FDEWX vs. TRRNX
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and T. Rowe Price Retirement 2055 Fund (TRRNX).
FDEWX is managed by Fidelity. It was launched on Jun 1, 2011. TRRNX is managed by T. Rowe Price. It was launched on Dec 28, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEWX or TRRNX.
Performance
FDEWX vs. TRRNX - Performance Comparison
Returns By Period
In the year-to-date period, FDEWX achieves a 15.03% return, which is significantly lower than TRRNX's 15.97% return. Over the past 10 years, FDEWX has underperformed TRRNX with an annualized return of 7.53%, while TRRNX has yielded a comparatively higher 9.10% annualized return.
FDEWX
15.03%
-1.48%
6.04%
22.62%
7.50%
7.53%
TRRNX
15.97%
-1.15%
5.33%
23.56%
10.39%
9.10%
Key characteristics
| FDEWX | TRRNX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.16 |
| Sortino Ratio | 3.03 | 2.96 |
| Omega Ratio | 1.40 | 1.39 |
| Calmar Ratio | 2.59 | 2.27 |
| Martin Ratio | 13.97 | 13.98 |
| Ulcer Index | 1.66% | 1.73% |
| Daily Std Dev | 10.59% | 11.21% |
| Max Drawdown | -34.73% | -53.59% |
| Current Drawdown | -2.01% | -2.05% |
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FDEWX vs. TRRNX - Expense Ratio Comparison
FDEWX has a 0.12% expense ratio, which is lower than TRRNX's 0.65% expense ratio.
Correlation
The correlation between FDEWX and TRRNX is 0.97, 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.
Risk-Adjusted Performance
FDEWX vs. TRRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and T. Rowe Price Retirement 2055 Fund (TRRNX). 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.
Dividends
FDEWX vs. TRRNX - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.70%, more than TRRNX's 1.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.70% | 1.92% | 1.94% | 1.51% | 1.35% | 1.69% | 2.15% | 1.69% | 2.26% | 2.29% | 1.89% | 1.46% |
TRRNX T. Rowe Price Retirement 2055 Fund | 1.10% | 1.28% | 1.20% | 0.65% | 0.71% | 1.57% | 1.42% | 1.28% | 1.37% | 1.34% | 1.28% | 1.08% |
Drawdowns
FDEWX vs. TRRNX - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -34.73%, smaller than the maximum TRRNX drawdown of -53.59%. Use the drawdown chart below to compare losses from any high point for FDEWX and TRRNX. For additional features, visit the drawdowns tool.
Volatility
FDEWX vs. TRRNX - Volatility Comparison
Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and T. Rowe Price Retirement 2055 Fund (TRRNX) have volatilities of 2.98% and 3.07%, 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.