FYLSX vs. FYTKX

Last updated Jun 4, 2026

FYLSX (Fidelity Flex Freedom Blend 2050 Fund) and FYTKX (Fidelity Freedom Income Fund Class K6) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FYLSX returned 11.33%/yr vs 3.46%/yr for FYTKX. A 0.74 correlation means they provide meaningful diversification when combined. FYLSX charges 0.00%/yr vs 0.37%/yr for FYTKX.

Performance

FYLSX vs. FYTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Freedom Blend 2050 Fund (FYLSX) and Fidelity Freedom Income Fund Class K6 (FYTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FYLSX achieves a 13.89% return, which is significantly higher than FYTKX's 5.05% return.

FYLSX

• 1D: 0.66%
• 1M: 5.39%
• YTD: 13.89%
• 6M: 15.48%
• 1Y: 30.98%
• 3Y*: 22.03%
• 5Y*: 11.33%
• 10Y*: —

FYTKX

• 1D: 0.26%
• 1M: 1.73%
• YTD: 5.05%
• 6M: 5.40%
• 1Y: 11.76%
• 3Y*: 8.33%
• 5Y*: 3.46%
• 10Y*: —

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

FYLSX vs. FYTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYLSX Fidelity Flex Freedom Blend 2050 Fund	13.89%	22.85%	18.32%	21.03%	-18.70%	16.96%	18.37%	25.95%	-8.32%	10.11%
FYTKX Fidelity Freedom Income Fund Class K6	5.05%	10.61%	4.60%	8.42%	-11.23%	3.25%	9.07%	10.71%	-1.84%	3.46%

Correlation

The correlation between FYLSX and FYTKX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.74

The correlation between FYLSX and FYTKX shifts across timeframes, from 0.74 (5 years) to 0.85 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FYLSX vs. FYTKX — Risk / Return Rank

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

FYLSX

FYLSX Risk / Return Rank: 73
FYLSX Sharpe Ratio Rank: 76
FYLSX Sortino Ratio Rank: 69
FYLSX Omega Ratio Rank: 70
FYLSX Calmar Ratio Rank: 73
FYLSX Martin Ratio Rank: 78

FYTKX

FYTKX Risk / Return Rank: 78
FYTKX Sharpe Ratio Rank: 81
FYTKX Sortino Ratio Rank: 81
FYTKX Omega Ratio Rank: 83
FYTKX Calmar Ratio Rank: 71
FYTKX Martin Ratio Rank: 76

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.

FYLSX vs. FYTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend 2050 Fund (FYLSX) and Fidelity Freedom Income Fund Class K6 (FYTKX). 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.

	FYLSX	FYTKX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.63	-0.10
Sortino ratio: Return per unit of downside risk	3.48	3.82	-0.34
Omega ratio: Gain probability vs. loss probability	1.47	1.55	-0.08
Calmar ratio: Return relative to maximum drawdown	3.33	3.26	+0.07
Martin ratio: Return relative to average drawdown	14.71	14.40	+0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYLSX vs. FYTKX - Sharpe Ratio Comparison

The current FYLSX Sharpe Ratio is 2.53, which is comparable to the FYTKX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of FYLSX and FYTKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FYLSX	FYTKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.63	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.65	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.95	-0.17

Drawdowns

FYLSX vs. FYTKX - Drawdown Comparison

The maximum FYLSX drawdown since its inception was -31.26%, which is greater than FYTKX's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for FYLSX and FYTKX.

Drawdown Indicators

	FYLSX	FYTKX	Difference
Max Drawdown Largest peak-to-trough decline	-31.26%	-15.80%	-15.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.47%	-3.67%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	-15.38%	-4.85%	-10.53%
Max Drawdown (5Y) Largest decline over 5 years	-27.51%	-15.80%	-11.71%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.45%	-2.88%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	0.83%	+1.31%

Volatility

FYLSX vs. FYTKX - Volatility Comparison

Fidelity Flex Freedom Blend 2050 Fund (FYLSX) has a higher volatility of 4.09% compared to Fidelity Freedom Income Fund Class K6 (FYTKX) at 1.86%. This indicates that FYLSX's price experiences larger fluctuations and is considered to be riskier than FYTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYLSX	FYTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	1.86%	+2.23%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	3.85%	+6.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	4.54%	+7.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	5.34%	+9.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	4.76%	+11.29%

FYLSX vs. FYTKX - Expense Ratio Comparison

FYLSX has a 0.00% expense ratio, which is lower than FYTKX's 0.37% expense ratio.

Dividends

FYLSX vs. FYTKX - Dividend Comparison

FYLSX's dividend yield for the trailing twelve months is around 6.56%, more than FYTKX's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYLSX Fidelity Flex Freedom Blend 2050 Fund	6.56%	3.62%	7.86%	2.22%	5.82%	6.93%	5.73%	7.01%	8.17%	3.09%
FYTKX Fidelity Freedom Income Fund Class K6	3.20%	3.53%	3.38%	3.13%	6.05%	6.26%	4.48%	3.80%	5.33%	2.65%

Frequently Asked Questions

Can I hold both FYLSX and FYTKX in my portfolio?

FYLSX and FYTKX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FYLSX or FYTKX?

FYLSX has higher volatility (4.09%) compared to FYTKX (1.86%). In terms of maximum drawdown, FYLSX dropped -31.26% vs FYTKX's -15.80%.

Which has better risk-adjusted returns?

FYTKX currently has the higher Sharpe Ratio (2.63 vs 2.53), 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.