FEGLX vs. PTDIX

Last updated Jun 4, 2026

FEGLX (Fidelity Advisor Freedom Income Fund Class Z6) and PTDIX (Principal LifeTime 2040 Fund) are both Target Retirement Date funds. Over the past 5 years, FEGLX returned 3.31%/yr vs 8.31%/yr for PTDIX. A 0.72 correlation means they provide meaningful diversification when combined. FEGLX charges 0.37%/yr vs 0.01%/yr for PTDIX.

Performance

FEGLX vs. PTDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Income Fund Class Z6 (FEGLX) and Principal LifeTime 2040 Fund (PTDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEGLX achieves a 4.81% return, which is significantly lower than PTDIX's 7.80% return.

FEGLX

• 1D: 0.27%
• 1M: 1.64%
• YTD: 4.81%
• 6M: 5.10%
• 1Y: 11.25%
• 3Y*: 8.12%
• 5Y*: 3.31%
• 10Y*: —

PTDIX

• 1D: 0.34%
• 1M: 3.88%
• YTD: 7.80%
• 6M: 8.09%
• 1Y: 19.26%
• 3Y*: 17.13%
• 5Y*: 8.31%
• 10Y*: 10.55%

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

FEGLX vs. PTDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEGLX Fidelity Advisor Freedom Income Fund Class Z6	4.81%	10.34%	4.42%	8.29%	-11.32%	3.24%	8.90%	11.21%	-1.67%	2.51%
PTDIX Principal LifeTime 2040 Fund	7.80%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-7.95%	9.64%

Correlation

The correlation between FEGLX and PTDIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 8, 2017	0.72

The correlation between FEGLX and PTDIX has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.

Return for Risk

FEGLX vs. PTDIX — Risk / Return Rank

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

FEGLX

FEGLX Risk / Return Rank: 72
FEGLX Sharpe Ratio Rank: 74
FEGLX Sortino Ratio Rank: 76
FEGLX Omega Ratio Rank: 79
FEGLX Calmar Ratio Rank: 62
FEGLX Martin Ratio Rank: 68

PTDIX

PTDIX Risk / Return Rank: 50
PTDIX Sharpe Ratio Rank: 46
PTDIX Sortino Ratio Rank: 46
PTDIX Omega Ratio Rank: 47
PTDIX Calmar Ratio Rank: 49
PTDIX Martin Ratio Rank: 60

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.

FEGLX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class Z6 (FEGLX) and Principal LifeTime 2040 Fund (PTDIX). 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.

	FEGLX	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.51	2.00	+0.51
Sortino ratio: Return per unit of downside risk	3.66	2.84	+0.82
Omega ratio: Gain probability vs. loss probability	1.51	1.37	+0.14
Calmar ratio: Return relative to maximum drawdown	3.01	2.68	+0.33
Martin ratio: Return relative to average drawdown	13.14	11.94	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEGLX vs. PTDIX - Sharpe Ratio Comparison

The current FEGLX Sharpe Ratio is 2.51, which is comparable to the PTDIX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FEGLX and PTDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEGLX	PTDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.00	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.62	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.48	+0.42

Drawdowns

FEGLX vs. PTDIX - Drawdown Comparison

The maximum FEGLX drawdown since its inception was -15.79%, smaller than the maximum PTDIX drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for FEGLX and PTDIX.

Drawdown Indicators

	FEGLX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.79%	-54.38%	+38.59%
Max Drawdown (1Y) Largest decline over 1 year	-3.76%	-7.32%	+3.56%
Max Drawdown (3Y) Largest decline over 3 years	-4.92%	-13.05%	+8.13%
Max Drawdown (5Y) Largest decline over 5 years	-15.79%	-25.43%	+9.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.02%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.90%	-7.49%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.64%	-0.78%

Volatility

FEGLX vs. PTDIX - Volatility Comparison

The current volatility for Fidelity Advisor Freedom Income Fund Class Z6 (FEGLX) is 1.86%, while Principal LifeTime 2040 Fund (PTDIX) has a volatility of 2.89%. This indicates that FEGLX experiences smaller price fluctuations and is considered to be less risky than PTDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGLX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	2.89%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	3.83%	7.85%	-4.02%
Volatility (1Y) Calculated over the trailing 1-year period	4.51%	9.81%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.35%	13.49%	-8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.80%	13.83%	-9.03%

FEGLX vs. PTDIX - Expense Ratio Comparison

FEGLX has a 0.37% expense ratio, which is higher than PTDIX's 0.01% expense ratio.

Dividends

FEGLX vs. PTDIX - Dividend Comparison

FEGLX's dividend yield for the trailing twelve months is around 3.20%, less than PTDIX's 9.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEGLX Fidelity Advisor Freedom Income Fund Class Z6	3.20%	3.37%	3.35%	3.10%	6.08%	5.38%	3.92%	3.86%	5.76%	2.24%	0.00%	0.00%
PTDIX Principal LifeTime 2040 Fund	9.09%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%

Frequently Asked Questions

Can I hold both FEGLX and PTDIX in my portfolio?

FEGLX and PTDIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEGLX or PTDIX?

PTDIX has higher volatility (2.89%) compared to FEGLX (1.86%). In terms of maximum drawdown, FEGLX dropped -15.79% vs PTDIX's -54.38%.

Which has better risk-adjusted returns?

FEGLX currently has the higher Sharpe Ratio (2.51 vs 2.00), 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.