FHLEX vs. FRQHX

Last updated Jul 17, 2026

FHLEX (Fidelity Advisor Freedom Blend 2060 Fund Class C) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds. A 0.80 correlation means they provide meaningful diversification when combined. FHLEX charges 1.49%/yr vs 0.26%/yr for FRQHX.

Performance

FHLEX vs. FRQHX - Performance Comparison

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

Returns By Period

FHLEX

• 1D: 0.43%
• 1M: -0.36%
• 6M: 9.41%
• YTD: 12.97%
• 1Y: 24.15%
• 3Y*: 17.99%
• 5Y*: 9.35%
• 10Y*: —

FRQHX

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

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

FHLEX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FHLEX Fidelity Advisor Freedom Blend 2060 Fund Class C	12.97%	21.44%	14.62%	19.36%	-20.06%	15.11%	16.57%	8.21%
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 FHLEX and FRQHX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.80

The correlation between FHLEX and FRQHX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

FHLEX vs. FRQHX — Risk / Return Rank

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

FHLEX

FHLEX Risk / Return Rank: 60
FHLEX Sharpe Ratio Rank: 57
FHLEX Sortino Ratio Rank: 54
FHLEX Omega Ratio Rank: 57
FHLEX Calmar Ratio Rank: 62
FHLEX Martin Ratio Rank: 71

FRQHX

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

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.

FHLEX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2060 Fund Class C (FHLEX) 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.

	FHLEX	FRQHX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.43	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	10.81	—	—

Drawdowns

Drawdown Indicators

	FHLEX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-31.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.53%	—	—
Current Drawdown Current decline from peak	-0.97%	—	—
Average Drawdown Average peak-to-trough decline	-6.25%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	—	—

Volatility

Volatility by Period

	FHLEX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	—	—

FHLEX vs. FRQHX - Expense Ratio Comparison

FHLEX has a 1.49% expense ratio, which is higher than FRQHX's 0.26% expense ratio.

Dividends

FHLEX vs. FRQHX - Dividend Comparison

FHLEX's dividend yield for the trailing twelve months is around 2.79%, less than FRQHX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FHLEX Fidelity Advisor Freedom Blend 2060 Fund Class C	2.79%	1.84%	4.03%	1.31%	5.07%	7.39%	3.60%	2.30%	3.06%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.25%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%

Frequently Asked Questions

Can I hold both FHLEX and FRQHX in my portfolio?

FHLEX and FRQHX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.