FFFHX vs. DFFVX

Last updated Jun 5, 2026

FFFHX (Fidelity Freedom 2050 Fund) and DFFVX (DFA U.S. Targeted Value Portfolio) are both mutual funds - FFFHX is a Target Retirement Date fund managed by Fidelity, while DFFVX is a Small Cap Value Equities fund managed by Dimensional. Over the past 10 years, FFFHX returned 12.36%/yr vs 10.96%/yr for DFFVX. Their correlation of 0.86 suggests significant overlap in exposure. FFFHX charges 0.75%/yr vs 0.29%/yr for DFFVX.

Performance

FFFHX vs. DFFVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2050 Fund (FFFHX) and DFA U.S. Targeted Value Portfolio (DFFVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FFFHX having a 13.04% return and DFFVX slightly higher at 13.67%. Over the past 10 years, FFFHX has outperformed DFFVX with an annualized return of 12.36%, while DFFVX has yielded a comparatively lower 10.96% annualized return.

FFFHX

• 1D: -0.51%
• 1M: 3.46%
• YTD: 13.04%
• 6M: 14.62%
• 1Y: 29.82%
• 3Y*: 20.41%
• 5Y*: 10.09%
• 10Y*: 12.36%

DFFVX

• 1D: -0.78%
• 1M: 0.26%
• YTD: 13.67%
• 6M: 13.81%
• 1Y: 32.03%
• 3Y*: 17.21%
• 5Y*: 8.55%
• 10Y*: 10.96%

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

FFFHX vs. DFFVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFFHX Fidelity Freedom 2050 Fund	13.04%	23.72%	14.11%	20.45%	-18.29%	16.59%	18.25%	25.33%	-8.90%	22.29%
DFFVX DFA U.S. Targeted Value Portfolio	13.67%	9.53%	9.34%	19.37%	-4.66%	31.53%	3.78%	21.51%	-15.79%	9.20%

Correlation

The correlation between FFFHX and DFFVX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 5, 2006	0.86

The correlation between FFFHX and DFFVX shifts across timeframes, from 0.69 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FFFHX vs. DFFVX — Risk / Return Rank

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

FFFHX

FFFHX Risk / Return Rank: 67
FFFHX Sharpe Ratio Rank: 66
FFFHX Sortino Ratio Rank: 62
FFFHX Omega Ratio Rank: 64
FFFHX Calmar Ratio Rank: 66
FFFHX Martin Ratio Rank: 74

DFFVX

DFFVX Risk / Return Rank: 48
DFFVX Sharpe Ratio Rank: 40
DFFVX Sortino Ratio Rank: 42
DFFVX Omega Ratio Rank: 38
DFFVX Calmar Ratio Rank: 70
DFFVX Martin Ratio Rank: 51

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.

FFFHX vs. DFFVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2050 Fund (FFFHX) and DFA U.S. Targeted Value Portfolio (DFFVX). 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.

	FFFHX	DFFVX	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.85	+0.55
Sortino ratio: Return per unit of downside risk	3.31	2.74	+0.57
Omega ratio: Gain probability vs. loss probability	1.44	1.33	+0.12
Calmar ratio: Return relative to maximum drawdown	3.14	3.23	-0.09
Martin ratio: Return relative to average drawdown	13.97	10.49	+3.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFFHX vs. DFFVX - Sharpe Ratio Comparison

The current FFFHX Sharpe Ratio is 2.40, which is comparable to the DFFVX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FFFHX and DFFVX, 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

	FFFHX	DFFVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.85	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.40	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.46	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.47	0.00

Drawdowns

FFFHX vs. DFFVX - Drawdown Comparison

The maximum FFFHX drawdown since its inception was -56.38%, smaller than the maximum DFFVX drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for FFFHX and DFFVX.

Drawdown Indicators

	FFFHX	DFFVX	Difference
Max Drawdown Largest peak-to-trough decline	-56.38%	-64.21%	+7.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.70%	-9.70%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-26.09%	+10.73%
Max Drawdown (5Y) Largest decline over 5 years	-27.39%	-26.09%	-1.30%
Max Drawdown (10Y) Largest decline over 10 years	-30.91%	-50.75%	+19.84%
Current Drawdown Current decline from peak	-0.51%	-0.78%	+0.27%
Average Drawdown Average peak-to-trough decline	-8.83%	-9.71%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.99%	-0.81%

Volatility

FFFHX vs. DFFVX - Volatility Comparison

Fidelity Freedom 2050 Fund (FFFHX) and DFA U.S. Targeted Value Portfolio (DFFVX) have volatilities of 4.27% and 4.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFHX	DFFVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.17%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	11.08%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	17.03%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.00%	21.55%	-6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	23.67%	-8.30%

FFFHX vs. DFFVX - Expense Ratio Comparison

FFFHX has a 0.75% expense ratio, which is higher than DFFVX's 0.29% expense ratio.

Dividends

FFFHX vs. DFFVX - Dividend Comparison

FFFHX's dividend yield for the trailing twelve months is around 5.29%, more than DFFVX's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFFVX DFA U.S. Targeted Value Portfolio	1.51%	1.69%	1.40%	2.26%	5.17%	2.74%	1.52%	3.82%	5.95%	5.16%	3.95%	5.84%
FFFHX Fidelity Freedom 2050 Fund	5.29%	4.14%	1.86%	1.78%	11.83%	11.76%	4.93%	6.48%	7.69%	3.98%	4.12%	4.16%

Frequently Asked Questions

Can I hold both FFFHX and DFFVX in my portfolio?

FFFHX and DFFVX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFFHX or DFFVX?

FFFHX has higher volatility (4.27%) compared to DFFVX (4.17%). In terms of maximum drawdown, FFFHX dropped -56.38% vs DFFVX's -64.21%.

Which has better risk-adjusted returns?

FFFHX currently has the higher Sharpe Ratio (2.40 vs 1.85), 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.