FFFEX vs. TRRHX
FFFEX (Fidelity Freedom 2030 Fund) and TRRHX (T. Rowe Price Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, FFFEX returned 9.64%/yr vs 7.91%/yr for TRRHX. With a 0.97 correlation, they move nearly in lockstep. FFFEX charges 0.61%/yr vs 0.55%/yr for TRRHX.
Performance
FFFEX vs. TRRHX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFEX achieves a 9.63% return, which is significantly higher than TRRHX's 6.63% return. Over the past 10 years, FFFEX has outperformed TRRHX with an annualized return of 9.64%, while TRRHX has yielded a comparatively lower 7.91% annualized return.
FFFEX
- 1D
- 1.02%
- 1M
- 2.41%
- YTD
- 9.63%
- 6M
- 9.73%
- 1Y
- 21.65%
- 3Y*
- 14.08%
- 5Y*
- 6.97%
- 10Y*
- 9.64%
TRRHX
- 1D
- 0.70%
- 1M
- 0.97%
- YTD
- 6.63%
- 6M
- 6.57%
- 1Y
- 9.23%
- 3Y*
- 9.75%
- 5Y*
- 4.74%
- 10Y*
- 7.91%
FFFEX vs. TRRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 9.63% | 17.68% | 9.22% | 15.37% | -16.97% | 11.53% | 15.64% | 21.82% | -7.02% | 19.83% |
TRRHX T. Rowe Price Retirement 2025 Fund | 6.63% | 6.59% | 9.71% | 14.63% | -15.59% | 12.02% | 14.68% | 20.96% | -5.68% | 17.69% |
Correlation
The correlation between FFFEX and TRRHX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2004 | 0.97 |
The correlation between FFFEX and TRRHX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
FFFEX vs. TRRHX — Risk / Return Rank
FFFEX
TRRHX
FFFEX vs. TRRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund (FFFEX) and T. Rowe Price Retirement 2025 Fund (TRRHX). 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.
| FFFEX | TRRHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.20 | +1.91 |
| Martin ratioReturn relative to average drawdown | 13.34 | 3.62 | +9.72 |
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Drawdowns
FFFEX vs. TRRHX - Drawdown Comparison
The maximum FFFEX drawdown since its inception was -51.83%, roughly equal to the maximum TRRHX drawdown of -50.04%. Use the drawdown chart below to compare losses from any high point for FFFEX and TRRHX.
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Drawdown Indicators
| FFFEX | TRRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -50.04% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -7.80% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -8.69% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -22.00% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -24.64% | -26.42% | +1.78% |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -5.76% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.55% | -0.94% |
Volatility
FFFEX vs. TRRHX - Volatility Comparison
Fidelity Freedom 2030 Fund (FFFEX) has a higher volatility of 3.98% compared to T. Rowe Price Retirement 2025 Fund (TRRHX) at 2.97%. This indicates that FFFEX's price experiences larger fluctuations and is considered to be riskier than TRRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFEX | TRRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 2.97% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 8.16% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 9.09% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 10.02% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.44% | 10.84% | +0.60% |
FFFEX vs. TRRHX - Expense Ratio Comparison
FFFEX has a 0.61% expense ratio, which is higher than TRRHX's 0.55% expense ratio.
Dividends
FFFEX vs. TRRHX - Dividend Comparison
FFFEX's dividend yield for the trailing twelve months is around 6.00%, while TRRHX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 6.00% | 5.44% | 2.94% | 1.87% | 10.06% | 10.92% | 6.24% | 6.79% | 7.32% | 4.60% | 3.86% | 4.52% |
TRRHX T. Rowe Price Retirement 2025 Fund | 0.00% | 0.00% | 4.13% | 6.58% | 12.69% | 10.87% | 5.21% | 4.95% | 7.52% | 3.70% | 2.00% | 3.11% |
Frequently Asked Questions
With a correlation of 0.94, FFFEX and TRRHX 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.
FFFEX has higher volatility (3.98%) compared to TRRHX (2.97%). In terms of maximum drawdown, FFFEX dropped -51.83% vs TRRHX's -50.04%.
FFFEX currently has the higher Sharpe Ratio (2.29 vs 1.03), 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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