FDCFX vs. PDAHX

Last updated Jun 26, 2026

FDCFX (Fidelity Advisor Freedom 2020 Fund Class C) and PDAHX (Prudential Day One Income Fund) are both Target Retirement Date funds. Over the past 5 years, FDCFX returned 3.49%/yr vs 4.51%/yr for PDAHX. Their correlation of 0.89 suggests significant overlap in exposure. FDCFX charges 1.58%/yr vs 0.16%/yr for PDAHX.

Performance

FDCFX vs. PDAHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2020 Fund Class C (FDCFX) and Prudential Day One Income Fund (PDAHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDCFX achieves a 5.30% return, which is significantly higher than PDAHX's 4.46% return.

FDCFX

• 1D: 0.32%
• 1M: -0.08%
• YTD: 5.30%
• 6M: 4.98%
• 1Y: 12.20%
• 3Y*: 10.07%
• 5Y*: 3.49%
• 10Y*: 6.59%

PDAHX

• 1D: 0.18%
• 1M: -0.64%
• YTD: 4.46%
• 6M: 4.06%
• 1Y: 10.24%
• 3Y*: 9.40%
• 5Y*: 4.51%
• 10Y*: —

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

FDCFX vs. PDAHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDCFX Fidelity Advisor Freedom 2020 Fund Class C	5.30%	13.47%	6.05%	11.14%	-16.84%	7.64%	12.30%	17.51%	-5.79%	14.18%
PDAHX Prudential Day One Income Fund	4.46%	10.37%	8.27%	8.89%	-11.69%	9.21%	8.22%	13.58%	-3.26%	8.25%

Correlation

The correlation between FDCFX and PDAHX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.89

The correlation between FDCFX and PDAHX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

FDCFX vs. PDAHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDCFX

FDCFX Risk / Return Rank: 48
FDCFX Sharpe Ratio Rank: 46
FDCFX Sortino Ratio Rank: 45
FDCFX Omega Ratio Rank: 50
FDCFX Calmar Ratio Rank: 44
FDCFX Martin Ratio Rank: 53

PDAHX

PDAHX Risk / Return Rank: 79
PDAHX Sharpe Ratio Rank: 79
PDAHX Sortino Ratio Rank: 78
PDAHX Omega Ratio Rank: 78
PDAHX Calmar Ratio Rank: 74
PDAHX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDCFX vs. PDAHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2020 Fund Class C (FDCFX) and Prudential Day One Income Fund (PDAHX). 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.

	FDCFX	PDAHX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.20	-0.59
Sortino ratio: Return per unit of downside risk	2.29	3.15	-0.86
Omega ratio: Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	2.16	2.90	-0.74
Martin ratio: Return relative to average drawdown	9.09	13.38	-4.29

FDCFX vs. PDAHX - Sharpe Ratio Comparison

The current FDCFX Sharpe Ratio is 1.61, which is comparable to the PDAHX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of FDCFX and PDAHX, 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

FDCFX vs. PDAHX - Drawdown Comparison

The maximum FDCFX drawdown since its inception was -47.97%, which is greater than PDAHX's maximum drawdown of -15.65%. Use the drawdown chart below to compare losses from any high point for FDCFX and PDAHX.

Drawdown Indicators

	FDCFX	PDAHX	Difference
Max Drawdown Largest peak-to-trough decline	-47.97%	-15.65%	-32.32%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-3.51%	-2.16%
Max Drawdown (3Y) Largest decline over 3 years	-7.95%	-5.61%	-2.34%
Max Drawdown (5Y) Largest decline over 5 years	-23.25%	-15.65%	-7.60%
Max Drawdown (10Y) Largest decline over 10 years	-23.25%	—	—
Current Drawdown Current decline from peak	-1.03%	-0.91%	-0.12%
Average Drawdown Average peak-to-trough decline	-6.02%	-2.66%	-3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	0.76%	+0.59%

Volatility

FDCFX vs. PDAHX - Volatility Comparison

Fidelity Advisor Freedom 2020 Fund Class C (FDCFX) has a higher volatility of 3.32% compared to Prudential Day One Income Fund (PDAHX) at 1.75%. This indicates that FDCFX's price experiences larger fluctuations and is considered to be riskier than PDAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDCFX	PDAHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	1.75%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	6.56%	3.74%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	7.63%	4.62%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.97%	6.57%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.04%	6.38%	+2.66%

FDCFX vs. PDAHX - Expense Ratio Comparison

FDCFX has a 1.58% expense ratio, which is higher than PDAHX's 0.16% expense ratio.

Dividends

FDCFX vs. PDAHX - Dividend Comparison

FDCFX's dividend yield for the trailing twelve months is around 7.15%, more than PDAHX's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDCFX Fidelity Advisor Freedom 2020 Fund Class C	7.15%	7.04%	3.91%	1.54%	8.31%	10.14%	6.37%	6.02%	8.67%	5.15%	3.63%	3.32%
PDAHX Prudential Day One Income Fund	4.87%	4.92%	7.35%	3.54%	7.78%	7.72%	2.22%	4.25%	3.70%	1.88%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDCFX and PDAHX in my portfolio?

With a correlation of 0.90, FDCFX and PDAHX 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.

Which is riskier, FDCFX or PDAHX?

FDCFX has higher volatility (3.32%) compared to PDAHX (1.75%). In terms of maximum drawdown, FDCFX dropped -47.97% vs PDAHX's -15.65%.

Which has better risk-adjusted returns?

PDAHX currently has the higher Sharpe Ratio (2.20 vs 1.61), 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.