FIJPX vs. PADLX
FIJPX (Fidelity Advisor Freedom 2040 Fund Class Z) and PADLX (Putnam Retirement Advantage Maturity Fund) are both Target Retirement Date funds. Over the past 5 years, FIJPX returned 9.13%/yr vs 3.52%/yr for PADLX. Their correlation of 0.85 means they have usually moved in the same direction. FIJPX charges 0.65%/yr vs 0.22%/yr for PADLX.
Performance
FIJPX vs. PADLX - Performance Comparison
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Returns By Period
In the year-to-date period, FIJPX achieves a 9.27% return, which is significantly higher than PADLX's 4.09% return.
FIJPX
- 1D
- 1.95%
- 1M
- -1.18%
- 6M
- 5.91%
- YTD
- 9.27%
- 1Y
- 19.36%
- 3Y*
- 16.82%
- 5Y*
- 9.13%
- 10Y*
- —
- ALL TIME*
- 11.77%
PADLX
- 1D
- 0.53%
- 1M
- -0.35%
- 6M
- 2.77%
- YTD
- 4.09%
- 1Y
- 9.96%
- 3Y*
- 9.41%
- 5Y*
- 3.52%
- 10Y*
- —
- ALL TIME*
- 4.64%
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 |
FIJPX vs. PADLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FIJPX Fidelity Advisor Freedom 2040 Fund Class Z | 9.27% | 21.53% | 15.94% | 18.82% | -17.99% | 16.18% | 17.64% |
PADLX Putnam Retirement Advantage Maturity Fund | 4.09% | 10.83% | 8.34% | 11.01% | -12.54% | 2.93% | 7.84% |
Correlation
The correlation between FIJPX and PADLX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.85 |
The correlation between FIJPX and PADLX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
FIJPX vs. PADLX — Risk / Return Rank
FIJPX
PADLX
FIJPX vs. PADLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class Z (FIJPX) and Putnam Retirement Advantage Maturity Fund (PADLX). 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.
| FIJPX | PADLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.75 | -0.71 |
| Martin ratioReturn relative to average drawdown | 8.39 | 11.56 | -3.17 |
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Drawdowns
FIJPX vs. PADLX - Drawdown Comparison
The maximum FIJPX drawdown since its inception was -31.24%, which is greater than PADLX's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for FIJPX and PADLX.
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Drawdown Indicators
| FIJPX | PADLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.24% | -18.87% | -12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -3.63% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | -6.63% | -7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.16% | -18.87% | -8.29% |
Current DrawdownCurrent decline from peak | -2.32% | -0.79% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -4.73% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.86% | +1.28% |
Volatility
FIJPX vs. PADLX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class Z (FIJPX) has a higher volatility of 3.88% compared to Putnam Retirement Advantage Maturity Fund (PADLX) at 1.44%. This indicates that FIJPX's price experiences larger fluctuations and is considered to be riskier than PADLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIJPX | PADLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 1.44% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 4.03% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 4.89% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 6.70% | +7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 7.47% | +9.02% |
FIJPX vs. PADLX - Expense Ratio Comparison
FIJPX has a 0.65% expense ratio, which is higher than PADLX's 0.22% expense ratio.
Dividends
FIJPX vs. PADLX - Dividend Comparison
FIJPX's dividend yield for the trailing twelve months is around 8.07%, more than PADLX's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIJPX Fidelity Advisor Freedom 2040 Fund Class Z | 8.07% | 7.33% | 5.64% | 1.57% | 11.35% | 10.17% | 6.11% | 7.53% | 7.39% |
PADLX Putnam Retirement Advantage Maturity Fund | 4.65% | 5.03% | 3.71% | 2.91% | 1.01% | 1.45% | 1.66% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, FIJPX and PADLX 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.
FIJPX has higher volatility (3.88%) compared to PADLX (1.44%). In terms of maximum drawdown, FIJPX dropped -31.24% vs PADLX's -18.87%.
PADLX currently has the higher Sharpe Ratio (2.05 vs 1.41), 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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