FHRDX vs. IRSOX
FHRDX (Fidelity Freedom Blend Income Fund Class K6) and IRSOX (Voya Target Retirement 2040 Fund) are both Target Retirement Date funds. Over the past 5 years, FHRDX returned 2.79%/yr vs 8.67%/yr for IRSOX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FHRDX charges 0.21%/yr vs 0.23%/yr for IRSOX.
Performance
FHRDX vs. IRSOX - Performance Comparison
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Returns By Period
In the year-to-date period, FHRDX achieves a 4.04% return, which is significantly lower than IRSOX's 9.79% return.
FHRDX
- 1D
- 0.09%
- 1M
- -0.65%
- 6M
- 2.66%
- YTD
- 4.04%
- 1Y
- 8.11%
- 3Y*
- 7.44%
- 5Y*
- 2.79%
- 10Y*
- —
- ALL TIME*
- 4.27%
IRSOX
- 1D
- 0.24%
- 1M
- -0.41%
- 6M
- 6.41%
- YTD
- 9.79%
- 1Y
- 20.45%
- 3Y*
- 15.74%
- 5Y*
- 8.67%
- 10Y*
- 10.82%
- ALL TIME*
- 10.23%
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 |
FHRDX vs. IRSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHRDX Fidelity Freedom Blend Income Fund Class K6 | 4.04% | 10.18% | 4.41% | 8.29% | -11.59% | 3.03% | 8.77% | 10.78% | -2.11% |
IRSOX Voya Target Retirement 2040 Fund | 9.79% | 19.10% | 13.74% | 19.25% | -18.43% | 17.65% | 16.93% | 23.69% | -10.98% |
Correlation
The correlation between FHRDX and IRSOX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.71 |
The correlation between FHRDX and IRSOX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
FHRDX vs. IRSOX — Risk / Return Rank
FHRDX
IRSOX
FHRDX vs. IRSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend Income Fund Class K6 (FHRDX) and Voya Target Retirement 2040 Fund (IRSOX). 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.
| FHRDX | IRSOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.54 | -0.24 |
| Martin ratioReturn relative to average drawdown | 9.37 | 11.25 | -1.88 |
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Drawdowns
FHRDX vs. IRSOX - Drawdown Comparison
The maximum FHRDX drawdown since its inception was -16.01%, smaller than the maximum IRSOX drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for FHRDX and IRSOX.
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Drawdown Indicators
| FHRDX | IRSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.01% | -31.25% | +15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -8.38% | +4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -4.06% | -13.84% | +9.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -25.24% | +9.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.25% | — |
Current DrawdownCurrent decline from peak | -1.10% | -1.68% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -4.25% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.83% | -0.92% |
Volatility
FHRDX vs. IRSOX - Volatility Comparison
The current volatility for Fidelity Freedom Blend Income Fund Class K6 (FHRDX) is 1.61%, while Voya Target Retirement 2040 Fund (IRSOX) has a volatility of 3.39%. This indicates that FHRDX experiences smaller price fluctuations and is considered to be less risky than IRSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHRDX | IRSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 3.39% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 9.57% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 11.82% | -6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 13.99% | -8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 14.77% | -9.73% |
FHRDX vs. IRSOX - Expense Ratio Comparison
FHRDX has a 0.21% expense ratio, which is lower than IRSOX's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FHRDX vs. IRSOX - Dividend Comparison
FHRDX's dividend yield for the trailing twelve months is around 2.68%, less than IRSOX's 12.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHRDX Fidelity Freedom Blend Income Fund Class K6 | 2.68% | 3.32% | 3.21% | 3.05% | 4.82% | 4.13% | 2.75% | 2.54% | 1.55% | 0.00% | 0.00% | 0.00% |
IRSOX Voya Target Retirement 2040 Fund | 12.48% | 13.71% | 2.25% | 2.13% | 6.01% | 17.52% | 3.71% | 4.14% | 5.84% | 5.86% | 1.98% | 0.41% |
Frequently Asked Questions
FHRDX and IRSOX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRSOX has higher volatility (3.39%) compared to FHRDX (1.61%). In terms of maximum drawdown, FHRDX dropped -16.01% vs IRSOX's -31.25%.
IRSOX currently has the higher Sharpe Ratio (1.81 vs 1.63), 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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