FHTKX vs. FJAJX

Last updated Jun 3, 2026

FHTKX (Fidelity Freedom 2040 Fund Class K6) and FJAJX (Fidelity Advisor Freedom Blend 2020 Fund Class I) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHTKX returned 10.16%/yr vs 4.71%/yr for FJAJX. Their correlation of 0.95 suggests significant overlap in exposure. FHTKX charges 0.50%/yr vs 0.44%/yr for FJAJX.

Performance

FHTKX vs. FJAJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2040 Fund Class K6 (FHTKX) and Fidelity Advisor Freedom Blend 2020 Fund Class I (FJAJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHTKX achieves a 11.65% return, which is significantly higher than FJAJX's 6.78% return.

FHTKX

• 1D: 0.21%
• 1M: 3.56%
• YTD: 11.65%
• 6M: 13.63%
• 1Y: 27.88%
• 3Y*: 20.31%
• 5Y*: 10.16%
• 10Y*: —

FJAJX

• 1D: 0.16%
• 1M: 2.08%
• YTD: 6.78%
• 6M: 7.71%
• 1Y: 16.84%
• 3Y*: 11.51%
• 5Y*: 4.71%
• 10Y*: —

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

FHTKX vs. FJAJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHTKX Fidelity Freedom 2040 Fund Class K6	11.65%	22.35%	16.63%	20.25%	-18.08%	16.80%	18.62%	25.70%	-12.48%
FJAJX Fidelity Advisor Freedom Blend 2020 Fund Class I	6.78%	14.41%	6.99%	12.71%	-16.59%	8.58%	13.28%	18.38%	-6.90%

Correlation

The correlation between FHTKX and FJAJX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.95

The correlation between FHTKX and FJAJX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

FHTKX vs. FJAJX — Risk / Return Rank

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

FHTKX

FHTKX Risk / Return Rank: 73
FHTKX Sharpe Ratio Rank: 74
FHTKX Sortino Ratio Rank: 70
FHTKX Omega Ratio Rank: 70
FHTKX Calmar Ratio Rank: 73
FHTKX Martin Ratio Rank: 78

FJAJX

FJAJX Risk / Return Rank: 70
FJAJX Sharpe Ratio Rank: 70
FJAJX Sortino Ratio Rank: 72
FJAJX Omega Ratio Rank: 74
FJAJX Calmar Ratio Rank: 65
FJAJX 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.

FHTKX vs. FJAJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K6 (FHTKX) and Fidelity Advisor Freedom Blend 2020 Fund Class I (FJAJX). 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.

	FHTKX	FJAJX	Difference
Sharpe ratio Return per unit of total volatility	2.51	2.44	+0.07
Sortino ratio Return per unit of downside risk	3.49	3.53	-0.04
Omega ratio Gain probability vs. loss probability	1.47	1.48	-0.01
Calmar ratio Return relative to maximum drawdown	3.33	3.10	+0.23
Martin ratio Return relative to average drawdown	14.74	13.50	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHTKX vs. FJAJX - Sharpe Ratio Comparison

The current FHTKX Sharpe Ratio is 2.51, which is comparable to the FJAJX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FHTKX and FJAJX, 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

	FHTKX	FJAJX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.44	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.53	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.71	+0.06

Drawdowns

FHTKX vs. FJAJX - Drawdown Comparison

The maximum FHTKX drawdown since its inception was -30.95%, which is greater than FJAJX's maximum drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for FHTKX and FJAJX.

Drawdown Indicators

	FHTKX	FJAJX	Difference
Max Drawdown Largest peak-to-trough decline	-30.95%	-22.88%	-8.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-5.49%	-3.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-7.92%	-6.14%
Max Drawdown (5Y) Largest decline over 5 years	-27.05%	-22.88%	-4.17%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.45%	-4.89%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.26%	+0.70%

Volatility

FHTKX vs. FJAJX - Volatility Comparison

Fidelity Freedom 2040 Fund Class K6 (FHTKX) has a higher volatility of 3.87% compared to Fidelity Advisor Freedom Blend 2020 Fund Class I (FJAJX) at 2.56%. This indicates that FHTKX's price experiences larger fluctuations and is considered to be riskier than FJAJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHTKX	FJAJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	2.56%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	5.76%	+3.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	6.98%	+4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	8.95%	+5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	9.73%	+5.82%

FHTKX vs. FJAJX - Expense Ratio Comparison

FHTKX has a 0.50% expense ratio, which is higher than FJAJX's 0.44% expense ratio.

Dividends

FHTKX vs. FJAJX - Dividend Comparison

FHTKX's dividend yield for the trailing twelve months is around 6.57%, more than FJAJX's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHTKX Fidelity Freedom 2040 Fund Class K6	6.57%	5.27%	5.65%	2.00%	12.68%	12.37%	5.93%	7.00%	8.48%	3.12%
FJAJX Fidelity Advisor Freedom Blend 2020 Fund Class I	3.29%	2.59%	2.42%	2.40%	5.71%	7.27%	4.34%	3.03%	1.29%	0.00%

Frequently Asked Questions

Can I hold both FHTKX and FJAJX in my portfolio?

With a correlation of 0.96, FHTKX and FJAJX 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, FHTKX or FJAJX?

FHTKX has higher volatility (3.87%) compared to FJAJX (2.56%). In terms of maximum drawdown, FHTKX dropped -30.95% vs FJAJX's -22.88%.

Which has better risk-adjusted returns?

FHTKX currently has the higher Sharpe Ratio (2.51 vs 2.44), 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.