FHJDX vs. FLCNX

Last updated Jun 3, 2026

FHJDX (Fidelity Freedom Blend 2035 Fund Class K6) and FLCNX (Fidelity Contrafund K6) are both mutual funds - FHJDX is a Target Retirement Date fund managed by Fidelity, while FLCNX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FHJDX returned 8.11%/yr vs 15.24%/yr for FLCNX. Their correlation of 0.86 suggests significant overlap in exposure. FHJDX charges 0.28%/yr vs 0.45%/yr for FLCNX.

Performance

FHJDX vs. FLCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2035 Fund Class K6 (FHJDX) and Fidelity Contrafund K6 (FLCNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHJDX achieves a 9.59% return, which is significantly higher than FLCNX's 8.02% return.

FHJDX

• 1D: 0.14%
• 1M: 3.04%
• YTD: 9.59%
• 6M: 11.05%
• 1Y: 23.25%
• 3Y*: 16.97%
• 5Y*: 8.11%
• 10Y*: —

FLCNX

• 1D: 0.03%
• 1M: 4.02%
• YTD: 8.02%
• 6M: 9.62%
• 1Y: 24.21%
• 3Y*: 27.02%
• 5Y*: 15.24%
• 10Y*: —

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

FHJDX vs. FLCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHJDX Fidelity Freedom Blend 2035 Fund Class K6	9.59%	18.66%	13.60%	17.84%	-18.17%	14.30%	16.96%	25.75%	-11.12%
FLCNX Fidelity Contrafund K6	8.02%	22.05%	35.37%	37.67%	-27.13%	24.21%	30.85%	30.91%	-16.12%

Correlation

The correlation between FHJDX and FLCNX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.86

The correlation between FHJDX and FLCNX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

FHJDX vs. FLCNX — Risk / Return Rank

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

FHJDX

FHJDX Risk / Return Rank: 72
FHJDX Sharpe Ratio Rank: 73
FHJDX Sortino Ratio Rank: 71
FHJDX Omega Ratio Rank: 70
FHJDX Calmar Ratio Rank: 70
FHJDX Martin Ratio Rank: 74

FLCNX

FLCNX Risk / Return Rank: 37
FLCNX Sharpe Ratio Rank: 38
FLCNX Sortino Ratio Rank: 35
FLCNX Omega Ratio Rank: 36
FLCNX Calmar Ratio Rank: 33
FLCNX Martin Ratio Rank: 43

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.

FHJDX vs. FLCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2035 Fund Class K6 (FHJDX) and Fidelity Contrafund K6 (FLCNX). 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.

	FHJDX	FLCNX	Difference
Sharpe ratio Return per unit of total volatility	2.48	1.80	+0.68
Sortino ratio Return per unit of downside risk	3.52	2.48	+1.03
Omega ratio Gain probability vs. loss probability	1.47	1.32	+0.15
Calmar ratio Return relative to maximum drawdown	3.24	2.21	+1.03
Martin ratio Return relative to average drawdown	14.13	9.20	+4.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHJDX vs. FLCNX - Sharpe Ratio Comparison

The current FHJDX Sharpe Ratio is 2.48, which is higher than the FLCNX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FHJDX and FLCNX, 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

	FHJDX	FLCNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	1.80	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.80	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.86	-0.15

Drawdowns

FHJDX vs. FLCNX - Drawdown Comparison

The maximum FHJDX drawdown since its inception was -29.08%, smaller than the maximum FLCNX drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FHJDX and FLCNX.

Drawdown Indicators

	FHJDX	FLCNX	Difference
Max Drawdown Largest peak-to-trough decline	-29.08%	-32.07%	+2.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.43%	-11.73%	+4.30%
Max Drawdown (3Y) Largest decline over 3 years	-11.65%	-20.14%	+8.49%
Max Drawdown (5Y) Largest decline over 5 years	-26.23%	-32.07%	+5.84%
Current Drawdown Current decline from peak	0.00%	-0.19%	+0.19%
Average Drawdown Average peak-to-trough decline	-5.58%	-6.66%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	2.82%	-1.12%

Volatility

FHJDX vs. FLCNX - Volatility Comparison

Fidelity Freedom Blend 2035 Fund Class K6 (FHJDX) and Fidelity Contrafund K6 (FLCNX) have volatilities of 3.32% and 3.33%, 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

	FHJDX	FLCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.33%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	10.71%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	9.63%	14.37%	-4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.54%	19.07%	-6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	20.41%	-5.71%

FHJDX vs. FLCNX - Expense Ratio Comparison

FHJDX has a 0.28% expense ratio, which is lower than FLCNX's 0.45% expense ratio.

Dividends

FHJDX vs. FLCNX - Dividend Comparison

FHJDX's dividend yield for the trailing twelve months is around 3.69%, less than FLCNX's 10.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHJDX Fidelity Freedom Blend 2035 Fund Class K6	3.69%	3.05%	5.00%	2.19%	5.82%	7.78%	4.94%	3.54%	3.07%	0.00%
FLCNX Fidelity Contrafund K6	10.63%	8.35%	0.36%	0.49%	1.18%	0.46%	0.21%	0.30%	0.33%	0.15%

Frequently Asked Questions

Can I hold both FHJDX and FLCNX in my portfolio?

FHJDX and FLCNX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHJDX or FLCNX?

FLCNX has higher volatility (3.33%) compared to FHJDX (3.32%). In terms of maximum drawdown, FHJDX dropped -29.08% vs FLCNX's -32.07%.

Which has better risk-adjusted returns?

FHJDX currently has the higher Sharpe Ratio (2.48 vs 1.80), 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.