PDODX vs. FFSDX

Last updated Aug 1, 2026

PDODX (Prudential Day One 2065 Fund) and FFSDX (Fidelity Freedom 2065 Fund Class K) are both Target Retirement Date funds. Over the past 5 years, PDODX returned 10.24%/yr vs 10.06%/yr for FFSDX. Their 0.98 correlation means they have historically moved very closely together. PDODX charges 0.41%/yr vs 0.65%/yr for FFSDX.

Performance

PDODX vs. FFSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2065 Fund (PDODX) and Fidelity Freedom 2065 Fund Class K (FFSDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PDODX having a 11.79% return and FFSDX slightly higher at 12.10%.

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%

FFSDX

• 1D: 2.28%
• 1M: -1.16%
• 6M: 7.98%
• YTD: 12.10%
• 1Y: 24.66%
• 3Y*: 17.94%
• 5Y*: 10.06%
• 10Y*: —
• ALL TIME*: 12.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFSDX Fidelity Freedom 2065 Fund Class K	$0.00	$0.00	$0.00
PDODX Prudential Day One 2065 Fund	$0.00	$0.00	$0.00

PDODX vs. FFSDX - 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%
FFSDX Fidelity Freedom 2065 Fund Class K	12.10%	23.80%	14.16%	20.69%	-18.22%	16.59%	18.26%	1.67%

Correlation

The correlation between PDODX and FFSDX 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 FFSDX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

PDODX vs. FFSDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDODX

PDODX Risk / Return Rank: 67
PDODX Sharpe Ratio Rank: 65
PDODX Sortino Ratio Rank: 63
PDODX Omega Ratio Rank: 64
PDODX Calmar Ratio Rank: 66
PDODX Martin Ratio Rank: 77

FFSDX

FFSDX Risk / Return Rank: 71
FFSDX Sharpe Ratio Rank: 68
FFSDX Sortino Ratio Rank: 66
FFSDX Omega Ratio Rank: 67
FFSDX Calmar Ratio Rank: 73
FFSDX Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDODX vs. FFSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2065 Fund (PDODX) and Fidelity Freedom 2065 Fund Class K (FFSDX). 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	FFSDX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.59	+0.03
Sortino ratio: Return per unit of downside risk	2.29	2.24	+0.05
Omega ratio: Gain probability vs. loss probability	1.30	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.27	2.34	-0.08
Martin ratio: Return relative to average drawdown	9.71	9.80	-0.08

PDODX vs. FFSDX - Sharpe Ratio Comparison

The current PDODX Sharpe Ratio is 1.62, which is comparable to the FFSDX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of PDODX and FFSDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDODX vs. FFSDX - Drawdown Comparison

The maximum PDODX drawdown since its inception was -34.89%, which is greater than FFSDX's maximum drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for PDODX and FFSDX.

Drawdown Indicators

	PDODX	FFSDX	Difference
Max Drawdown Largest peak-to-trough decline	-34.89%	-31.03%	-3.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-9.80%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-15.78%	-15.40%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-24.13%	-27.29%	+3.16%
Current Drawdown Current decline from peak	-1.25%	-2.51%	+1.26%
Average Drawdown Average peak-to-trough decline	-5.34%	-5.78%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.34%	-0.12%

Volatility

PDODX vs. FFSDX - Volatility Comparison

The current volatility for Prudential Day One 2065 Fund (PDODX) is 3.88%, while Fidelity Freedom 2065 Fund Class K (FFSDX) has a volatility of 4.38%. This indicates that PDODX experiences smaller price fluctuations and is considered to be less risky than FFSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDODX	FFSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	4.38%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	12.44%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	14.46%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	15.31%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	17.06%	+2.22%

PDODX vs. FFSDX - Expense Ratio Comparison

PDODX has a 0.41% expense ratio, which is lower than FFSDX's 0.65% expense ratio.

Dividends

PDODX vs. FFSDX - Dividend Comparison

PDODX's dividend yield for the trailing twelve months is around 2.37%, less than FFSDX's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FFSDX Fidelity Freedom 2065 Fund Class K	4.99%	3.68%	2.75%	2.15%	8.83%	7.86%	2.31%	1.49%
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

Can I hold both PDODX and FFSDX in my portfolio?

With a correlation of 0.99, PDODX and FFSDX 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, PDODX or FFSDX?

FFSDX has higher volatility (4.38%) compared to PDODX (3.88%). In terms of maximum drawdown, PDODX dropped -34.89% vs FFSDX's -31.03%.

Which has better risk-adjusted returns?

PDODX currently has the higher Sharpe Ratio (1.62 vs 1.59), 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.