JPTBX vs. FHTKX

Last updated Jun 5, 2026

JPTBX (JPMorgan SmartRetirement Blend 2055 Fund) and FHTKX (Fidelity Freedom 2040 Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, JPTBX returned 9.58%/yr vs 10.12%/yr for FHTKX. With a 0.98 correlation, they move nearly in lockstep. JPTBX charges 0.33%/yr vs 0.50%/yr for FHTKX.

Performance

JPTBX vs. FHTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2055 Fund (JPTBX) and Fidelity Freedom 2040 Fund Class K6 (FHTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JPTBX having a 11.60% return and FHTKX slightly higher at 11.73%.

JPTBX

• 1D: -0.67%
• 1M: 3.38%
• YTD: 11.60%
• 6M: 12.09%
• 1Y: 26.70%
• 3Y*: 18.84%
• 5Y*: 9.58%
• 10Y*: 11.15%

FHTKX

• 1D: -0.42%
• 1M: 3.13%
• YTD: 11.73%
• 6M: 13.12%
• 1Y: 27.12%
• 3Y*: 20.34%
• 5Y*: 10.12%
• 10Y*: —

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

JPTBX vs. FHTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPTBX JPMorgan SmartRetirement Blend 2055 Fund	11.60%	20.02%	11.95%	22.09%	-17.76%	17.54%	12.93%	24.57%	-8.62%	9.61%
FHTKX Fidelity Freedom 2040 Fund Class K6	11.73%	22.35%	16.63%	20.25%	-18.08%	16.80%	18.62%	25.70%	-8.72%	9.80%

Correlation

The correlation between JPTBX and FHTKX is 0.98 - 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	0.98
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 16, 2017	0.98

The correlation between JPTBX and FHTKX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

JPTBX vs. FHTKX — Risk / Return Rank

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

JPTBX

JPTBX Risk / Return Rank: 65
JPTBX Sharpe Ratio Rank: 64
JPTBX Sortino Ratio Rank: 62
JPTBX Omega Ratio Rank: 60
JPTBX Calmar Ratio Rank: 65
JPTBX Martin Ratio Rank: 73

FHTKX

FHTKX Risk / Return Rank: 70
FHTKX Sharpe Ratio Rank: 70
FHTKX Sortino Ratio Rank: 67
FHTKX Omega Ratio Rank: 68
FHTKX Calmar Ratio Rank: 71
FHTKX 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.

JPTBX vs. FHTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2055 Fund (JPTBX) and Fidelity Freedom 2040 Fund Class K6 (FHTKX). 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.

	JPTBX	FHTKX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.44	-0.14
Sortino ratio: Return per unit of downside risk	3.21	3.40	-0.19
Omega ratio: Gain probability vs. loss probability	1.42	1.46	-0.04
Calmar ratio: Return relative to maximum drawdown	3.02	3.22	-0.21
Martin ratio: Return relative to average drawdown	13.43	14.20	-0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPTBX vs. FHTKX - Sharpe Ratio Comparison

The current JPTBX Sharpe Ratio is 2.30, which is comparable to the FHTKX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of JPTBX and FHTKX, 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

	JPTBX	FHTKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.44	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.71	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.77	-0.07

Drawdowns

JPTBX vs. FHTKX - Drawdown Comparison

The maximum JPTBX drawdown since its inception was -32.64%, which is greater than FHTKX's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for JPTBX and FHTKX.

Drawdown Indicators

	JPTBX	FHTKX	Difference
Max Drawdown Largest peak-to-trough decline	-32.64%	-30.95%	-1.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-8.69%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.41%	-14.06%	-1.35%
Max Drawdown (5Y) Largest decline over 5 years	-25.39%	-27.05%	+1.66%
Max Drawdown (10Y) Largest decline over 10 years	-32.64%	—	—
Current Drawdown Current decline from peak	-0.67%	-0.42%	-0.25%
Average Drawdown Average peak-to-trough decline	-4.26%	-5.45%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.96%	+0.06%

Volatility

JPTBX vs. FHTKX - Volatility Comparison

The current volatility for JPMorgan SmartRetirement Blend 2055 Fund (JPTBX) is 3.67%, while Fidelity Freedom 2040 Fund Class K6 (FHTKX) has a volatility of 3.87%. This indicates that JPTBX experiences smaller price fluctuations and is considered to be less risky than FHTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPTBX	FHTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.87%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	9.42%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	11.48%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	14.39%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	15.55%	+0.01%

JPTBX vs. FHTKX - Expense Ratio Comparison

JPTBX has a 0.33% expense ratio, which is lower than FHTKX's 0.50% expense ratio.

Dividends

JPTBX vs. FHTKX - Dividend Comparison

JPTBX's dividend yield for the trailing twelve months is around 1.99%, less than FHTKX's 6.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHTKX Fidelity Freedom 2040 Fund Class K6	6.57%	5.27%	5.65%	2.00%	12.68%	12.37%	5.93%	7.00%	8.48%	3.12%	0.00%	0.00%
JPTBX JPMorgan SmartRetirement Blend 2055 Fund	1.99%	2.22%	1.95%	1.83%	1.61%	5.17%	1.14%	2.30%	4.95%	1.90%	2.03%	1.99%

Frequently Asked Questions

Can I hold both JPTBX and FHTKX in my portfolio?

With a correlation of 0.98, JPTBX and FHTKX 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, JPTBX or FHTKX?

FHTKX has higher volatility (3.87%) compared to JPTBX (3.67%). In terms of maximum drawdown, JPTBX dropped -32.64% vs FHTKX's -30.95%.

Which has better risk-adjusted returns?

FHTKX currently has the higher Sharpe Ratio (2.44 vs 2.30), 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.