FFFFX vs. PPLIX
FFFFX (Fidelity Freedom 2040 Fund) and PPLIX (Principal LifeTime 2050 Fund) are both Target Retirement Date funds. Over the past 10 years, FFFFX returned 11.49%/yr vs 11.26%/yr for PPLIX. Their 0.98 correlation means they have historically moved very closely together. FFFFX charges 0.66%/yr vs 0.01%/yr for PPLIX.
Performance
FFFFX vs. PPLIX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFFX achieves a 10.42% return, which is significantly higher than PPLIX's 8.51% return. Both investments have delivered pretty close results over the past 10 years, with FFFFX having a 11.49% annualized return and PPLIX not far behind at 11.26%.
FFFFX
- 1D
- 1.94%
- 1M
- -1.18%
- 6M
- 6.83%
- YTD
- 10.42%
- 1Y
- 21.72%
- 3Y*
- 16.45%
- 5Y*
- 9.07%
- 10Y*
- 11.49%
- ALL TIME*
- 6.16%
PPLIX
- 1D
- 1.66%
- 1M
- 0.41%
- 6M
- 5.71%
- YTD
- 8.51%
- 1Y
- 17.70%
- 3Y*
- 16.52%
- 5Y*
- 8.96%
- 10Y*
- 11.26%
- ALL TIME*
- 7.57%
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 |
FFFFX vs. PPLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 10.42% | 22.01% | 13.20% | 20.06% | -18.31% | 16.57% | 18.24% | 25.38% | -8.94% | 22.26% |
PPLIX Principal LifeTime 2050 Fund | 8.51% | 17.55% | 19.12% | 20.36% | -18.78% | 17.04% | 16.56% | 26.67% | -8.74% | 22.12% |
Correlation
The correlation between FFFFX and PPLIX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2001 | 0.98 |
The correlation between FFFFX and PPLIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
FFFFX vs. PPLIX — Risk / Return Rank
FFFFX
PPLIX
FFFFX vs. PPLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) and Principal LifeTime 2050 Fund (PPLIX). 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.
| FFFFX | PPLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.83 | +0.50 |
| Martin ratioReturn relative to average drawdown | 9.61 | 7.85 | +1.77 |
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Drawdowns
FFFFX vs. PPLIX - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -54.10%, roughly equal to the maximum PPLIX drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for FFFFX and PPLIX.
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Drawdown Indicators
| FFFFX | PPLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.10% | -55.61% | +1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -8.57% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -15.59% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -26.85% | -0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | -32.67% | +1.74% |
Current DrawdownCurrent decline from peak | -2.34% | -0.86% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -8.26% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.00% | +0.10% |
Volatility
FFFFX vs. PPLIX - Volatility Comparison
Fidelity Freedom 2040 Fund (FFFFX) has a higher volatility of 3.83% compared to Principal LifeTime 2050 Fund (PPLIX) at 3.39%. This indicates that FFFFX's price experiences larger fluctuations and is considered to be riskier than PPLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFFX | PPLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.39% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 10.35% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 12.57% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 15.60% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 15.55% | -0.50% |
FFFFX vs. PPLIX - Expense Ratio Comparison
FFFFX has a 0.66% expense ratio, which is higher than PPLIX's 0.01% expense ratio.
Dividends
FFFFX vs. PPLIX - Dividend Comparison
FFFFX's dividend yield for the trailing twelve months is around 6.45%, less than PPLIX's 9.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFFX Fidelity Freedom 2040 Fund | 6.45% | 5.07% | 2.63% | 1.72% | 12.33% | 12.09% | 5.67% | 6.69% | 7.97% | 4.37% | 4.05% | 4.81% |
PPLIX Principal LifeTime 2050 Fund | 9.17% | 9.95% | 11.56% | 4.41% | 9.40% | 8.04% | 5.23% | 7.16% | 8.64% | 5.12% | 4.82% | 6.07% |
Frequently Asked Questions
With a correlation of 0.97, FFFFX and PPLIX 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.
FFFFX has higher volatility (3.83%) compared to PPLIX (3.39%). In terms of maximum drawdown, FFFFX dropped -54.10% vs PPLIX's -55.61%.
FFFFX currently has the higher Sharpe Ratio (1.59 vs 1.25), 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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