PBRNX vs. FOTKX

Last updated Jun 4, 2026

PBRNX (PIMCO RealPath Blend Income Fund) and FOTKX (Fidelity Freedom 2010 Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, PBRNX returned 4.56%/yr vs 3.89%/yr for FOTKX. With a 0.95 correlation, they move nearly in lockstep. PBRNX charges 0.03%/yr vs 0.38%/yr for FOTKX.

Performance

PBRNX vs. FOTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RealPath Blend Income Fund (PBRNX) and Fidelity Freedom 2010 Fund Class K6 (FOTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBRNX achieves a 6.40% return, which is significantly higher than FOTKX's 5.43% return.

PBRNX

• 1D: 0.23%
• 1M: 2.67%
• YTD: 6.40%
• 6M: 6.50%
• 1Y: 16.51%
• 3Y*: 10.59%
• 5Y*: 4.56%
• 10Y*: 6.86%

FOTKX

• 1D: 0.26%
• 1M: 1.88%
• YTD: 5.43%
• 6M: 5.81%
• 1Y: 12.95%
• 3Y*: 9.32%
• 5Y*: 3.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBRNX vs. FOTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBRNX PIMCO RealPath Blend Income Fund	6.40%	13.57%	5.63%	12.03%	-16.09%	9.00%	13.87%	16.48%	-4.14%	5.25%
FOTKX Fidelity Freedom 2010 Fund Class K6	5.43%	11.66%	5.55%	9.97%	-13.05%	5.68%	11.29%	14.46%	-3.65%	5.22%

Correlation

The correlation between PBRNX and FOTKX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.95

The correlation between PBRNX and FOTKX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

PBRNX vs. FOTKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBRNX

PBRNX Risk / Return Rank: 71
PBRNX Sharpe Ratio Rank: 76
PBRNX Sortino Ratio Rank: 74
PBRNX Omega Ratio Rank: 76
PBRNX Calmar Ratio Rank: 59
PBRNX Martin Ratio Rank: 68

FOTKX

FOTKX Risk / Return Rank: 79
FOTKX Sharpe Ratio Rank: 82
FOTKX Sortino Ratio Rank: 82
FOTKX Omega Ratio Rank: 83
FOTKX Calmar Ratio Rank: 71
FOTKX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBRNX vs. FOTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend Income Fund (PBRNX) and Fidelity Freedom 2010 Fund Class K6 (FOTKX). 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.

	PBRNX	FOTKX	Difference
Sharpe ratio Return per unit of total volatility	2.54	2.67	-0.14
Sortino ratio Return per unit of downside risk	3.60	3.90	-0.30
Omega ratio Gain probability vs. loss probability	1.50	1.55	-0.05
Calmar ratio Return relative to maximum drawdown	2.94	3.26	-0.32
Martin ratio Return relative to average drawdown	13.15	14.38	-1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBRNX vs. FOTKX - Sharpe Ratio Comparison

The current PBRNX Sharpe Ratio is 2.54, which is comparable to the FOTKX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of PBRNX and FOTKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PBRNX	FOTKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.67	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.61	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.87	-0.06

Drawdowns

PBRNX vs. FOTKX - Drawdown Comparison

The maximum PBRNX drawdown since its inception was -21.90%, which is greater than FOTKX's maximum drawdown of -18.29%. Use the drawdown chart below to compare losses from any high point for PBRNX and FOTKX.

Drawdown Indicators

	PBRNX	FOTKX	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	-18.29%	-3.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-4.03%	-1.63%
Max Drawdown (3Y) Largest decline over 3 years	-8.33%	-5.71%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	-18.29%	-3.61%
Max Drawdown (10Y) Largest decline over 10 years	-21.90%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.78%	-3.56%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	0.91%	+0.35%

Volatility

PBRNX vs. FOTKX - Volatility Comparison

PIMCO RealPath Blend Income Fund (PBRNX) has a higher volatility of 2.38% compared to Fidelity Freedom 2010 Fund Class K6 (FOTKX) at 1.94%. This indicates that PBRNX's price experiences larger fluctuations and is considered to be riskier than FOTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBRNX	FOTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	1.94%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	5.37%	4.14%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	6.57%	4.92%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.39%	6.38%	+2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.93%	6.42%	+1.51%

PBRNX vs. FOTKX - Expense Ratio Comparison

PBRNX has a 0.03% expense ratio, which is lower than FOTKX's 0.38% expense ratio.

Dividends

PBRNX vs. FOTKX - Dividend Comparison

PBRNX's dividend yield for the trailing twelve months is around 3.93%, less than FOTKX's 4.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOTKX Fidelity Freedom 2010 Fund Class K6	4.91%	5.25%	3.32%	2.98%	7.41%	9.53%	6.17%	6.00%	7.24%	3.57%	0.00%	0.00%
PBRNX PIMCO RealPath Blend Income Fund	3.93%	4.19%	4.56%	4.16%	3.63%	5.95%	4.29%	4.42%	2.48%	2.16%	3.17%	2.57%

Frequently Asked Questions

Can I hold both PBRNX and FOTKX in my portfolio?

With a correlation of 0.96, PBRNX and FOTKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PBRNX or FOTKX?

PBRNX has higher volatility (2.38%) compared to FOTKX (1.94%). In terms of maximum drawdown, PBRNX dropped -21.90% vs FOTKX's -18.29%.

Which has better risk-adjusted returns?

FOTKX currently has the higher Sharpe Ratio (2.67 vs 2.54), 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.