FHYDX vs. LTTIX

Last updated Jun 25, 2026

FHYDX (Fidelity Freedom Blend 2040 Fund Class K) and LTTIX (MFS Lifetime 2025 Fund) are both Target Retirement Date funds. Over the past 5 years, FHYDX returned 9.34%/yr vs 3.72%/yr for LTTIX. Their correlation of 0.90 suggests significant overlap in exposure. FHYDX charges 0.39%/yr vs 0.00%/yr for LTTIX.

Performance

FHYDX vs. LTTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2040 Fund Class K (FHYDX) and MFS Lifetime 2025 Fund (LTTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHYDX achieves a 10.48% return, which is significantly higher than LTTIX's 2.74% return.

FHYDX

• 1D: -1.86%
• 1M: 0.76%
• YTD: 10.48%
• 6M: 9.80%
• 1Y: 23.33%
• 3Y*: 18.94%
• 5Y*: 9.34%
• 10Y*: —

LTTIX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 2.74%
• 6M: 2.43%
• 1Y: 7.56%
• 3Y*: 8.33%
• 5Y*: 3.72%
• 10Y*: 6.24%

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

FHYDX vs. LTTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHYDX Fidelity Freedom Blend 2040 Fund Class K	10.48%	21.15%	15.69%	20.03%	-18.91%	16.34%	17.89%	26.65%	-11.82%
LTTIX MFS Lifetime 2025 Fund	2.74%	9.29%	6.73%	10.36%	-12.36%	8.61%	10.61%	17.82%	-6.57%

Correlation

The correlation between FHYDX and LTTIX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.90

The correlation between FHYDX and LTTIX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

FHYDX vs. LTTIX — Risk / Return Rank

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

FHYDX

FHYDX Risk / Return Rank: 68
FHYDX Sharpe Ratio Rank: 66
FHYDX Sortino Ratio Rank: 63
FHYDX Omega Ratio Rank: 66
FHYDX Calmar Ratio Rank: 71
FHYDX Martin Ratio Rank: 76

LTTIX

LTTIX Risk / Return Rank: 66
LTTIX Sharpe Ratio Rank: 70
LTTIX Sortino Ratio Rank: 75
LTTIX Omega Ratio Rank: 74
LTTIX Calmar Ratio Rank: 50
LTTIX Martin Ratio Rank: 60

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. LTTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund Class K (FHYDX) and MFS Lifetime 2025 Fund (LTTIX). 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	LTTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.16	-0.12
Sortino ratio: Return per unit of downside risk	2.81	3.20	-0.38
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	2.90	2.47	+0.43
Martin ratio: Return relative to average drawdown	12.42	10.68	+1.73

FHYDX vs. LTTIX - Sharpe Ratio Comparison

The current FHYDX Sharpe Ratio is 2.03, which is comparable to the LTTIX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FHYDX and LTTIX, 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. LTTIX - Drawdown Comparison

The maximum FHYDX drawdown since its inception was -31.34%, which is greater than LTTIX's maximum drawdown of -19.33%. Use the drawdown chart below to compare losses from any high point for FHYDX and LTTIX.

Drawdown Indicators

	FHYDX	LTTIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-19.33%	-12.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-3.64%	-5.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.26%	-5.77%	-8.49%
Max Drawdown (5Y) Largest decline over 5 years	-27.67%	-16.92%	-10.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.33%	—
Current Drawdown Current decline from peak	-2.10%	-0.45%	-1.65%
Average Drawdown Average peak-to-trough decline	-5.83%	-2.68%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	0.84%	+1.17%

Volatility

FHYDX vs. LTTIX - Volatility Comparison

Fidelity Freedom Blend 2040 Fund Class K (FHYDX) has a higher volatility of 5.37% compared to MFS Lifetime 2025 Fund (LTTIX) at 1.34%. This indicates that FHYDX's price experiences larger fluctuations and is considered to be riskier than LTTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHYDX	LTTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	1.34%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	3.32%	+7.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	4.18%	+8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	6.37%	+8.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	7.24%	+9.34%

FHYDX vs. LTTIX - Expense Ratio Comparison

FHYDX has a 0.39% expense ratio, which is higher than LTTIX's 0.00% expense ratio.

Dividends

FHYDX vs. LTTIX - Dividend Comparison

FHYDX's dividend yield for the trailing twelve months is around 3.85%, less than LTTIX's 11.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHYDX Fidelity Freedom Blend 2040 Fund Class K	3.85%	2.82%	4.98%	1.84%	6.24%	8.59%	4.92%	3.51%	3.23%	0.00%	0.00%	0.00%
LTTIX MFS Lifetime 2025 Fund	11.54%	8.13%	7.07%	3.30%	5.88%	7.35%	2.83%	3.68%	4.32%	3.51%	4.03%	1.82%

Frequently Asked Questions

Can I hold both FHYDX and LTTIX in my portfolio?

FHYDX and LTTIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHYDX or LTTIX?

FHYDX has higher volatility (5.37%) compared to LTTIX (1.34%). In terms of maximum drawdown, FHYDX dropped -31.34% vs LTTIX's -19.33%.

Which has better risk-adjusted returns?

LTTIX currently has the higher Sharpe Ratio (2.16 vs 2.03), 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.