FJAYX vs. FFGZX

Last updated Jun 6, 2026

FJAYX (Fidelity Advisor Freedom Blend 2010 Fund Class C) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FJAYX returned 2.34%/yr vs 3.16%/yr for FFGZX. Their correlation of 0.91 suggests significant overlap in exposure. FJAYX charges 1.41%/yr vs 0.08%/yr for FFGZX.

Performance

FJAYX vs. FFGZX - 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 Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJAYX achieves a 4.71% return, which is significantly higher than FFGZX's 4.03% return.

FJAYX

• 1D: 0.09%
• 1M: 0.54%
• YTD: 4.71%
• 6M: 5.02%
• 1Y: 11.20%
• 3Y*: 7.73%
• 5Y*: 2.34%
• 10Y*: —

FFGZX

• 1D: 0.08%
• 1M: 0.55%
• YTD: 4.03%
• 6M: 4.26%
• 1Y: 10.16%
• 3Y*: 7.60%
• 5Y*: 3.16%
• 10Y*: 4.24%

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

FJAYX vs. FFGZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJAYX Fidelity Advisor Freedom Blend 2010 Fund Class C	4.71%	10.01%	4.00%	8.52%	-14.40%	4.11%	9.51%	13.21%	-4.88%
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	4.03%	9.13%	5.02%	8.32%	-11.07%	2.85%	8.59%	10.68%	-1.96%

Correlation

The correlation between FJAYX and FFGZX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.91

The correlation between FJAYX and FFGZX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

FJAYX vs. FFGZX — Risk / Return Rank

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

FJAYX

FJAYX Risk / Return Rank: 59
FJAYX Sharpe Ratio Rank: 57
FJAYX Sortino Ratio Rank: 61
FJAYX Omega Ratio Rank: 64
FJAYX Calmar Ratio Rank: 53
FJAYX Martin Ratio Rank: 60

FFGZX

FFGZX Risk / Return Rank: 74
FFGZX Sharpe Ratio Rank: 76
FFGZX Sortino Ratio Rank: 79
FFGZX Omega Ratio Rank: 78
FFGZX Calmar Ratio Rank: 63
FFGZX Martin Ratio Rank: 73

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. FFGZX - 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 Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.

	FJAYX	FFGZX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.46	-0.29
Sortino ratio: Return per unit of downside risk	3.19	3.69	-0.50
Omega ratio: Gain probability vs. loss probability	1.43	1.50	-0.07
Calmar ratio: Return relative to maximum drawdown	2.69	2.96	-0.28
Martin ratio: Return relative to average drawdown	11.54	13.26	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJAYX vs. FFGZX - Sharpe Ratio Comparison

The current FJAYX Sharpe Ratio is 2.17, which is comparable to the FFGZX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of FJAYX and FFGZX, 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

	FJAYX	FFGZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.46	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.62	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.93	-0.31

Drawdowns

FJAYX vs. FFGZX - Drawdown Comparison

The maximum FJAYX drawdown since its inception was -19.48%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FJAYX and FFGZX.

Drawdown Indicators

	FJAYX	FFGZX	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-14.94%	-4.54%
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	-3.33%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-6.07%	-4.76%	-1.31%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-14.94%	-4.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.94%	—
Current Drawdown Current decline from peak	-0.18%	-0.23%	+0.05%
Average Drawdown Average peak-to-trough decline	-4.69%	-2.26%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.74%	+0.20%

Volatility

FJAYX vs. FFGZX - Volatility Comparison

Fidelity Advisor Freedom Blend 2010 Fund Class C (FJAYX) has a higher volatility of 1.95% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.51%. This indicates that FJAYX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJAYX	FFGZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	1.51%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	4.19%	3.34%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	5.00%	4.02%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.43%	5.08%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.70%	4.43%	+2.27%

FJAYX vs. FFGZX - Expense Ratio Comparison

FJAYX has a 1.41% expense ratio, which is higher than FFGZX's 0.08% expense ratio.

Dividends

FJAYX vs. FFGZX - Dividend Comparison

FJAYX's dividend yield for the trailing twelve months is around 1.91%, less than FFGZX's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class	3.03%	3.30%	3.18%	2.88%	3.11%	2.10%	2.22%	7.35%	3.00%	1.95%	1.56%	1.06%
FJAYX Fidelity Advisor Freedom Blend 2010 Fund Class C	1.91%	2.03%	1.68%	1.76%	4.19%	5.41%	2.72%	1.60%	1.61%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FJAYX and FFGZX in my portfolio?

With a correlation of 0.96, FJAYX and FFGZX 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, FJAYX or FFGZX?

FJAYX has higher volatility (1.95%) compared to FFGZX (1.51%). In terms of maximum drawdown, FJAYX dropped -19.48% vs FFGZX's -14.94%.

Which has better risk-adjusted returns?

FFGZX currently has the higher Sharpe Ratio (2.46 vs 2.17), 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.