FNSHX vs. FJTKX

Last updated Jun 24, 2026

FNSHX (Fidelity Freedom Income Fund Class K) and FJTKX (Fidelity Freedom 2045 Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FNSHX returned 3.24%/yr vs 10.79%/yr for FJTKX. A 0.74 correlation means they provide meaningful diversification when combined. FNSHX charges 0.42%/yr vs 0.50%/yr for FJTKX.

Performance

FNSHX vs. FJTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Freedom 2045 Fund Class K6 (FJTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNSHX achieves a 4.93% return, which is significantly lower than FJTKX's 14.26% return.

FNSHX

• 1D: -0.17%
• 1M: 1.16%
• YTD: 4.93%
• 6M: 4.87%
• 1Y: 10.66%
• 3Y*: 7.98%
• 5Y*: 3.24%
• 10Y*: —

FJTKX

• 1D: -0.29%
• 1M: 2.95%
• YTD: 14.26%
• 6M: 13.77%
• 1Y: 30.87%
• 3Y*: 20.95%
• 5Y*: 10.79%
• 10Y*: —

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

FNSHX vs. FJTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNSHX Fidelity Freedom Income Fund Class K	4.93%	10.35%	4.40%	8.26%	-11.31%	3.16%	9.01%	10.74%	-1.86%	0.09%
FJTKX Fidelity Freedom 2045 Fund Class K6	14.26%	24.07%	14.38%	20.91%	-18.14%	16.87%	18.54%	25.76%	-8.72%	7.70%

Correlation

The correlation between FNSHX and FJTKX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017	0.74

The correlation between FNSHX and FJTKX shifts across timeframes, from 0.73 (5 years) to 0.85 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FNSHX vs. FJTKX — Risk / Return Rank

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

FNSHX

FNSHX Risk / Return Rank: 72
FNSHX Sharpe Ratio Rank: 69
FNSHX Sortino Ratio Rank: 72
FNSHX Omega Ratio Rank: 76
FNSHX Calmar Ratio Rank: 68
FNSHX Martin Ratio Rank: 73

FJTKX

FJTKX Risk / Return Rank: 78
FJTKX Sharpe Ratio Rank: 78
FJTKX Sortino Ratio Rank: 73
FJTKX Omega Ratio Rank: 74
FJTKX Calmar Ratio Rank: 79
FJTKX Martin Ratio Rank: 84

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.

FNSHX vs. FJTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and Fidelity Freedom 2045 Fund Class K6 (FJTKX). 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.

	FNSHX	FJTKX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.38	-0.15
Sortino ratio: Return per unit of downside risk	3.22	3.24	-0.02
Omega ratio: Gain probability vs. loss probability	1.45	1.44	+0.01
Calmar ratio: Return relative to maximum drawdown	3.03	3.37	-0.34
Martin ratio: Return relative to average drawdown	12.99	14.63	-1.65

FNSHX vs. FJTKX - Sharpe Ratio Comparison

The current FNSHX Sharpe Ratio is 2.23, which is comparable to the FJTKX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of FNSHX and FJTKX, 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

FNSHX vs. FJTKX - Drawdown Comparison

The maximum FNSHX drawdown since its inception was -15.87%, smaller than the maximum FJTKX drawdown of -30.91%. Use the drawdown chart below to compare losses from any high point for FNSHX and FJTKX.

Drawdown Indicators

	FNSHX	FJTKX	Difference
Max Drawdown Largest peak-to-trough decline	-15.87%	-30.91%	+15.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-9.51%	+5.83%
Max Drawdown (3Y) Largest decline over 3 years	-4.89%	-15.32%	+10.43%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-27.18%	+11.31%
Current Drawdown Current decline from peak	-0.17%	-0.29%	+0.12%
Average Drawdown Average peak-to-trough decline	-3.02%	-5.44%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	2.18%	-1.32%

Volatility

FNSHX vs. FJTKX - Volatility Comparison

The current volatility for Fidelity Freedom Income Fund Class K (FNSHX) is 2.23%, while Fidelity Freedom 2045 Fund Class K6 (FJTKX) has a volatility of 5.48%. This indicates that FNSHX experiences smaller price fluctuations and is considered to be less risky than FJTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSHX	FJTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	5.48%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	11.42%	-7.06%
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	13.50%	-8.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	15.17%	-9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.87%	15.94%	-11.07%

FNSHX vs. FJTKX - Expense Ratio Comparison

FNSHX has a 0.42% expense ratio, which is lower than FJTKX's 0.50% expense ratio.

Dividends

FNSHX vs. FJTKX - Dividend Comparison

FNSHX's dividend yield for the trailing twelve months is around 2.97%, less than FJTKX's 5.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJTKX Fidelity Freedom 2045 Fund Class K6	5.95%	4.60%	2.45%	2.12%	12.41%	12.28%	5.27%	6.82%	8.35%	2.90%
FNSHX Fidelity Freedom Income Fund Class K	2.97%	3.21%	3.19%	2.98%	5.94%	6.17%	4.43%	3.74%	5.22%	0.00%

Frequently Asked Questions

Can I hold both FNSHX and FJTKX in my portfolio?

FNSHX and FJTKX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNSHX or FJTKX?

FJTKX has higher volatility (5.48%) compared to FNSHX (2.23%). In terms of maximum drawdown, FNSHX dropped -15.87% vs FJTKX's -30.91%.

Which has better risk-adjusted returns?

FJTKX currently has the higher Sharpe Ratio (2.38 vs 2.23), 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.