TBLHX vs. FYTKX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Retirement Blend 2035 Fund (TBLHX) and Fidelity Freedom Income Fund Class K6 (FYTKX).

TBLHX is managed by T. Rowe Price. It was launched on Jul 25, 2021. FYTKX is managed by Fidelity. It was launched on Oct 17, 1996.

Performance

TBLHX vs. FYTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement Blend 2035 Fund (TBLHX) and Fidelity Freedom Income Fund Class K6 (FYTKX). The values are adjusted to include any dividend payments, if applicable.

TBLHX vs. FYTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TBLHX T. Rowe Price Retirement Blend 2035 Fund	-0.82%	17.39%	12.59%	18.77%	-17.11%	3.56%
FYTKX Fidelity Freedom Income Fund Class K6	0.49%	10.61%	4.60%	8.42%	-11.23%	-0.15%

Returns By Period

In the year-to-date period, TBLHX achieves a -0.82% return, which is significantly lower than FYTKX's 0.49% return.

TBLHX

• 1D: 2.29%
• 1M: -5.12%
• YTD: -0.82%
• 6M: 1.43%
• 1Y: 15.77%
• 3Y*: 13.57%
• 5Y*: —
• 10Y*: —

FYTKX

• 1D: 0.90%
• 1M: -2.21%
• YTD: 0.49%
• 6M: 1.73%
• 1Y: 8.37%
• 3Y*: 6.75%
• 5Y*: 2.90%
• 10Y*: —

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

TBLHX vs. FYTKX - Expense Ratio Comparison

TBLHX has a 0.24% expense ratio, which is lower than FYTKX's 0.37% expense ratio.

FYTKX

Fidelity Freedom Income Fund Class K6

TBLHX

T. Rowe Price Retirement Blend 2035 Fund

Return for Risk

TBLHX vs. FYTKX — Risk / Return Rank

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

TBLHX

TBLHX Risk / Return Rank: 68
TBLHX Sharpe Ratio Rank: 65
TBLHX Sortino Ratio Rank: 66
TBLHX Omega Ratio Rank: 66
TBLHX Calmar Ratio Rank: 66
TBLHX Martin Ratio Rank: 75

FYTKX

FYTKX Risk / Return Rank: 87
FYTKX Sharpe Ratio Rank: 87
FYTKX Sortino Ratio Rank: 88
FYTKX Omega Ratio Rank: 85
FYTKX Calmar Ratio Rank: 87
FYTKX Martin Ratio Rank: 88

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.

TBLHX vs. FYTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Blend 2035 Fund (TBLHX) 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.

	TBLHX	FYTKX	Difference
Sharpe ratio Return per unit of total volatility	1.22	1.80	-0.58
Sortino ratio Return per unit of downside risk	1.76	2.51	-0.74
Omega ratio Gain probability vs. loss probability	1.27	1.36	-0.10
Calmar ratio Return relative to maximum drawdown	1.67	2.39	-0.72
Martin ratio Return relative to average drawdown	7.70	9.88	-2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBLHX vs. FYTKX - Sharpe Ratio Comparison

The current TBLHX Sharpe Ratio is 1.22, which is lower than the FYTKX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of TBLHX and FYTKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TBLHX	FYTKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.80	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.86	-0.37

Correlation

The correlation between TBLHX and FYTKX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TBLHX vs. FYTKX - Dividend Comparison

TBLHX's dividend yield for the trailing twelve months is around 2.69%, less than FYTKX's 3.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TBLHX T. Rowe Price Retirement Blend 2035 Fund	2.69%	2.67%	2.19%	2.10%	2.38%	1.48%	0.00%	0.00%	0.00%	0.00%
FYTKX Fidelity Freedom Income Fund Class K6	3.48%	3.53%	3.38%	3.13%	6.05%	6.26%	4.48%	3.80%	5.33%	2.65%

Drawdowns

TBLHX vs. FYTKX - Drawdown Comparison

The maximum TBLHX drawdown since its inception was -24.45%, which is greater than FYTKX's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for TBLHX and FYTKX.

Drawdown Indicators

	TBLHX	FYTKX	Difference
Max Drawdown Largest peak-to-trough decline	-24.45%	-15.80%	-8.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-3.67%	-6.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.80%	—
Current Drawdown Current decline from peak	-5.72%	-2.55%	-3.17%
Average Drawdown Average peak-to-trough decline	-6.24%	-2.92%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	0.89%	+1.22%

Volatility

TBLHX vs. FYTKX - Volatility Comparison

T. Rowe Price Retirement Blend 2035 Fund (TBLHX) has a higher volatility of 4.94% compared to Fidelity Freedom Income Fund Class K6 (FYTKX) at 2.43%. This indicates that TBLHX'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

	TBLHX	FYTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	2.43%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	3.27%	+4.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	4.85%	+8.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	5.26%	+7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.16%	4.73%	+8.43%