FHJKX vs. FSKAX

Last updated Aug 1, 2026

FHJKX (Fidelity Advisor Freedom Blend 2050 Fund Class A) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FHJKX is a Target Retirement Date fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FHJKX returned 9.67%/yr vs 11.63%/yr for FSKAX. Their correlation of 0.94 means they have usually moved in the same direction. FHJKX charges 0.74%/yr vs 0.01%/yr for FSKAX.

Performance

FHJKX vs. FSKAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FHJKX achieves a 11.63% return, which is significantly higher than FSKAX's 9.87% return.

FHJKX

• 1D: 2.26%
• 1M: -1.09%
• 6M: 7.78%
• YTD: 11.63%
• 1Y: 23.74%
• 3Y*: 17.78%
• 5Y*: 9.67%
• 10Y*: —
• ALL TIME*: 11.24%

FSKAX

• 1D: 1.63%
• 1M: -0.80%
• 6M: 8.19%
• YTD: 9.87%
• 1Y: 20.99%
• 3Y*: 18.61%
• 5Y*: 11.63%
• 10Y*: 14.44%
• ALL TIME*: 14.45%

*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)
FHJKX Fidelity Advisor Freedom Blend 2050 Fund Class A	$0.00	$0.00	$0.00
FSKAX Fidelity Total Market Index Fund	$0.00	$0.00	$0.00

FHJKX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHJKX Fidelity Advisor Freedom Blend 2050 Fund Class A	11.63%	22.28%	15.86%	20.27%	-19.30%	15.94%	17.55%	26.08%	-11.95%
FSKAX Fidelity Total Market Index Fund	9.87%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-14.17%

Correlation

The correlation between FHJKX and FSKAX is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.95

The correlation between FHJKX and FSKAX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FHJKX vs. FSKAX — Risk / Return Rank

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

FHJKX

FHJKX Risk / Return Rank: 63
FHJKX Sharpe Ratio Rank: 59
FHJKX Sortino Ratio Rank: 57
FHJKX Omega Ratio Rank: 58
FHJKX Calmar Ratio Rank: 66
FHJKX Martin Ratio Rank: 76

FSKAX

FSKAX Risk / Return Rank: 63
FSKAX Sharpe Ratio Rank: 59
FSKAX Sortino Ratio Rank: 57
FSKAX Omega Ratio Rank: 56
FSKAX Calmar Ratio Rank: 66
FSKAX Martin Ratio Rank: 77

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.

FHJKX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2050 Fund Class A (FHJKX) and Fidelity Total Market Index Fund (FSKAX). 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.

	FHJKX	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.41	+0.14
Sortino ratio: Return per unit of downside risk	2.19	1.98	+0.21
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.30	2.09	+0.21
Martin ratio: Return relative to average drawdown	9.59	8.96	+0.63

FHJKX vs. FSKAX - Sharpe Ratio Comparison

The current FHJKX Sharpe Ratio is 1.55, which is comparable to the FSKAX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of FHJKX and FSKAX, 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

FHJKX vs. FSKAX - Drawdown Comparison

The maximum FHJKX drawdown since its inception was -31.40%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FHJKX and FSKAX.

Drawdown Indicators

	FHJKX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.40%	-35.01%	+3.61%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-8.92%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-19.43%	+3.85%
Max Drawdown (5Y) Largest decline over 5 years	-27.94%	-25.39%	-2.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.01%	—
Current Drawdown Current decline from peak	-2.28%	-1.97%	-0.31%
Average Drawdown Average peak-to-trough decline	-5.91%	-3.99%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.08%	+0.21%

Volatility

FHJKX vs. FSKAX - Volatility Comparison

Fidelity Advisor Freedom Blend 2050 Fund Class A (FHJKX) has a higher volatility of 4.30% compared to Fidelity Total Market Index Fund (FSKAX) at 3.43%. This indicates that FHJKX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHJKX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	3.43%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	10.33%	+1.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	13.21%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.31%	17.52%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	18.45%	-1.57%

FHJKX vs. FSKAX - Expense Ratio Comparison

FHJKX has a 0.74% expense ratio, which is higher than FSKAX's 0.02% expense ratio.

Dividends

FHJKX vs. FSKAX - Dividend Comparison

FHJKX's dividend yield for the trailing twelve months is around 3.21%, more than FSKAX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHJKX Fidelity Advisor Freedom Blend 2050 Fund Class A	3.21%	2.32%	4.52%	1.72%	6.12%	8.28%	4.60%	3.06%	3.55%	0.00%	0.00%	0.00%
FSKAX Fidelity Total Market Index Fund	0.95%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both FHJKX and FSKAX in my portfolio?

With a correlation of 0.95, FHJKX and FSKAX 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, FHJKX or FSKAX?

FHJKX has higher volatility (4.30%) compared to FSKAX (3.43%). In terms of maximum drawdown, FHJKX dropped -31.40% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FHJKX currently has the higher Sharpe Ratio (1.55 vs 1.41), 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.