FHYDX vs. FIWDX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund Class K (FHYDX) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX).

FHYDX is managed by Fidelity. It was launched on Aug 31, 2018. FIWDX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

FHYDX vs. FIWDX - 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 Strategic Income Fund Class Z (FIWDX). The values are adjusted to include any dividend payments, if applicable.

FHYDX vs. FIWDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHYDX Fidelity Freedom Blend 2040 Fund Class K	-0.55%	21.15%	15.69%	20.03%	-18.91%	16.34%	17.89%	26.65%	-8.24%
FIWDX Fidelity Advisor Strategic Income Fund Class Z	-0.22%	8.98%	6.07%	9.20%	-11.76%	3.51%	7.60%	11.20%	-1.63%

Returns By Period

In the year-to-date period, FHYDX achieves a -0.55% return, which is significantly lower than FIWDX's -0.22% return.

FHYDX

• 1D: 2.61%
• 1M: -5.28%
• YTD: -0.55%
• 6M: 2.32%
• 1Y: 19.72%
• 3Y*: 16.03%
• 5Y*: 8.19%
• 10Y*: —

FIWDX

• 1D: 0.59%
• 1M: -1.80%
• YTD: -0.22%
• 6M: 0.92%
• 1Y: 7.49%
• 3Y*: 6.88%
• 5Y*: 2.86%
• 10Y*: —

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

FHYDX vs. FIWDX - Expense Ratio Comparison

FHYDX has a 0.39% expense ratio, which is lower than FIWDX's 0.61% expense ratio.

FIWDX

Fidelity Advisor Strategic Income Fund Class Z

FHYDX

Fidelity Freedom Blend 2040 Fund Class K

Return for Risk

FHYDX vs. FIWDX — Risk / Return Rank

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

FHYDX

FHYDX Risk / Return Rank: 70
FHYDX Sharpe Ratio Rank: 71
FHYDX Sortino Ratio Rank: 72
FHYDX Omega Ratio Rank: 71
FHYDX Calmar Ratio Rank: 64
FHYDX Martin Ratio Rank: 72

FIWDX

FIWDX Risk / Return Rank: 94
FIWDX Sharpe Ratio Rank: 94
FIWDX Sortino Ratio Rank: 95
FIWDX Omega Ratio Rank: 93
FIWDX Calmar Ratio Rank: 94
FIWDX Martin Ratio Rank: 93

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. FIWDX - 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 Strategic Income Fund Class Z (FIWDX). 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.

	FHYDX	FIWDX	Difference
Sharpe ratio Return per unit of total volatility	1.39	2.24	-0.85
Sortino ratio Return per unit of downside risk	1.99	3.15	-1.16
Omega ratio Gain probability vs. loss probability	1.30	1.46	-0.16
Calmar ratio Return relative to maximum drawdown	1.77	3.15	-1.38
Martin ratio Return relative to average drawdown	8.03	12.15	-4.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHYDX vs. FIWDX - Sharpe Ratio Comparison

The current FHYDX Sharpe Ratio is 1.39, which is lower than the FIWDX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of FHYDX and FIWDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FHYDX	FIWDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	2.24	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.65	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.85	-0.24

Correlation

The correlation between FHYDX and FIWDX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FHYDX vs. FIWDX - Dividend Comparison

FHYDX's dividend yield for the trailing twelve months is around 2.84%, less than FIWDX's 4.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FHYDX Fidelity Freedom Blend 2040 Fund Class K	2.84%	2.82%	4.98%	1.84%	6.24%	8.59%	4.92%	3.51%	3.23%
FIWDX Fidelity Advisor Strategic Income Fund Class Z	4.09%	4.39%	4.21%	4.02%	2.99%	4.28%	4.62%	4.39%	1.13%

Drawdowns

FHYDX vs. FIWDX - Drawdown Comparison

The maximum FHYDX drawdown since its inception was -31.34%, which is greater than FIWDX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FHYDX and FIWDX.

Drawdown Indicators

	FHYDX	FIWDX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-15.96%	-15.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-2.61%	-7.90%
Max Drawdown (5Y) Largest decline over 5 years	-27.67%	-15.96%	-11.71%
Current Drawdown Current decline from peak	-6.25%	-2.04%	-4.21%
Average Drawdown Average peak-to-trough decline	-5.98%	-3.27%	-2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	0.68%	+1.63%

Volatility

FHYDX vs. FIWDX - Volatility Comparison

Fidelity Freedom Blend 2040 Fund Class K (FHYDX) has a higher volatility of 5.81% compared to Fidelity Advisor Strategic Income Fund Class Z (FIWDX) at 1.65%. This indicates that FHYDX's price experiences larger fluctuations and is considered to be riskier than FIWDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHYDX	FIWDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	1.65%	+4.16%
Volatility (6M) Calculated over the trailing 6-month period	8.84%	2.36%	+6.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.77%	3.55%	+11.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	4.45%	+9.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	4.88%	+11.72%