PLTQX vs. FSNKX
PLTQX (Principal LifeTime Hybrid 2040 Fund) and FSNKX (Fidelity Freedom 2010 Fund Class K) are both Target Retirement Date funds. Over the past 5 years, PLTQX returned 8.07%/yr vs 3.30%/yr for FSNKX. Their correlation of 0.86 means they have usually moved in the same direction. PLTQX charges 0.05%/yr vs 0.44%/yr for FSNKX.
Performance
PLTQX vs. FSNKX - Performance Comparison
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Returns By Period
In the year-to-date period, PLTQX achieves a 8.07% return, which is significantly higher than FSNKX's 4.25% return.
PLTQX
- 1D
- 1.42%
- 1M
- -0.06%
- 6M
- 5.51%
- YTD
- 8.07%
- 1Y
- 18.03%
- 3Y*
- 14.55%
- 5Y*
- 8.07%
- 10Y*
- 10.09%
- ALL TIME*
- 9.45%
FSNKX
- 1D
- 0.73%
- 1M
- -0.72%
- 6M
- 2.72%
- YTD
- 4.25%
- 1Y
- 8.88%
- 3Y*
- 8.06%
- 5Y*
- 3.30%
- 10Y*
- —
- ALL TIME*
- 5.19%
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 |
PLTQX vs. FSNKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLTQX Principal LifeTime Hybrid 2040 Fund | 8.07% | 17.25% | 14.58% | 18.16% | -17.90% | 17.09% | 15.41% | 23.86% | -8.61% | 7.19% |
FSNKX Fidelity Freedom 2010 Fund Class K | 4.25% | 11.42% | 5.33% | 9.94% | -13.18% | 5.67% | 11.22% | 14.40% | -3.50% | 4.12% |
Correlation
The correlation between PLTQX and FSNKX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.86 |
The correlation between PLTQX and FSNKX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
PLTQX vs. FSNKX — Risk / Return Rank
PLTQX
FSNKX
PLTQX vs. FSNKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2040 Fund (PLTQX) and Fidelity Freedom 2010 Fund Class K (FSNKX). 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.
| PLTQX | FSNKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.26 | +0.01 |
| Martin ratioReturn relative to average drawdown | 9.77 | 9.19 | +0.58 |
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Drawdowns
PLTQX vs. FSNKX - Drawdown Comparison
The maximum PLTQX drawdown since its inception was -29.05%, which is greater than FSNKX's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for PLTQX and FSNKX.
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Drawdown Indicators
| PLTQX | FSNKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.05% | -18.31% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -4.00% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -13.75% | -4.77% | -8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -18.31% | -5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -29.05% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -1.23% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -3.56% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.98% | +0.71% |
Volatility
PLTQX vs. FSNKX - Volatility Comparison
Principal LifeTime Hybrid 2040 Fund (PLTQX) has a higher volatility of 3.05% compared to Fidelity Freedom 2010 Fund Class K (FSNKX) at 1.71%. This indicates that PLTQX's price experiences larger fluctuations and is considered to be riskier than FSNKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTQX | FSNKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.71% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 4.96% | +4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 5.65% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 6.51% | +6.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 6.46% | +7.31% |
PLTQX vs. FSNKX - Expense Ratio Comparison
PLTQX has a 0.05% expense ratio, which is lower than FSNKX's 0.44% expense ratio.
Dividends
PLTQX vs. FSNKX - Dividend Comparison
PLTQX's dividend yield for the trailing twelve months is around 4.16%, less than FSNKX's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNKX Fidelity Freedom 2010 Fund Class K | 4.73% | 4.99% | 3.05% | 2.83% | 7.28% | 9.36% | 6.05% | 5.83% | 7.26% | 3.53% | 0.00% | 0.00% |
PLTQX Principal LifeTime Hybrid 2040 Fund | 4.16% | 4.50% | 4.19% | 3.14% | 8.95% | 5.00% | 3.85% | 3.84% | 4.47% | 2.37% | 2.34% | 1.65% |
Frequently Asked Questions
With a correlation of 0.91, PLTQX and FSNKX 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.
PLTQX has higher volatility (3.05%) compared to FSNKX (1.71%). In terms of maximum drawdown, PLTQX dropped -29.05% vs FSNKX's -18.31%.
FSNKX currently has the higher Sharpe Ratio (1.60 vs 1.52), 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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