FHRDX vs. FFFAX

Last updated Jun 5, 2026

FHRDX (Fidelity Freedom Blend Income Fund Class K6) and FFFAX (Fidelity Freedom Income Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHRDX returned 3.14%/yr vs 3.14%/yr for FFFAX. With a 0.97 correlation, they move nearly in lockstep. FHRDX charges 0.21%/yr vs 0.47%/yr for FFFAX.

Performance

FHRDX vs. FFFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend Income Fund Class K6 (FHRDX) and Fidelity Freedom Income Fund (FFFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FHRDX having a 4.84% return and FFFAX slightly lower at 4.69%.

FHRDX

• 1D: -0.28%
• 1M: 1.21%
• YTD: 4.84%
• 6M: 5.16%
• 1Y: 11.00%
• 3Y*: 8.01%
• 5Y*: 3.14%
• 10Y*: —

FFFAX

• 1D: -0.25%
• 1M: 1.12%
• YTD: 4.69%
• 6M: 5.09%
• 1Y: 10.77%
• 3Y*: 7.99%
• 5Y*: 3.14%
• 10Y*: 4.52%

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

FHRDX vs. FFFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHRDX Fidelity Freedom Blend Income Fund Class K6	4.84%	10.18%	4.41%	8.29%	-11.59%	3.03%	8.77%	10.78%	-2.11%
FFFAX Fidelity Freedom Income Fund	4.69%	10.42%	4.34%	8.18%	-11.33%	3.12%	8.93%	10.74%	-2.39%

Correlation

The correlation between FHRDX and FFFAX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.97

The correlation between FHRDX and FFFAX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FHRDX vs. FFFAX — Risk / Return Rank

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

FHRDX

FHRDX Risk / Return Rank: 76
FHRDX Sharpe Ratio Rank: 77
FHRDX Sortino Ratio Rank: 79
FHRDX Omega Ratio Rank: 79
FHRDX Calmar Ratio Rank: 69
FHRDX Martin Ratio Rank: 75

FFFAX

FFFAX Risk / Return Rank: 72
FFFAX Sharpe Ratio Rank: 72
FFFAX Sortino Ratio Rank: 74
FFFAX Omega Ratio Rank: 76
FFFAX Calmar Ratio Rank: 65
FFFAX Martin Ratio Rank: 71

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.

FHRDX vs. FFFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend Income Fund Class K6 (FHRDX) and Fidelity Freedom Income Fund (FFFAX). 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.

	FHRDX	FFFAX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.48	+0.04
Sortino ratio: Return per unit of downside risk	3.73	3.63	+0.10
Omega ratio: Gain probability vs. loss probability	1.51	1.50	+0.01
Calmar ratio: Return relative to maximum drawdown	3.12	3.08	+0.04
Martin ratio: Return relative to average drawdown	13.80	13.55	+0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHRDX vs. FFFAX - Sharpe Ratio Comparison

The current FHRDX Sharpe Ratio is 2.52, which is comparable to the FFFAX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FHRDX and FFFAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FHRDX	FFFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.48	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.59	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.05	-0.15

Drawdowns

FHRDX vs. FFFAX - Drawdown Comparison

The maximum FHRDX drawdown since its inception was -16.01%, smaller than the maximum FFFAX drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for FHRDX and FFFAX.

Drawdown Indicators

	FHRDX	FFFAX	Difference
Max Drawdown Largest peak-to-trough decline	-16.01%	-17.96%	+1.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.70%	-3.68%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-4.89%	-4.91%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-16.01%	-15.87%	-0.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.87%	—
Current Drawdown Current decline from peak	-0.28%	-0.25%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.21%	-1.79%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.83%	0.00%

Volatility

FHRDX vs. FFFAX - Volatility Comparison

Fidelity Freedom Blend Income Fund Class K6 (FHRDX) and Fidelity Freedom Income Fund (FFFAX) have volatilities of 1.86% and 1.87%, 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

	FHRDX	FFFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	1.87%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	3.86%	3.85%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	4.58%	4.57%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	5.37%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.99%	4.64%	+0.35%

FHRDX vs. FFFAX - Expense Ratio Comparison

FHRDX has a 0.21% expense ratio, which is lower than FFFAX's 0.47% expense ratio.

Dividends

FHRDX vs. FFFAX - Dividend Comparison

FHRDX's dividend yield for the trailing twelve months is around 3.14%, more than FFFAX's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFAX Fidelity Freedom Income Fund	2.98%	3.29%	3.13%	2.92%	5.89%	6.12%	4.37%	3.65%	5.17%	3.74%	3.21%	3.28%
FHRDX Fidelity Freedom Blend Income Fund Class K6	3.14%	3.32%	3.21%	3.05%	4.82%	4.13%	2.75%	2.54%	1.55%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHRDX and FFFAX in my portfolio?

With a correlation of 0.97, FHRDX and FFFAX 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, FHRDX or FFFAX?

FFFAX has higher volatility (1.87%) compared to FHRDX (1.86%). In terms of maximum drawdown, FHRDX dropped -16.01% vs FFFAX's -17.96%.

Which has better risk-adjusted returns?

FHRDX currently has the higher Sharpe Ratio (2.52 vs 2.48), 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.