FHWDX vs. FUGLX

Last updated Jun 4, 2026

FHWDX (Fidelity Freedom Blend 2050 Fund Class K) and FUGLX (Fidelity Advisor Freedom 2010 Fund Class Z6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHWDX returned 10.71%/yr vs 4.37%/yr for FUGLX. Their correlation of 0.88 suggests significant overlap in exposure. FHWDX charges 0.39%/yr vs 0.38%/yr for FUGLX.

Performance

FHWDX vs. FUGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2050 Fund Class K (FHWDX) and Fidelity Advisor Freedom 2010 Fund Class Z6 (FUGLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHWDX achieves a 13.76% return, which is significantly higher than FUGLX's 5.12% return.

FHWDX

• 1D: 0.66%
• 1M: 5.32%
• YTD: 13.76%
• 6M: 15.24%
• 1Y: 30.78%
• 3Y*: 21.21%
• 5Y*: 10.71%
• 10Y*: —

FUGLX

• 1D: 0.26%
• 1M: 1.75%
• YTD: 5.12%
• 6M: 5.45%
• 1Y: 12.34%
• 3Y*: 10.21%
• 5Y*: 4.37%
• 10Y*: —

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

FHWDX vs. FUGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHWDX Fidelity Freedom Blend 2050 Fund Class K	13.76%	22.66%	16.60%	20.56%	-19.02%	16.41%	17.99%	26.50%	-11.41%
FUGLX Fidelity Advisor Freedom 2010 Fund Class Z6	5.12%	11.46%	8.66%	9.76%	-13.10%	5.58%	10.72%	14.91%	-4.45%

Correlation

The correlation between FHWDX and FUGLX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.88

The correlation between FHWDX and FUGLX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

FHWDX vs. FUGLX — Risk / Return Rank

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

FHWDX

FHWDX Risk / Return Rank: 71
FHWDX Sharpe Ratio Rank: 73
FHWDX Sortino Ratio Rank: 67
FHWDX Omega Ratio Rank: 68
FHWDX Calmar Ratio Rank: 72
FHWDX Martin Ratio Rank: 77

FUGLX

FUGLX Risk / Return Rank: 73
FUGLX Sharpe Ratio Rank: 74
FUGLX Sortino Ratio Rank: 76
FUGLX Omega Ratio Rank: 78
FUGLX Calmar Ratio Rank: 65
FUGLX Martin Ratio Rank: 69

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.

FHWDX vs. FUGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2050 Fund Class K (FHWDX) and Fidelity Advisor Freedom 2010 Fund Class Z6 (FUGLX). 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.

	FHWDX	FUGLX	Difference
Sharpe ratio Return per unit of total volatility	2.51	2.53	-0.02
Sortino ratio Return per unit of downside risk	3.45	3.70	-0.25
Omega ratio Gain probability vs. loss probability	1.46	1.52	-0.05
Calmar ratio Return relative to maximum drawdown	3.29	3.12	+0.17
Martin ratio Return relative to average drawdown	14.49	13.43	+1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHWDX vs. FUGLX - Sharpe Ratio Comparison

The current FHWDX Sharpe Ratio is 2.51, which is comparable to the FUGLX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FHWDX and FUGLX, 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

	FHWDX	FUGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.53	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.68	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.89	-0.16

Drawdowns

FHWDX vs. FUGLX - Drawdown Comparison

The maximum FHWDX drawdown since its inception was -31.30%, which is greater than FUGLX's maximum drawdown of -18.24%. Use the drawdown chart below to compare losses from any high point for FHWDX and FUGLX.

Drawdown Indicators

	FHWDX	FUGLX	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-18.24%	-13.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-3.99%	-5.58%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-5.71%	-9.81%
Max Drawdown (5Y) Largest decline over 5 years	-27.72%	-18.24%	-9.48%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.88%	-3.55%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	0.92%	+1.24%

Volatility

FHWDX vs. FUGLX - Volatility Comparison

Fidelity Freedom Blend 2050 Fund Class K (FHWDX) has a higher volatility of 4.14% compared to Fidelity Advisor Freedom 2010 Fund Class Z6 (FUGLX) at 1.96%. This indicates that FHWDX's price experiences larger fluctuations and is considered to be riskier than FUGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHWDX	FUGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	1.96%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	4.18%	+6.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	4.92%	+7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	6.51%	+8.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	6.54%	+10.34%

FHWDX vs. FUGLX - Expense Ratio Comparison

FHWDX has a 0.39% expense ratio, which is higher than FUGLX's 0.38% expense ratio.

Dividends

FHWDX vs. FUGLX - Dividend Comparison

FHWDX's dividend yield for the trailing twelve months is around 3.30%, less than FUGLX's 5.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHWDX Fidelity Freedom Blend 2050 Fund Class K	3.30%	2.50%	4.98%	1.87%	6.26%	8.54%	4.80%	3.40%	3.67%	0.00%
FUGLX Fidelity Advisor Freedom 2010 Fund Class Z6	5.35%	5.45%	6.30%	2.98%	7.53%	9.29%	5.97%	6.21%	9.27%	4.88%

Frequently Asked Questions

Can I hold both FHWDX and FUGLX in my portfolio?

FHWDX and FUGLX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHWDX or FUGLX?

FHWDX has higher volatility (4.14%) compared to FUGLX (1.96%). In terms of maximum drawdown, FHWDX dropped -31.30% vs FUGLX's -18.24%.

Which has better risk-adjusted returns?

FUGLX currently has the higher Sharpe Ratio (2.53 vs 2.51), 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.