FHVEX vs. FCTKX

Last updated Jun 23, 2026

FHVEX (Fidelity Advisor Freedom Blend 2050 Fund Class Z) and FCTKX (Fidelity Freedom 2055 Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHVEX returned 10.56%/yr vs 11.22%/yr for FCTKX. With a 1.00 correlation, they move nearly in lockstep. FHVEX charges 0.39%/yr vs 0.50%/yr for FCTKX.

Performance

FHVEX vs. FCTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and Fidelity Freedom 2055 Fund Class K6 (FCTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FHVEX having a 14.40% return and FCTKX slightly higher at 14.99%.

FHVEX

• 1D: 1.50%
• 1M: 3.17%
• YTD: 14.40%
• 6M: 14.38%
• 1Y: 31.47%
• 3Y*: 19.38%
• 5Y*: 10.56%
• 10Y*: —

FCTKX

• 1D: 1.46%
• 1M: 3.32%
• YTD: 14.99%
• 6M: 15.03%
• 1Y: 32.67%
• 3Y*: 20.35%
• 5Y*: 11.22%
• 10Y*: —

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

FHVEX vs. FCTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHVEX Fidelity Advisor Freedom Blend 2050 Fund Class Z	14.40%	22.70%	13.75%	20.57%	-18.99%	16.35%	18.03%	26.49%	-11.85%
FCTKX Fidelity Freedom 2055 Fund Class K6	14.99%	24.06%	14.41%	20.84%	-18.09%	16.86%	18.53%	25.67%	-12.59%

Correlation

The correlation between FHVEX and FCTKX 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	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	1.00

The correlation between FHVEX and FCTKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FHVEX vs. FCTKX — Risk / Return Rank

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

FHVEX

FHVEX Risk / Return Rank: 74
FHVEX Sharpe Ratio Rank: 74
FHVEX Sortino Ratio Rank: 68
FHVEX Omega Ratio Rank: 70
FHVEX Calmar Ratio Rank: 76
FHVEX Martin Ratio Rank: 81

FCTKX

FCTKX Risk / Return Rank: 77
FCTKX Sharpe Ratio Rank: 77
FCTKX Sortino Ratio Rank: 71
FCTKX Omega Ratio Rank: 74
FCTKX Calmar Ratio Rank: 78
FCTKX Martin Ratio Rank: 84

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.

FHVEX vs. FCTKX - 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 Fidelity Freedom 2055 Fund Class K6 (FCTKX). 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.

	FHVEX	FCTKX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.36	-0.06
Sortino ratio: Return per unit of downside risk	3.13	3.21	-0.07
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	3.26	3.32	-0.07
Martin ratio: Return relative to average drawdown	14.14	14.54	-0.40

FHVEX vs. FCTKX - Sharpe Ratio Comparison

The current FHVEX Sharpe Ratio is 2.30, which is comparable to the FCTKX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of FHVEX and FCTKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHVEX vs. FCTKX - Drawdown Comparison

The maximum FHVEX drawdown since its inception was -31.34%, roughly equal to the maximum FCTKX drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for FHVEX and FCTKX.

Drawdown Indicators

	FHVEX	FCTKX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-30.94%	-0.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-9.78%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-15.49%	-15.40%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-27.77%	-27.16%	-0.61%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.87%	-5.44%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.23%	-0.03%

Volatility

FHVEX vs. FCTKX - Volatility Comparison

Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and Fidelity Freedom 2055 Fund Class K6 (FCTKX) have volatilities of 5.77% and 5.83%, 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

	FHVEX	FCTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	5.83%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	11.74%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	13.77%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	15.22%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	15.95%	+1.00%

FHVEX vs. FCTKX - Expense Ratio Comparison

FHVEX has a 0.39% expense ratio, which is lower than FCTKX's 0.50% expense ratio.

Dividends

FHVEX vs. FCTKX - Dividend Comparison

FHVEX's dividend yield for the trailing twelve months is around 3.28%, less than FCTKX's 5.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCTKX Fidelity Freedom 2055 Fund Class K6	5.09%	4.06%	2.31%	2.19%	11.70%	11.47%	4.40%	6.53%	7.08%	2.74%
FHVEX Fidelity Advisor Freedom Blend 2050 Fund Class Z	3.28%	2.50%	2.45%	1.91%	6.24%	8.59%	4.76%	3.20%	3.67%	0.00%

Frequently Asked Questions

Can I hold both FHVEX and FCTKX in my portfolio?

With a correlation of 1.00, FHVEX and FCTKX 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, FHVEX or FCTKX?

FCTKX has higher volatility (5.83%) compared to FHVEX (5.77%). In terms of maximum drawdown, FHVEX dropped -31.34% vs FCTKX's -30.94%.

Which has better risk-adjusted returns?

FCTKX currently has the higher Sharpe Ratio (2.36 vs 2.30), 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.