PAHHX vs. FNSHX
Compare and contrast key facts about T. Rowe Price Target 2040 Fund (PAHHX) and Fidelity Freedom Income Fund Class K (FNSHX).
PAHHX is managed by T. Rowe Price. It was launched on Aug 19, 2013. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
PAHHX vs. FNSHX - Performance Comparison
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PAHHX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAHHX T. Rowe Price Target 2040 Fund | -0.80% | 15.54% | 11.42% | 17.26% | -18.09% | 13.74% | 16.17% | 21.99% | -6.72% | 4.13% |
FNSHX Fidelity Freedom Income Fund Class K | 0.45% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
In the year-to-date period, PAHHX achieves a -0.80% return, which is significantly lower than FNSHX's 0.45% return.
PAHHX
- 1D
- 2.07%
- 1M
- -5.21%
- YTD
- -0.80%
- 6M
- 1.30%
- 1Y
- 13.61%
- 3Y*
- 12.36%
- 5Y*
- 5.73%
- 10Y*
- 8.58%
FNSHX
- 1D
- 0.98%
- 1M
- -2.22%
- YTD
- 0.45%
- 6M
- 1.62%
- 1Y
- 8.22%
- 3Y*
- 6.53%
- 5Y*
- 2.75%
- 10Y*
- —
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PAHHX vs. FNSHX - Expense Ratio Comparison
PAHHX has a 0.85% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Return for Risk
PAHHX vs. FNSHX — Risk / Return Rank
PAHHX
FNSHX
PAHHX vs. FNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2040 Fund (PAHHX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.
| PAHHX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.76 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.46 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.34 | -1.13 |
Martin ratioReturn relative to average drawdown | 5.52 | 9.69 | -4.17 |
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
| PAHHX | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.76 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.53 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.75 | -0.10 |
Correlation
The correlation between PAHHX and FNSHX is 0.71, 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
PAHHX vs. FNSHX - Dividend Comparison
PAHHX's dividend yield for the trailing twelve months is around 5.98%, more than FNSHX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAHHX T. Rowe Price Target 2040 Fund | 5.98% | 5.93% | 3.10% | 2.66% | 5.85% | 3.36% | 2.86% | 4.23% | 5.43% | 2.15% | 2.30% | 2.56% |
FNSHX Fidelity Freedom Income Fund Class K | 3.26% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAHHX vs. FNSHX - Drawdown Comparison
The maximum PAHHX drawdown since its inception was -28.58%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for PAHHX and FNSHX.
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Drawdown Indicators
| PAHHX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -15.87% | -12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -3.68% | -5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -15.87% | -9.93% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | -5.83% | -2.56% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -3.09% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.89% | +1.36% |
Volatility
PAHHX vs. FNSHX - Volatility Comparison
T. Rowe Price Target 2040 Fund (PAHHX) has a higher volatility of 4.66% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.45%. This indicates that PAHHX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAHHX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 2.45% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 3.30% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 4.89% | +7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.27% | 5.27% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.64% | 4.81% | +7.83% |