FJAYX vs. FCQTX

Last updated Jun 23, 2026

FJAYX (Fidelity Advisor Freedom Blend 2010 Fund Class C) and FCQTX (American Funds 2065 Target Date Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, FJAYX returned 2.50%/yr vs 10.31%/yr for FCQTX. Their correlation of 0.83 suggests significant overlap in exposure. FJAYX charges 1.41%/yr vs 0.01%/yr for FCQTX.

Performance

FJAYX vs. FCQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2010 Fund Class C (FJAYX) and American Funds 2065 Target Date Retirement Fund (FCQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJAYX achieves a 4.90% return, which is significantly lower than FCQTX's 11.20% return.

FJAYX

• 1D: 0.63%
• 1M: 1.27%
• YTD: 4.90%
• 6M: 5.01%
• 1Y: 11.07%
• 3Y*: 7.45%
• 5Y*: 2.50%
• 10Y*: —

FCQTX

• 1D: 1.17%
• 1M: 2.47%
• YTD: 11.20%
• 6M: 11.13%
• 1Y: 26.11%
• 3Y*: 18.88%
• 5Y*: 10.31%
• 10Y*: —

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

FJAYX vs. FCQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FJAYX Fidelity Advisor Freedom Blend 2010 Fund Class C	4.90%	10.01%	4.00%	8.52%	-14.40%	4.11%	18.61%
FCQTX American Funds 2065 Target Date Retirement Fund	11.20%	20.74%	15.64%	21.56%	-19.63%	17.34%	47.06%

Correlation

The correlation between FJAYX and FCQTX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 27, 2020	0.83

The correlation between FJAYX and FCQTX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

FJAYX vs. FCQTX — Risk / Return Rank

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

FJAYX

FJAYX Risk / Return Rank: 60
FJAYX Sharpe Ratio Rank: 56
FJAYX Sortino Ratio Rank: 58
FJAYX Omega Ratio Rank: 66
FJAYX Calmar Ratio Rank: 55
FJAYX Martin Ratio Rank: 62

FCQTX

FCQTX Risk / Return Rank: 55
FCQTX Sharpe Ratio Rank: 55
FCQTX Sortino Ratio Rank: 52
FCQTX Omega Ratio Rank: 55
FCQTX Calmar Ratio Rank: 52
FCQTX Martin Ratio Rank: 64

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.

FJAYX vs. FCQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2010 Fund Class C (FJAYX) and American Funds 2065 Target Date Retirement Fund (FCQTX). 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.

	FJAYX	FCQTX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.01	+0.02
Sortino ratio: Return per unit of downside risk	2.93	2.79	+0.14
Omega ratio: Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	2.74	2.63	+0.11
Martin ratio: Return relative to average drawdown	11.50	11.68	-0.18

FJAYX vs. FCQTX - Sharpe Ratio Comparison

The current FJAYX Sharpe Ratio is 2.03, which is comparable to the FCQTX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of FJAYX and FCQTX, 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

FJAYX vs. FCQTX - Drawdown Comparison

The maximum FJAYX drawdown since its inception was -19.48%, smaller than the maximum FCQTX drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for FJAYX and FCQTX.

Drawdown Indicators

	FJAYX	FCQTX	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-27.34%	+7.86%
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	-9.83%	+5.80%
Max Drawdown (3Y) Largest decline over 3 years	-6.07%	-15.53%	+9.46%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-27.34%	+7.86%
Current Drawdown Current decline from peak	0.00%	-0.04%	+0.04%
Average Drawdown Average peak-to-trough decline	-4.66%	-5.85%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	2.21%	-1.25%

Volatility

FJAYX vs. FCQTX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Blend 2010 Fund Class C (FJAYX) is 2.51%, while American Funds 2065 Target Date Retirement Fund (FCQTX) has a volatility of 5.24%. This indicates that FJAYX experiences smaller price fluctuations and is considered to be less risky than FCQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJAYX	FCQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	5.24%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	4.70%	10.65%	-5.95%
Volatility (1Y) Calculated over the trailing 1-year period	5.42%	12.85%	-7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.51%	14.86%	-8.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	15.12%	-8.39%

FJAYX vs. FCQTX - Expense Ratio Comparison

FJAYX has a 1.41% expense ratio, which is higher than FCQTX's 0.01% expense ratio.

Dividends

FJAYX vs. FCQTX - Dividend Comparison

FJAYX's dividend yield for the trailing twelve months is around 1.90%, less than FCQTX's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FCQTX American Funds 2065 Target Date Retirement Fund	4.20%	4.67%	2.80%	1.99%	3.96%	1.54%	0.72%	0.00%	0.00%
FJAYX Fidelity Advisor Freedom Blend 2010 Fund Class C	1.90%	2.03%	1.68%	1.76%	4.19%	5.41%	2.72%	1.60%	1.61%

Frequently Asked Questions

Can I hold both FJAYX and FCQTX in my portfolio?

FJAYX and FCQTX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJAYX or FCQTX?

FCQTX has higher volatility (5.24%) compared to FJAYX (2.51%). In terms of maximum drawdown, FJAYX dropped -19.48% vs FCQTX's -27.34%.

Which has better risk-adjusted returns?

FJAYX currently has the higher Sharpe Ratio (2.03 vs 2.01), 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.