FJAWX vs. FWLSX

Last updated Aug 1, 2026

FJAWX (Fidelity Advisor Freedom Blend 2010 Fund Class I) and FWLSX (Fidelity Flex Freedom Blend 2060 Fund) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FJAWX returned 3.01%/yr vs 10.71%/yr for FWLSX. Their correlation of 0.87 means they have usually moved in the same direction. FJAWX charges 0.41%/yr vs 0.00%/yr for FWLSX.

Performance

FJAWX vs. FWLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2010 Fund Class I (FJAWX) and Fidelity Flex Freedom Blend 2060 Fund (FWLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJAWX achieves a 4.25% return, which is significantly lower than FWLSX's 12.35% return.

FJAWX

• 1D: 0.81%
• 1M: -0.62%
• 6M: 2.72%
• YTD: 4.25%
• 1Y: 8.87%
• 3Y*: 7.83%
• 5Y*: 3.01%
• 10Y*: —
• ALL TIME*: 4.93%

FWLSX

• 1D: 2.33%
• 1M: -1.01%
• 6M: 8.41%
• YTD: 12.35%
• 1Y: 24.74%
• 3Y*: 19.00%
• 5Y*: 10.71%
• 10Y*: —
• ALL TIME*: 12.05%

*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)
FJAWX Fidelity Advisor Freedom Blend 2010 Fund Class I	$0.00	$0.00	$0.00
FWLSX Fidelity Flex Freedom Blend 2060 Fund	$0.00	$0.00	$0.00

FJAWX vs. FWLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJAWX Fidelity Advisor Freedom Blend 2010 Fund Class I	4.25%	11.06%	5.02%	9.70%	-13.63%	5.15%	10.67%	14.37%	-4.56%
FWLSX Fidelity Flex Freedom Blend 2060 Fund	12.35%	22.76%	17.95%	21.00%	-18.55%	16.88%	18.48%	25.96%	-12.49%

Correlation

The correlation between FJAWX and FWLSX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.87

The correlation between FJAWX and FWLSX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

FJAWX vs. FWLSX — Risk / Return Rank

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

FJAWX

FJAWX Risk / Return Rank: 64
FJAWX Sharpe Ratio Rank: 62
FJAWX Sortino Ratio Rank: 63
FJAWX Omega Ratio Rank: 67
FJAWX Calmar Ratio Rank: 61
FJAWX Martin Ratio Rank: 70

FWLSX

FWLSX Risk / Return Rank: 72
FWLSX Sharpe Ratio Rank: 69
FWLSX Sortino Ratio Rank: 67
FWLSX Omega Ratio Rank: 68
FWLSX Calmar Ratio Rank: 75
FWLSX Martin Ratio Rank: 83

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.

FJAWX vs. FWLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2010 Fund Class I (FJAWX) and Fidelity Flex Freedom Blend 2060 Fund (FWLSX). 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.

	FJAWX	FWLSX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.62	-0.03
Sortino ratio: Return per unit of downside risk	2.30	2.28	+0.02
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.19	2.42	-0.23
Martin ratio: Return relative to average drawdown	9.05	10.11	-1.06

FJAWX vs. FWLSX - Sharpe Ratio Comparison

The current FJAWX Sharpe Ratio is 1.59, which is comparable to the FWLSX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FJAWX and FWLSX, 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

FJAWX vs. FWLSX - Drawdown Comparison

The maximum FJAWX drawdown since its inception was -18.64%, smaller than the maximum FWLSX drawdown of -31.32%. Use the drawdown chart below to compare losses from any high point for FJAWX and FWLSX.

Drawdown Indicators

	FJAWX	FWLSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-31.32%	+12.68%
Max Drawdown (1Y) Largest decline over 1 year	-4.06%	-9.49%	+5.43%
Max Drawdown (3Y) Largest decline over 3 years	-4.80%	-15.38%	+10.58%
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	-27.40%	+8.76%
Current Drawdown Current decline from peak	-1.15%	-2.17%	+1.02%
Average Drawdown Average peak-to-trough decline	-3.90%	-5.36%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	2.27%	-1.29%

Volatility

FJAWX vs. FWLSX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Blend 2010 Fund Class I (FJAWX) is 1.79%, while Fidelity Flex Freedom Blend 2060 Fund (FWLSX) has a volatility of 4.39%. This indicates that FJAWX experiences smaller price fluctuations and is considered to be less risky than FWLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJAWX	FWLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	4.39%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	4.93%	12.17%	-7.24%
Volatility (1Y) Calculated over the trailing 1-year period	5.61%	14.21%	-8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.52%	15.36%	-8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.72%	16.10%	-9.38%

FJAWX vs. FWLSX - Expense Ratio Comparison

FJAWX has a 0.41% expense ratio, which is higher than FWLSX's 0.00% expense ratio.

Dividends

FJAWX vs. FWLSX - Dividend Comparison

FJAWX's dividend yield for the trailing twelve months is around 2.64%, less than FWLSX's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJAWX Fidelity Advisor Freedom Blend 2010 Fund Class I	2.64%	2.89%	2.79%	2.61%	5.02%	6.13%	3.41%	2.35%	1.96%	0.00%
FWLSX Fidelity Flex Freedom Blend 2060 Fund	4.08%	3.14%	7.07%	2.36%	5.59%	9.05%	5.80%	7.02%	8.16%	3.09%

Frequently Asked Questions

Can I hold both FJAWX and FWLSX in my portfolio?

With a correlation of 0.91, FJAWX and FWLSX 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, FJAWX or FWLSX?

FWLSX has higher volatility (4.39%) compared to FJAWX (1.79%). In terms of maximum drawdown, FJAWX dropped -18.64% vs FWLSX's -31.32%.

Which has better risk-adjusted returns?

FWLSX currently has the higher Sharpe Ratio (1.62 vs 1.59), 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.