FIHFX vs. FFEZX
FIHFX (Fidelity Freedom Index 2035 Fund Investor Class) and FFEZX (Fidelity Freedom Index 2035 Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIHFX returned 10.38%/yr vs 10.41%/yr for FFEZX. With a 1.00 correlation, they move nearly in lockstep. FIHFX charges 0.12%/yr vs 0.08%/yr for FFEZX.
Performance
FIHFX vs. FFEZX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FIHFX having a 8.99% return and FFEZX slightly higher at 9.00%. Both investments have delivered pretty close results over the past 10 years, with FIHFX having a 10.38% annualized return and FFEZX not far ahead at 10.41%.
FIHFX
- 1D
- 0.31%
- 1M
- 4.06%
- YTD
- 8.99%
- 6M
- 9.57%
- 1Y
- 21.64%
- 3Y*
- 15.48%
- 5Y*
- 7.67%
- 10Y*
- 10.38%
FFEZX
- 1D
- 0.28%
- 1M
- 4.03%
- YTD
- 9.00%
- 6M
- 9.57%
- 1Y
- 21.69%
- 3Y*
- 15.53%
- 5Y*
- 7.69%
- 10Y*
- 10.41%
FIHFX vs. FFEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 8.99% | 17.32% | 11.22% | 17.25% | -17.49% | 13.73% | 15.54% | 24.87% | -6.77% | 20.35% |
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class | 9.00% | 17.36% | 11.27% | 17.31% | -17.55% | 13.80% | 15.58% | 24.92% | -6.72% | 20.40% |
Correlation
The correlation between FIHFX and FFEZX 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 (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 1.00 |
The correlation between FIHFX and FFEZX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FIHFX vs. FFEZX — Risk / Return Rank
FIHFX
FFEZX
FIHFX vs. FFEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX). 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.
| FIHFX | FFEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.15 | -0.02 |
| Martin ratioReturn relative to average drawdown | 13.69 | 13.76 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIHFX | FFEZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.49 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.65 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.78 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.70 | +0.01 |
Drawdowns
FIHFX vs. FFEZX - Drawdown Comparison
The maximum FIHFX drawdown since its inception was -28.42%, roughly equal to the maximum FFEZX drawdown of -28.46%. Use the drawdown chart below to compare losses from any high point for FIHFX and FFEZX.
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Drawdown Indicators
| FIHFX | FFEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -28.46% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -6.95% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -10.98% | -11.02% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -24.84% | -24.83% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | -28.46% | +0.04% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.50% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.59% | +0.01% |
Volatility
FIHFX vs. FFEZX - Volatility Comparison
Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Freedom Index 2035 Fund Institutional Premium Class (FFEZX) have volatilities of 2.87% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIHFX | FFEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.81% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 7.14% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 8.81% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 11.90% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.37% | 13.36% | +0.01% |
FIHFX vs. FFEZX - Expense Ratio Comparison
FIHFX has a 0.12% expense ratio, which is higher than FFEZX's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FIHFX vs. FFEZX - Dividend Comparison
FIHFX's dividend yield for the trailing twelve months is around 2.56%, which matches FFEZX's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEZX Fidelity Freedom Index 2035 Fund Institutional Premium Class | 2.58% | 2.80% | 2.54% | 2.13% | 2.08% | 2.04% | 2.18% | 16.18% | 2.27% | 1.85% | 2.01% | 2.04% |
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 2.56% | 2.77% | 2.50% | 2.10% | 2.14% | 1.93% | 2.15% | 16.14% | 2.21% | 1.81% | 1.95% | 2.03% |
Frequently Asked Questions
With a correlation of 1.00, FIHFX and FFEZX 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.
FIHFX has higher volatility (2.87%) compared to FFEZX (2.81%). In terms of maximum drawdown, FIHFX dropped -28.42% vs FFEZX's -28.46%.
FFEZX currently has the higher Sharpe Ratio (2.49 vs 2.49), 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.
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