FHFAX vs. FXAIX
FHFAX (Fidelity Advisor Freedom 2055 Fund Class A) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FHFAX is a Target Retirement Date fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FHFAX returned 12.33%/yr vs 15.80%/yr for FXAIX. Their correlation of 0.94 suggests significant overlap in exposure. FHFAX charges 1.00%/yr vs 0.02%/yr for FXAIX.
Performance
FHFAX vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, FHFAX achieves a 13.07% return, which is significantly higher than FXAIX's 9.79% return. Over the past 10 years, FHFAX has underperformed FXAIX with an annualized return of 12.33%, while FXAIX has yielded a comparatively higher 15.80% annualized return.
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%
FXAIX
- 1D
- -0.37%
- 1M
- 0.10%
- YTD
- 9.79%
- 6M
- 8.79%
- 1Y
- 25.51%
- 3Y*
- 21.39%
- 5Y*
- 13.60%
- 10Y*
- 15.80%
FHFAX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | 9.79% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between FHFAX and FXAIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011 | 0.94 |
The correlation between FHFAX and FXAIX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
FHFAX vs. FXAIX — Risk / Return Rank
FHFAX
FXAIX
FHFAX vs. FXAIX - 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 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 3.02 | -0.11 |
| Martin ratioReturn relative to average drawdown | 12.59 | 13.62 | -1.03 |
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Drawdowns
FHFAX vs. FXAIX - Drawdown Comparison
The maximum FHFAX drawdown since its inception was -31.27%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FHFAX and FXAIX.
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Drawdown Indicators
| FHFAX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.27% | -33.79% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -8.89% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -18.76% | +3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -24.50% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -31.27% | -33.79% | +2.52% |
Current DrawdownCurrent decline from peak | -0.26% | -1.72% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -3.79% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 1.97% | +0.32% |
Volatility
FHFAX vs. FXAIX - Volatility Comparison
Fidelity Advisor Freedom 2055 Fund Class A (FHFAX) has a higher volatility of 5.69% compared to Fidelity 500 Index Fund (FXAIX) at 4.68%. This indicates that FHFAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHFAX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 4.68% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 9.84% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 12.50% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 17.00% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 18.12% | -2.55% |
FHFAX vs. FXAIX - Expense Ratio Comparison
FHFAX has a 1.00% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FHFAX vs. FXAIX - Dividend Comparison
FHFAX's dividend yield for the trailing twelve months is around 6.09%, more than FXAIX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FXAIX Fidelity 500 Index Fund | 1.04% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
With a correlation of 0.93, FHFAX and FXAIX 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.
FHFAX has higher volatility (5.69%) compared to FXAIX (4.68%). In terms of maximum drawdown, FHFAX dropped -31.27% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (2.15 vs 2.11), 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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