FHYEX vs. FIKFX

Last updated Aug 1, 2026

FHYEX (Fidelity Advisor Freedom Blend 2050 Fund Class M) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FHYEX returned 9.36%/yr vs 2.72%/yr for FIKFX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FHYEX charges 0.99%/yr vs 0.12%/yr for FIKFX.

Performance

FHYEX vs. FIKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2050 Fund Class M (FHYEX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHYEX achieves a 11.43% return, which is significantly higher than FIKFX's 3.28% return.

FHYEX

• 1D: 2.28%
• 1M: -1.10%
• 6M: 7.64%
• YTD: 11.43%
• 1Y: 23.45%
• 3Y*: 17.41%
• 5Y*: 9.36%
• 10Y*: —
• ALL TIME*: 10.93%

FIKFX

• 1D: 0.56%
• 1M: -0.35%
• 6M: 2.29%
• YTD: 3.28%
• 1Y: 7.10%
• 3Y*: 6.88%
• 5Y*: 2.72%
• 10Y*: 4.02%
• ALL TIME*: 3.91%

*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)
FHYEX Fidelity Advisor Freedom Blend 2050 Fund Class M	$0.00	$0.00	$0.00
FIKFX Fidelity Freedom Index Retirement Fund Investor Class	$0.00	$0.00	$0.00

FHYEX vs. FIKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHYEX Fidelity Advisor Freedom Blend 2050 Fund Class M	11.43%	22.00%	15.33%	19.88%	-19.45%	15.75%	17.15%	25.82%	-12.04%
FIKFX Fidelity Freedom Index Retirement Fund Investor Class	3.28%	9.23%	4.96%	8.28%	-11.09%	2.79%	8.54%	10.59%	-2.00%

Correlation

The correlation between FHYEX and FIKFX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.72

The correlation between FHYEX and FIKFX shifts across timeframes, from 0.72 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FHYEX vs. FIKFX — Risk / Return Rank

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

FHYEX

FHYEX Risk / Return Rank: 62
FHYEX Sharpe Ratio Rank: 58
FHYEX Sortino Ratio Rank: 56
FHYEX Omega Ratio Rank: 57
FHYEX Calmar Ratio Rank: 65
FHYEX Martin Ratio Rank: 74

FIKFX

FIKFX Risk / Return Rank: 73
FIKFX Sharpe Ratio Rank: 73
FIKFX Sortino Ratio Rank: 73
FIKFX Omega Ratio Rank: 74
FIKFX Calmar Ratio Rank: 69
FIKFX Martin Ratio Rank: 77

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.

FHYEX vs. FIKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2050 Fund Class M (FHYEX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). 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.

	FHYEX	FIKFX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.65	-0.13
Sortino ratio: Return per unit of downside risk	2.15	2.39	-0.24
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.25	2.20	+0.05
Martin ratio: Return relative to average drawdown	9.38	9.13	+0.26

FHYEX vs. FIKFX - Sharpe Ratio Comparison

The current FHYEX Sharpe Ratio is 1.52, which is comparable to the FIKFX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FHYEX and FIKFX, 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

FHYEX vs. FIKFX - Drawdown Comparison

The maximum FHYEX drawdown since its inception was -31.36%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FHYEX and FIKFX.

Drawdown Indicators

	FHYEX	FIKFX	Difference
Max Drawdown Largest peak-to-trough decline	-31.36%	-15.03%	-16.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-3.32%	-6.29%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-3.82%	-11.76%
Max Drawdown (5Y) Largest decline over 5 years	-28.21%	-15.03%	-13.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.03%	—
Current Drawdown Current decline from peak	-2.30%	-0.87%	-1.43%
Average Drawdown Average peak-to-trough decline	-6.02%	-1.71%	-4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	0.80%	+1.50%

Volatility

FHYEX vs. FIKFX - Volatility Comparison

Fidelity Advisor Freedom Blend 2050 Fund Class M (FHYEX) has a higher volatility of 4.33% compared to Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) at 1.38%. This indicates that FHYEX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHYEX	FIKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	1.38%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	3.85%	+8.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	4.44%	+9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	5.21%	+10.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	4.48%	+12.43%

FHYEX vs. FIKFX - Expense Ratio Comparison

FHYEX has a 0.99% expense ratio, which is higher than FIKFX's 0.12% expense ratio.

Dividends

FHYEX vs. FIKFX - Dividend Comparison

FHYEX's dividend yield for the trailing twelve months is around 3.13%, less than FIKFX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHYEX Fidelity Advisor Freedom Blend 2050 Fund Class M	3.13%	2.21%	4.19%	1.54%	5.89%	8.09%	4.42%	2.95%	3.45%	0.00%	0.00%	0.00%
FIKFX Fidelity Freedom Index Retirement Fund Investor Class	2.88%	3.40%	3.13%	2.85%	3.06%	2.04%	2.18%	7.27%	2.94%	1.89%	1.65%	1.39%

Frequently Asked Questions

Can I hold both FHYEX and FIKFX in my portfolio?

FHYEX and FIKFX 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, FHYEX or FIKFX?

FHYEX has higher volatility (4.33%) compared to FIKFX (1.38%). In terms of maximum drawdown, FHYEX dropped -31.36% vs FIKFX's -15.03%.

Which has better risk-adjusted returns?

FIKFX currently has the higher Sharpe Ratio (1.65 vs 1.52), 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.