FRBEX vs. URINX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom 2070 Fund Class K (FRBEX) and USAA Target Retirement Income Fund (URINX).

FRBEX is an actively managed fund by Fidelity. It was launched on May 30, 2025. URINX is managed by Victory. It was launched on Jul 30, 2008.

Performance

FRBEX vs. URINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2070 Fund Class K (FRBEX) and USAA Target Retirement Income Fund (URINX). The values are adjusted to include any dividend payments, if applicable.

FRBEX vs. URINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FRBEX Fidelity Freedom 2070 Fund Class K	-0.49%	23.38%	3.52%
URINX USAA Target Retirement Income Fund	0.62%	12.36%	2.19%

Returns By Period

In the year-to-date period, FRBEX achieves a -0.49% return, which is significantly lower than URINX's 0.62% return.

FRBEX

• 1D: 3.11%
• 1M: -5.76%
• YTD: -0.49%
• 6M: 3.05%
• 1Y: 22.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URINX

• 1D: 1.07%
• 1M: -2.47%
• YTD: 0.62%
• 6M: 2.27%
• 1Y: 10.88%
• 3Y*: 8.94%
• 5Y*: 4.52%
• 10Y*: 5.47%

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

FRBEX vs. URINX - Expense Ratio Comparison

FRBEX has a 0.65% expense ratio, which is higher than URINX's 0.04% expense ratio.

FRBEX

Fidelity Freedom 2070 Fund Class K

URINX

USAA Target Retirement Income Fund

Return for Risk

FRBEX vs. URINX — Risk / Return Rank

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

FRBEX

FRBEX Risk / Return Rank: 66
FRBEX Sharpe Ratio Rank: 66
FRBEX Sortino Ratio Rank: 60
FRBEX Omega Ratio Rank: 73
FRBEX Calmar Ratio Rank: 62
FRBEX Martin Ratio Rank: 68

URINX

URINX Risk / Return Rank: 88
URINX Sharpe Ratio Rank: 88
URINX Sortino Ratio Rank: 90
URINX Omega Ratio Rank: 86
URINX Calmar Ratio Rank: 88
URINX Martin Ratio Rank: 91

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.

FRBEX vs. URINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2070 Fund Class K (FRBEX) and USAA Target Retirement Income Fund (URINX). 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.

	FRBEX	URINX	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.83	-0.51
Sortino ratio Return per unit of downside risk	1.78	2.62	-0.83
Omega ratio Gain probability vs. loss probability	1.31	1.38	-0.07
Calmar ratio Return relative to maximum drawdown	1.75	2.52	-0.76
Martin ratio Return relative to average drawdown	7.85	10.91	-3.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRBEX vs. URINX - Sharpe Ratio Comparison

The current FRBEX Sharpe Ratio is 1.33, which is comparable to the URINX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of FRBEX and URINX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRBEX	URINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.83	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.11	-0.15

Correlation

The correlation between FRBEX and URINX is 0.86, 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.

Dividends

FRBEX vs. URINX - Dividend Comparison

FRBEX's dividend yield for the trailing twelve months is around 2.39%, less than URINX's 6.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRBEX Fidelity Freedom 2070 Fund Class K	2.39%	2.38%	2.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URINX USAA Target Retirement Income Fund	6.08%	6.07%	4.22%	3.48%	6.63%	6.66%	3.97%	6.37%	6.11%	5.68%	3.34%	4.54%

Drawdowns

FRBEX vs. URINX - Drawdown Comparison

The maximum FRBEX drawdown since its inception was -15.31%, roughly equal to the maximum URINX drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for FRBEX and URINX.

Drawdown Indicators

	FRBEX	URINX	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-15.27%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-4.41%	-6.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.27%	—
Current Drawdown Current decline from peak	-6.98%	-2.81%	-4.17%
Average Drawdown Average peak-to-trough decline	-1.85%	-1.93%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	1.02%	+1.60%

Volatility

FRBEX vs. URINX - Volatility Comparison

Fidelity Freedom 2070 Fund Class K (FRBEX) has a higher volatility of 6.64% compared to USAA Target Retirement Income Fund (URINX) at 2.61%. This indicates that FRBEX's price experiences larger fluctuations and is considered to be riskier than URINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRBEX	URINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	2.61%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	3.83%	+6.16%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	6.07%	+11.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	6.23%	+9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	5.79%	+10.09%