FHPEX vs. FNSFX

Last updated Aug 1, 2026

FHPEX (Fidelity Advisor Freedom Blend 2055 Fund Class Z) and FNSFX (Fidelity Freedom 2060 Fund Class K) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHPEX returned 10.18%/yr vs 10.06%/yr for FNSFX. Their 0.99 correlation means they have historically moved very closely together. FHPEX charges 0.39%/yr vs 0.65%/yr for FNSFX.

Performance

FHPEX vs. FNSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2055 Fund Class Z (FHPEX) and Fidelity Freedom 2060 Fund Class K (FNSFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FHPEX having a 12.05% return and FNSFX slightly higher at 12.12%.

FHPEX

• 1D: 2.33%
• 1M: -1.01%
• 6M: 8.12%
• YTD: 12.05%
• 1Y: 24.47%
• 3Y*: 18.36%
• 5Y*: 10.18%
• 10Y*: —
• ALL TIME*: 11.45%

FNSFX

• 1D: 2.30%
• 1M: -1.16%
• 6M: 7.99%
• YTD: 12.12%
• 1Y: 24.67%
• 3Y*: 17.95%
• 5Y*: 10.06%
• 10Y*: —
• ALL TIME*: 11.43%

*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)
FHPEX Fidelity Advisor Freedom Blend 2055 Fund Class Z	$0.00	$0.00	$0.00
FNSFX Fidelity Freedom 2060 Fund Class K	$0.00	$0.00	$0.00

FHPEX vs. FNSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHPEX Fidelity Advisor Freedom Blend 2055 Fund Class Z	12.05%	22.72%	16.58%	20.71%	-19.05%	16.38%	17.96%	26.57%	-13.37%
FNSFX Fidelity Freedom 2060 Fund Class K	12.12%	23.84%	14.14%	20.59%	-18.20%	16.68%	18.40%	25.44%	-12.60%

Correlation

The correlation between FHPEX and FNSFX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	0.99
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.99

The correlation between FHPEX and FNSFX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FHPEX vs. FNSFX — Risk / Return Rank

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

FHPEX

FHPEX Risk / Return Rank: 66
FHPEX Sharpe Ratio Rank: 62
FHPEX Sortino Ratio Rank: 60
FHPEX Omega Ratio Rank: 61
FHPEX Calmar Ratio Rank: 68
FHPEX Martin Ratio Rank: 78

FNSFX

FNSFX Risk / Return Rank: 72
FNSFX Sharpe Ratio Rank: 69
FNSFX Sortino Ratio Rank: 67
FNSFX Omega Ratio Rank: 68
FNSFX Calmar Ratio Rank: 74
FNSFX Martin Ratio Rank: 82

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.

FHPEX vs. FNSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2055 Fund Class Z (FHPEX) and Fidelity Freedom 2060 Fund Class K (FNSFX). 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.

	FHPEX	FNSFX	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.60	-0.01
Sortino ratio: Return per unit of downside risk	2.23	2.25	-0.02
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.34	2.36	-0.02
Martin ratio: Return relative to average drawdown	9.79	9.88	-0.09

FHPEX vs. FNSFX - Sharpe Ratio Comparison

The current FHPEX Sharpe Ratio is 1.58, which is comparable to the FNSFX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of FHPEX and FNSFX, 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

FHPEX vs. FNSFX - Drawdown Comparison

The maximum FHPEX drawdown since its inception was -31.34%, roughly equal to the maximum FNSFX drawdown of -30.92%. Use the drawdown chart below to compare losses from any high point for FHPEX and FNSFX.

Drawdown Indicators

	FHPEX	FNSFX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-30.92%	-0.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-9.76%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-15.53%	-15.41%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-27.31%	-0.45%
Current Drawdown Current decline from peak	-2.23%	-2.45%	+0.22%
Average Drawdown Average peak-to-trough decline	-5.86%	-5.53%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.33%	-0.02%

Volatility

FHPEX vs. FNSFX - Volatility Comparison

Fidelity Advisor Freedom Blend 2055 Fund Class Z (FHPEX) and Fidelity Freedom 2060 Fund Class K (FNSFX) have volatilities of 4.39% and 4.38%, 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

	FHPEX	FNSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.38%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	12.43%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	14.46%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	15.27%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	16.01%	+0.93%

FHPEX vs. FNSFX - Expense Ratio Comparison

FHPEX has a 0.39% expense ratio, which is lower than FNSFX's 0.65% expense ratio.

Dividends

FHPEX vs. FNSFX - Dividend Comparison

FHPEX's dividend yield for the trailing twelve months is around 3.30%, less than FNSFX's 4.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHPEX Fidelity Advisor Freedom Blend 2055 Fund Class Z	3.30%	2.42%	5.06%	1.96%	6.16%	8.40%	4.52%	2.96%	1.93%	0.00%
FNSFX Fidelity Freedom 2060 Fund Class K	4.97%	3.70%	2.32%	2.13%	10.66%	10.24%	3.89%	5.99%	5.94%	2.45%

Frequently Asked Questions

Can I hold both FHPEX and FNSFX in my portfolio?

With a correlation of 1.00, FHPEX and FNSFX 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, FHPEX or FNSFX?

FHPEX has higher volatility (4.39%) compared to FNSFX (4.38%). In terms of maximum drawdown, FHPEX dropped -31.34% vs FNSFX's -30.92%.

Which has better risk-adjusted returns?

FNSFX currently has the higher Sharpe Ratio (1.60 vs 1.58), 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.