DRIJX vs. FFGZX
DRIJX (Dimensional 2050 Target Date Retirement Income Fund) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, DRIJX returned 12.53%/yr vs 4.25%/yr for FFGZX. A 0.68 correlation means they provide meaningful diversification when combined. DRIJX charges 0.22%/yr vs 0.08%/yr for FFGZX.
Performance
DRIJX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, DRIJX achieves a 10.97% return, which is significantly higher than FFGZX's 3.95% return. Over the past 10 years, DRIJX has outperformed FFGZX with an annualized return of 12.53%, while FFGZX has yielded a comparatively lower 4.25% annualized return.
DRIJX
- 1D
- -0.65%
- 1M
- 3.15%
- YTD
- 10.97%
- 6M
- 11.55%
- 1Y
- 26.45%
- 3Y*
- 19.92%
- 5Y*
- 11.37%
- 10Y*
- 12.53%
FFGZX
- 1D
- -0.31%
- 1M
- 1.19%
- YTD
- 3.95%
- 6M
- 4.10%
- 1Y
- 9.74%
- 3Y*
- 7.57%
- 5Y*
- 3.14%
- 10Y*
- 4.25%
DRIJX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 10.97% | 19.64% | 17.05% | 21.37% | -15.25% | 21.63% | 14.09% | 25.59% | -9.14% | 21.76% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.95% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between DRIJX and FFGZX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.68 |
The correlation between DRIJX and FFGZX shifts across timeframes, from 0.66 (5 years) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRIJX vs. FFGZX — Risk / Return Rank
DRIJX
FFGZX
DRIJX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2050 Target Date Retirement Income Fund (DRIJX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| DRIJX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.51 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.08 | +0.24 |
| Martin ratioReturn relative to average drawdown | 15.00 | 13.76 | +1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIJX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 2.55 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.62 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.96 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.93 | -0.12 |
Drawdowns
DRIJX vs. FFGZX - Drawdown Comparison
The maximum DRIJX drawdown since its inception was -33.55%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for DRIJX and FFGZX.
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Drawdown Indicators
| DRIJX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.55% | -14.94% | -18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -3.33% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -4.76% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -14.94% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -33.55% | -14.94% | -18.61% |
Current DrawdownCurrent decline from peak | -0.65% | -0.31% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -2.26% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 0.74% | +1.05% |
Volatility
DRIJX vs. FFGZX - Volatility Comparison
Dimensional 2050 Target Date Retirement Income Fund (DRIJX) has a higher volatility of 2.99% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.52%. This indicates that DRIJX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIJX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 1.52% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 3.34% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 4.02% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 5.09% | +9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 4.43% | +11.20% |
DRIJX vs. FFGZX - Expense Ratio Comparison
DRIJX has a 0.22% expense ratio, which is higher than FFGZX's 0.08% 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
DRIJX vs. FFGZX - Dividend Comparison
DRIJX's dividend yield for the trailing twelve months is around 2.28%, less than FFGZX's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 2.28% | 2.49% | 2.53% | 3.40% | 3.98% | 2.87% | 4.15% | 2.18% | 2.29% | 1.25% | 1.40% | 0.00% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.22% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
Frequently Asked Questions
DRIJX and FFGZX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIJX has higher volatility (2.99%) compared to FFGZX (1.52%). In terms of maximum drawdown, DRIJX dropped -33.55% vs FFGZX's -14.94%.
DRIJX currently has the higher Sharpe Ratio (2.61 vs 2.55), 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.
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