PATVX vs. FNSHX
Compare and contrast key facts about T. Rowe Price Target 2035 Fund (PATVX) and Fidelity Freedom Income Fund Class K (FNSHX).
PATVX 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
PATVX vs. FNSHX - Performance Comparison
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PATVX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PATVX T. Rowe Price Target 2035 Fund | -0.00% | 14.12% | 10.28% | 15.63% | -16.79% | 12.51% | 15.16% | 20.62% | -6.13% | 3.64% |
FNSHX Fidelity Freedom Income Fund Class K | 0.63% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
PATVX
- 1D
- 0.68%
- 1M
- -2.64%
- YTD
- -0.00%
- 6M
- 1.82%
- 1Y
- 12.50%
- 3Y*
- 11.43%
- 5Y*
- 5.36%
- 10Y*
- 7.98%
FNSHX
- 1D
- 0.18%
- 1M
- -1.28%
- YTD
- 0.63%
- 6M
- 1.71%
- 1Y
- 8.32%
- 3Y*
- 6.59%
- 5Y*
- 2.79%
- 10Y*
- —
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PATVX vs. FNSHX - Expense Ratio Comparison
PATVX has a 0.83% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Return for Risk
PATVX vs. FNSHX — Risk / Return Rank
PATVX
FNSHX
PATVX vs. FNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2035 Fund (PATVX) 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.
| PATVX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.74 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.43 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.37 | -0.99 |
Martin ratioReturn relative to average drawdown | 6.18 | 9.65 | -3.47 |
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
| PATVX | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.74 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.53 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.76 | -0.08 |
Correlation
The correlation between PATVX and FNSHX is 0.73, 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
PATVX vs. FNSHX - Dividend Comparison
PATVX's dividend yield for the trailing twelve months is around 7.03%, more than FNSHX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PATVX T. Rowe Price Target 2035 Fund | 7.03% | 7.03% | 3.58% | 3.00% | 5.31% | 3.38% | 2.93% | 3.77% | 5.30% | 1.72% | 2.19% | 2.39% |
FNSHX Fidelity Freedom Income Fund Class K | 3.25% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
PATVX vs. FNSHX - Drawdown Comparison
The maximum PATVX drawdown since its inception was -26.76%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for PATVX and FNSHX.
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Drawdown Indicators
| PATVX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.76% | -15.87% | -10.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -3.68% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -15.87% | -7.95% |
Max Drawdown (10Y)Largest decline over 10 years | -26.76% | — | — |
Current DrawdownCurrent decline from peak | -4.47% | -2.39% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -3.09% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.90% | +1.08% |
Volatility
PATVX vs. FNSHX - Volatility Comparison
T. Rowe Price Target 2035 Fund (PATVX) has a higher volatility of 3.99% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.36%. This indicates that PATVX'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
| PATVX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.36% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.49% | 3.30% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 4.89% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 5.26% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.36% | 4.81% | +6.55% |