FVTKX vs. FDKLX
FVTKX (Fidelity Freedom 2060 Fund Class K6) and FDKLX (Fidelity Freedom Index 2060 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FVTKX returned 11.25%/yr vs 10.15%/yr for FDKLX. With a 0.99 correlation, they move nearly in lockstep. FVTKX charges 0.50%/yr vs 0.12%/yr for FDKLX.
Performance
FVTKX vs. FDKLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FVTKX achieves a 15.06% return, which is significantly higher than FDKLX's 12.07% return.
FVTKX
- 1D
- 1.48%
- 1M
- 3.39%
- YTD
- 15.06%
- 6M
- 15.09%
- 1Y
- 32.77%
- 3Y*
- 20.37%
- 5Y*
- 11.25%
- 10Y*
- —
FDKLX
- 1D
- 1.21%
- 1M
- 1.94%
- YTD
- 12.07%
- 6M
- 11.94%
- 1Y
- 28.01%
- 3Y*
- 18.23%
- 5Y*
- 10.15%
- 10Y*
- 11.94%
FVTKX vs. FDKLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVTKX Fidelity Freedom 2060 Fund Class K6 | 15.06% | 24.13% | 14.37% | 20.86% | -18.11% | 16.79% | 18.59% | 25.60% | -8.68% | 9.82% |
FDKLX Fidelity Freedom Index 2060 Fund Investor Class | 12.07% | 21.38% | 14.16% | 19.91% | -18.18% | 15.88% | 16.38% | 26.06% | -7.23% | 9.55% |
Correlation
The correlation between FVTKX and FDKLX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.99 |
The correlation between FVTKX and FDKLX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FVTKX vs. FDKLX — Risk / Return Rank
FVTKX
FDKLX
FVTKX vs. FDKLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity Freedom Index 2060 Fund Investor Class (FDKLX). 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.
| FVTKX | FDKLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.04 | +0.29 |
| Martin ratioReturn relative to average drawdown | 14.52 | 13.12 | +1.41 |
Loading charts...
Drawdowns
FVTKX vs. FDKLX - Drawdown Comparison
The maximum FVTKX drawdown since its inception was -30.94%, roughly equal to the maximum FDKLX drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for FVTKX and FDKLX.
Loading charts...
Drawdown Indicators
| FVTKX | FDKLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.94% | -30.73% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -9.11% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -14.73% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -26.19% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.54% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -4.56% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.11% | +0.13% |
Volatility
FVTKX vs. FDKLX - Volatility Comparison
Fidelity Freedom 2060 Fund Class K6 (FVTKX) has a higher volatility of 5.88% compared to Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) at 5.21%. This indicates that FVTKX's price experiences larger fluctuations and is considered to be riskier than FDKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FVTKX | FDKLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 5.21% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 10.48% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.81% | 12.47% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 14.53% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 15.22% | +0.73% |
FVTKX vs. FDKLX - Expense Ratio Comparison
FVTKX has a 0.50% expense ratio, which is higher than FDKLX's 0.12% expense ratio.
Dividends
FVTKX vs. FDKLX - Dividend Comparison
FVTKX's dividend yield for the trailing twelve months is around 4.99%, more than FDKLX's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDKLX Fidelity Freedom Index 2060 Fund Investor Class | 1.69% | 1.95% | 1.94% | 1.89% | 1.99% | 1.86% | 1.79% | 6.74% | 2.33% | 2.12% | 2.41% | 1.82% |
FVTKX Fidelity Freedom 2060 Fund Class K6 | 4.99% | 3.87% | 2.52% | 2.26% | 10.84% | 10.41% | 4.04% | 6.19% | 6.19% | 2.46% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, FVTKX and FDKLX 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.
FVTKX has higher volatility (5.88%) compared to FDKLX (5.21%). In terms of maximum drawdown, FVTKX dropped -30.94% vs FDKLX's -30.73%.
FVTKX currently has the higher Sharpe Ratio (2.36 vs 2.22), 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.
Find the right allocation for FVTKX and FDKLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer