FTTWX vs. PDIZX

Last updated Jun 23, 2026

FTTWX (Fidelity Advisor Freedom 2025 Fund Class M) and PDIZX (Putnam Retirement Advantage 2030 Fund) are both Target Retirement Date funds. Over the past 5 years, FTTWX returned 5.25%/yr vs 6.34%/yr for PDIZX. Their correlation of 0.95 suggests significant overlap in exposure. FTTWX charges 1.12%/yr vs 0.45%/yr for PDIZX.

Performance

FTTWX vs. PDIZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2025 Fund Class M (FTTWX) and Putnam Retirement Advantage 2030 Fund (PDIZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTTWX achieves a 7.74% return, which is significantly higher than PDIZX's 4.70% return.

FTTWX

• 1D: 1.00%
• 1M: 2.18%
• YTD: 7.74%
• 6M: 7.83%
• 1Y: 17.52%
• 3Y*: 11.85%
• 5Y*: 5.25%
• 10Y*: 7.72%

PDIZX

• 1D: 0.53%
• 1M: 1.07%
• YTD: 4.70%
• 6M: 4.65%
• 1Y: 13.50%
• 3Y*: 12.05%
• 5Y*: 6.34%
• 10Y*: —

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

FTTWX vs. PDIZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FTTWX Fidelity Advisor Freedom 2025 Fund Class M	7.74%	15.50%	7.43%	12.89%	-17.06%	9.39%	13.61%
PDIZX Putnam Retirement Advantage 2030 Fund	4.70%	11.93%	8.54%	18.82%	-14.27%	12.07%	11.36%

Correlation

The correlation between FTTWX and PDIZX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.95

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

Return for Risk

FTTWX vs. PDIZX — Risk / Return Rank

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

FTTWX

FTTWX Risk / Return Rank: 57
FTTWX Sharpe Ratio Rank: 56
FTTWX Sortino Ratio Rank: 55
FTTWX Omega Ratio Rank: 61
FTTWX Calmar Ratio Rank: 54
FTTWX Martin Ratio Rank: 61

PDIZX

PDIZX Risk / Return Rank: 80
PDIZX Sharpe Ratio Rank: 78
PDIZX Sortino Ratio Rank: 79
PDIZX Omega Ratio Rank: 76
PDIZX Calmar Ratio Rank: 79
PDIZX Martin Ratio Rank: 86

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.

FTTWX vs. PDIZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2025 Fund Class M (FTTWX) and Putnam Retirement Advantage 2030 Fund (PDIZX). 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.

	FTTWX	PDIZX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.37	-0.34
Sortino ratio: Return per unit of downside risk	2.87	3.45	-0.58
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	2.67	3.39	-0.72
Martin ratio: Return relative to average drawdown	11.38	15.06	-3.68

FTTWX vs. PDIZX - Sharpe Ratio Comparison

The current FTTWX Sharpe Ratio is 2.02, which is comparable to the PDIZX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FTTWX and PDIZX, 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

FTTWX vs. PDIZX - Drawdown Comparison

The maximum FTTWX drawdown since its inception was -49.59%, which is greater than PDIZX's maximum drawdown of -21.03%. Use the drawdown chart below to compare losses from any high point for FTTWX and PDIZX.

Drawdown Indicators

	FTTWX	PDIZX	Difference
Max Drawdown Largest peak-to-trough decline	-49.59%	-21.03%	-28.56%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-3.96%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	-8.75%	-7.31%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-23.98%	-18.97%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	-23.98%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.96%	-4.31%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	0.89%	+0.64%

Volatility

FTTWX vs. PDIZX - Volatility Comparison

Fidelity Advisor Freedom 2025 Fund Class M (FTTWX) has a higher volatility of 3.62% compared to Putnam Retirement Advantage 2030 Fund (PDIZX) at 2.25%. This indicates that FTTWX's price experiences larger fluctuations and is considered to be riskier than PDIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTTWX	PDIZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	2.25%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	4.63%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	8.60%	5.68%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.98%	8.66%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.18%	10.45%	-0.27%

FTTWX vs. PDIZX - Expense Ratio Comparison

FTTWX has a 1.12% expense ratio, which is higher than PDIZX's 0.45% expense ratio.

Dividends

FTTWX vs. PDIZX - Dividend Comparison

FTTWX's dividend yield for the trailing twelve months is around 7.41%, more than PDIZX's 7.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTTWX Fidelity Advisor Freedom 2025 Fund Class M	7.41%	7.42%	3.51%	1.68%	8.57%	9.02%	5.88%	6.17%	9.28%	4.01%	4.17%	4.76%
PDIZX Putnam Retirement Advantage 2030 Fund	7.29%	7.63%	4.91%	3.15%	7.76%	12.48%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTTWX and PDIZX in my portfolio?

With a correlation of 0.95, FTTWX and PDIZX 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, FTTWX or PDIZX?

FTTWX has higher volatility (3.62%) compared to PDIZX (2.25%). In terms of maximum drawdown, FTTWX dropped -49.59% vs PDIZX's -21.03%.

Which has better risk-adjusted returns?

PDIZX currently has the higher Sharpe Ratio (2.37 vs 2.02), 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.