PDJGX vs. FIKFX
PDJGX (Prudential Day One 2050 Fund) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds. Over the past 5 years, PDJGX returned 12.93%/yr vs 2.72%/yr for FIKFX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PDJGX charges 0.18%/yr vs 0.12%/yr for FIKFX.
Performance
PDJGX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, PDJGX achieves a 11.68% return, which is significantly higher than FIKFX's 3.28% return.
PDJGX
- 1D
- 0.20%
- 1M
- 0.07%
- 6M
- 7.73%
- YTD
- 11.68%
- 1Y
- 22.78%
- 3Y*
- 22.38%
- 5Y*
- 12.93%
- 10Y*
- —
- ALL TIME*
- 12.77%
FIKFX
- 1D
- 0.00%
- 1M
- -0.35%
- 6M
- 2.29%
- YTD
- 3.28%
- 1Y
- 7.10%
- 3Y*
- 7.04%
- 5Y*
- 2.72%
- 10Y*
- 4.03%
- ALL TIME*
- 3.91%
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 |
PDJGX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDJGX Prudential Day One 2050 Fund | 11.68% | 18.35% | 33.43% | 17.95% | -15.32% | 19.33% | 11.29% | 23.82% | -8.82% | 19.59% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 3.28% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between PDJGX and FIKFX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.69 |
The correlation between PDJGX and FIKFX shifts across timeframes, from 0.69 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PDJGX vs. FIKFX — Risk / Return Rank
PDJGX
FIKFX
PDJGX vs. FIKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2050 Fund (PDJGX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). 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.
| PDJGX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.23 | +0.27 |
| Martin ratioReturn relative to average drawdown | 10.94 | 9.22 | +1.72 |
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Drawdowns
PDJGX vs. FIKFX - Drawdown Comparison
The maximum PDJGX drawdown since its inception was -33.11%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for PDJGX and FIKFX.
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Drawdown Indicators
| PDJGX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -15.03% | -18.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -3.32% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -3.82% | -10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | -15.03% | -14.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.03% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.87% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -1.71% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.80% | +1.18% |
Volatility
PDJGX vs. FIKFX - Volatility Comparison
Prudential Day One 2050 Fund (PDJGX) has a higher volatility of 3.44% compared to Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) at 1.35%. This indicates that PDJGX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDJGX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 1.35% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 3.85% | +6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.16% | 4.43% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 5.21% | +12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 4.48% | +12.26% |
PDJGX vs. FIKFX - Expense Ratio Comparison
PDJGX has a 0.18% expense ratio, which is higher than FIKFX's 0.12% 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
PDJGX vs. FIKFX - Dividend Comparison
PDJGX's dividend yield for the trailing twelve months is around 3.83%, more than FIKFX's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 2.88% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
PDJGX Prudential Day One 2050 Fund | 3.83% | 4.27% | 34.20% | 3.81% | 8.60% | 11.14% | 1.96% | 4.52% | 4.89% | 2.18% | 0.00% | 0.00% |
Frequently Asked Questions
PDJGX and FIKFX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDJGX has higher volatility (3.44%) compared to FIKFX (1.35%). In terms of maximum drawdown, PDJGX dropped -33.11% vs FIKFX's -15.03%.
PDJGX currently has the higher Sharpe Ratio (1.79 vs 1.67), 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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