FJLSX vs. FSKAX

Last updated Jun 24, 2026

FJLSX (Fidelity Flex Freedom Blend 2035 Fund) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FJLSX is a Target Retirement Date fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FJLSX returned 9.00%/yr vs 12.40%/yr for FSKAX. Their correlation of 0.94 suggests significant overlap in exposure. FJLSX charges 0.00%/yr vs 0.01%/yr for FSKAX.

Performance

FJLSX vs. FSKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Freedom Blend 2035 Fund (FJLSX) and Fidelity Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FJLSX having a 10.73% return and FSKAX slightly lower at 10.43%.

FJLSX

• 1D: -0.21%
• 1M: 2.33%
• YTD: 10.73%
• 6M: 10.37%
• 1Y: 23.24%
• 3Y*: 18.05%
• 5Y*: 9.00%
• 10Y*: —

FSKAX

• 1D: -0.34%
• 1M: 0.56%
• YTD: 10.43%
• 6M: 9.28%
• 1Y: 25.95%
• 3Y*: 21.24%
• 5Y*: 12.40%
• 10Y*: 15.27%

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

FJLSX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJLSX Fidelity Flex Freedom Blend 2035 Fund	10.73%	18.76%	15.81%	18.20%	-17.92%	14.72%	17.19%	25.04%	-7.75%	9.89%
FSKAX Fidelity Total Market Index Fund	10.43%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-5.32%	10.70%

Correlation

The correlation between FJLSX and FSKAX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.94

The correlation between FJLSX and FSKAX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

FJLSX vs. FSKAX — Risk / Return Rank

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

FJLSX

FJLSX Risk / Return Rank: 76
FJLSX Sharpe Ratio Rank: 76
FJLSX Sortino Ratio Rank: 74
FJLSX Omega Ratio Rank: 76
FJLSX Calmar Ratio Rank: 76
FJLSX Martin Ratio Rank: 80

FSKAX

FSKAX Risk / Return Rank: 64
FSKAX Sharpe Ratio Rank: 61
FSKAX Sortino Ratio Rank: 55
FSKAX Omega Ratio Rank: 56
FSKAX Calmar Ratio Rank: 70
FSKAX Martin Ratio Rank: 78

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.

FJLSX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend 2035 Fund (FJLSX) and Fidelity Total Market Index Fund (FSKAX). 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.

	FJLSX	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.12	+0.22
Sortino ratio: Return per unit of downside risk	3.28	2.87	+0.41
Omega ratio: Gain probability vs. loss probability	1.45	1.38	+0.07
Calmar ratio: Return relative to maximum drawdown	3.26	3.06	+0.21
Martin ratio: Return relative to average drawdown	13.95	13.62	+0.33

FJLSX vs. FSKAX - Sharpe Ratio Comparison

The current FJLSX Sharpe Ratio is 2.34, which is comparable to the FSKAX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FJLSX and FSKAX, 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

FJLSX vs. FSKAX - Drawdown Comparison

The maximum FJLSX drawdown since its inception was -29.14%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FJLSX and FSKAX.

Drawdown Indicators

	FJLSX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.14%	-35.01%	+5.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.40%	-8.92%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-11.63%	-19.43%	+7.80%
Max Drawdown (5Y) Largest decline over 5 years	-25.99%	-25.39%	-0.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.01%	—
Current Drawdown Current decline from peak	-0.21%	-1.47%	+1.26%
Average Drawdown Average peak-to-trough decline	-5.19%	-4.01%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.00%	-0.28%

Volatility

FJLSX vs. FSKAX - Volatility Comparison

The current volatility for Fidelity Flex Freedom Blend 2035 Fund (FJLSX) is 4.23%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.80%. This indicates that FJLSX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJLSX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.80%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.76%	10.10%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	12.91%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.73%	17.50%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.11%	18.50%	-4.39%

FJLSX vs. FSKAX - Expense Ratio Comparison

FJLSX has a 0.00% expense ratio, which is lower than FSKAX's 0.02% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FJLSX vs. FSKAX - Dividend Comparison

FJLSX's dividend yield for the trailing twelve months is around 9.74%, more than FSKAX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJLSX Fidelity Flex Freedom Blend 2035 Fund	9.74%	7.08%	8.84%	2.51%	5.30%	6.04%	5.68%	7.16%	8.02%	3.08%	0.00%	0.00%
FSKAX Fidelity Total Market Index Fund	0.95%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both FJLSX and FSKAX in my portfolio?

With a correlation of 0.93, FJLSX and FSKAX 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, FJLSX or FSKAX?

FSKAX has higher volatility (4.80%) compared to FJLSX (4.23%). In terms of maximum drawdown, FJLSX dropped -29.14% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FJLSX currently has the higher Sharpe Ratio (2.34 vs 2.12), 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.