FIWTX vs. PHYQX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and PGIM High Yield Fund Class R6 (PHYQX).
FIWTX is managed by Fidelity. It was launched on Oct 2, 2009. PHYQX is managed by PGIM. It was launched on Oct 31, 2011.
Performance
FIWTX vs. PHYQX - Performance Comparison
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FIWTX vs. PHYQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class | -0.53% | 13.40% | 7.73% | 12.72% | -15.86% | 8.40% | 12.75% | 18.25% | -3.86% | 13.95% |
PHYQX PGIM High Yield Fund Class R6 | -0.77% | 9.18% | 8.55% | 12.34% | -12.22% | 5.99% | 5.79% | 16.29% | -1.18% | 7.74% |
Returns By Period
In the year-to-date period, FIWTX achieves a -0.53% return, which is significantly higher than PHYQX's -0.77% return. Over the past 10 years, FIWTX has outperformed PHYQX with an annualized return of 6.77%, while PHYQX has yielded a comparatively lower 5.88% annualized return.
FIWTX
- 1D
- 1.27%
- 1M
- -3.18%
- YTD
- -0.53%
- 6M
- 0.95%
- 1Y
- 10.96%
- 3Y*
- 9.18%
- 5Y*
- 4.17%
- 10Y*
- 6.77%
PHYQX
- 1D
- 0.63%
- 1M
- -1.65%
- YTD
- -0.77%
- 6M
- 0.27%
- 1Y
- 6.48%
- 3Y*
- 8.63%
- 5Y*
- 3.93%
- 10Y*
- 5.88%
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FIWTX vs. PHYQX - Expense Ratio Comparison
FIWTX has a 0.08% expense ratio, which is lower than PHYQX's 0.38% expense ratio.
Return for Risk
FIWTX vs. PHYQX — Risk / Return Rank
FIWTX
PHYQX
FIWTX vs. PHYQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) and PGIM High Yield Fund Class R6 (PHYQX). 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.
| FIWTX | PHYQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.79 | -0.35 |
Sortino ratioReturn per unit of downside risk | 2.06 | 2.67 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.43 | -0.43 |
Martin ratioReturn relative to average drawdown | 8.57 | 9.84 | -1.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIWTX | PHYQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.79 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.78 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 1.08 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 1.12 | -0.42 |
Correlation
The correlation between FIWTX and PHYQX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FIWTX vs. PHYQX - Dividend Comparison
FIWTX's dividend yield for the trailing twelve months is around 6.03%, less than PHYQX's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWTX Fidelity Freedom Index 2020 Fund Institutional Premium Class | 6.03% | 6.00% | 5.88% | 2.47% | 3.00% | 2.77% | 2.57% | 17.46% | 2.56% | 1.89% | 1.90% | 1.79% |
PHYQX PGIM High Yield Fund Class R6 | 6.58% | 7.07% | 7.53% | 7.09% | 6.29% | 6.23% | 6.56% | 6.32% | 6.64% | 6.38% | 4.88% | 7.05% |
Drawdowns
FIWTX vs. PHYQX - Drawdown Comparison
The maximum FIWTX drawdown since its inception was -21.59%, roughly equal to the maximum PHYQX drawdown of -21.12%. Use the drawdown chart below to compare losses from any high point for FIWTX and PHYQX.
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Drawdown Indicators
| FIWTX | PHYQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -21.12% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -2.94% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -16.05% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -21.59% | -21.12% | -0.47% |
Current DrawdownCurrent decline from peak | -3.68% | -1.86% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -2.25% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.72% | +0.62% |
Volatility
FIWTX vs. PHYQX - Volatility Comparison
Fidelity Freedom Index 2020 Fund Institutional Premium Class (FIWTX) has a higher volatility of 3.21% compared to PGIM High Yield Fund Class R6 (PHYQX) at 1.41%. This indicates that FIWTX's price experiences larger fluctuations and is considered to be riskier than PHYQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIWTX | PHYQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 1.41% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 2.46% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | 3.78% | +4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 5.05% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 5.47% | +3.33% |