DRIRX vs. FIKFX
DRIRX (Dimensional 2020 Target Date Retirement Income Fund) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds. Over the past 10 years, DRIRX returned 4.33%/yr vs 4.02%/yr for FIKFX. Their correlation of 0.85 means they have usually moved in the same direction. DRIRX charges 0.18%/yr vs 0.12%/yr for FIKFX.
Performance
DRIRX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, DRIRX achieves a 2.60% return, which is significantly lower than FIKFX's 3.28% return. Over the past 10 years, DRIRX has outperformed FIKFX with an annualized return of 4.33%, while FIKFX has yielded a comparatively lower 4.02% annualized return.
DRIRX
- 1D
- 0.44%
- 1M
- -0.79%
- 6M
- 1.51%
- YTD
- 2.60%
- 1Y
- 6.39%
- 3Y*
- 6.08%
- 5Y*
- 0.81%
- 10Y*
- 4.33%
- ALL TIME*
- 5.05%
FIKFX
- 1D
- 0.56%
- 1M
- -0.35%
- 6M
- 2.29%
- YTD
- 3.28%
- 1Y
- 7.10%
- 3Y*
- 6.88%
- 5Y*
- 2.72%
- 10Y*
- 4.02%
- ALL TIME*
- 3.91%
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 |
DRIRX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIRX Dimensional 2020 Target Date Retirement Income Fund | 2.60% | 9.59% | 4.53% | 7.67% | -17.65% | 7.02% | 16.14% | 15.63% | -5.17% | 9.86% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 3.28% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between DRIRX and FIKFX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.85 |
The correlation between DRIRX and FIKFX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
DRIRX vs. FIKFX — Risk / Return Rank
DRIRX
FIKFX
DRIRX vs. FIKFX - 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 Retirement Fund Investor Class (FIKFX). 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.
| DRIRX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.20 | -0.64 |
| Martin ratioReturn relative to average drawdown | 5.91 | 9.13 | -3.21 |
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Drawdowns
DRIRX vs. FIKFX - Drawdown Comparison
The maximum DRIRX drawdown since its inception was -23.69%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for DRIRX and FIKFX.
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Drawdown Indicators
| DRIRX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.69% | -15.03% | -8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -3.32% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -3.82% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | -15.03% | -8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -23.69% | -15.03% | -8.66% |
Current DrawdownCurrent decline from peak | -1.67% | -0.87% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -1.71% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.80% | +0.27% |
Volatility
DRIRX vs. FIKFX - Volatility Comparison
Dimensional 2020 Target Date Retirement Income Fund (DRIRX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) have volatilities of 1.36% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIRX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.38% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 3.85% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 4.44% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.20% | 5.21% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 4.48% | +3.10% |
DRIRX vs. FIKFX - Expense Ratio Comparison
DRIRX has a 0.18% expense ratio, which is higher than FIKFX's 0.12% 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. FIKFX - Dividend Comparison
DRIRX's dividend yield for the trailing twelve months is around 6.26%, more than FIKFX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIRX Dimensional 2020 Target Date Retirement Income Fund | 6.26% | 5.80% | 4.18% | 3.62% | 7.41% | 4.42% | 3.00% | 2.51% | 2.59% | 1.48% | 1.34% | 0.00% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 2.88% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
Frequently Asked Questions
With a correlation of 0.91, DRIRX and FIKFX 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.
FIKFX has higher volatility (1.38%) compared to DRIRX (1.36%). In terms of maximum drawdown, DRIRX dropped -23.69% vs FIKFX's -15.03%.
FIKFX currently has the higher Sharpe Ratio (1.65 vs 1.24), 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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