FFFVX vs. TRRFX
Compare and contrast key facts about Fidelity Freedom 2005 Fund (FFFVX) and T. Rowe Price Retirement 2005 Fund (TRRFX).
FFFVX is managed by Fidelity. It was launched on Nov 6, 2003. TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFVX or TRRFX.
Key characteristics
| FFFVX | TRRFX | |
|---|---|---|
| YTD Return | 2.45% | 9.47% |
| 1Y Return | 7.78% | 16.07% |
| 3Y Return (Ann) | -0.54% | 2.48% |
| 5Y Return (Ann) | 2.79% | 5.70% |
| 10Y Return (Ann) | 3.90% | 5.23% |
| Sharpe Ratio | 1.62 | 2.58 |
| Daily Std Dev | 4.74% | 6.08% |
| Max Drawdown | -32.63% | -33.29% |
| Current Drawdown | -3.08% | 0.00% |
Correlation
The correlation between FFFVX and TRRFX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FFFVX vs. TRRFX - Performance Comparison
In the year-to-date period, FFFVX achieves a 2.45% return, which is significantly lower than TRRFX's 9.47% return. Over the past 10 years, FFFVX has underperformed TRRFX with an annualized return of 3.90%, while TRRFX has yielded a comparatively higher 5.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFFVX vs. TRRFX - Expense Ratio Comparison
FFFVX has a 0.47% expense ratio, which is lower than TRRFX's 0.49% expense ratio.
Risk-Adjusted Performance
FFFVX vs. TRRFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2005 Fund (FFFVX) and T. Rowe Price Retirement 2005 Fund (TRRFX). 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.
Dividends
FFFVX vs. TRRFX - Dividend Comparison
FFFVX's dividend yield for the trailing twelve months is around 3.38%, less than TRRFX's 3.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFVX Fidelity Freedom 2005 Fund | 3.38% | 2.92% | 6.38% | 7.57% | 4.35% | 4.48% | 5.61% | 3.81% | 3.08% | 4.39% | 5.15% | 3.45% |
TRRFX T. Rowe Price Retirement 2005 Fund | 3.87% | 4.24% | 10.43% | 10.54% | 8.55% | 3.65% | 6.97% | 4.25% | 3.15% | 3.78% | 4.08% | 3.10% |
Drawdowns
FFFVX vs. TRRFX - Drawdown Comparison
The maximum FFFVX drawdown since its inception was -32.63%, roughly equal to the maximum TRRFX drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for FFFVX and TRRFX. For additional features, visit the drawdowns tool.
Volatility
FFFVX vs. TRRFX - Volatility Comparison
The current volatility for Fidelity Freedom 2005 Fund (FFFVX) is 0.00%, while T. Rowe Price Retirement 2005 Fund (TRRFX) has a volatility of 1.71%. This indicates that FFFVX experiences smaller price fluctuations and is considered to be less risky than TRRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.