FRBHX vs. FFIJX
FRBHX (Fidelity Freedom® 2070 Fund Class K6) and FFIJX (Fidelity Freedom Index 2065 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Both are actively managed. Over the past year, FRBHX returned 24.74% vs 22.04% for FFIJX. Their 0.97 correlation means they have historically moved very closely together. FRBHX charges 0.45%/yr vs 0.12%/yr for FFIJX.
Performance
FRBHX vs. FFIJX - Performance Comparison
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Returns By Period
In the year-to-date period, FRBHX achieves a 12.11% return, which is significantly higher than FFIJX's 10.42% return.
FRBHX
- 1D
- 2.27%
- 1M
- -1.17%
- 6M
- 8.00%
- YTD
- 12.11%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.11%
FFIJX
- 1D
- 2.01%
- 1M
- -0.46%
- 6M
- 7.35%
- YTD
- 10.42%
- 1Y
- 22.04%
- 3Y*
- 16.50%
- 5Y*
- 9.28%
- 10Y*
- —
- ALL TIME*
- 11.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FRBHX vs. FFIJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FRBHX Fidelity Freedom® 2070 Fund Class K6 | 12.11% | 23.65% | 3.64% |
FFIJX Fidelity Freedom Index 2065 Fund Investor Class | 10.42% | 21.45% | 4.13% |
Correlation
The correlation between FRBHX and FFIJX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2024 | 0.97 |
The correlation between FRBHX and FFIJX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
FRBHX vs. FFIJX — Risk / Return Rank
FRBHX
FFIJX
FRBHX vs. FFIJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom® 2070 Fund Class K6 (FRBHX) and Fidelity Freedom Index 2065 Fund Investor Class (FFIJX). 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.
| FRBHX | FFIJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.25 | +0.12 |
| Martin ratioReturn relative to average drawdown | 9.85 | 9.32 | +0.53 |
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Drawdowns
FRBHX vs. FFIJX - Drawdown Comparison
The maximum FRBHX drawdown since its inception was -15.29%, smaller than the maximum FFIJX drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for FRBHX and FFIJX.
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Drawdown Indicators
| FRBHX | FFIJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.29% | -30.68% | +15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -9.08% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -2.53% | -1.93% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -5.39% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.19% | +0.15% |
Volatility
FRBHX vs. FFIJX - Volatility Comparison
Fidelity Freedom® 2070 Fund Class K6 (FRBHX) has a higher volatility of 4.41% compared to Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) at 3.85%. This indicates that FRBHX's price experiences larger fluctuations and is considered to be riskier than FFIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRBHX | FFIJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.85% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 10.97% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 13.01% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 14.59% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 16.77% | -0.73% |
FRBHX vs. FFIJX - Expense Ratio Comparison
FRBHX has a 0.45% expense ratio, which is higher than FFIJX's 0.12% expense ratio.
Dividends
FRBHX vs. FFIJX - Dividend Comparison
FRBHX's dividend yield for the trailing twelve months is around 4.26%, more than FFIJX's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FFIJX Fidelity Freedom Index 2065 Fund Investor Class | 1.68% | 1.90% | 1.88% | 1.87% | 1.96% | 1.73% | 1.78% | 2.04% |
FRBHX Fidelity Freedom® 2070 Fund Class K6 | 4.26% | 2.53% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, FRBHX and FFIJX 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.
FRBHX has higher volatility (4.41%) compared to FFIJX (3.85%). In terms of maximum drawdown, FRBHX dropped -15.29% vs FFIJX's -30.68%.
FRBHX currently has the higher Sharpe Ratio (1.60 vs 1.57), 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.
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