JOBYX vs. FQLSX

Last updated Jul 25, 2026

JOBYX (JPMorgan SmartRetirement Blend 2040 Fund Class R6) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, JOBYX returned 8.33%/yr vs 10.60%/yr for FQLSX. With a 0.98 correlation, they move nearly in lockstep. JOBYX charges 0.17%/yr vs 0.00%/yr for FQLSX.

Performance

JOBYX vs. FQLSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2040 Fund Class R6 (JOBYX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JOBYX achieves a 8.72% return, which is significantly lower than FQLSX's 11.79% return.

JOBYX

• 1D: -0.94%
• 1M: -0.18%
• 6M: 5.98%
• YTD: 8.72%
• 1Y: 16.67%
• 3Y*: 15.05%
• 5Y*: 8.33%
• 10Y*: 10.24%
• ALL TIME*: 9.78%

FQLSX

• 1D: -0.89%
• 1M: -0.36%
• 6M: 7.96%
• YTD: 11.79%
• 1Y: 21.30%
• 3Y*: 19.24%
• 5Y*: 10.60%
• 10Y*: —
• ALL TIME*: 12.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FQLSX Fidelity Flex Freedom Blend 2055 Fund	$0.00	$0.00	$0.00
JOBYX JPMorgan SmartRetirement Blend 2040 Fund Class R6	$0.00	$0.00	$0.00

JOBYX vs. FQLSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JOBYX JPMorgan SmartRetirement Blend 2040 Fund Class R6	8.72%	18.75%	10.24%	21.65%	-17.17%	15.98%	13.01%	24.39%	-8.02%	9.17%
FQLSX Fidelity Flex Freedom Blend 2055 Fund	11.79%	22.80%	18.08%	21.04%	-18.58%	16.89%	18.43%	25.96%	-8.31%	10.12%

Correlation

The correlation between JOBYX and FQLSX 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	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.98

The correlation between JOBYX and FQLSX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

JOBYX vs. FQLSX — Risk / Return Rank

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

JOBYX

JOBYX Risk / Return Rank: 64
JOBYX Sharpe Ratio Rank: 63
JOBYX Sortino Ratio Rank: 62
JOBYX Omega Ratio Rank: 61
JOBYX Calmar Ratio Rank: 62
JOBYX Martin Ratio Rank: 72

FQLSX

FQLSX Risk / Return Rank: 62
FQLSX Sharpe Ratio Rank: 59
FQLSX Sortino Ratio Rank: 57
FQLSX Omega Ratio Rank: 58
FQLSX Calmar Ratio Rank: 65
FQLSX Martin Ratio Rank: 73

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.

JOBYX vs. FQLSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2040 Fund Class R6 (JOBYX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). 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.

	JOBYX	FQLSX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.52	-0.02
Sortino ratio: Return per unit of downside risk	2.14	2.14	0.00
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	2.08	2.23	-0.16
Martin ratio: Return relative to average drawdown	8.95	9.45	-0.49

JOBYX vs. FQLSX - Sharpe Ratio Comparison

The current JOBYX Sharpe Ratio is 1.49, which is comparable to the FQLSX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of JOBYX and FQLSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JOBYX vs. FQLSX - Drawdown Comparison

The maximum JOBYX drawdown since its inception was -30.84%, roughly equal to the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for JOBYX and FQLSX.

Drawdown Indicators

	JOBYX	FQLSX	Difference
Max Drawdown Largest peak-to-trough decline	-30.84%	-31.26%	+0.42%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-9.48%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-13.34%	-15.37%	+2.03%
Max Drawdown (5Y) Largest decline over 5 years	-24.36%	-27.41%	+3.05%
Max Drawdown (10Y) Largest decline over 10 years	-30.84%	—	—
Current Drawdown Current decline from peak	-1.95%	-2.58%	+0.63%
Average Drawdown Average peak-to-trough decline	-4.04%	-5.37%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.23%	-0.39%

Volatility

JOBYX vs. FQLSX - Volatility Comparison

The current volatility for JPMorgan SmartRetirement Blend 2040 Fund Class R6 (JOBYX) is 2.65%, while Fidelity Flex Freedom Blend 2055 Fund (FQLSX) has a volatility of 3.76%. This indicates that JOBYX experiences smaller price fluctuations and is considered to be less risky than FQLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JOBYX	FQLSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	3.76%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	11.90%	-2.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	13.98%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.44%	15.33%	-1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	16.12%	+1.73%

JOBYX vs. FQLSX - Expense Ratio Comparison

JOBYX has a 0.17% expense ratio, which is higher than FQLSX's 0.00% 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

JOBYX vs. FQLSX - Dividend Comparison

JOBYX's dividend yield for the trailing twelve months is around 2.52%, less than FQLSX's 4.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQLSX Fidelity Flex Freedom Blend 2055 Fund	4.68%	3.32%	7.20%	2.08%	5.79%	8.05%	5.76%	7.02%	8.18%	3.10%	0.00%	0.00%
JOBYX JPMorgan SmartRetirement Blend 2040 Fund Class R6	2.52%	2.73%	2.52%	2.36%	2.28%	5.76%	1.53%	3.13%	6.81%	2.14%	2.27%	2.31%

Frequently Asked Questions

Can I hold both JOBYX and FQLSX in my portfolio?

With a correlation of 0.99, JOBYX and FQLSX 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.

Which is riskier, JOBYX or FQLSX?

FQLSX has higher volatility (3.76%) compared to JOBYX (2.65%). In terms of maximum drawdown, JOBYX dropped -30.84% vs FQLSX's -31.26%.

Which has better risk-adjusted returns?

FQLSX currently has the higher Sharpe Ratio (1.52 vs 1.49), 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.