Correlation
The correlation between DRIWX and FFFEX is 0.72, 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.
DRIWX vs. FFFEX
Compare and contrast key facts about Dimensional 2030 Target Date Retirement Income Fund (DRIWX) and Fidelity Freedom 2030 Fund (FFFEX).
DRIWX is managed by Dimensional Fund Advisors LP. It was launched on Nov 1, 2015. FFFEX is managed by Fidelity. It was launched on Oct 17, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIWX or FFFEX.
Performance
DRIWX vs. FFFEX - Performance Comparison
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Key characteristics
DRIWX:
0.29
FFFEX:
0.89
DRIWX:
0.40
FFFEX:
1.18
DRIWX:
1.06
FFFEX:
1.16
DRIWX:
0.13
FFFEX:
0.89
DRIWX:
0.57
FFFEX:
3.77
DRIWX:
4.62%
FFFEX:
2.36%
DRIWX:
10.49%
FFFEX:
11.22%
DRIWX:
-29.55%
FFFEX:
-51.69%
DRIWX:
-15.63%
FFFEX:
-0.11%
Returns By Period
In the year-to-date period, DRIWX achieves a 2.48% return, which is significantly lower than FFFEX's 5.30% return.
DRIWX
2.48%
1.52%
-4.26%
2.31%
0.69%
1.97%
N/A
FFFEX
5.30%
3.36%
2.31%
9.33%
7.61%
8.59%
7.04%
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DRIWX vs. FFFEX - Expense Ratio Comparison
DRIWX has a 0.20% expense ratio, which is lower than FFFEX's 0.66% expense ratio.
Risk-Adjusted Performance
DRIWX vs. FFFEX — Risk-Adjusted Performance Rank
DRIWX
FFFEX
DRIWX vs. FFFEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2030 Target Date Retirement Income Fund (DRIWX) and Fidelity Freedom 2030 Fund (FFFEX). 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
DRIWX vs. FFFEX - Dividend Comparison
DRIWX's dividend yield for the trailing twelve months is around 6.27%, more than FFFEX's 4.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIWX Dimensional 2030 Target Date Retirement Income Fund | 6.27% | 6.06% | 4.10% | 6.64% | 6.27% | 3.93% | 2.39% | 2.45% | 2.30% | 2.12% | 0.07% | 0.00% |
FFFEX Fidelity Freedom 2030 Fund | 4.57% | 2.94% | 1.87% | 10.06% | 10.92% | 6.24% | 6.79% | 7.32% | 4.60% | 3.98% | 6.06% | 6.65% |
Drawdowns
DRIWX vs. FFFEX - Drawdown Comparison
The maximum DRIWX drawdown since its inception was -29.55%, smaller than the maximum FFFEX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for DRIWX and FFFEX.
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Volatility
DRIWX vs. FFFEX - Volatility Comparison
Dimensional 2030 Target Date Retirement Income Fund (DRIWX) and Fidelity Freedom 2030 Fund (FFFEX) have volatilities of 2.27% and 2.29%, 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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