PAHRX vs. FFGZX
PAHRX (T. Rowe Price Target 2015 Fund) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, PAHRX returned 5.44%/yr vs 4.03%/yr for FFGZX. Their correlation of 0.83 means they have usually moved in the same direction. PAHRX charges 0.72%/yr vs 0.08%/yr for FFGZX.
Performance
PAHRX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, PAHRX achieves a 4.27% return, which is significantly higher than FFGZX's 3.16% return. Over the past 10 years, PAHRX has outperformed FFGZX with an annualized return of 5.44%, while FFGZX has yielded a comparatively lower 4.03% annualized return.
PAHRX
- 1D
- 0.66%
- 1M
- -0.33%
- 6M
- 2.35%
- YTD
- 4.27%
- 1Y
- 9.35%
- 3Y*
- 8.49%
- 5Y*
- 3.77%
- 10Y*
- 5.44%
- ALL TIME*
- 5.32%
FFGZX
- 1D
- 0.56%
- 1M
- -0.47%
- 6M
- 2.17%
- YTD
- 3.16%
- 1Y
- 6.99%
- 3Y*
- 6.83%
- 5Y*
- 2.70%
- 10Y*
- 4.03%
- ALL TIME*
- 3.90%
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 |
PAHRX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAHRX T. Rowe Price Target 2015 Fund | 4.27% | 10.49% | 7.36% | 10.67% | -13.16% | 7.63% | 11.18% | 14.95% | -3.67% | 9.25% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.16% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between PAHRX and FFGZX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.83 |
The correlation between PAHRX and FFGZX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
PAHRX vs. FFGZX — Risk / Return Rank
PAHRX
FFGZX
PAHRX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2015 Fund (PAHRX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| PAHRX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.16 | -0.07 |
| Martin ratioReturn relative to average drawdown | 8.82 | 8.81 | +0.01 |
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Drawdowns
PAHRX vs. FFGZX - Drawdown Comparison
The maximum PAHRX drawdown since its inception was -18.73%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for PAHRX and FFGZX.
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Drawdown Indicators
| PAHRX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.73% | -14.94% | -3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -3.33% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.06% | -3.82% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -14.94% | -2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -18.73% | -14.94% | -3.79% |
Current DrawdownCurrent decline from peak | -0.73% | -1.07% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.24% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.82% | +0.21% |
Volatility
PAHRX vs. FFGZX - Volatility Comparison
T. Rowe Price Target 2015 Fund (PAHRX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) have volatilities of 1.40% and 1.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAHRX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.37% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 3.86% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.66% | 4.47% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 5.17% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 4.47% | +2.40% |
PAHRX vs. FFGZX - Expense Ratio Comparison
PAHRX has a 0.72% expense ratio, which is higher than FFGZX's 0.08% expense ratio.
Dividends
PAHRX vs. FFGZX - Dividend Comparison
PAHRX's dividend yield for the trailing twelve months is around 5.42%, more than FFGZX's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 2.76% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
PAHRX T. Rowe Price Target 2015 Fund | 5.42% | 5.65% | 5.01% | 3.49% | 8.61% | 6.14% | 5.78% | 2.99% | 4.45% | 1.88% | 0.83% | 0.95% |
Frequently Asked Questions
PAHRX and FFGZX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAHRX has higher volatility (1.40%) compared to FFGZX (1.37%). In terms of maximum drawdown, PAHRX dropped -18.73% vs FFGZX's -14.94%.
PAHRX currently has the higher Sharpe Ratio (1.63 vs 1.62), 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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