FHYDX vs. FHJEX

Last updated Jul 18, 2026

FHYDX (Fidelity Freedom Blend 2040 Fund Class K) and FHJEX (Fidelity Advisor Freedom Blend 2060 Fund Class Z) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHYDX returned 9.69%/yr vs 10.59%/yr for FHJEX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.39% expense ratio.

Performance

FHYDX vs. FHJEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2040 Fund Class K (FHYDX) and Fidelity Advisor Freedom Blend 2060 Fund Class Z (FHJEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHYDX achieves a 11.10% return, which is significantly lower than FHJEX's 12.78% return.

FHYDX

• 1D: -0.68%
• 1M: -0.19%
• 6M: 8.00%
• YTD: 11.10%
• 1Y: 21.32%
• 3Y*: 17.70%
• 5Y*: 9.69%
• 10Y*: —

FHJEX

• 1D: -0.76%
• 1M: -0.18%
• 6M: 9.21%
• YTD: 12.78%
• 1Y: 23.91%
• 3Y*: 19.16%
• 5Y*: 10.59%
• 10Y*: —

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

FHYDX vs. FHJEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHYDX Fidelity Freedom Blend 2040 Fund Class K	11.10%	21.15%	15.69%	20.03%	-18.91%	16.34%	17.89%	26.65%	-11.82%
FHJEX Fidelity Advisor Freedom Blend 2060 Fund Class Z	12.78%	22.71%	16.78%	20.62%	-19.04%	16.41%	17.90%	26.53%	-11.82%

Correlation

The correlation between FHYDX and FHJEX 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	0.99

The correlation between FHYDX and FHJEX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FHYDX vs. FHJEX — Risk / Return Rank

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

FHYDX

FHYDX Risk / Return Rank: 64
FHYDX Sharpe Ratio Rank: 61
FHYDX Sortino Ratio Rank: 59
FHYDX Omega Ratio Rank: 61
FHYDX Calmar Ratio Rank: 66
FHYDX Martin Ratio Rank: 74

FHJEX

FHJEX Risk / Return Rank: 64
FHJEX Sharpe Ratio Rank: 61
FHJEX Sortino Ratio Rank: 57
FHJEX Omega Ratio Rank: 60
FHJEX Calmar Ratio Rank: 67
FHJEX Martin Ratio Rank: 75

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.

FHYDX vs. FHJEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund Class K (FHYDX) and Fidelity Advisor Freedom Blend 2060 Fund Class Z (FHJEX). 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.

	FHYDX	FHJEX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.77	+0.01
Sortino ratio: Return per unit of downside risk	2.47	2.44	+0.04
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.56	2.57	0.00
Martin ratio: Return relative to average drawdown	10.85	10.98	-0.12

FHYDX vs. FHJEX - Sharpe Ratio Comparison

The current FHYDX Sharpe Ratio is 1.77, which is comparable to the FHJEX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FHYDX and FHJEX, 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

FHYDX vs. FHJEX - Drawdown Comparison

The maximum FHYDX drawdown since its inception was -31.34%, roughly equal to the maximum FHJEX drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for FHYDX and FHJEX.

Drawdown Indicators

	FHYDX	FHJEX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-31.35%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-9.64%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.26%	-15.53%	+1.27%
Max Drawdown (5Y) Largest decline over 5 years	-27.67%	-27.75%	+0.08%
Current Drawdown Current decline from peak	-1.54%	-1.68%	+0.14%
Average Drawdown Average peak-to-trough decline	-5.79%	-5.80%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.25%	-0.22%

Volatility

FHYDX vs. FHJEX - Volatility Comparison

The current volatility for Fidelity Freedom Blend 2040 Fund Class K (FHYDX) is 3.82%, while Fidelity Advisor Freedom Blend 2060 Fund Class Z (FHJEX) has a volatility of 4.30%. This indicates that FHYDX experiences smaller price fluctuations and is considered to be less risky than FHJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHYDX	FHJEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	4.30%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	12.00%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	14.01%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	15.35%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	16.95%	-0.41%

FHYDX vs. FHJEX - Expense Ratio Comparison

Both FHYDX and FHJEX have an expense ratio of 0.39%.

Dividends

FHYDX vs. FHJEX - Dividend Comparison

FHYDX's dividend yield for the trailing twelve months is around 3.83%, more than FHJEX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FHJEX Fidelity Advisor Freedom Blend 2060 Fund Class Z	3.30%	2.44%	5.34%	1.97%	5.95%	8.15%	4.13%	2.86%	3.46%
FHYDX Fidelity Freedom Blend 2040 Fund Class K	3.83%	2.82%	4.98%	1.84%	6.24%	8.59%	4.92%	3.51%	3.23%

Frequently Asked Questions

Can I hold both FHYDX and FHJEX in my portfolio?

With a correlation of 1.00, FHYDX and FHJEX 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, FHYDX or FHJEX?

FHJEX has higher volatility (4.30%) compared to FHYDX (3.82%). In terms of maximum drawdown, FHYDX dropped -31.34% vs FHJEX's -31.35%.

Which has better risk-adjusted returns?

FHYDX currently has the higher Sharpe Ratio (1.77 vs 1.77), 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.