MXBSX vs. FRBHX

Last updated Jun 5, 2026

MXBSX (Great-West Lifetime 2050 Fund) and FRBHX (Fidelity Freedom® 2070 Fund Class K6) are both Target Retirement Date funds. Over the past year, MXBSX returned 22.71% vs 30.14% for FRBHX. Their correlation of 0.89 suggests significant overlap in exposure. MXBSX charges 0.12%/yr vs 0.45%/yr for FRBHX.

Performance

MXBSX vs. FRBHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Lifetime 2050 Fund (MXBSX) and Fidelity Freedom® 2070 Fund Class K6 (FRBHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXBSX achieves a 10.07% return, which is significantly lower than FRBHX's 13.36% return.

MXBSX

• 1D: -0.57%
• 1M: 2.81%
• YTD: 10.07%
• 6M: 10.63%
• 1Y: 22.71%
• 3Y*: 16.44%
• 5Y*: 7.95%
• 10Y*: 10.29%

FRBHX

• 1D: -0.51%
• 1M: 3.54%
• YTD: 13.36%
• 6M: 15.04%
• 1Y: 30.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MXBSX vs. FRBHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MXBSX Great-West Lifetime 2050 Fund	10.07%	17.70%	2.95%
FRBHX Fidelity Freedom® 2070 Fund Class K6	13.36%	23.65%	3.64%

Correlation

The correlation between MXBSX and FRBHX is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Jul 5, 2024	0.89

The correlation between MXBSX and FRBHX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

MXBSX vs. FRBHX — Risk / Return Rank

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

MXBSX

MXBSX Risk / Return Rank: 47
MXBSX Sharpe Ratio Rank: 43
MXBSX Sortino Ratio Rank: 42
MXBSX Omega Ratio Rank: 45
MXBSX Calmar Ratio Rank: 50
MXBSX Martin Ratio Rank: 56

FRBHX

FRBHX Risk / Return Rank: 70
FRBHX Sharpe Ratio Rank: 71
FRBHX Sortino Ratio Rank: 65
FRBHX Omega Ratio Rank: 66
FRBHX Calmar Ratio Rank: 70
FRBHX Martin Ratio Rank: 77

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.

MXBSX vs. FRBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Lifetime 2050 Fund (MXBSX) and Fidelity Freedom® 2070 Fund Class K6 (FRBHX). 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.

	MXBSX	FRBHX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.43	-0.55
Sortino ratio: Return per unit of downside risk	2.65	3.34	-0.69
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	2.63	3.17	-0.55
Martin ratio: Return relative to average drawdown	10.93	14.13	-3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXBSX vs. FRBHX - Sharpe Ratio Comparison

The current MXBSX Sharpe Ratio is 1.88, which is comparable to the FRBHX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of MXBSX and FRBHX, 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

	MXBSX	FRBHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.43	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.40	-0.76

Drawdowns

MXBSX vs. FRBHX - Drawdown Comparison

The maximum MXBSX drawdown since its inception was -31.88%, which is greater than FRBHX's maximum drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for MXBSX and FRBHX.

Drawdown Indicators

	MXBSX	FRBHX	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-15.29%	-16.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-9.77%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.88%	—	—
Current Drawdown Current decline from peak	-0.57%	-0.51%	-0.06%
Average Drawdown Average peak-to-trough decline	-5.94%	-1.78%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.19%	-0.08%

Volatility

MXBSX vs. FRBHX - Volatility Comparison

The current volatility for Great-West Lifetime 2050 Fund (MXBSX) is 3.33%, while Fidelity Freedom® 2070 Fund Class K6 (FRBHX) has a volatility of 4.26%. This indicates that MXBSX experiences smaller price fluctuations and is considered to be less risky than FRBHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXBSX	FRBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	4.26%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	10.51%	-1.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	12.78%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	15.79%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	15.79%	+0.58%

MXBSX vs. FRBHX - Expense Ratio Comparison

MXBSX has a 0.12% expense ratio, which is lower than FRBHX's 0.45% expense ratio.

Dividends

MXBSX vs. FRBHX - Dividend Comparison

MXBSX's dividend yield for the trailing twelve months is around 4.79%, more than FRBHX's 4.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRBHX Fidelity Freedom® 2070 Fund Class K6	4.22%	2.53%	2.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MXBSX Great-West Lifetime 2050 Fund	4.79%	5.27%	7.38%	5.63%	10.66%	11.14%	6.57%	9.46%	8.18%	3.54%

Frequently Asked Questions

Can I hold both MXBSX and FRBHX in my portfolio?

With a correlation of 0.92, MXBSX and FRBHX 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, MXBSX or FRBHX?

FRBHX has higher volatility (4.26%) compared to MXBSX (3.33%). In terms of maximum drawdown, MXBSX dropped -31.88% vs FRBHX's -15.29%.

Which has better risk-adjusted returns?

FRBHX currently has the higher Sharpe Ratio (2.43 vs 1.88), 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.