DRIJX vs. FHRDX
DRIJX (Dimensional 2050 Target Date Retirement Income Fund) and FHRDX (Fidelity Freedom Blend Income Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, DRIJX returned 11.00%/yr vs 2.77%/yr for FHRDX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. DRIJX charges 0.22%/yr vs 0.21%/yr for FHRDX.
Performance
DRIJX vs. FHRDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRIJX achieves a 10.23% return, which is significantly higher than FHRDX's 3.94% return.
DRIJX
- 1D
- 1.59%
- 1M
- -0.12%
- 6M
- 7.23%
- YTD
- 10.23%
- 1Y
- 21.33%
- 3Y*
- 17.05%
- 5Y*
- 11.00%
- 10Y*
- 12.13%
- ALL TIME*
- 12.25%
FHRDX
- 1D
- 0.75%
- 1M
- -0.74%
- 6M
- 2.56%
- YTD
- 3.94%
- 1Y
- 8.00%
- 3Y*
- 7.25%
- 5Y*
- 2.77%
- 10Y*
- —
- ALL TIME*
- 4.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DRIJX vs. FHRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 10.23% | 19.64% | 17.05% | 21.37% | -15.25% | 21.63% | 14.09% | 25.59% | -13.06% |
FHRDX Fidelity Freedom Blend Income Fund Class K6 | 3.94% | 10.18% | 4.41% | 8.29% | -11.59% | 3.03% | 8.77% | 10.78% | -2.11% |
Correlation
The correlation between DRIJX and FHRDX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.67 |
The correlation between DRIJX and FHRDX shifts across timeframes, from 0.67 (5 years) to 0.82 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRIJX vs. FHRDX — Risk / Return Rank
DRIJX
FHRDX
DRIJX vs. FHRDX - 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 Blend Income Fund Class K6 (FHRDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRIJX | FHRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.25 | +0.17 |
| Martin ratioReturn relative to average drawdown | 10.40 | 9.17 | +1.23 |
Loading charts...
Drawdowns
DRIJX vs. FHRDX - Drawdown Comparison
The maximum DRIJX drawdown since its inception was -33.55%, which is greater than FHRDX's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for DRIJX and FHRDX.
Loading charts...
Drawdown Indicators
| DRIJX | FHRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.55% | -16.01% | -17.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -3.70% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -4.06% | -11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -16.01% | -7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.55% | — | — |
Current DrawdownCurrent decline from peak | -1.31% | -1.20% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -3.16% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 0.91% | +0.98% |
Volatility
DRIJX vs. FHRDX - Volatility Comparison
Dimensional 2050 Target Date Retirement Income Fund (DRIJX) has a higher volatility of 3.16% compared to Fidelity Freedom Blend Income Fund Class K6 (FHRDX) at 1.64%. This indicates that DRIJX's price experiences larger fluctuations and is considered to be riskier than FHRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DRIJX | FHRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 1.64% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 4.61% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 5.25% | +5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.65% | 5.51% | +9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 5.04% | +10.52% |
DRIJX vs. FHRDX - Expense Ratio Comparison
DRIJX has a 0.22% expense ratio, which is higher than FHRDX's 0.21% 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. FHRDX - Dividend Comparison
DRIJX's dividend yield for the trailing twelve months is around 2.36%, less than FHRDX's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 2.36% | 2.49% | 2.53% | 3.40% | 3.98% | 2.87% | 4.15% | 2.18% | 2.29% | 1.25% | 1.40% |
FHRDX Fidelity Freedom Blend Income Fund Class K6 | 2.68% | 3.32% | 3.21% | 3.05% | 4.82% | 4.13% | 2.75% | 2.54% | 1.55% | 0.00% | 0.00% |
Frequently Asked Questions
DRIJX and FHRDX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIJX has higher volatility (3.16%) compared to FHRDX (1.64%). In terms of maximum drawdown, DRIJX dropped -33.55% vs FHRDX's -16.01%.
DRIJX currently has the higher Sharpe Ratio (1.75 vs 1.59), 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.
Find the right allocation for DRIJX and FHRDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer