FHXEX vs. DTDRX

Last updated Aug 1, 2026

FHXEX (Fidelity Advisor Freedom Blend 2050 Fund Class C) and DTDRX (Dimensional 2065 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, FHXEX returned 8.75%/yr vs 10.94%/yr for DTDRX. Their 0.96 correlation means they have historically moved very closely together. FHXEX charges 1.49%/yr vs 0.22%/yr for DTDRX.

Performance

FHXEX vs. DTDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2050 Fund Class C (FHXEX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FHXEX having a 11.14% return and DTDRX slightly lower at 10.77%.

FHXEX

• 1D: 2.26%
• 1M: -1.12%
• 6M: 7.44%
• YTD: 11.14%
• 1Y: 22.80%
• 3Y*: 16.71%
• 5Y*: 8.75%
• 10Y*: —
• ALL TIME*: 10.34%

DTDRX

• 1D: 1.70%
• 1M: -0.16%
• 6M: 7.56%
• YTD: 10.77%
• 1Y: 20.92%
• 3Y*: 17.11%
• 5Y*: 10.94%
• 10Y*: —
• ALL TIME*: 12.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DTDRX Dimensional 2065 Target Date Retirement Income Fund	$0.00	$0.00	$0.00
FHXEX Fidelity Advisor Freedom Blend 2050 Fund Class C	$0.00	$0.00	$0.00

FHXEX vs. DTDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FHXEX Fidelity Advisor Freedom Blend 2050 Fund Class C	11.14%	21.40%	14.47%	19.27%	-19.88%	15.18%	16.60%	0.19%
DTDRX Dimensional 2065 Target Date Retirement Income Fund	10.77%	19.28%	17.13%	21.29%	-15.25%	20.99%	13.15%	0.00%

Correlation

The correlation between FHXEX and DTDRX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.96

The correlation between FHXEX and DTDRX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FHXEX vs. DTDRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHXEX

FHXEX Risk / Return Rank: 58
FHXEX Sharpe Ratio Rank: 54
FHXEX Sortino Ratio Rank: 53
FHXEX Omega Ratio Rank: 54
FHXEX Calmar Ratio Rank: 61
FHXEX Martin Ratio Rank: 70

DTDRX

DTDRX Risk / Return Rank: 77
DTDRX Sharpe Ratio Rank: 76
DTDRX Sortino Ratio Rank: 74
DTDRX Omega Ratio Rank: 73
DTDRX Calmar Ratio Rank: 77
DTDRX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHXEX vs. DTDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2050 Fund Class C (FHXEX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). 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.

	FHXEX	DTDRX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.80	-0.31
Sortino ratio: Return per unit of downside risk	2.11	2.54	-0.43
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.05
Calmar ratio: Return relative to maximum drawdown	2.18	2.54	-0.35
Martin ratio: Return relative to average drawdown	9.10	10.65	-1.56

FHXEX vs. DTDRX - Sharpe Ratio Comparison

The current FHXEX Sharpe Ratio is 1.50, which is comparable to the DTDRX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FHXEX and DTDRX, 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

FHXEX vs. DTDRX - Drawdown Comparison

The maximum FHXEX drawdown since its inception was -31.39%, smaller than the maximum DTDRX drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for FHXEX and DTDRX.

Drawdown Indicators

	FHXEX	DTDRX	Difference
Max Drawdown Largest peak-to-trough decline	-31.39%	-33.33%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-8.57%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.66%	-15.95%	+0.29%
Max Drawdown (5Y) Largest decline over 5 years	-28.54%	-23.47%	-5.07%
Current Drawdown Current decline from peak	-2.34%	-1.44%	-0.90%
Average Drawdown Average peak-to-trough decline	-6.19%	-5.01%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.99%	+0.32%

Volatility

FHXEX vs. DTDRX - Volatility Comparison

Fidelity Advisor Freedom Blend 2050 Fund Class C (FHXEX) has a higher volatility of 4.27% compared to Dimensional 2065 Target Date Retirement Income Fund (DTDRX) at 3.40%. This indicates that FHXEX's price experiences larger fluctuations and is considered to be riskier than DTDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHXEX	DTDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	3.40%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	9.87%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	12.06%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	14.98%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	19.06%	-2.16%

FHXEX vs. DTDRX - Expense Ratio Comparison

FHXEX has a 1.49% expense ratio, which is higher than DTDRX's 0.22% expense ratio.

Dividends

FHXEX vs. DTDRX - Dividend Comparison

FHXEX's dividend yield for the trailing twelve months is around 2.86%, more than DTDRX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DTDRX Dimensional 2065 Target Date Retirement Income Fund	1.86%	1.31%	2.07%	1.94%	2.01%	1.53%	2.55%	0.00%	0.00%
FHXEX Fidelity Advisor Freedom Blend 2050 Fund Class C	2.86%	1.88%	3.64%	1.22%	5.61%	7.88%	4.18%	2.72%	3.25%

Frequently Asked Questions

Can I hold both FHXEX and DTDRX in my portfolio?

With a correlation of 0.92, FHXEX and DTDRX 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, FHXEX or DTDRX?

FHXEX has higher volatility (4.27%) compared to DTDRX (3.40%). In terms of maximum drawdown, FHXEX dropped -31.39% vs DTDRX's -33.33%.

Which has better risk-adjusted returns?

DTDRX currently has the higher Sharpe Ratio (1.80 vs 1.50), 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.