FTLSX vs. FAFAX
FTLSX (Fidelity Flex Freedom Blend Income Fund) and FAFAX (Fidelity Advisor Freedom Income Fund Class A) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FTLSX returned 3.00%/yr vs 2.39%/yr for FAFAX. Their 0.96 correlation means they have historically moved very closely together. FTLSX charges 0.00%/yr vs 0.72%/yr for FAFAX.
Performance
FTLSX vs. FAFAX - Performance Comparison
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Returns By Period
In the year-to-date period, FTLSX achieves a 4.00% return, which is significantly higher than FAFAX's 3.37% return.
FTLSX
- 1D
- 0.77%
- 1M
- -0.67%
- 6M
- 2.59%
- YTD
- 4.00%
- 1Y
- 8.24%
- 3Y*
- 7.45%
- 5Y*
- 3.00%
- 10Y*
- —
- ALL TIME*
- 4.37%
FAFAX
- 1D
- 0.73%
- 1M
- -0.72%
- 6M
- 2.04%
- YTD
- 3.37%
- 1Y
- 7.09%
- 3Y*
- 6.74%
- 5Y*
- 2.39%
- 10Y*
- 3.85%
- ALL TIME*
- 3.61%
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 |
FTLSX vs. FAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTLSX Fidelity Flex Freedom Blend Income Fund | 4.00% | 10.31% | 4.72% | 8.60% | -11.33% | 3.30% | 9.04% | 10.97% | -1.40% | 3.61% |
FAFAX Fidelity Advisor Freedom Income Fund Class A | 3.37% | 9.76% | 4.04% | 7.83% | -11.67% | 2.92% | 8.46% | 10.85% | -2.03% | 2.51% |
Correlation
The correlation between FTLSX and FAFAX is 0.97 - 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. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.96 |
The correlation between FTLSX and FAFAX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
FTLSX vs. FAFAX — Risk / Return Rank
FTLSX
FAFAX
FTLSX vs. FAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend Income Fund (FTLSX) and Fidelity Advisor Freedom Income Fund Class A (FAFAX). 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.
| FTLSX | FAFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.97 | +0.35 |
| Martin ratioReturn relative to average drawdown | 9.38 | 7.91 | +1.47 |
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Drawdowns
FTLSX vs. FAFAX - Drawdown Comparison
The maximum FTLSX drawdown since its inception was -15.74%, smaller than the maximum FAFAX drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for FTLSX and FAFAX.
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Drawdown Indicators
| FTLSX | FAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.74% | -19.07% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -3.73% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -4.10% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -16.11% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.26% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -2.16% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.93% | -0.03% |
Volatility
FTLSX vs. FAFAX - Volatility Comparison
Fidelity Flex Freedom Blend Income Fund (FTLSX) and Fidelity Advisor Freedom Income Fund Class A (FAFAX) have volatilities of 1.72% and 1.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTLSX | FAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.64% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.55% | 4.57% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.17% | 5.18% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 5.48% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.69% | +0.14% |
FTLSX vs. FAFAX - Expense Ratio Comparison
FTLSX has a 0.00% expense ratio, which is lower than FAFAX's 0.72% expense ratio.
Dividends
FTLSX vs. FAFAX - Dividend Comparison
FTLSX's dividend yield for the trailing twelve months is around 3.39%, more than FAFAX's 2.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFAX Fidelity Advisor Freedom Income Fund Class A | 2.35% | 2.93% | 2.88% | 2.66% | 5.70% | 5.06% | 3.60% | 3.52% | 5.39% | 3.13% | 2.86% | 2.82% |
FTLSX Fidelity Flex Freedom Blend Income Fund | 3.05% | 3.68% | 3.37% | 3.19% | 5.28% | 4.91% | 3.06% | 4.44% | 4.26% | 1.97% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, FTLSX and FAFAX 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.
FTLSX has higher volatility (1.72%) compared to FAFAX (1.64%). In terms of maximum drawdown, FTLSX dropped -15.74% vs FAFAX's -19.07%.
FTLSX currently has the higher Sharpe Ratio (1.64 vs 1.42), 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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