MURLX vs. FRBEX
MURLX (Mutual of America 2040 Retirement Fund) and FRBEX (Fidelity Freedom 2070 Fund Class K) are both Target Retirement Date funds. Over the past year, MURLX returned 17.97% vs 26.46% for FRBEX. Their correlation of 0.83 suggests significant overlap in exposure. MURLX charges 0.08%/yr vs 0.65%/yr for FRBEX.
Performance
MURLX vs. FRBEX - Performance Comparison
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Returns By Period
In the year-to-date period, MURLX achieves a 7.13% return, which is significantly lower than FRBEX's 12.05% return.
MURLX
- 1D
- -1.21%
- 1M
- 0.06%
- YTD
- 7.13%
- 6M
- 6.16%
- 1Y
- 17.97%
- 3Y*
- 14.89%
- 5Y*
- 7.38%
- 10Y*
- —
FRBEX
- 1D
- -2.25%
- 1M
- 0.75%
- YTD
- 12.05%
- 6M
- 11.36%
- 1Y
- 26.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MURLX vs. FRBEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MURLX Mutual of America 2040 Retirement Fund | 7.13% | 17.01% | 4.57% |
FRBEX Fidelity Freedom 2070 Fund Class K | 12.05% | 23.38% | 3.52% |
Correlation
The correlation between MURLX and FRBEX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2024 | 0.83 |
The correlation between MURLX and FRBEX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
MURLX vs. FRBEX — Risk / Return Rank
MURLX
FRBEX
MURLX vs. FRBEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mutual of America 2040 Retirement Fund (MURLX) and Fidelity Freedom 2070 Fund Class K (FRBEX). 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.
| MURLX | FRBEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.89 | -0.13 |
| Martin ratioReturn relative to average drawdown | 12.76 | 12.56 | +0.21 |
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Drawdowns
MURLX vs. FRBEX - Drawdown Comparison
The maximum MURLX drawdown since its inception was -31.54%, which is greater than FRBEX's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for MURLX and FRBEX.
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Drawdown Indicators
| MURLX | FRBEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.54% | -15.31% | -16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -9.79% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.06% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -2.46% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -1.78% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.25% | -0.63% |
Volatility
MURLX vs. FRBEX - Volatility Comparison
The current volatility for Mutual of America 2040 Retirement Fund (MURLX) is 3.75%, while Fidelity Freedom 2070 Fund Class K (FRBEX) has a volatility of 6.20%. This indicates that MURLX experiences smaller price fluctuations and is considered to be less risky than FRBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MURLX | FRBEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 6.20% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 11.93% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 13.96% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 16.14% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 380.15% | 16.14% | +364.01% |
MURLX vs. FRBEX - Expense Ratio Comparison
MURLX has a 0.08% expense ratio, which is lower than FRBEX's 0.65% expense ratio.
Dividends
MURLX vs. FRBEX - Dividend Comparison
MURLX's dividend yield for the trailing twelve months is around 8.05%, more than FRBEX's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FRBEX Fidelity Freedom 2070 Fund Class K | 4.18% | 2.38% | 2.40% | 0.00% | 0.00% | 0.00% |
MURLX Mutual of America 2040 Retirement Fund | 8.05% | 8.62% | 8.02% | 3.04% | 11.39% | 4.17% |
Frequently Asked Questions
MURLX and FRBEX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRBEX has higher volatility (6.20%) compared to MURLX (3.75%). In terms of maximum drawdown, MURLX dropped -31.54% vs FRBEX's -15.31%.
FRBEX currently has the higher Sharpe Ratio (2.03 vs 1.96), 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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