FFIZX vs. DRILX
FFIZX (Fidelity Freedom Index 2040 Fund Institutional Premium Class) and DRILX (Dimensional 2060 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, FFIZX returned 11.53%/yr vs 12.69%/yr for DRILX. With a 0.97 correlation, they move nearly in lockstep. FFIZX charges 0.08%/yr vs 0.22%/yr for DRILX.
Performance
FFIZX vs. DRILX - Performance Comparison
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Returns By Period
In the year-to-date period, FFIZX achieves a 10.94% return, which is significantly lower than DRILX's 12.39% return. Over the past 10 years, FFIZX has underperformed DRILX with an annualized return of 11.53%, while DRILX has yielded a comparatively higher 12.69% annualized return.
FFIZX
- 1D
- 0.38%
- 1M
- 4.87%
- YTD
- 10.94%
- 6M
- 11.70%
- 1Y
- 25.67%
- 3Y*
- 18.11%
- 5Y*
- 9.29%
- 10Y*
- 11.53%
DRILX
- 1D
- 0.35%
- 1M
- 5.03%
- YTD
- 12.39%
- 6M
- 13.17%
- 1Y
- 28.14%
- 3Y*
- 20.47%
- 5Y*
- 11.73%
- 10Y*
- 12.69%
FFIZX vs. DRILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 10.94% | 19.93% | 13.37% | 19.44% | -18.15% | 15.97% | 16.51% | 26.01% | -7.20% | 20.57% |
DRILX Dimensional 2060 Target Date Retirement Income Fund | 12.39% | 19.66% | 17.10% | 21.37% | -15.28% | 21.08% | 14.10% | 25.61% | -9.07% | 21.51% |
Correlation
The correlation between FFIZX and DRILX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.97 |
The correlation between FFIZX and DRILX has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
FFIZX vs. DRILX — Risk / Return Rank
FFIZX
DRILX
FFIZX vs. DRILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). 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.
| FFIZX | DRILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.52 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.70 | -0.48 |
| Martin ratioReturn relative to average drawdown | 14.06 | 16.18 | -2.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFIZX | DRILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.87 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.81 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.82 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.82 | -0.11 |
Drawdowns
FFIZX vs. DRILX - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -30.69%, smaller than the maximum DRILX drawdown of -33.48%. Use the drawdown chart below to compare losses from any high point for FFIZX and DRILX.
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Drawdown Indicators
| FFIZX | DRILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -33.48% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -8.58% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -15.76% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -23.50% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -33.48% | +2.79% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -4.24% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.88% | -0.03% |
Volatility
FFIZX vs. DRILX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX) have volatilities of 3.21% and 3.12%, 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.
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Volatility by Period
| FFIZX | DRILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.12% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 8.72% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 11.07% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 14.84% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 15.75% | -0.87% |
FFIZX vs. DRILX - Expense Ratio Comparison
FFIZX has a 0.08% expense ratio, which is lower than DRILX's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FFIZX vs. DRILX - Dividend Comparison
FFIZX's dividend yield for the trailing twelve months is around 2.24%, more than DRILX's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRILX Dimensional 2060 Target Date Retirement Income Fund | 1.34% | 1.47% | 2.40% | 3.26% | 3.97% | 2.25% | 2.11% | 2.12% | 2.25% | 0.91% | 1.96% | 0.00% |
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.24% | 2.38% | 2.23% | 2.00% | 2.13% | 2.08% | 2.02% | 18.32% | 2.26% | 1.86% | 2.04% | 2.04% |
Frequently Asked Questions
FFIZX and DRILX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFIZX has higher volatility (3.21%) compared to DRILX (3.12%). In terms of maximum drawdown, FFIZX dropped -30.69% vs DRILX's -33.48%.
DRILX currently has the higher Sharpe Ratio (2.87 vs 2.50), 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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