FRQHX vs. FHPDX

Last updated Jul 16, 2026

FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) and FHPDX (Fidelity Freedom Blend 2010 Fund Class K6) are both Target Retirement Date funds. With a 0.97 correlation, they move nearly in lockstep. FRQHX charges 0.26%/yr vs 0.21%/yr for FHPDX.

Performance

FRQHX vs. FHPDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and Fidelity Freedom Blend 2010 Fund Class K6 (FHPDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRQHX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FHPDX

• 1D: 0.36%
• 1M: -0.71%
• 6M: 3.54%
• YTD: 4.79%
• 1Y: 10.49%
• 3Y*: 8.32%
• 5Y*: 3.45%
• 10Y*: —

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

FRQHX vs. FHPDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.71%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%
FHPDX Fidelity Freedom Blend 2010 Fund Class K6	4.79%	11.22%	5.32%	9.88%	-13.04%	5.31%	10.90%	4.56%

Correlation

The correlation between FRQHX and FHPDX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.97

The correlation between FRQHX and FHPDX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

FRQHX vs. FHPDX — Risk / Return Rank

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

FRQHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FHPDX

FHPDX Risk / Return Rank: 73
FHPDX Sharpe Ratio Rank: 70
FHPDX Sortino Ratio Rank: 71
FHPDX Omega Ratio Rank: 75
FHPDX Calmar Ratio Rank: 71
FHPDX 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.

FRQHX vs. FHPDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and Fidelity Freedom Blend 2010 Fund Class K6 (FHPDX). 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.

	FRQHX	FHPDX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.85	—
Sortino ratio: Return per unit of downside risk	—	2.66	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.59	—
Martin ratio: Return relative to average drawdown	—	10.88	—

Drawdowns

Drawdown Indicators

	FRQHX	FHPDX	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.48%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.48%	—
Current Drawdown Current decline from peak	—	-0.79%	—
Average Drawdown Average peak-to-trough decline	—	-3.73%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	FRQHX	FHPDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.55%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.74%	—

FRQHX vs. FHPDX - Expense Ratio Comparison

FRQHX has a 0.26% expense ratio, which is higher than FHPDX's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FRQHX vs. FHPDX - Dividend Comparison

FRQHX's dividend yield for the trailing twelve months is around 3.25%, more than FHPDX's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FHPDX Fidelity Freedom Blend 2010 Fund Class K6	3.01%	3.16%	2.99%	2.79%	5.75%	6.10%	3.54%	2.44%	2.02%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.25%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%

Frequently Asked Questions

Can I hold both FRQHX and FHPDX in my portfolio?

With a correlation of 0.92, FRQHX and FHPDX 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.