PHTTX vs. FFSFX

Last updated Jun 23, 2026

PHTTX (Principal LifeTime Hybrid 2020 Fund) and FFSFX (Fidelity Freedom 2065 Fund) are both Target Retirement Date funds. Over the past 5 years, PHTTX returned 5.20%/yr vs 10.95%/yr for FFSFX. Their correlation of 0.93 suggests significant overlap in exposure. PHTTX charges 0.05%/yr vs 0.68%/yr for FFSFX.

Performance

PHTTX vs. FFSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid 2020 Fund (PHTTX) and Fidelity Freedom 2065 Fund (FFSFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHTTX achieves a 5.07% return, which is significantly lower than FFSFX's 14.96% return.

PHTTX

• 1D: 0.62%
• 1M: 1.08%
• YTD: 5.07%
• 6M: 5.08%
• 1Y: 13.81%
• 3Y*: 10.37%
• 5Y*: 5.20%
• 10Y*: 7.08%

FFSFX

• 1D: 1.50%
• 1M: 3.36%
• YTD: 14.96%
• 6M: 15.00%
• 1Y: 32.51%
• 3Y*: 20.06%
• 5Y*: 10.95%
• 10Y*: —

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

PHTTX vs. FFSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PHTTX Principal LifeTime Hybrid 2020 Fund	5.07%	12.10%	8.85%	12.06%	-14.36%	9.94%	12.63%	5.77%
FFSFX Fidelity Freedom 2065 Fund	14.96%	23.76%	14.01%	20.54%	-18.28%	16.54%	18.08%	9.00%

Correlation

The correlation between PHTTX and FFSFX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019	0.93

The correlation between PHTTX and FFSFX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

PHTTX vs. FFSFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHTTX

PHTTX Risk / Return Rank: 68
PHTTX Sharpe Ratio Rank: 63
PHTTX Sortino Ratio Rank: 66
PHTTX Omega Ratio Rank: 69
PHTTX Calmar Ratio Rank: 65
PHTTX Martin Ratio Rank: 75

FFSFX

FFSFX Risk / Return Rank: 76
FFSFX Sharpe Ratio Rank: 76
FFSFX Sortino Ratio Rank: 71
FFSFX Omega Ratio Rank: 74
FFSFX Calmar Ratio Rank: 77
FFSFX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PHTTX vs. FFSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2020 Fund (PHTTX) and Fidelity Freedom 2065 Fund (FFSFX). 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.

	PHTTX	FFSFX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.34	-0.20
Sortino ratio: Return per unit of downside risk	3.09	3.20	-0.11
Omega ratio: Gain probability vs. loss probability	1.42	1.44	-0.02
Calmar ratio: Return relative to maximum drawdown	2.96	3.29	-0.33
Martin ratio: Return relative to average drawdown	13.16	14.37	-1.22

PHTTX vs. FFSFX - Sharpe Ratio Comparison

The current PHTTX Sharpe Ratio is 2.15, which is comparable to the FFSFX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of PHTTX and FFSFX, 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

PHTTX vs. FFSFX - Drawdown Comparison

The maximum PHTTX drawdown since its inception was -18.94%, smaller than the maximum FFSFX drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for PHTTX and FFSFX.

Drawdown Indicators

	PHTTX	FFSFX	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-31.03%	+12.09%
Max Drawdown (1Y) Largest decline over 1 year	-4.62%	-9.79%	+5.17%
Max Drawdown (3Y) Largest decline over 3 years	-7.20%	-15.43%	+8.23%
Max Drawdown (5Y) Largest decline over 5 years	-18.90%	-27.31%	+8.41%
Max Drawdown (10Y) Largest decline over 10 years	-18.94%	—	—
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-3.29%	-5.87%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	2.23%	-1.19%

Volatility

PHTTX vs. FFSFX - Volatility Comparison

The current volatility for Principal LifeTime Hybrid 2020 Fund (PHTTX) is 2.66%, while Fidelity Freedom 2065 Fund (FFSFX) has a volatility of 5.83%. This indicates that PHTTX experiences smaller price fluctuations and is considered to be less risky than FFSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHTTX	FFSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	5.83%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	5.32%	11.74%	-6.42%
Volatility (1Y) Calculated over the trailing 1-year period	6.38%	13.74%	-7.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.09%	15.20%	-7.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	17.10%	-8.53%

PHTTX vs. FFSFX - Expense Ratio Comparison

PHTTX has a 0.05% expense ratio, which is lower than FFSFX's 0.68% expense ratio.

Dividends

PHTTX vs. FFSFX - Dividend Comparison

PHTTX's dividend yield for the trailing twelve months is around 5.83%, more than FFSFX's 4.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFSFX Fidelity Freedom 2065 Fund	4.86%	3.69%	2.29%	2.01%	8.77%	7.81%	2.25%	1.40%	0.00%	0.00%	0.00%	0.00%
PHTTX Principal LifeTime Hybrid 2020 Fund	5.83%	6.12%	3.67%	3.46%	7.03%	5.97%	4.75%	3.12%	3.36%	2.52%	2.13%	1.64%

Frequently Asked Questions

Can I hold both PHTTX and FFSFX in my portfolio?

With a correlation of 0.95, PHTTX and FFSFX 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, PHTTX or FFSFX?

FFSFX has higher volatility (5.83%) compared to PHTTX (2.66%). In terms of maximum drawdown, PHTTX dropped -18.94% vs FFSFX's -31.03%.

Which has better risk-adjusted returns?

FFSFX currently has the higher Sharpe Ratio (2.34 vs 2.15), 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.