Fund Class A (FFFLX) have volatilities of 5.69% and 5.62%, 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

	FHFAX	FFFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	5.62%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	11.57%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.70%	13.63%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.13%	15.13%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	15.55%	+0.02%

FHFAX vs. FFFLX - Expense Ratio Comparison

Both FHFAX and FFFLX have an expense ratio of 1.00%.

Dividends

FHFAX vs. FFFLX - Dividend Comparison

FHFAX's dividend yield for the trailing twelve months is around 6.09%, less than FFFLX's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFLX Fidelity Advisor Freedom 2050 Fund Class A	6.54%	5.87%	1.42%	1.25%	10.58%	9.34%	5.18%	6.72%	11.39%	4.24%	4.52%	3.69%
FHFAX Fidelity Advisor Freedom 2055 Fund Class A	6.09%	5.19%	1.28%	1.57%	10.67%	9.08%	4.81%	6.33%	9.98%	3.29%	4.16%	4.12%

Frequently Asked Questions

Can I hold both FHFAX and FFFLX in my portfolio?

With a correlation of 1.00, FHFAX and FFFLX 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, FHFAX or FFFLX?

FHFAX has higher volatility (5.69%) compared to FFFLX (5.62%). In terms of maximum drawdown, FHFAX dropped -31.27% vs FFFLX's -58.29%.

Which has better risk-adjusted returns?

FHFAX currently has the higher Sharpe Ratio (2.11 vs 2.10), 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.