FHAQX vs. TRRKX
FHAQX (Fidelity Freedom Blend 2045 Fund) and TRRKX (T. Rowe Price Retirement 2045 Fund - Investor Class) are both Target Retirement Date funds. Over the past 5 years, FHAQX returned 9.52%/yr vs 7.50%/yr for TRRKX. Their 0.96 correlation means they have historically moved very closely together. FHAQX charges 0.49%/yr vs 0.60%/yr for TRRKX.
Performance
FHAQX vs. TRRKX - Performance Comparison
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Returns By Period
In the year-to-date period, FHAQX achieves a 12.15% return, which is significantly higher than TRRKX's 10.78% return.
FHAQX
- 1D
- 0.43%
- 1M
- -0.60%
- 6M
- 7.75%
- YTD
- 12.15%
- 1Y
- 24.46%
- 3Y*
- 17.53%
- 5Y*
- 9.52%
- 10Y*
- —
- ALL TIME*
- 10.79%
TRRKX
- 1D
- 0.28%
- 1M
- 0.21%
- 6M
- 6.63%
- YTD
- 10.78%
- 1Y
- 17.48%
- 3Y*
- 14.44%
- 5Y*
- 7.50%
- 10Y*
- 10.76%
- ALL TIME*
- 8.67%
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 |
FHAQX vs. TRRKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHAQX Fidelity Freedom Blend 2045 Fund | 12.15% | 22.54% | 13.58% | 20.50% | -19.03% | 16.23% | 17.77% | 26.42% | -14.60% |
TRRKX T. Rowe Price Retirement 2045 Fund - Investor Class | 10.78% | 14.20% | 13.94% | 20.52% | -19.03% | 15.80% | 18.64% | 25.41% | -11.68% |
Correlation
The correlation between FHAQX and TRRKX is 0.95, 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.96 |
The correlation between FHAQX and TRRKX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
FHAQX vs. TRRKX — Risk / Return Rank
FHAQX
TRRKX
FHAQX vs. TRRKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2045 Fund (FHAQX) and T. Rowe Price Retirement 2045 Fund - Investor Class (TRRKX). 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.
| FHAQX | TRRKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.76 | +0.70 |
| Martin ratioReturn relative to average drawdown | 10.25 | 7.13 | +3.12 |
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Drawdowns
FHAQX vs. TRRKX - Drawdown Comparison
The maximum FHAQX drawdown since its inception was -31.34%, smaller than the maximum TRRKX drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for FHAQX and TRRKX.
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Drawdown Indicators
| FHAQX | TRRKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -53.54% | +22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.49% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -15.16% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.79% | -28.75% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.48% | — |
Current DrawdownCurrent decline from peak | -1.79% | -0.67% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -7.17% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.32% | -0.06% |
Volatility
FHAQX vs. TRRKX - Volatility Comparison
Fidelity Freedom Blend 2045 Fund (FHAQX) has a higher volatility of 4.21% compared to T. Rowe Price Retirement 2045 Fund - Investor Class (TRRKX) at 3.32%. This indicates that FHAQX's price experiences larger fluctuations and is considered to be riskier than TRRKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAQX | TRRKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.32% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 10.61% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 13.06% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.29% | 15.04% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 15.28% | +1.64% |
FHAQX vs. TRRKX - Expense Ratio Comparison
FHAQX has a 0.49% expense ratio, which is lower than TRRKX's 0.60% expense ratio.
Dividends
FHAQX vs. TRRKX - Dividend Comparison
FHAQX's dividend yield for the trailing twelve months is around 3.57%, while TRRKX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAQX Fidelity Freedom Blend 2045 Fund | 3.57% | 2.64% | 2.34% | 1.89% | 6.27% | 8.65% | 4.90% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% |
TRRKX T. Rowe Price Retirement 2045 Fund - Investor Class | 0.00% | 0.00% | 1.96% | 4.40% | 7.83% | 5.58% | 4.52% | 5.94% | 8.98% | 3.52% | 3.20% | 4.25% |
Frequently Asked Questions
With a correlation of 0.95, FHAQX and TRRKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FHAQX has higher volatility (4.21%) compared to TRRKX (3.32%). In terms of maximum drawdown, FHAQX dropped -31.34% vs TRRKX's -53.54%.
FHAQX currently has the higher Sharpe Ratio (1.66 vs 1.28), 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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