FFFIX vs. DTDRX

Last updated Jun 6, 2026

FFFIX (Fidelity Advisor Freedom 2045 Fund Class I) and DTDRX (Dimensional 2065 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, FFFIX returned 9.57%/yr vs 11.40%/yr for DTDRX. With a 0.96 correlation, they move nearly in lockstep. FFFIX charges 0.75%/yr vs 0.22%/yr for DTDRX.

Performance

FFFIX vs. DTDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2045 Fund Class I (FFFIX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FFFIX having a 12.14% return and DTDRX slightly lower at 12.04%.

FFFIX

• 1D: 0.42%
• 1M: 2.47%
• YTD: 12.14%
• 6M: 13.33%
• 1Y: 26.64%
• 3Y*: 19.88%
• 5Y*: 9.57%
• 10Y*: 11.99%

DTDRX

• 1D: 0.36%
• 1M: 2.80%
• YTD: 12.04%
• 6M: 12.44%
• 1Y: 27.85%
• 3Y*: 20.31%
• 5Y*: 11.40%
• 10Y*: —

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

FFFIX vs. DTDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FFFIX Fidelity Advisor Freedom 2045 Fund Class I	12.14%	23.01%	13.79%	19.24%	-18.13%	15.96%	17.59%
DTDRX Dimensional 2065 Target Date Retirement Income Fund	12.04%	19.28%	17.13%	21.29%	-15.25%	20.99%	13.15%

Correlation

The correlation between FFFIX and DTDRX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.96

The correlation between FFFIX and DTDRX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

Return for Risk

FFFIX vs. DTDRX — Risk / Return Rank

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

FFFIX

FFFIX Risk / Return Rank: 60
FFFIX Sharpe Ratio Rank: 59
FFFIX Sortino Ratio Rank: 56
FFFIX Omega Ratio Rank: 58
FFFIX Calmar Ratio Rank: 59
FFFIX Martin Ratio Rank: 67

DTDRX

DTDRX Risk / Return Rank: 83
DTDRX Sharpe Ratio Rank: 86
DTDRX Sortino Ratio Rank: 83
DTDRX Omega Ratio Rank: 79
DTDRX Calmar Ratio Rank: 81
DTDRX Martin Ratio Rank: 86

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.

FFFIX vs. DTDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2045 Fund Class I (FFFIX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). 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.

	FFFIX	DTDRX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.77	-0.57
Sortino ratio: Return per unit of downside risk	3.05	3.89	-0.83
Omega ratio: Gain probability vs. loss probability	1.41	1.50	-0.09
Calmar ratio: Return relative to maximum drawdown	2.85	3.57	-0.72
Martin ratio: Return relative to average drawdown	12.46	15.67	-3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFFIX vs. DTDRX - Sharpe Ratio Comparison

The current FFFIX Sharpe Ratio is 2.19, which is comparable to the DTDRX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of FFFIX and DTDRX, 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

	FFFIX	DTDRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.77	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.78	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.70	-0.22

Drawdowns

FFFIX vs. DTDRX - Drawdown Comparison

The maximum FFFIX drawdown since its inception was -56.61%, which is greater than DTDRX's maximum drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for FFFIX and DTDRX.

Drawdown Indicators

	FFFIX	DTDRX	Difference
Max Drawdown Largest peak-to-trough decline	-56.61%	-33.33%	-23.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-8.57%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.13%	-15.95%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-27.37%	-23.47%	-3.90%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.31%	+0.13%
Average Drawdown Average peak-to-trough decline	-8.59%	-5.09%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.88%	+0.32%

Volatility

FFFIX vs. DTDRX - Volatility Comparison

Fidelity Advisor Freedom 2045 Fund Class I (FFFIX) has a higher volatility of 4.16% compared to Dimensional 2065 Target Date Retirement Income Fund (DTDRX) at 3.08%. This indicates that FFFIX's price experiences larger fluctuations and is considered to be riskier than DTDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFIX	DTDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	3.08%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	8.69%	+1.62%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	11.07%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	14.87%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	19.16%	-3.69%

FFFIX vs. DTDRX - Expense Ratio Comparison

FFFIX has a 0.75% expense ratio, which is higher than DTDRX's 0.22% expense ratio.

Dividends

FFFIX vs. DTDRX - Dividend Comparison

FFFIX's dividend yield for the trailing twelve months is around 6.98%, more than DTDRX's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTDRX Dimensional 2065 Target Date Retirement Income Fund	1.38%	1.31%	2.07%	1.94%	2.01%	1.53%	2.55%	0.00%	0.00%	0.00%	0.00%	0.00%
FFFIX Fidelity Advisor Freedom 2045 Fund Class I	6.98%	6.23%	0.28%	1.38%	10.86%	9.63%	5.33%	6.99%	11.77%	4.73%	4.81%	4.00%

Frequently Asked Questions

Can I hold both FFFIX and DTDRX in my portfolio?

FFFIX and DTDRX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFFIX or DTDRX?

FFFIX has higher volatility (4.16%) compared to DTDRX (3.08%). In terms of maximum drawdown, FFFIX dropped -56.61% vs DTDRX's -33.33%.

Which has better risk-adjusted returns?

DTDRX currently has the higher Sharpe Ratio (2.77 vs 2.19), 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.