FHBEX vs. PTDIX

Last updated Jun 4, 2026

FHBEX (Fidelity Freedom Blend 2025 Fund Class K) and PTDIX (Principal LifeTime 2040 Fund) are both Target Retirement Date funds. Over the past 5 years, FHBEX returned 5.75%/yr vs 8.31%/yr for PTDIX. Their correlation of 0.94 suggests significant overlap in exposure. FHBEX charges 0.35%/yr vs 0.01%/yr for PTDIX.

Performance

FHBEX vs. PTDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2025 Fund Class K (FHBEX) and Principal LifeTime 2040 Fund (PTDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHBEX achieves a 8.27% return, which is significantly higher than PTDIX's 7.80% return.

FHBEX

• 1D: 0.46%
• 1M: 3.25%
• YTD: 8.27%
• 6M: 8.87%
• 1Y: 19.52%
• 3Y*: 13.11%
• 5Y*: 5.75%
• 10Y*: —

PTDIX

• 1D: 0.34%
• 1M: 3.88%
• YTD: 7.80%
• 6M: 8.09%
• 1Y: 19.26%
• 3Y*: 17.13%
• 5Y*: 8.31%
• 10Y*: 10.55%

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

FHBEX vs. PTDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHBEX Fidelity Freedom Blend 2025 Fund Class K	8.27%	15.97%	7.95%	14.17%	-17.17%	9.81%	14.31%	20.12%	-7.70%
PTDIX Principal LifeTime 2040 Fund	7.80%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-12.09%

Correlation

The correlation between FHBEX and PTDIX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.94

The correlation between FHBEX and PTDIX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

FHBEX vs. PTDIX — Risk / Return Rank

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

FHBEX

FHBEX Risk / Return Rank: 70
FHBEX Sharpe Ratio Rank: 71
FHBEX Sortino Ratio Rank: 69
FHBEX Omega Ratio Rank: 72
FHBEX Calmar Ratio Rank: 65
FHBEX Martin Ratio Rank: 71

PTDIX

PTDIX Risk / Return Rank: 50
PTDIX Sharpe Ratio Rank: 46
PTDIX Sortino Ratio Rank: 46
PTDIX Omega Ratio Rank: 47
PTDIX Calmar Ratio Rank: 49
PTDIX Martin Ratio Rank: 60

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.

FHBEX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2025 Fund Class K (FHBEX) and Principal LifeTime 2040 Fund (PTDIX). 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.

	FHBEX	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.00	+0.46
Sortino ratio: Return per unit of downside risk	3.50	2.84	+0.66
Omega ratio: Gain probability vs. loss probability	1.48	1.37	+0.11
Calmar ratio: Return relative to maximum drawdown	3.12	2.68	+0.43
Martin ratio: Return relative to average drawdown	13.59	11.94	+1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHBEX vs. PTDIX - Sharpe Ratio Comparison

The current FHBEX Sharpe Ratio is 2.47, which is comparable to the PTDIX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FHBEX and PTDIX, 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

	FHBEX	PTDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.00	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.62	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.48	+0.24

Drawdowns

FHBEX vs. PTDIX - Drawdown Comparison

The maximum FHBEX drawdown since its inception was -23.94%, smaller than the maximum PTDIX drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for FHBEX and PTDIX.

Drawdown Indicators

	FHBEX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.94%	-54.38%	+30.44%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-7.32%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-8.91%	-13.05%	+4.14%
Max Drawdown (5Y) Largest decline over 5 years	-23.94%	-25.43%	+1.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.02%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.07%	-7.49%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.64%	-0.19%

Volatility

FHBEX vs. PTDIX - Volatility Comparison

Fidelity Freedom Blend 2025 Fund Class K (FHBEX) and Principal LifeTime 2040 Fund (PTDIX) have volatilities of 2.92% and 2.89%, 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.

Volatility by Period

	FHBEX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.89%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	6.64%	7.85%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	9.81%	-1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.01%	13.49%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.94%	13.83%	-2.89%

FHBEX vs. PTDIX - Expense Ratio Comparison

FHBEX has a 0.35% expense ratio, which is higher than PTDIX's 0.01% expense ratio.

Dividends

FHBEX vs. PTDIX - Dividend Comparison

FHBEX's dividend yield for the trailing twelve months is around 3.32%, less than PTDIX's 9.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHBEX Fidelity Freedom Blend 2025 Fund Class K	3.32%	2.52%	2.31%	2.36%	5.56%	6.84%	4.33%	3.22%	2.19%	0.00%	0.00%	0.00%
PTDIX Principal LifeTime 2040 Fund	9.09%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%

Frequently Asked Questions

Can I hold both FHBEX and PTDIX in my portfolio?

With a correlation of 0.95, FHBEX and PTDIX 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.

Which is riskier, FHBEX or PTDIX?

FHBEX has higher volatility (2.92%) compared to PTDIX (2.89%). In terms of maximum drawdown, FHBEX dropped -23.94% vs PTDIX's -54.38%.

Which has better risk-adjusted returns?

FHBEX currently has the higher Sharpe Ratio (2.47 vs 2.00), 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.