DRIRX vs. FFGZX
DRIRX (Dimensional 2020 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, DRIRX returned 4.82%/yr vs 4.28%/yr for FFGZX. Their correlation of 0.84 suggests significant overlap in exposure. DRIRX charges 0.18%/yr vs 0.08%/yr for FFGZX.
Performance
DRIRX vs. FFGZX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DRIRX having a 4.34% return and FFGZX slightly lower at 4.28%. Over the past 10 years, DRIRX has outperformed FFGZX with an annualized return of 4.82%, while FFGZX has yielded a comparatively lower 4.28% annualized return.
DRIRX
- 1D
- 0.09%
- 1M
- 1.57%
- YTD
- 4.34%
- 6M
- 4.04%
- 1Y
- 11.05%
- 3Y*
- 7.29%
- 5Y*
- 2.04%
- 10Y*
- 4.82%
FFGZX
- 1D
- 0.16%
- 1M
- 1.75%
- YTD
- 4.28%
- 6M
- 4.42%
- 1Y
- 10.55%
- 3Y*
- 7.68%
- 5Y*
- 3.28%
- 10Y*
- 4.28%
DRIRX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIRX Dimensional 2020 Target Date Retirement Income Fund | 4.34% | 9.59% | 4.53% | 7.67% | -17.65% | 7.02% | 16.14% | 15.63% | -5.17% | 9.86% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 4.28% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between DRIRX and FFGZX 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 (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.84 |
The correlation between DRIRX and FFGZX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
DRIRX vs. FFGZX — Risk / Return Rank
DRIRX
FFGZX
DRIRX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2020 Target Date Retirement Income Fund (DRIRX) 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.
| DRIRX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.54 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.18 | -0.42 |
| Martin ratioReturn relative to average drawdown | 11.56 | 14.23 | -2.67 |
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
| DRIRX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.64 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.65 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.97 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.93 | -0.23 |
Drawdowns
DRIRX vs. FFGZX - Drawdown Comparison
The maximum DRIRX drawdown since its inception was -23.69%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for DRIRX and FFGZX.
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Drawdown Indicators
| DRIRX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.69% | -14.94% | -8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -3.33% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -7.60% | -4.76% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -14.94% | -8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -23.69% | -14.94% | -8.75% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -2.26% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.74% | +0.23% |
Volatility
DRIRX vs. FFGZX - Volatility Comparison
Dimensional 2020 Target Date Retirement Income Fund (DRIRX) has a higher volatility of 1.60% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.49%. This indicates that DRIRX'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
| DRIRX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.49% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 3.34% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 4.01% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 5.08% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 4.43% | +3.17% |
DRIRX vs. FFGZX - Expense Ratio Comparison
DRIRX has a 0.18% 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
DRIRX vs. FFGZX - Dividend Comparison
DRIRX's dividend yield for the trailing twelve months is around 5.60%, more than FFGZX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIRX Dimensional 2020 Target Date Retirement Income Fund | 5.60% | 5.80% | 4.18% | 3.62% | 7.41% | 4.42% | 3.00% | 2.51% | 2.59% | 1.48% | 1.34% | 0.00% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.21% | 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
With a correlation of 0.92, DRIRX and FFGZX 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.
DRIRX has higher volatility (1.60%) compared to FFGZX (1.49%). In terms of maximum drawdown, DRIRX dropped -23.69% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.64 vs 2.30), 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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