FIHFX vs. TRRJX
Compare and contrast key facts about Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and T. Rowe Price Retirement 2035 Fund (TRRJX).
FIHFX is managed by Fidelity. It was launched on Oct 2, 2009. TRRJX is managed by T. Rowe Price. It was launched on Feb 27, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHFX or TRRJX.
Performance
FIHFX vs. TRRJX - Performance Comparison
Returns By Period
In the year-to-date period, FIHFX achieves a 11.43% return, which is significantly lower than TRRJX's 12.88% return. Both investments have delivered pretty close results over the past 10 years, with FIHFX having a 7.87% annualized return and TRRJX not far ahead at 8.21%.
FIHFX
11.43%
-1.93%
4.87%
18.39%
7.86%
7.87%
TRRJX
12.88%
-1.27%
4.47%
20.38%
8.81%
8.21%
Key characteristics
| FIHFX | TRRJX | |
|---|---|---|
| Sharpe Ratio | 2.19 | 2.20 |
| Sortino Ratio | 3.11 | 3.08 |
| Omega Ratio | 1.40 | 1.40 |
| Calmar Ratio | 1.87 | 1.85 |
| Martin Ratio | 13.79 | 14.27 |
| Ulcer Index | 1.38% | 1.42% |
| Daily Std Dev | 8.66% | 9.25% |
| Max Drawdown | -28.42% | -53.57% |
| Current Drawdown | -2.09% | -2.16% |
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FIHFX vs. TRRJX - Expense Ratio Comparison
FIHFX has a 0.12% expense ratio, which is lower than TRRJX's 0.59% expense ratio.
Correlation
The correlation between FIHFX and TRRJX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FIHFX vs. TRRJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and T. Rowe Price Retirement 2035 Fund (TRRJX). 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.
Dividends
FIHFX vs. TRRJX - Dividend Comparison
FIHFX's dividend yield for the trailing twelve months is around 1.99%, more than TRRJX's 1.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 1.99% | 2.10% | 1.93% | 1.47% | 1.40% | 1.82% | 2.15% | 1.72% | 1.90% | 2.03% | 3.37% | 0.16% |
TRRJX T. Rowe Price Retirement 2035 Fund | 1.48% | 1.67% | 1.55% | 0.87% | 0.94% | 1.79% | 1.78% | 1.48% | 1.47% | 1.52% | 1.44% | 1.04% |
Drawdowns
FIHFX vs. TRRJX - Drawdown Comparison
The maximum FIHFX drawdown since its inception was -28.42%, smaller than the maximum TRRJX drawdown of -53.57%. Use the drawdown chart below to compare losses from any high point for FIHFX and TRRJX. For additional features, visit the drawdowns tool.
Volatility
FIHFX vs. TRRJX - Volatility Comparison
Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and T. Rowe Price Retirement 2035 Fund (TRRJX) have volatilities of 2.38% and 2.50%, 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.