FHKDX vs. PRMYX
FHKDX (Fidelity Freedom Blend 2030 Fund Class K6) and PRMYX (Putnam RetirementReady Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, FHKDX returned 6.53%/yr vs 4.08%/yr for PRMYX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. FHKDX charges 0.26%/yr vs 0.13%/yr for PRMYX.
Performance
FHKDX vs. PRMYX - Performance Comparison
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Returns By Period
In the year-to-date period, FHKDX achieves a 7.53% return, which is significantly higher than PRMYX's 2.30% return.
FHKDX
- 1D
- 1.49%
- 1M
- -1.02%
- 6M
- 4.99%
- YTD
- 7.53%
- 1Y
- 15.97%
- 3Y*
- 13.24%
- 5Y*
- 6.53%
- 10Y*
- —
- ALL TIME*
- 8.59%
PRMYX
- 1D
- 0.58%
- 1M
- -0.23%
- 6M
- 2.28%
- YTD
- 2.30%
- 1Y
- 6.12%
- 3Y*
- 7.35%
- 5Y*
- 4.08%
- 10Y*
- 3.20%
- ALL TIME*
- 3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHKDX vs. PRMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHKDX Fidelity Freedom Blend 2030 Fund Class K6 | 7.53% | 17.16% | 11.51% | 15.59% | -17.34% | 11.29% | 15.45% | 22.82% | -9.37% |
PRMYX Putnam RetirementReady Maturity Fund | 2.30% | 8.38% | 6.31% | 9.82% | -4.22% | 0.02% | 1.29% | 8.54% | -5.34% |
Correlation
The correlation between FHKDX and PRMYX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.79 |
The correlation between FHKDX and PRMYX shifts across timeframes, from 0.79 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FHKDX vs. PRMYX — Risk / Return Rank
FHKDX
PRMYX
FHKDX vs. PRMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2030 Fund Class K6 (FHKDX) and Putnam RetirementReady Maturity Fund (PRMYX). 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.
| FHKDX | PRMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.76 | +0.48 |
| Martin ratioReturn relative to average drawdown | 9.16 | 7.09 | +2.08 |
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Drawdowns
FHKDX vs. PRMYX - Drawdown Comparison
The maximum FHKDX drawdown since its inception was -24.65%, which is greater than PRMYX's maximum drawdown of -9.74%. Use the drawdown chart below to compare losses from any high point for FHKDX and PRMYX.
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Drawdown Indicators
| FHKDX | PRMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.65% | -9.74% | -14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -3.50% | -3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -10.12% | -7.35% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | -9.24% | -15.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.74% | — |
Current DrawdownCurrent decline from peak | -1.81% | -0.63% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -1.68% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.87% | +0.80% |
Volatility
FHKDX vs. PRMYX - Volatility Comparison
Fidelity Freedom Blend 2030 Fund Class K6 (FHKDX) has a higher volatility of 2.96% compared to Putnam RetirementReady Maturity Fund (PRMYX) at 1.44%. This indicates that FHKDX's price experiences larger fluctuations and is considered to be riskier than PRMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKDX | PRMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 1.44% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.41% | 3.88% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 4.83% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.00% | 5.26% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.31% | 4.50% | +7.81% |
FHKDX vs. PRMYX - Expense Ratio Comparison
FHKDX has a 0.26% expense ratio, which is higher than PRMYX's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FHKDX vs. PRMYX - Dividend Comparison
FHKDX's dividend yield for the trailing twelve months is around 3.77%, more than PRMYX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKDX Fidelity Freedom Blend 2030 Fund Class K6 | 3.77% | 3.10% | 4.50% | 2.36% | 5.54% | 7.10% | 4.65% | 3.34% | 2.97% | 0.00% | 0.00% | 0.00% |
PRMYX Putnam RetirementReady Maturity Fund | 3.41% | 3.30% | 3.15% | 3.62% | 7.46% | 2.47% | 2.17% | 2.97% | 1.73% | 0.55% | 1.53% | 3.90% |
Frequently Asked Questions
With a correlation of 0.93, FHKDX and PRMYX 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.
FHKDX has higher volatility (2.96%) compared to PRMYX (1.44%). In terms of maximum drawdown, FHKDX dropped -24.65% vs PRMYX's -9.74%.
FHKDX currently has the higher Sharpe Ratio (1.57 vs 1.27), 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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