FHANX vs. PDDDX
FHANX (Fidelity Freedom Blend 2060 Fund) and PDDDX (Prudential Day One 2020 Fund) are both Target Retirement Date funds. Over the past 5 years, FHANX returned 10.34%/yr vs 10.30%/yr for PDDDX. Their correlation of 0.88 means they have usually moved in the same direction. FHANX charges 0.49%/yr vs 0.76%/yr for PDDDX.
Performance
FHANX vs. PDDDX - Performance Comparison
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Returns By Period
In the year-to-date period, FHANX achieves a 13.91% return, which is significantly higher than PDDDX's 5.48% return.
FHANX
- 1D
- 1.25%
- 1M
- 0.65%
- 6M
- 9.45%
- YTD
- 13.91%
- 1Y
- 24.79%
- 3Y*
- 19.95%
- 5Y*
- 10.34%
- 10Y*
- —
- ALL TIME*
- 11.33%
PDDDX
- 1D
- 0.27%
- 1M
- 0.27%
- 6M
- 3.88%
- YTD
- 5.48%
- 1Y
- 9.84%
- 3Y*
- 11.96%
- 5Y*
- 10.30%
- 10Y*
- —
- ALL TIME*
- 9.13%
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 |
FHANX vs. PDDDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHANX Fidelity Freedom Blend 2060 Fund | 13.91% | 22.68% | 16.50% | 20.52% | -19.09% | 16.27% | 17.81% | 26.33% | -14.80% |
PDDDX Prudential Day One 2020 Fund | 5.48% | 10.40% | 15.97% | 9.52% | -12.63% | 36.80% | 8.13% | 14.99% | -6.37% |
Correlation
The correlation between FHANX and PDDDX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.88 |
The correlation between FHANX and PDDDX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
FHANX vs. PDDDX — Risk / Return Rank
FHANX
PDDDX
FHANX vs. PDDDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2060 Fund (FHANX) and Prudential Day One 2020 Fund (PDDDX). 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.
| FHANX | PDDDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.70 | +0.05 |
| Martin ratioReturn relative to average drawdown | 11.46 | 12.00 | -0.55 |
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Drawdowns
FHANX vs. PDDDX - Drawdown Comparison
The maximum FHANX drawdown since its inception was -31.31%, which is greater than PDDDX's maximum drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for FHANX and PDDDX.
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Drawdown Indicators
| FHANX | PDDDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -18.88% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -3.90% | -5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.59% | -6.05% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -27.83% | -16.64% | -11.19% |
Current DrawdownCurrent decline from peak | -0.58% | -0.27% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -2.96% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.87% | +1.45% |
Volatility
FHANX vs. PDDDX - Volatility Comparison
Fidelity Freedom Blend 2060 Fund (FHANX) has a higher volatility of 4.49% compared to Prudential Day One 2020 Fund (PDDDX) at 1.35%. This indicates that FHANX's price experiences larger fluctuations and is considered to be riskier than PDDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHANX | PDDDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 1.35% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 4.29% | +8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.35% | 5.26% | +9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 13.77% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 11.30% | +5.65% |
FHANX vs. PDDDX - Expense Ratio Comparison
FHANX has a 0.49% expense ratio, which is lower than PDDDX's 0.76% expense ratio.
Dividends
FHANX vs. PDDDX - Dividend Comparison
FHANX's dividend yield for the trailing twelve months is around 3.24%, less than PDDDX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FHANX Fidelity Freedom Blend 2060 Fund | 3.24% | 2.41% | 5.23% | 1.94% | 5.86% | 8.01% | 4.12% | 2.90% | 0.00% | 0.00% |
PDDDX Prudential Day One 2020 Fund | 3.84% | 4.05% | 19.73% | 3.22% | 8.41% | 28.05% | 1.91% | 3.76% | 3.05% | 0.86% |
Frequently Asked Questions
FHANX and PDDDX 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.
FHANX has higher volatility (4.49%) compared to PDDDX (1.35%). In terms of maximum drawdown, FHANX dropped -31.31% vs PDDDX's -18.88%.
PDDDX currently has the higher Sharpe Ratio (2.00 vs 1.86), 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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