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.
Key characteristics
| FDEWX | TRRNX | |
|---|---|---|
| YTD Return | 13.30% | 13.83% |
| 1Y Return | 21.98% | 22.40% |
| 3Y Return (Ann) | 4.72% | 4.40% |
| 5Y Return (Ann) | 10.02% | 10.56% |
| 10Y Return (Ann) | 8.60% | 8.97% |
| Sharpe Ratio | 1.93 | 1.88 |
| Daily Std Dev | 11.27% | 11.80% |
| Max Drawdown | -30.69% | -53.59% |
| Current Drawdown | -0.51% | -0.88% |
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.
Performance
FDEWX vs. TRRNX - Performance Comparison
The year-to-date returns for both investments are quite close, with FDEWX having a 13.30% return and TRRNX slightly higher at 13.83%. Both investments have delivered pretty close results over the past 10 years, with FDEWX having a 8.60% annualized return and TRRNX not far ahead at 8.97%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 1.73%, less than TRRNX's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.73% | 1.92% | 2.24% | 1.89% | 1.85% | 10.83% | 2.39% | 1.93% | 2.42% | 2.31% | 1.89% | 1.46% |
TRRNX T. Rowe Price Retirement 2055 Fund | 3.35% | 3.81% | 7.01% | 5.83% | 3.40% | 5.41% | 7.55% | 3.40% | 3.99% | 4.84% | 3.16% | 2.55% |
Drawdowns
FDEWX vs. TRRNX - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -30.69%, 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
The current volatility for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) is 3.47%, while T. Rowe Price Retirement 2055 Fund (TRRNX) has a volatility of 3.66%. This indicates that FDEWX experiences smaller price fluctuations and is considered to be less risky than TRRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.