FPGLX vs. FHKEX

Last updated Jul 15, 2026

FPGLX (Fidelity Advisor Freedom 2025 Fund Class Z6) and FHKEX (Fidelity Advisor Freedom Blend 2060 Fund Class I) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FPGLX returned 6.15%/yr vs 10.13%/yr for FHKEX. With a 0.97 correlation, they move nearly in lockstep. FPGLX charges 0.44%/yr vs 0.49%/yr for FHKEX.

Performance

FPGLX vs. FHKEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2025 Fund Class Z6 (FPGLX) and Fidelity Advisor Freedom Blend 2060 Fund Class I (FHKEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FPGLX achieves a 6.38% return, which is significantly lower than FHKEX's 12.32% return.

FPGLX

• 1D: -0.92%
• 1M: -0.43%
• 6M: 4.53%
• YTD: 6.38%
• 1Y: 13.78%
• 3Y*: 13.18%
• 5Y*: 6.15%
• 10Y*: —

FHKEX

• 1D: -1.35%
• 1M: -0.18%
• 6M: 9.02%
• YTD: 12.32%
• 1Y: 23.82%
• 3Y*: 18.97%
• 5Y*: 10.13%
• 10Y*: —

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

FPGLX vs. FHKEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FPGLX Fidelity Advisor Freedom 2025 Fund Class Z6	6.38%	16.44%	12.27%	13.69%	-16.47%	10.08%	14.32%	20.49%	-8.15%
FHKEX Fidelity Advisor Freedom Blend 2060 Fund Class I	12.32%	22.58%	16.57%	20.51%	-19.11%	16.30%	17.81%	26.34%	-11.86%

Correlation

The correlation between FPGLX and FHKEX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.97

The correlation between FPGLX and FHKEX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

FPGLX vs. FHKEX — Risk / Return Rank

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

FPGLX

FPGLX Risk / Return Rank: 54
FPGLX Sharpe Ratio Rank: 52
FPGLX Sortino Ratio Rank: 52
FPGLX Omega Ratio Rank: 56
FPGLX Calmar Ratio Rank: 51
FPGLX Martin Ratio Rank: 60

FHKEX

FHKEX Risk / Return Rank: 66
FHKEX Sharpe Ratio Rank: 63
FHKEX Sortino Ratio Rank: 60
FHKEX Omega Ratio Rank: 62
FHKEX Calmar Ratio Rank: 68
FHKEX Martin Ratio Rank: 77

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.

FPGLX vs. FHKEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2025 Fund Class Z6 (FPGLX) and Fidelity Advisor Freedom Blend 2060 Fund Class I (FHKEX). 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.

	FPGLX	FHKEX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.72	-0.12
Sortino ratio: Return per unit of downside risk	2.26	2.38	-0.12
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.01
Calmar ratio: Return relative to maximum drawdown	2.18	2.49	-0.31
Martin ratio: Return relative to average drawdown	9.17	10.68	-1.51

FPGLX vs. FHKEX - Sharpe Ratio Comparison

The current FPGLX Sharpe Ratio is 1.60, which is comparable to the FHKEX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of FPGLX and FHKEX, 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

FPGLX vs. FHKEX - Drawdown Comparison

The maximum FPGLX drawdown since its inception was -23.49%, smaller than the maximum FHKEX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for FPGLX and FHKEX.

Drawdown Indicators

	FPGLX	FHKEX	Difference
Max Drawdown Largest peak-to-trough decline	-23.49%	-31.34%	+7.85%
Max Drawdown (1Y) Largest decline over 1 year	-6.41%	-9.63%	+3.22%
Max Drawdown (3Y) Largest decline over 3 years	-8.64%	-15.54%	+6.90%
Max Drawdown (5Y) Largest decline over 5 years	-23.49%	-27.78%	+4.29%
Current Drawdown Current decline from peak	-1.62%	-2.04%	+0.42%
Average Drawdown Average peak-to-trough decline	-4.59%	-5.85%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	2.24%	-0.72%

Volatility

FPGLX vs. FHKEX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2025 Fund Class Z6 (FPGLX) is 3.39%, while Fidelity Advisor Freedom Blend 2060 Fund Class I (FHKEX) has a volatility of 5.28%. This indicates that FPGLX experiences smaller price fluctuations and is considered to be less risky than FHKEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPGLX	FHKEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	5.28%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	12.00%	-4.39%
Volatility (1Y) Calculated over the trailing 1-year period	8.77%	14.00%	-5.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.17%	15.34%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.52%	16.95%	-6.43%

FPGLX vs. FHKEX - Expense Ratio Comparison

FPGLX has a 0.44% expense ratio, which is lower than FHKEX's 0.49% expense ratio.

Dividends

FPGLX vs. FHKEX - Dividend Comparison

FPGLX's dividend yield for the trailing twelve months is around 8.29%, more than FHKEX's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHKEX Fidelity Advisor Freedom Blend 2060 Fund Class I	3.26%	2.38%	5.19%	1.90%	5.97%	8.03%	4.11%	3.00%	3.43%	0.00%
FPGLX Fidelity Advisor Freedom 2025 Fund Class Z6	8.29%	8.20%	7.99%	2.43%	9.35%	9.53%	6.46%	6.91%	10.08%	2.56%

Frequently Asked Questions

Can I hold both FPGLX and FHKEX in my portfolio?

With a correlation of 0.97, FPGLX and FHKEX 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, FPGLX or FHKEX?

FHKEX has higher volatility (5.28%) compared to FPGLX (3.39%). In terms of maximum drawdown, FPGLX dropped -23.49% vs FHKEX's -31.34%.

Which has better risk-adjusted returns?

FHKEX currently has the higher Sharpe Ratio (1.72 vs 1.60), 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.