FAELX vs. DRIJX

Last updated Aug 4, 2026

FAELX (Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund) and DRIJX (Dimensional 2050 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past year, FAELX returned 15.08% vs 21.73% for DRIJX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FAELX charges 0.50%/yr vs 0.22%/yr for DRIJX.

Performance

FAELX vs. DRIJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) and Dimensional 2050 Target Date Retirement Income Fund (DRIJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAELX achieves a 7.64% return, which is significantly lower than DRIJX's 10.59% return.

FAELX

• 1D: 0.34%
• 1M: -0.81%
• 6M: 4.57%
• YTD: 7.64%
• 1Y: 15.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.01%

DRIJX

• 1D: 0.33%
• 1M: 0.21%
• 6M: 7.07%
• YTD: 10.59%
• 1Y: 21.73%
• 3Y*: 17.34%
• 5Y*: 11.07%
• 10Y*: 12.23%
• ALL TIME*: 12.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRIJX Dimensional 2050 Target Date Retirement Income Fund	$0.00	$0.00	$0.00
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	$0.00	$0.00	$0.00

FAELX vs. DRIJX - Yearly Performance Comparison

	2026 (YTD)	2025
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	7.64%	17.33%
DRIJX Dimensional 2050 Target Date Retirement Income Fund	10.59%	19.83%

Correlation

The correlation between FAELX and DRIJX is 0.84, 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.	0.84
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.77

The correlation between FAELX and DRIJX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

FAELX vs. DRIJX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAELX

FAELX Risk / Return Rank: 60
FAELX Sharpe Ratio Rank: 57
FAELX Sortino Ratio Rank: 59
FAELX Omega Ratio Rank: 54
FAELX Calmar Ratio Rank: 62
FAELX Martin Ratio Rank: 69

DRIJX

DRIJX Risk / Return Rank: 76
DRIJX Sharpe Ratio Rank: 76
DRIJX Sortino Ratio Rank: 74
DRIJX Omega Ratio Rank: 72
DRIJX Calmar Ratio Rank: 75
DRIJX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAELX vs. DRIJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) and Dimensional 2050 Target Date Retirement Income Fund (DRIJX). 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.

	FAELX	DRIJX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.84	-0.28
Sortino ratio: Return per unit of downside risk	2.29	2.61	-0.31
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	2.26	2.54	-0.28
Martin ratio: Return relative to average drawdown	9.24	10.93	-1.69

FAELX vs. DRIJX - Sharpe Ratio Comparison

The current FAELX Sharpe Ratio is 1.57, which is comparable to the DRIJX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FAELX and DRIJX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAELX vs. DRIJX - Drawdown Comparison

The maximum FAELX drawdown since its inception was -11.54%, smaller than the maximum DRIJX drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for FAELX and DRIJX.

Drawdown Indicators

	FAELX	DRIJX	Difference
Max Drawdown Largest peak-to-trough decline	-11.54%	-33.55%	+22.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-8.12%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.55%	—
Current Drawdown Current decline from peak	-1.88%	-0.99%	-0.89%
Average Drawdown Average peak-to-trough decline	-1.45%	-4.15%	+2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.88%	-0.10%

Volatility

FAELX vs. DRIJX - Volatility Comparison

Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) and Dimensional 2050 Target Date Retirement Income Fund (DRIJX) have volatilities of 3.25% and 3.15%, 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.

Volatility by Period

	FAELX	DRIJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	3.15%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	9.32%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.20%	11.22%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.08%	14.64%	-1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.08%	15.56%	-2.48%

FAELX vs. DRIJX - Expense Ratio Comparison

FAELX has a 0.50% expense ratio, which is higher than DRIJX's 0.22% expense ratio.

Dividends

FAELX vs. DRIJX - Dividend Comparison

FAELX has not paid dividends to shareholders, while DRIJX's dividend yield for the trailing twelve months is around 2.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRIJX Dimensional 2050 Target Date Retirement Income Fund	2.35%	2.49%	2.53%	3.40%	3.98%	2.87%	4.15%	2.18%	2.29%	1.25%	1.40%
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAELX and DRIJX in my portfolio?

FAELX and DRIJX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAELX or DRIJX?

FAELX has higher volatility (3.25%) compared to DRIJX (3.15%). In terms of maximum drawdown, FAELX dropped -11.54% vs DRIJX's -33.55%.

Which has better risk-adjusted returns?

DRIJX currently has the higher Sharpe Ratio (1.84 vs 1.57), 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.