FHTKX vs. FFSZX
FHTKX (Fidelity Freedom 2040 Fund Class K6) and FFSZX (Fidelity Freedom 2065 Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHTKX returned 10.89%/yr vs 11.25%/yr for FFSZX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.50% expense ratio.
Performance
FHTKX vs. FFSZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FHTKX achieves a 13.21% return, which is significantly lower than FFSZX's 15.07% return.
FHTKX
- 1D
- 1.33%
- 1M
- 3.06%
- YTD
- 13.21%
- 6M
- 13.29%
- 1Y
- 29.24%
- 3Y*
- 19.85%
- 5Y*
- 10.89%
- 10Y*
- —
FFSZX
- 1D
- 1.50%
- 1M
- 3.35%
- YTD
- 15.07%
- 6M
- 15.13%
- 1Y
- 32.79%
- 3Y*
- 20.37%
- 5Y*
- 11.25%
- 10Y*
- —
FHTKX vs. FFSZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FHTKX Fidelity Freedom 2040 Fund Class K6 | 13.21% | 22.35% | 16.63% | 20.25% | -18.08% | 16.80% | 18.62% | 9.73% |
FFSZX Fidelity Freedom 2065 Fund Class K6 | 15.07% | 24.08% | 14.41% | 20.78% | -18.05% | 16.81% | 18.36% | 9.18% |
Correlation
The correlation between FHTKX and FFSZX is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.99 |
The correlation between FHTKX and FFSZX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FHTKX vs. FFSZX — Risk / Return Rank
FHTKX
FFSZX
FHTKX vs. FFSZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K6 (FHTKX) and Fidelity Freedom 2065 Fund Class K6 (FFSZX). 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.
| FHTKX | FFSZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.32 | +0.03 |
| Martin ratioReturn relative to average drawdown | 14.48 | 14.57 | -0.09 |
Loading charts...
Drawdowns
FHTKX vs. FFSZX - Drawdown Comparison
The maximum FHTKX drawdown since its inception was -30.95%, roughly equal to the maximum FFSZX drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for FHTKX and FFSZX.
Loading charts...
Drawdown Indicators
| FHTKX | FFSZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -31.00% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -9.77% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -15.36% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -27.17% | +0.12% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -5.78% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.22% | -0.22% |
Volatility
FHTKX vs. FFSZX - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund Class K6 (FHTKX) is 5.15%, while Fidelity Freedom 2065 Fund Class K6 (FFSZX) has a volatility of 5.85%. This indicates that FHTKX experiences smaller price fluctuations and is considered to be less risky than FFSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FHTKX | FFSZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 5.85% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 11.75% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 13.73% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 15.19% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.11% | -1.52% |
FHTKX vs. FFSZX - Expense Ratio Comparison
Both FHTKX and FFSZX have an expense ratio of 0.50%.
Dividends
FHTKX vs. FFSZX - Dividend Comparison
FHTKX's dividend yield for the trailing twelve months is around 6.48%, more than FFSZX's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFSZX Fidelity Freedom 2065 Fund Class K6 | 4.98% | 3.82% | 2.92% | 2.26% | 8.99% | 7.98% | 2.41% | 1.47% | 0.00% | 0.00% |
FHTKX Fidelity Freedom 2040 Fund Class K6 | 6.48% | 5.27% | 5.65% | 2.00% | 12.68% | 12.37% | 5.93% | 7.00% | 8.48% | 3.12% |
Frequently Asked Questions
With a correlation of 1.00, FHTKX and FFSZX 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.
FFSZX has higher volatility (5.85%) compared to FHTKX (5.15%). In terms of maximum drawdown, FHTKX dropped -30.95% vs FFSZX's -31.00%.
FFSZX currently has the higher Sharpe Ratio (2.37 vs 2.36), 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.
Find the right allocation for FHTKX and FFSZX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer