FHVEX vs. FDFPX
FHVEX (Fidelity Advisor Freedom Blend 2050 Fund Class Z) and FDFPX (Fidelity Flex Freedom Blend 2065 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHVEX returned 9.56%/yr vs 10.66%/yr for FDFPX. Their 0.99 correlation means they have historically moved very closely together. FHVEX charges 0.39%/yr vs 0.00%/yr for FDFPX.
Performance
FHVEX vs. FDFPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FHVEX having a 11.83% return and FDFPX slightly higher at 12.26%.
FHVEX
- 1D
- 2.29%
- 1M
- -1.08%
- 6M
- 7.95%
- YTD
- 11.83%
- 1Y
- 24.13%
- 3Y*
- 17.30%
- 5Y*
- 9.56%
- 10Y*
- —
- ALL TIME*
- 11.31%
FDFPX
- 1D
- 2.29%
- 1M
- -0.99%
- 6M
- 8.37%
- YTD
- 12.26%
- 1Y
- 24.70%
- 3Y*
- 18.92%
- 5Y*
- 10.66%
- 10Y*
- —
- ALL TIME*
- 13.27%
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 |
FHVEX vs. FDFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FHVEX Fidelity Advisor Freedom Blend 2050 Fund Class Z | 11.83% | 22.70% | 13.75% | 20.57% | -18.99% | 16.35% | 18.03% | 9.59% |
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 12.26% | 22.81% | 17.81% | 20.93% | -18.57% | 16.84% | 18.54% | 9.17% |
Correlation
The correlation between FHVEX and FDFPX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.99 |
The correlation between FHVEX and FDFPX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FHVEX vs. FDFPX — Risk / Return Rank
FHVEX
FDFPX
FHVEX vs. FDFPX - 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 Flex Freedom Blend 2065 Fund (FDFPX). 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 | FDFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.40 | -0.06 |
| Martin ratioReturn relative to average drawdown | 9.78 | 10.04 | -0.26 |
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Drawdowns
FHVEX vs. FDFPX - Drawdown Comparison
The maximum FHVEX drawdown since its inception was -31.34%, roughly equal to the maximum FDFPX drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for FHVEX and FDFPX.
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Drawdown Indicators
| FHVEX | FDFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -31.22% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -9.54% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.49% | -15.42% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -27.41% | -0.36% |
Current DrawdownCurrent decline from peak | -2.25% | -2.19% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -5.76% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.28% | 0.00% |
Volatility
FHVEX vs. FDFPX - Volatility Comparison
Fidelity Advisor Freedom Blend 2050 Fund Class Z (FHVEX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX) have volatilities of 4.36% and 4.37%, 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.
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Volatility by Period
| FHVEX | FDFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.37% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 12.20% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 14.21% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 15.34% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 17.21% | -0.28% |
FHVEX vs. FDFPX - Expense Ratio Comparison
FHVEX has a 0.39% expense ratio, which is higher than FDFPX's 0.00% expense ratio.
Dividends
FHVEX vs. FDFPX - Dividend Comparison
FHVEX's dividend yield for the trailing twelve months is around 3.36%, less than FDFPX's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 3.81% | 2.87% | 6.56% | 2.22% | 5.41% | 8.52% | 5.38% | 3.19% | 0.00% |
FHVEX Fidelity Advisor Freedom Blend 2050 Fund Class Z | 3.36% | 2.50% | 2.45% | 1.91% | 6.24% | 8.59% | 4.76% | 3.20% | 3.67% |
Frequently Asked Questions
With a correlation of 1.00, FHVEX and FDFPX 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.
FDFPX has higher volatility (4.37%) compared to FHVEX (4.36%). In terms of maximum drawdown, FHVEX dropped -31.34% vs FDFPX's -31.22%.
FDFPX currently has the higher Sharpe Ratio (1.61 vs 1.57), 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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