MURMX vs. FDFPX
MURMX (Mutual of America 2045 Retirement Fund) and FDFPX (Fidelity Flex Freedom Blend 2065 Fund) are both Target Retirement Date funds. Over the past 5 years, MURMX returned 8.18%/yr vs 10.93%/yr for FDFPX. Their correlation of 0.82 means they have usually moved in the same direction. MURMX charges 0.08%/yr vs 0.00%/yr for FDFPX.
Performance
MURMX vs. FDFPX - Performance Comparison
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Returns By Period
In the year-to-date period, MURMX achieves a 10.77% return, which is significantly lower than FDFPX's 14.25% return.
MURMX
- 1D
- 1.09%
- 1M
- 1.21%
- 6M
- 7.65%
- YTD
- 10.77%
- 1Y
- 19.46%
- 3Y*
- 15.48%
- 5Y*
- 8.18%
- 10Y*
- —
- ALL TIME*
- 53.38%
FDFPX
- 1D
- 1.23%
- 1M
- 0.76%
- 6M
- 9.74%
- YTD
- 14.25%
- 1Y
- 25.23%
- 3Y*
- 20.60%
- 5Y*
- 10.93%
- 10Y*
- —
- ALL TIME*
- 13.53%
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 |
MURMX vs. FDFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MURMX Mutual of America 2045 Retirement Fund | 10.77% | 17.76% | 13.85% | 15.43% | -16.20% | 17.37% | 891.67% |
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 14.25% | 22.81% | 17.81% | 20.93% | -18.57% | 16.84% | 18.54% |
Correlation
The correlation between MURMX and FDFPX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.82 |
The correlation between MURMX and FDFPX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
MURMX vs. FDFPX — Risk / Return Rank
MURMX
FDFPX
MURMX vs. FDFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mutual of America 2045 Retirement Fund (MURMX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). 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.
| MURMX | FDFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.83 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.95 | 11.85 | +1.11 |
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Drawdowns
MURMX vs. FDFPX - Drawdown Comparison
The maximum MURMX drawdown since its inception was -32.65%, roughly equal to the maximum FDFPX drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for MURMX and FDFPX.
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Drawdown Indicators
| MURMX | FDFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.65% | -31.22% | -1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -9.54% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -15.42% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -27.41% | +3.85% |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -5.75% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.28% | -0.54% |
Volatility
MURMX vs. FDFPX - Volatility Comparison
The current volatility for Mutual of America 2045 Retirement Fund (MURMX) is 3.31%, while Fidelity Flex Freedom Blend 2065 Fund (FDFPX) has a volatility of 4.50%. This indicates that MURMX experiences smaller price fluctuations and is considered to be less risky than FDFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MURMX | FDFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 4.50% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 12.20% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 14.22% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 15.35% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 375.21% | 17.20% | +358.01% |
MURMX vs. FDFPX - Expense Ratio Comparison
MURMX has a 0.08% expense ratio, which is higher than FDFPX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MURMX vs. FDFPX - Dividend Comparison
MURMX's dividend yield for the trailing twelve months is around 8.03%, more than FDFPX's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 3.74% | 2.87% | 6.56% | 2.22% | 5.41% | 8.52% | 5.38% | 3.19% |
MURMX Mutual of America 2045 Retirement Fund | 8.03% | 8.79% | 8.17% | 2.95% | 11.94% | 4.69% | 0.00% | 0.00% |
Frequently Asked Questions
MURMX and FDFPX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDFPX has higher volatility (4.50%) compared to MURMX (3.31%). In terms of maximum drawdown, MURMX dropped -32.65% vs FDFPX's -31.22%.
MURMX currently has the higher Sharpe Ratio (1.96 vs 1.90), 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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