FNSHX vs. LPWRX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom Income Fund Class K (FNSHX) and BlackRock LifePath Dynamic 2065 Fund (LPWRX).

FNSHX is managed by Fidelity. It was launched on Jul 20, 2017. LPWRX is managed by BlackRock. It was launched on Oct 29, 2019.

Performance

FNSHX vs. LPWRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Income Fund Class K (FNSHX) and BlackRock LifePath Dynamic 2065 Fund (LPWRX). The values are adjusted to include any dividend payments, if applicable.

FNSHX vs. LPWRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNSHX Fidelity Freedom Income Fund Class K	0.45%	10.35%	4.40%	8.26%	-11.31%	3.16%	9.01%	1.67%
LPWRX BlackRock LifePath Dynamic 2065 Fund	-1.12%	20.43%	8.99%	22.14%	-18.94%	17.84%	13.47%	5.28%

Returns By Period

In the year-to-date period, FNSHX achieves a 0.45% return, which is significantly higher than LPWRX's -1.12% return.

FNSHX

• 1D: 0.98%
• 1M: -2.22%
• YTD: 0.45%
• 6M: 1.62%
• 1Y: 8.22%
• 3Y*: 6.53%
• 5Y*: 2.75%
• 10Y*: —

LPWRX

• 1D: 3.50%
• 1M: -5.69%
• YTD: -1.12%
• 6M: 0.85%
• 1Y: 20.39%
• 3Y*: 13.94%
• 5Y*: 7.24%
• 10Y*: —

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

FNSHX vs. LPWRX - Expense Ratio Comparison

FNSHX has a 0.42% expense ratio, which is lower than LPWRX's 0.93% expense ratio.

LPWRX

BlackRock LifePath Dynamic 2065 Fund

FNSHX

Fidelity Freedom Income Fund Class K

Return for Risk

FNSHX vs. LPWRX — Risk / Return Rank

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

FNSHX

FNSHX Risk / Return Rank: 87
FNSHX Sharpe Ratio Rank: 87
FNSHX Sortino Ratio Rank: 88
FNSHX Omega Ratio Rank: 84
FNSHX Calmar Ratio Rank: 87
FNSHX Martin Ratio Rank: 88

LPWRX

LPWRX Risk / Return Rank: 58
LPWRX Sharpe Ratio Rank: 51
LPWRX Sortino Ratio Rank: 54
LPWRX Omega Ratio Rank: 53
LPWRX Calmar Ratio Rank: 62
LPWRX Martin Ratio Rank: 70

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. LPWRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K (FNSHX) and BlackRock LifePath Dynamic 2065 Fund (LPWRX). 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.

	FNSHX	LPWRX	Difference
Sharpe ratio Return per unit of total volatility	1.76	1.10	+0.66
Sortino ratio Return per unit of downside risk	2.46	1.64	+0.82
Omega ratio Gain probability vs. loss probability	1.35	1.24	+0.11
Calmar ratio Return relative to maximum drawdown	2.34	1.71	+0.63
Martin ratio Return relative to average drawdown	9.69	7.82	+1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNSHX vs. LPWRX - Sharpe Ratio Comparison

The current FNSHX Sharpe Ratio is 1.76, which is higher than the LPWRX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of FNSHX and LPWRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FNSHX	LPWRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.10	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.43	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.52	+0.23

Correlation

The correlation between FNSHX and LPWRX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FNSHX vs. LPWRX - Dividend Comparison

FNSHX's dividend yield for the trailing twelve months is around 3.26%, more than LPWRX's 2.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FNSHX Fidelity Freedom Income Fund Class K	3.26%	3.21%	3.19%	2.98%	5.94%	6.17%	4.43%	3.74%	5.22%
LPWRX BlackRock LifePath Dynamic 2065 Fund	2.29%	2.26%	1.00%	2.07%	2.35%	9.34%	1.00%	0.55%	0.00%

Drawdowns

FNSHX vs. LPWRX - Drawdown Comparison

The maximum FNSHX drawdown since its inception was -15.87%, smaller than the maximum LPWRX drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for FNSHX and LPWRX.

Drawdown Indicators

	FNSHX	LPWRX	Difference
Max Drawdown Largest peak-to-trough decline	-15.87%	-33.27%	+17.40%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-12.27%	+8.59%
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	-27.28%	+11.41%
Current Drawdown Current decline from peak	-2.56%	-6.92%	+4.36%
Average Drawdown Average peak-to-trough decline	-3.09%	-6.58%	+3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	2.68%	-1.79%

Volatility

FNSHX vs. LPWRX - Volatility Comparison

The current volatility for Fidelity Freedom Income Fund Class K (FNSHX) is 2.45%, while BlackRock LifePath Dynamic 2065 Fund (LPWRX) has a volatility of 7.33%. This indicates that FNSHX experiences smaller price fluctuations and is considered to be less risky than LPWRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSHX	LPWRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	7.33%	-4.88%
Volatility (6M) Calculated over the trailing 6-month period	3.30%	11.29%	-7.99%
Volatility (1Y) Calculated over the trailing 1-year period	4.89%	18.93%	-14.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.27%	16.87%	-11.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.81%	18.67%	-13.86%