FIJUX vs. FDFPX

Last updated Jul 18, 2026

FIJUX (Fidelity Advisor Freedom Income Fund Class Z) and FDFPX (Fidelity Flex Freedom Blend 2065 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FIJUX returned 2.86%/yr vs 11.05%/yr for FDFPX. A 0.73 correlation means they provide meaningful diversification when combined. FIJUX charges 0.42%/yr vs 0.00%/yr for FDFPX.

Performance

FIJUX vs. FDFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Income Fund Class Z (FIJUX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIJUX achieves a 3.96% return, which is significantly lower than FDFPX's 12.92% return.

FIJUX

• 1D: -0.27%
• 1M: -0.27%
• 6M: 3.00%
• YTD: 3.96%
• 1Y: 8.50%
• 3Y*: 7.25%
• 5Y*: 2.86%
• 10Y*: —

FDFPX

• 1D: -0.76%
• 1M: -0.18%
• 6M: 9.36%
• YTD: 12.92%
• 1Y: 24.12%
• 3Y*: 19.68%
• 5Y*: 11.05%
• 10Y*: —

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

FIJUX vs. FDFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIJUX Fidelity Advisor Freedom Income Fund Class Z	3.96%	10.08%	4.35%	8.16%	-11.42%	3.19%	8.87%	3.73%
FDFPX Fidelity Flex Freedom Blend 2065 Fund	12.92%	22.81%	17.81%	20.93%	-18.57%	16.84%	18.54%	9.17%

Correlation

The correlation between FIJUX and FDFPX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019	0.73

The correlation between FIJUX and FDFPX shifts across timeframes, from 0.73 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FIJUX vs. FDFPX — Risk / Return Rank

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

FIJUX

FIJUX Risk / Return Rank: 58
FIJUX Sharpe Ratio Rank: 57
FIJUX Sortino Ratio Rank: 57
FIJUX Omega Ratio Rank: 64
FIJUX Calmar Ratio Rank: 52
FIJUX Martin Ratio Rank: 60

FDFPX

FDFPX Risk / Return Rank: 64
FDFPX Sharpe Ratio Rank: 60
FDFPX Sortino Ratio Rank: 57
FDFPX Omega Ratio Rank: 60
FDFPX Calmar Ratio Rank: 67
FDFPX Martin Ratio Rank: 76

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.

FIJUX vs. FDFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class Z (FIJUX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). 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.

	FIJUX	FDFPX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.80	-0.09
Sortino ratio: Return per unit of downside risk	2.43	2.49	-0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.28	2.61	-0.33
Martin ratio: Return relative to average drawdown	9.55	11.21	-1.66

FIJUX vs. FDFPX - Sharpe Ratio Comparison

The current FIJUX Sharpe Ratio is 1.71, which is comparable to the FDFPX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FIJUX and FDFPX, 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

FIJUX vs. FDFPX - Drawdown Comparison

The maximum FIJUX drawdown since its inception was -15.87%, smaller than the maximum FDFPX drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for FIJUX and FDFPX.

Drawdown Indicators

	FIJUX	FDFPX	Difference
Max Drawdown Largest peak-to-trough decline	-15.87%	-31.22%	+15.35%
Max Drawdown (1Y) Largest decline over 1 year	-3.78%	-9.54%	+5.76%
Max Drawdown (3Y) Largest decline over 3 years	-4.85%	-15.42%	+10.57%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-27.41%	+11.54%
Current Drawdown Current decline from peak	-0.90%	-1.62%	+0.72%
Average Drawdown Average peak-to-trough decline	-3.20%	-5.78%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	2.22%	-1.32%

Volatility

FIJUX vs. FDFPX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Income Fund Class Z (FIJUX) is 1.76%, while Fidelity Flex Freedom Blend 2065 Fund (FDFPX) has a volatility of 4.29%. This indicates that FIJUX experiences smaller price fluctuations and is considered to be less risky than FDFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIJUX	FDFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	4.29%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	4.51%	11.93%	-7.42%
Volatility (1Y) Calculated over the trailing 1-year period	5.05%	13.87%	-8.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	15.31%	-9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	17.21%	-12.12%

FIJUX vs. FDFPX - Expense Ratio Comparison

FIJUX has a 0.42% expense ratio, which is higher than FDFPX's 0.00% expense ratio.

Dividends

FIJUX vs. FDFPX - Dividend Comparison

FIJUX's dividend yield for the trailing twelve months is around 2.89%, less than FDFPX's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FDFPX Fidelity Flex Freedom Blend 2065 Fund	3.79%	2.87%	6.56%	2.22%	5.41%	8.52%	5.38%	3.19%	0.00%
FIJUX Fidelity Advisor Freedom Income Fund Class Z	2.89%	3.22%	3.18%	2.97%	6.07%	5.33%	3.89%	3.82%	3.17%

Frequently Asked Questions

Can I hold both FIJUX and FDFPX in my portfolio?

FIJUX and FDFPX 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, FIJUX or FDFPX?

FDFPX has higher volatility (4.29%) compared to FIJUX (1.76%). In terms of maximum drawdown, FIJUX dropped -15.87% vs FDFPX's -31.22%.

Which has better risk-adjusted returns?

FDFPX currently has the higher Sharpe Ratio (1.80 vs 1.71), 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.