DRIWX vs. FFGZX
DRIWX (Dimensional 2030 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, DRIWX returned 6.37%/yr vs 4.25%/yr for FFGZX. Their correlation of 0.88 suggests significant overlap in exposure. DRIWX charges 0.20%/yr vs 0.08%/yr for FFGZX.
Performance
DRIWX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, DRIWX achieves a 4.80% return, which is significantly higher than FFGZX's 3.95% return. Over the past 10 years, DRIWX has outperformed FFGZX with an annualized return of 6.37%, while FFGZX has yielded a comparatively lower 4.25% annualized return.
DRIWX
- 1D
- -0.47%
- 1M
- 1.44%
- YTD
- 4.80%
- 6M
- 4.39%
- 1Y
- 12.39%
- 3Y*
- 8.04%
- 5Y*
- 2.19%
- 10Y*
- 6.37%
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%
DRIWX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIWX Dimensional 2030 Target Date Retirement Income Fund | 4.80% | 9.89% | 5.12% | 10.05% | -22.34% | 13.46% | 18.33% | 21.04% | -7.35% | 15.68% |
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 DRIWX 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 | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.88 |
The correlation between DRIWX and FFGZX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
DRIWX vs. FFGZX — Risk / Return Rank
DRIWX
FFGZX
DRIWX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2030 Target Date Retirement Income Fund (DRIWX) 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.
| DRIWX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.51 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.08 | -0.77 |
| Martin ratioReturn relative to average drawdown | 8.96 | 13.76 | -4.80 |
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
| DRIWX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.55 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.62 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.96 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.93 | -0.26 |
Drawdowns
DRIWX vs. FFGZX - Drawdown Comparison
The maximum DRIWX drawdown since its inception was -27.45%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for DRIWX and FFGZX.
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Drawdown Indicators
| DRIWX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.45% | -14.94% | -12.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -3.33% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -10.68% | -4.76% | -5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -14.94% | -12.51% |
Max Drawdown (10Y)Largest decline over 10 years | -27.45% | -14.94% | -12.51% |
Current DrawdownCurrent decline from peak | -0.47% | -0.31% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -2.26% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 0.74% | +0.73% |
Volatility
DRIWX vs. FFGZX - Volatility Comparison
Dimensional 2030 Target Date Retirement Income Fund (DRIWX) has a higher volatility of 2.24% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.52%. This indicates that DRIWX'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
| DRIWX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 1.52% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.21% | 3.34% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 4.02% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 5.09% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 4.43% | +5.67% |
DRIWX vs. FFGZX - Expense Ratio Comparison
DRIWX has a 0.20% 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
DRIWX vs. FFGZX - Dividend Comparison
DRIWX's dividend yield for the trailing twelve months is around 6.65%, more than FFGZX's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIWX Dimensional 2030 Target Date Retirement Income Fund | 6.65% | 6.89% | 6.04% | 4.10% | 6.63% | 5.81% | 3.93% | 2.39% | 2.45% | 1.33% | 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
With a correlation of 0.92, DRIWX 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.
DRIWX has higher volatility (2.24%) compared to FFGZX (1.52%). In terms of maximum drawdown, DRIWX dropped -27.45% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.55 vs 1.94), 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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