PDODX vs. FRBHX
PDODX (Prudential Day One 2065 Fund) and FRBHX (Fidelity Freedom® 2070 Fund Class K6) are both Target Retirement Date funds. Over the past year, PDODX returned 21.82% vs 25.11% for FRBHX. With a 0.96 correlation, they move nearly in lockstep. PDODX charges 0.41%/yr vs 0.45%/yr for FRBHX.
Performance
PDODX vs. FRBHX - Performance Comparison
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Returns By Period
In the year-to-date period, PDODX achieves a 12.07% return, which is significantly lower than FRBHX's 13.44% return.
PDODX
- 1D
- 0.06%
- 1M
- 0.19%
- 6M
- 11.28%
- YTD
- 12.07%
- 1Y
- 21.82%
- 3Y*
- 18.73%
- 5Y*
- 10.35%
- 10Y*
- —
FRBHX
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 12.44%
- YTD
- 13.44%
- 1Y
- 25.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDODX vs. FRBHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PDODX Prudential Day One 2065 Fund | 12.07% | 19.61% | 7.95% |
FRBHX Fidelity Freedom® 2070 Fund Class K6 | 13.44% | 23.65% | 3.64% |
Correlation
The correlation between PDODX and FRBHX is 0.98 - 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 | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2024 | 0.96 |
The correlation between PDODX and FRBHX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
PDODX vs. FRBHX — Risk / Return Rank
PDODX
FRBHX
PDODX vs. FRBHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2065 Fund (PDODX) and Fidelity Freedom® 2070 Fund Class K6 (FRBHX). 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 | FRBHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.66 | -0.30 |
| Martin ratioReturn relative to average drawdown | 10.15 | 11.50 | -1.35 |
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Drawdowns
PDODX vs. FRBHX - Drawdown Comparison
The maximum PDODX drawdown since its inception was -34.89%, which is greater than FRBHX's maximum drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for PDODX and FRBHX.
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Drawdown Indicators
| PDODX | FRBHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.89% | -15.29% | -19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -9.77% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.13% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.37% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -1.77% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.25% | -0.04% |
Volatility
PDODX vs. FRBHX - Volatility Comparison
The current volatility for Prudential Day One 2065 Fund (PDODX) is 5.31%, while Fidelity Freedom® 2070 Fund Class K6 (FRBHX) has a volatility of 6.32%. This indicates that PDODX experiences smaller price fluctuations and is considered to be less risky than FRBHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDODX | FRBHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 6.32% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 11.97% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 13.96% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 16.06% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 16.06% | +3.27% |
PDODX vs. FRBHX - Expense Ratio Comparison
PDODX has a 0.41% expense ratio, which is lower than FRBHX's 0.45% expense ratio.
Dividends
PDODX vs. FRBHX - Dividend Comparison
PDODX's dividend yield for the trailing twelve months is around 2.36%, less than FRBHX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRBHX Fidelity Freedom® 2070 Fund Class K6 | 4.21% | 2.53% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDODX Prudential Day One 2065 Fund | 2.36% | 2.65% | 10.76% | 1.61% | 4.74% | 7.97% | 0.74% | 0.47% |
Frequently Asked Questions
With a correlation of 0.98, PDODX and FRBHX 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.
FRBHX has higher volatility (6.32%) compared to PDODX (5.31%). In terms of maximum drawdown, PDODX dropped -34.89% vs FRBHX's -15.29%.
FRBHX currently has the higher Sharpe Ratio (1.86 vs 1.73), 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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