PDODX vs. FDFPX
PDODX (Prudential Day One 2065 Fund) and FDFPX (Fidelity Flex Freedom Blend 2065 Fund) are both Target Retirement Date funds. Over the past 5 years, PDODX returned 10.24%/yr vs 10.66%/yr for FDFPX. Their 0.98 correlation means they have historically moved very closely together. PDODX charges 0.41%/yr vs 0.00%/yr for FDFPX.
Performance
PDODX vs. FDFPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PDODX having a 11.79% return and FDFPX slightly higher at 12.26%.
PDODX
- 1D
- 2.00%
- 1M
- -0.25%
- 6M
- 8.05%
- YTD
- 11.79%
- 1Y
- 23.73%
- 3Y*
- 17.43%
- 5Y*
- 10.24%
- 10Y*
- —
- ALL TIME*
- 11.90%
FDFPX
- 1D
- 2.29%
- 1M
- -0.99%
- 6M
- 8.37%
- YTD
- 12.26%
- 1Y
- 24.70%
- 3Y*
- 18.92%
- 5Y*
- 10.66%
- 10Y*
- —
- ALL TIME*
- 13.27%
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 |
PDODX vs. FDFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PDODX Prudential Day One 2065 Fund | 11.79% | 19.61% | 17.63% | 17.95% | -15.68% | 19.67% | 11.27% | 1.07% |
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 12.26% | 22.81% | 17.81% | 20.93% | -18.57% | 16.84% | 18.54% | 1.74% |
Correlation
The correlation between PDODX and FDFPX is 0.99 - 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. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019 | 0.98 |
The correlation between PDODX and FDFPX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
PDODX vs. FDFPX — Risk / Return Rank
PDODX
FDFPX
PDODX vs. FDFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2065 Fund (PDODX) and Fidelity Flex Freedom Blend 2065 Fund (FDFPX). 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.
| PDODX | FDFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.40 | -0.13 |
| Martin ratioReturn relative to average drawdown | 9.71 | 10.04 | -0.33 |
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Drawdowns
PDODX vs. FDFPX - Drawdown Comparison
The maximum PDODX drawdown since its inception was -34.89%, which is greater than FDFPX's maximum drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for PDODX and FDFPX.
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Drawdown Indicators
| PDODX | FDFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -31.22% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -9.54% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -15.42% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.13% | -27.41% | +3.28% |
Current DrawdownCurrent decline from peak | -1.25% | -2.19% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -5.76% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.28% | -0.06% |
Volatility
PDODX vs. FDFPX - Volatility Comparison
The current volatility for Prudential Day One 2065 Fund (PDODX) is 3.88%, while Fidelity Flex Freedom Blend 2065 Fund (FDFPX) has a volatility of 4.37%. This indicates that PDODX experiences smaller price fluctuations and is considered to be less risky than FDFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDODX | FDFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 4.37% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 12.20% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 14.21% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 15.34% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 17.21% | +2.07% |
PDODX vs. FDFPX - Expense Ratio Comparison
PDODX has a 0.41% expense ratio, which is higher than FDFPX's 0.00% expense ratio.
Dividends
PDODX vs. FDFPX - Dividend Comparison
PDODX's dividend yield for the trailing twelve months is around 2.37%, less than FDFPX's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDFPX Fidelity Flex Freedom Blend 2065 Fund | 3.81% | 2.87% | 6.56% | 2.22% | 5.41% | 8.52% | 5.38% | 3.19% |
PDODX Prudential Day One 2065 Fund | 2.37% | 2.65% | 10.76% | 1.61% | 4.74% | 7.97% | 0.74% | 0.47% |
Frequently Asked Questions
With a correlation of 0.99, PDODX and FDFPX 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.
FDFPX has higher volatility (4.37%) compared to PDODX (3.88%). In terms of maximum drawdown, PDODX dropped -34.89% vs FDFPX's -31.22%.
PDODX currently has the higher Sharpe Ratio (1.62 vs 1.61), 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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