FIHFX vs. FQIFX

Last updated Jun 5, 2026

FIHFX (Fidelity Freedom Index 2035 Fund Investor Class) and FQIFX (Fidelity Freedom Index 2025 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIHFX returned 10.31%/yr vs 7.94%/yr for FQIFX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.

Performance

FIHFX vs. FQIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Freedom Index 2025 Fund Investor Class (FQIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIHFX achieves a 8.31% return, which is significantly higher than FQIFX's 6.64% return. Over the past 10 years, FIHFX has outperformed FQIFX with an annualized return of 10.31%, while FQIFX has yielded a comparatively lower 7.94% annualized return.

FIHFX

• 1D: -0.62%
• 1M: 2.71%
• YTD: 8.31%
• 6M: 8.77%
• 1Y: 20.39%
• 3Y*: 15.24%
• 5Y*: 7.37%
• 10Y*: 10.31%

FQIFX

• 1D: -0.55%
• 1M: 2.12%
• YTD: 6.64%
• 6M: 6.95%
• 1Y: 16.69%
• 3Y*: 12.35%
• 5Y*: 5.49%
• 10Y*: 7.94%

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

FIHFX vs. FQIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIHFX Fidelity Freedom Index 2035 Fund Investor Class	8.31%	17.32%	11.22%	17.25%	-17.49%	13.73%	15.54%	24.87%	-6.77%	20.35%
FQIFX Fidelity Freedom Index 2025 Fund Investor Class	6.64%	14.84%	8.49%	13.88%	-16.54%	9.52%	13.56%	19.63%	-4.51%	15.15%

Correlation

The correlation between FIHFX and FQIFX is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.99

The correlation between FIHFX and FQIFX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

FIHFX vs. FQIFX — Risk / Return Rank

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

FIHFX

FIHFX Risk / Return Rank: 64
FIHFX Sharpe Ratio Rank: 65
FIHFX Sortino Ratio Rank: 64
FIHFX Omega Ratio Rank: 63
FIHFX Calmar Ratio Rank: 61
FIHFX Martin Ratio Rank: 68

FQIFX

FQIFX Risk / Return Rank: 63
FQIFX Sharpe Ratio Rank: 64
FQIFX Sortino Ratio Rank: 65
FQIFX Omega Ratio Rank: 65
FQIFX Calmar Ratio Rank: 57
FQIFX Martin Ratio Rank: 66

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.

FIHFX vs. FQIFX - 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 2025 Fund Investor Class (FQIFX). 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	FQIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.36	+0.01
Sortino ratio: Return per unit of downside risk	3.37	3.38	-0.01
Omega ratio: Gain probability vs. loss probability	1.44	1.45	0.00
Calmar ratio: Return relative to maximum drawdown	3.00	2.90	+0.11
Martin ratio: Return relative to average drawdown	13.12	12.78	+0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIHFX vs. FQIFX - Sharpe Ratio Comparison

The current FIHFX Sharpe Ratio is 2.38, which is comparable to the FQIFX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of FIHFX and FQIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIHFX	FQIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.36	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.58	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.80	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.72	-0.01

Drawdowns

FIHFX vs. FQIFX - Drawdown Comparison

The maximum FIHFX drawdown since its inception was -28.42%, which is greater than FQIFX's maximum drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for FIHFX and FQIFX.

Drawdown Indicators

	FIHFX	FQIFX	Difference
Max Drawdown Largest peak-to-trough decline	-28.42%	-22.66%	-5.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-5.98%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-10.98%	-8.59%	-2.39%
Max Drawdown (5Y) Largest decline over 5 years	-24.84%	-22.66%	-2.18%
Max Drawdown (10Y) Largest decline over 10 years	-28.42%	-22.66%	-5.76%
Current Drawdown Current decline from peak	-0.62%	-0.55%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.99%	-3.87%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.35%	+0.25%

Volatility

FIHFX vs. FQIFX - Volatility Comparison

Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) has a higher volatility of 2.92% compared to Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) at 2.50%. This indicates that FIHFX's price experiences larger fluctuations and is considered to be riskier than FQIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIHFX	FQIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.50%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	5.97%	+1.19%
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	7.33%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	9.55%	+2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.37%	9.90%	+3.47%

FIHFX vs. FQIFX - Expense Ratio Comparison

Both FIHFX and FQIFX have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FIHFX vs. FQIFX - Dividend Comparison

FIHFX's dividend yield for the trailing twelve months is around 2.57%, less than FQIFX's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIHFX Fidelity Freedom Index 2035 Fund Investor Class	2.57%	2.77%	2.50%	2.10%	2.14%	1.93%	2.15%	16.14%	2.21%	1.81%	1.95%	2.03%
FQIFX Fidelity Freedom Index 2025 Fund Investor Class	4.33%	4.92%	3.36%	2.37%	2.64%	2.10%	2.38%	13.76%	2.31%	1.83%	1.88%	1.93%

Frequently Asked Questions

Can I hold both FIHFX and FQIFX in my portfolio?

With a correlation of 0.99, FIHFX and FQIFX 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, FIHFX or FQIFX?

FIHFX has higher volatility (2.92%) compared to FQIFX (2.50%). In terms of maximum drawdown, FIHFX dropped -28.42% vs FQIFX's -22.66%.

Which has better risk-adjusted returns?

FIHFX currently has the higher Sharpe Ratio (2.38 vs 2.36), 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.