FHVEX vs. AALTX
Compare and contrast key facts about Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and American Funds 2050 Target Date Retirement Fund (AALTX).
FHVEX is managed by Fidelity. It was launched on Aug 31, 2018. AALTX is managed by American Funds. It was launched on Jan 31, 2007.
Performance
FHVEX vs. AALTX - Performance Comparison
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FHVEX vs. AALTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHVEX Fidelity Advisor Freedom Blend 2050 Fund Class Z | -0.73% | 22.70% | 13.75% | 20.57% | -18.99% | 16.35% | 18.03% | 26.49% | -11.85% |
AALTX American Funds 2050 Target Date Retirement Fund | -3.14% | 20.06% | 15.09% | 20.34% | -19.14% | 16.96% | 19.07% | 24.59% | -10.61% |
Returns By Period
In the year-to-date period, FHVEX achieves a -0.73% return, which is significantly higher than AALTX's -3.14% return.
FHVEX
- 1D
- 2.97%
- 1M
- -5.81%
- YTD
- -0.73%
- 6M
- 2.46%
- 1Y
- 21.32%
- 3Y*
- 15.93%
- 5Y*
- 8.15%
- 10Y*
- —
AALTX
- 1D
- 2.61%
- 1M
- -6.25%
- YTD
- -3.14%
- 6M
- -0.66%
- 1Y
- 17.54%
- 3Y*
- 14.94%
- 5Y*
- 7.65%
- 10Y*
- 10.80%
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FHVEX vs. AALTX - Expense Ratio Comparison
FHVEX has a 0.39% expense ratio, which is higher than AALTX's 0.33% expense ratio.
Return for Risk
FHVEX vs. AALTX — Risk / Return Rank
FHVEX
AALTX
FHVEX vs. AALTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and American Funds 2050 Target Date Retirement Fund (AALTX). 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.
| FHVEX | AALTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.23 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.82 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.80 | +0.12 |
Martin ratioReturn relative to average drawdown | 8.64 | 7.77 | +0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHVEX | AALTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.23 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.54 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.50 | +0.10 |
Correlation
The correlation between FHVEX and AALTX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FHVEX vs. AALTX - Dividend Comparison
FHVEX's dividend yield for the trailing twelve months is around 2.52%, less than AALTX's 6.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHVEX Fidelity Advisor Freedom Blend 2050 Fund Class Z | 2.52% | 2.50% | 2.45% | 1.91% | 6.24% | 8.59% | 4.76% | 3.20% | 3.67% | 0.00% | 0.00% | 0.00% |
AALTX American Funds 2050 Target Date Retirement Fund | 6.00% | 5.81% | 3.33% | 2.36% | 7.07% | 4.32% | 3.13% | 4.17% | 4.77% | 2.36% | 3.53% | 4.85% |
Drawdowns
FHVEX vs. AALTX - Drawdown Comparison
The maximum FHVEX drawdown since its inception was -31.34%, smaller than the maximum AALTX drawdown of -50.02%. Use the drawdown chart below to compare losses from any high point for FHVEX and AALTX.
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Drawdown Indicators
| FHVEX | AALTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -50.02% | +18.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -9.98% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -26.68% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.30% | — |
Current DrawdownCurrent decline from peak | -6.87% | -7.09% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -7.23% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.32% | +0.20% |
Volatility
FHVEX vs. AALTX - Volatility Comparison
Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) has a higher volatility of 6.51% compared to American Funds 2050 Target Date Retirement Fund (AALTX) at 5.39%. This indicates that FHVEX's price experiences larger fluctuations and is considered to be riskier than AALTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHVEX | AALTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 5.39% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 9.02% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 14.79% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 14.21% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 14.82% | +2.13% |