Correlation
The correlation between DRIJX and FFFHX is 0.93, 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.
DRIJX vs. FFFHX
Compare and contrast key facts about Dimensional 2050 Target Date Retirement Income Fund (DRIJX) and Fidelity Freedom 2050 Fund (FFFHX).
DRIJX is managed by Dimensional Fund Advisors LP. It was launched on Nov 1, 2015. FFFHX is managed by Fidelity. It was launched on Jun 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIJX or FFFHX.
Performance
DRIJX vs. FFFHX - Performance Comparison
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Key characteristics
DRIJX:
0.72
FFFHX:
0.73
DRIJX:
1.01
FFFHX:
1.00
DRIJX:
1.14
FFFHX:
1.14
DRIJX:
0.68
FFFHX:
0.69
DRIJX:
2.87
FFFHX:
2.95
DRIJX:
3.63%
FFFHX:
3.61%
DRIJX:
16.18%
FFFHX:
16.60%
DRIJX:
-33.55%
FFFHX:
-56.30%
DRIJX:
-0.55%
FFFHX:
-0.42%
Returns By Period
In the year-to-date period, DRIJX achieves a 4.05% return, which is significantly lower than FFFHX's 6.39% return.
DRIJX
4.05%
5.11%
0.41%
10.75%
10.33%
12.19%
N/A
FFFHX
6.39%
5.31%
3.01%
11.37%
11.08%
12.52%
8.93%
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DRIJX vs. FFFHX - Expense Ratio Comparison
DRIJX has a 0.22% expense ratio, which is lower than FFFHX's 0.75% expense ratio.
Risk-Adjusted Performance
DRIJX vs. FFFHX — Risk-Adjusted Performance Rank
DRIJX
FFFHX
DRIJX vs. FFFHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2050 Target Date Retirement Income Fund (DRIJX) and Fidelity Freedom 2050 Fund (FFFHX). 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.
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Dividends
DRIJX vs. FFFHX - Dividend Comparison
DRIJX's dividend yield for the trailing twelve months is around 2.47%, less than FFFHX's 3.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 2.47% | 2.53% | 3.39% | 3.98% | 2.29% | 4.16% | 2.18% | 2.30% | 2.07% | 2.09% | 0.56% | 0.00% |
FFFHX Fidelity Freedom 2050 Fund | 3.99% | 1.86% | 1.78% | 11.83% | 11.76% | 4.93% | 6.48% | 7.69% | 3.98% | 4.12% | 4.16% | 10.08% |
Drawdowns
DRIJX vs. FFFHX - Drawdown Comparison
The maximum DRIJX drawdown since its inception was -33.55%, smaller than the maximum FFFHX drawdown of -56.30%. Use the drawdown chart below to compare losses from any high point for DRIJX and FFFHX.
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Volatility
DRIJX vs. FFFHX - Volatility Comparison
Dimensional 2050 Target Date Retirement Income Fund (DRIJX) has a higher volatility of 3.62% compared to Fidelity Freedom 2050 Fund (FFFHX) at 3.37%. This indicates that DRIJX's price experiences larger fluctuations and is considered to be riskier than FFFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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