FHJEX vs. FRQHX

Last updated Aug 1, 2026

FHJEX (Fidelity Advisor Freedom Blend 2060 Fund Class Z) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FHJEX charges 0.39%/yr vs 0.26%/yr for FRQHX.

Performance

FHJEX vs. FRQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2060 Fund Class Z (FHJEX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FHJEX

• 1D: 2.37%
• 1M: -1.00%
• 6M: 8.15%
• YTD: 12.12%
• 1Y: 24.50%
• 3Y*: 18.44%
• 5Y*: 10.20%
• 10Y*: —
• ALL TIME*: 11.71%

FRQHX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHJEX Fidelity Advisor Freedom Blend 2060 Fund Class Z	$0.00	$0.00	$0.00

FHJEX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FHJEX Fidelity Advisor Freedom Blend 2060 Fund Class Z	12.12%	22.71%	16.78%	20.62%	-19.04%	16.41%	17.90%	8.77%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.71%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%

Correlation

The correlation between FHJEX and FRQHX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.80

The correlation between FHJEX and FRQHX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

Return for Risk

FHJEX vs. FRQHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHJEX

FHJEX Risk / Return Rank: 66
FHJEX Sharpe Ratio Rank: 63
FHJEX Sortino Ratio Rank: 60
FHJEX Omega Ratio Rank: 61
FHJEX Calmar Ratio Rank: 69
FHJEX Martin Ratio Rank: 78

FRQHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHJEX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2060 Fund Class Z (FHJEX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). 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.

	FHJEX	FRQHX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	9.81	—	—

Drawdowns

Drawdown Indicators

	FHJEX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-31.35%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.75%	—	—
Current Drawdown Current decline from peak	-2.26%	—	—
Average Drawdown Average peak-to-trough decline	-5.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	FHJEX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	—	—

FHJEX vs. FRQHX - Expense Ratio Comparison

FHJEX has a 0.39% expense ratio, which is higher than FRQHX's 0.26% expense ratio.

Dividends

FHJEX vs. FRQHX - Dividend Comparison

FHJEX's dividend yield for the trailing twelve months is around 3.32%, more than FRQHX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FHJEX Fidelity Advisor Freedom Blend 2060 Fund Class Z	3.32%	2.44%	5.34%	1.97%	5.95%	8.15%	4.13%	2.86%	3.46%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	2.93%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%

Frequently Asked Questions

Can I hold both FHJEX and FRQHX in my portfolio?

FHJEX and FRQHX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.