JAKSX vs. FATKX
JAKSX (JPMorgan SmartRetirement 2060 Fund) and FATKX (Fidelity Freedom 2020 Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, JAKSX returned 8.51%/yr vs 5.68%/yr for FATKX. Their correlation of 0.93 means they have usually moved in the same direction. JAKSX charges 0.26%/yr vs 0.42%/yr for FATKX.
Performance
JAKSX vs. FATKX - Performance Comparison
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Returns By Period
In the year-to-date period, JAKSX achieves a 9.08% return, which is significantly higher than FATKX's 6.10% return.
JAKSX
- 1D
- 0.36%
- 1M
- -0.21%
- 6M
- 5.85%
- YTD
- 9.08%
- 1Y
- 18.55%
- 3Y*
- 15.28%
- 5Y*
- 8.51%
- 10Y*
- —
- ALL TIME*
- 10.74%
FATKX
- 1D
- 0.13%
- 1M
- -0.76%
- 6M
- 3.85%
- YTD
- 6.10%
- 1Y
- 12.89%
- 3Y*
- 12.35%
- 5Y*
- 5.68%
- 10Y*
- —
- ALL TIME*
- 7.45%
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 |
JAKSX vs. FATKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAKSX JPMorgan SmartRetirement 2060 Fund | 9.08% | 17.84% | 12.40% | 22.14% | -18.38% | 17.47% | 15.22% | 24.77% | -9.72% | 10.10% |
FATKX Fidelity Freedom 2020 Fund Class K6 | 6.10% | 15.14% | 11.68% | 13.16% | -15.93% | 9.13% | 13.79% | 18.14% | -5.20% | 6.72% |
Correlation
The correlation between JAKSX and FATKX is 0.95 - 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.93 |
The correlation between JAKSX and FATKX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
JAKSX vs. FATKX — Risk / Return Rank
JAKSX
FATKX
JAKSX vs. FATKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2060 Fund (JAKSX) and Fidelity Freedom 2020 Fund Class K6 (FATKX). 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.
| JAKSX | FATKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.35 | -0.44 |
| Martin ratioReturn relative to average drawdown | 8.05 | 9.53 | -1.49 |
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Drawdowns
JAKSX vs. FATKX - Drawdown Comparison
The maximum JAKSX drawdown since its inception was -33.11%, which is greater than FATKX's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for JAKSX and FATKX.
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Drawdown Indicators
| JAKSX | FATKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -22.44% | -10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -5.48% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.15% | -7.30% | -7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -22.44% | -3.36% |
Current DrawdownCurrent decline from peak | -1.16% | -1.50% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.32% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.34% | +0.82% |
Volatility
JAKSX vs. FATKX - Volatility Comparison
JPMorgan SmartRetirement 2060 Fund (JAKSX) has a higher volatility of 3.65% compared to Fidelity Freedom 2020 Fund Class K6 (FATKX) at 2.31%. This indicates that JAKSX's price experiences larger fluctuations and is considered to be riskier than FATKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAKSX | FATKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 2.31% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 6.76% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.58% | 7.80% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 9.14% | +5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 9.29% | +6.57% |
JAKSX vs. FATKX - Expense Ratio Comparison
JAKSX has a 0.26% expense ratio, which is lower than FATKX's 0.42% expense ratio.
Dividends
JAKSX vs. FATKX - Dividend Comparison
JAKSX's dividend yield for the trailing twelve months is around 3.92%, less than FATKX's 7.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FATKX Fidelity Freedom 2020 Fund Class K6 | 7.99% | 7.70% | 8.73% | 2.94% | 10.06% | 12.30% | 6.93% | 6.79% | 7.43% | 3.18% |
JAKSX JPMorgan SmartRetirement 2060 Fund | 3.92% | 4.27% | 2.96% | 1.55% | 6.59% | 8.71% | 3.49% | 3.95% | 2.96% | 1.93% |
Frequently Asked Questions
With a correlation of 0.95, JAKSX and FATKX 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.
JAKSX has higher volatility (3.65%) compared to FATKX (2.31%). In terms of maximum drawdown, JAKSX dropped -33.11% vs FATKX's -22.44%.
FATKX currently has the higher Sharpe Ratio (1.65 vs 1.38), 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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