PDIHX vs. FQLSX
PDIHX (Prudential Day One 2045 Fund) and FQLSX (Fidelity Flex Freedom Blend 2055 Fund) are both Target Retirement Date funds. Over the past 5 years, PDIHX returned 11.10%/yr vs 10.72%/yr for FQLSX. Their 0.96 correlation means they have historically moved very closely together. PDIHX charges 0.08%/yr vs 0.00%/yr for FQLSX.
Performance
PDIHX vs. FQLSX - Performance Comparison
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Returns By Period
In the year-to-date period, PDIHX achieves a 10.68% return, which is significantly lower than FQLSX's 12.26% return.
PDIHX
- 1D
- 1.62%
- 1M
- -0.07%
- 6M
- 7.46%
- YTD
- 10.68%
- 1Y
- 21.10%
- 3Y*
- 19.00%
- 5Y*
- 11.10%
- 10Y*
- —
- ALL TIME*
- 11.84%
FQLSX
- 1D
- 2.33%
- 1M
- -1.01%
- 6M
- 8.35%
- YTD
- 12.26%
- 1Y
- 24.67%
- 3Y*
- 18.99%
- 5Y*
- 10.72%
- 10Y*
- —
- ALL TIME*
- 12.05%
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 |
PDIHX vs. FQLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDIHX Prudential Day One 2045 Fund | 10.68% | 17.57% | 28.05% | 14.60% | -15.03% | 19.03% | 11.36% | 23.64% | -8.34% | 9.64% |
FQLSX Fidelity Flex Freedom Blend 2055 Fund | 12.26% | 22.80% | 18.08% | 21.04% | -18.58% | 16.89% | 18.43% | 25.96% | -8.31% | 10.12% |
Correlation
The correlation between PDIHX and FQLSX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.96 |
The correlation between PDIHX and FQLSX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
PDIHX vs. FQLSX — Risk / Return Rank
PDIHX
FQLSX
PDIHX vs. FQLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2045 Fund (PDIHX) and Fidelity Flex Freedom Blend 2055 Fund (FQLSX). 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.
| PDIHX | FQLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.42 | -0.02 |
| Martin ratioReturn relative to average drawdown | 10.55 | 10.10 | +0.45 |
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Drawdowns
PDIHX vs. FQLSX - Drawdown Comparison
The maximum PDIHX drawdown since its inception was -32.31%, roughly equal to the maximum FQLSX drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for PDIHX and FQLSX.
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Drawdown Indicators
| PDIHX | FQLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -31.26% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -9.48% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.53% | -15.37% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -27.41% | -3.62% |
Current DrawdownCurrent decline from peak | -0.89% | -2.17% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -5.36% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.27% | -0.43% |
Volatility
PDIHX vs. FQLSX - Volatility Comparison
The current volatility for Prudential Day One 2045 Fund (PDIHX) is 3.19%, while Fidelity Flex Freedom Blend 2055 Fund (FQLSX) has a volatility of 4.40%. This indicates that PDIHX experiences smaller price fluctuations and is considered to be less risky than FQLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDIHX | FQLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 4.40% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 12.17% | -2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 14.19% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 15.36% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.21% | 16.12% | +0.09% |
PDIHX vs. FQLSX - Expense Ratio Comparison
PDIHX has a 0.08% expense ratio, which is higher than FQLSX'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
PDIHX vs. FQLSX - Dividend Comparison
PDIHX's dividend yield for the trailing twelve months is around 3.72%, less than FQLSX's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FQLSX Fidelity Flex Freedom Blend 2055 Fund | 4.66% | 3.32% | 7.20% | 2.08% | 5.79% | 8.05% | 5.76% | 7.02% | 8.18% | 3.10% |
PDIHX Prudential Day One 2045 Fund | 3.72% | 4.12% | 27.95% | 1.57% | 7.68% | 14.45% | 2.04% | 5.42% | 6.13% | 2.18% |
Frequently Asked Questions
With a correlation of 0.98, PDIHX and FQLSX 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.
FQLSX has higher volatility (4.40%) compared to PDIHX (3.19%). In terms of maximum drawdown, PDIHX dropped -32.31% vs FQLSX's -31.26%.
PDIHX currently has the higher Sharpe Ratio (1.73 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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