FDFQX vs. MURMX
FDFQX (Fidelity Advisor Freedom 2065 Fund Class Z) and MURMX (Mutual of America 2045 Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, FDFQX returned 9.36%/yr vs 7.84%/yr for MURMX. Their correlation of 0.82 means they have usually moved in the same direction. FDFQX charges 0.65%/yr vs 0.08%/yr for MURMX.
Performance
FDFQX vs. MURMX - Performance Comparison
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Returns By Period
In the year-to-date period, FDFQX achieves a 10.70% return, which is significantly higher than MURMX's 9.44% return.
FDFQX
- 1D
- 2.29%
- 1M
- -1.17%
- 6M
- 6.95%
- YTD
- 10.70%
- 1Y
- 21.87%
- 3Y*
- 17.09%
- 5Y*
- 9.36%
- 10Y*
- —
- ALL TIME*
- 12.12%
MURMX
- 1D
- 1.66%
- 1M
- 0.00%
- 6M
- 6.09%
- YTD
- 9.44%
- 1Y
- 19.52%
- 3Y*
- 14.22%
- 5Y*
- 7.84%
- 10Y*
- —
- ALL TIME*
- 53.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FDFQX vs. MURMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FDFQX Fidelity Advisor Freedom 2065 Fund Class Z | 10.70% | 23.20% | 13.74% | 19.34% | -18.05% | 16.12% | 17.40% |
MURMX Mutual of America 2045 Retirement Fund | 9.44% | 17.76% | 13.85% | 15.43% | -16.20% | 17.37% | 891.67% |
Correlation
The correlation between FDFQX and MURMX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.82 |
The correlation between FDFQX and MURMX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
FDFQX vs. MURMX — Risk / Return Rank
FDFQX
MURMX
FDFQX vs. MURMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2065 Fund Class Z (FDFQX) and Mutual of America 2045 Retirement Fund (MURMX). 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.
| FDFQX | MURMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.39 | -0.34 |
| Martin ratioReturn relative to average drawdown | 8.48 | 10.97 | -2.49 |
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Drawdowns
FDFQX vs. MURMX - Drawdown Comparison
The maximum FDFQX drawdown since its inception was -31.30%, roughly equal to the maximum MURMX drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for FDFQX and MURMX.
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Drawdown Indicators
| FDFQX | MURMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.30% | -32.65% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -8.34% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.11% | -14.67% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.26% | -23.56% | -3.70% |
Current DrawdownCurrent decline from peak | -2.49% | -0.66% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -5.36% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.74% | +0.64% |
Volatility
FDFQX vs. MURMX - Volatility Comparison
Fidelity Advisor Freedom 2065 Fund Class Z (FDFQX) has a higher volatility of 4.47% compared to Mutual of America 2045 Retirement Fund (MURMX) at 3.21%. This indicates that FDFQX's price experiences larger fluctuations and is considered to be riskier than MURMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDFQX | MURMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 3.21% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 9.29% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 12.05% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 16.74% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 375.46% | -358.29% |
FDFQX vs. MURMX - Expense Ratio Comparison
FDFQX has a 0.65% expense ratio, which is higher than MURMX's 0.08% expense ratio.
Dividends
FDFQX vs. MURMX - Dividend Comparison
FDFQX's dividend yield for the trailing twelve months is around 5.93%, less than MURMX's 8.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDFQX Fidelity Advisor Freedom 2065 Fund Class Z | 5.93% | 4.85% | 2.12% | 2.13% | 8.91% | 6.80% | 2.67% | 1.67% |
MURMX Mutual of America 2045 Retirement Fund | 8.13% | 8.79% | 8.17% | 2.95% | 11.94% | 4.69% | 0.00% | 0.00% |
Frequently Asked Questions
FDFQX and MURMX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDFQX has higher volatility (4.47%) compared to MURMX (3.21%). In terms of maximum drawdown, FDFQX dropped -31.30% vs MURMX's -32.65%.
MURMX currently has the higher Sharpe Ratio (1.66 vs 1.41), 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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