FHGDX vs. DRILX

Last updated Jun 24, 2026

FHGDX (Fidelity Advisor Freedom Blend 2035 Fund Class I) and DRILX (Dimensional 2060 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, FHGDX returned 8.09%/yr vs 11.56%/yr for DRILX. Their correlation of 0.95 suggests significant overlap in exposure. FHGDX charges 0.48%/yr vs 0.22%/yr for DRILX.

Performance

FHGDX vs. DRILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2035 Fund Class I (FHGDX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHGDX achieves a 10.33% return, which is significantly lower than DRILX's 11.48% return.

FHGDX

• 1D: -0.27%
• 1M: 2.28%
• YTD: 10.33%
• 6M: 10.05%
• 1Y: 22.63%
• 3Y*: 16.80%
• 5Y*: 8.09%
• 10Y*: —

DRILX

• 1D: -0.16%
• 1M: 1.10%
• YTD: 11.48%
• 6M: 10.71%
• 1Y: 26.12%
• 3Y*: 19.74%
• 5Y*: 11.56%
• 10Y*: 13.01%

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

FHGDX vs. DRILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHGDX Fidelity Advisor Freedom Blend 2035 Fund Class I	10.33%	18.38%	13.26%	17.63%	-18.37%	14.09%	16.67%	25.54%	-11.20%
DRILX Dimensional 2060 Target Date Retirement Income Fund	11.48%	19.66%	17.10%	21.37%	-15.28%	21.08%	14.10%	25.61%	-12.98%

Correlation

The correlation between FHGDX and DRILX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.95

The correlation between FHGDX and DRILX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

FHGDX vs. DRILX — Risk / Return Rank

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

FHGDX

FHGDX Risk / Return Rank: 73
FHGDX Sharpe Ratio Rank: 72
FHGDX Sortino Ratio Rank: 70
FHGDX Omega Ratio Rank: 73
FHGDX Calmar Ratio Rank: 73
FHGDX Martin Ratio Rank: 77

DRILX

DRILX Risk / Return Rank: 80
DRILX Sharpe Ratio Rank: 82
DRILX Sortino Ratio Rank: 78
DRILX Omega Ratio Rank: 76
DRILX Calmar Ratio Rank: 79
DRILX Martin Ratio Rank: 84

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.

FHGDX vs. DRILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2035 Fund Class I (FHGDX) 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.

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.

	FHGDX	DRILX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.48	-0.20
Sortino ratio: Return per unit of downside risk	3.19	3.42	-0.24
Omega ratio: Gain probability vs. loss probability	1.44	1.45	-0.01
Calmar ratio: Return relative to maximum drawdown	3.16	3.40	-0.24
Martin ratio: Return relative to average drawdown	13.43	14.59	-1.16

FHGDX vs. DRILX - Sharpe Ratio Comparison

The current FHGDX Sharpe Ratio is 2.28, which is comparable to the DRILX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FHGDX and DRILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHGDX vs. DRILX - Drawdown Comparison

The maximum FHGDX drawdown since its inception was -29.13%, smaller than the maximum DRILX drawdown of -33.48%. Use the drawdown chart below to compare losses from any high point for FHGDX and DRILX.

Drawdown Indicators

	FHGDX	DRILX	Difference
Max Drawdown Largest peak-to-trough decline	-29.13%	-33.48%	+4.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-8.58%	+1.17%
Max Drawdown (3Y) Largest decline over 3 years	-11.65%	-15.76%	+4.11%
Max Drawdown (5Y) Largest decline over 5 years	-26.39%	-23.50%	-2.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.48%	—
Current Drawdown Current decline from peak	-0.27%	-0.81%	+0.54%
Average Drawdown Average peak-to-trough decline	-5.63%	-4.22%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.93%	-0.19%

Volatility

FHGDX vs. DRILX - Volatility Comparison

Fidelity Advisor Freedom Blend 2035 Fund Class I (FHGDX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX) have volatilities of 4.26% and 4.48%, 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

	FHGDX	DRILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	4.48%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	9.58%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	11.77%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.62%	14.93%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.72%	15.78%	-1.06%

FHGDX vs. DRILX - Expense Ratio Comparison

FHGDX has a 0.48% expense ratio, which is higher than DRILX's 0.22% expense ratio.

Dividends

FHGDX vs. DRILX - Dividend Comparison

FHGDX's dividend yield for the trailing twelve months is around 3.48%, more than DRILX's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRILX Dimensional 2060 Target Date Retirement Income Fund	1.35%	1.47%	2.40%	3.26%	3.97%	2.25%	2.11%	2.12%	2.25%	0.91%	1.96%
FHGDX Fidelity Advisor Freedom Blend 2035 Fund Class I	3.48%	2.87%	4.64%	2.01%	5.74%	7.84%	4.84%	3.57%	2.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHGDX and DRILX in my portfolio?

With a correlation of 0.90, FHGDX and DRILX 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, FHGDX or DRILX?

DRILX has higher volatility (4.48%) compared to FHGDX (4.26%). In terms of maximum drawdown, FHGDX dropped -29.13% vs DRILX's -33.48%.

Which has better risk-adjusted returns?

DRILX currently has the higher Sharpe Ratio (2.48 vs 2.28), 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.