PLWIX vs. FHNDX
PLWIX (Principal LifeTime 2020 Fund) and FHNDX (Fidelity Freedom Blend 2020 Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, PLWIX returned 4.88%/yr vs 4.52%/yr for FHNDX. Their 0.96 correlation means they have historically moved very closely together. PLWIX charges 0.01%/yr vs 0.24%/yr for FHNDX.
Performance
PLWIX vs. FHNDX - Performance Comparison
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Returns By Period
In the year-to-date period, PLWIX achieves a 3.96% return, which is significantly lower than FHNDX's 5.86% return.
PLWIX
- 1D
- 0.72%
- 1M
- -0.16%
- 6M
- 2.52%
- YTD
- 3.96%
- 1Y
- 9.09%
- 3Y*
- 10.38%
- 5Y*
- 4.88%
- 10Y*
- 7.07%
- ALL TIME*
- 5.98%
FHNDX
- 1D
- 1.07%
- 1M
- -0.88%
- 6M
- 3.83%
- YTD
- 5.86%
- 1Y
- 12.48%
- 3Y*
- 10.26%
- 5Y*
- 4.52%
- 10Y*
- —
- ALL TIME*
- 6.74%
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 |
PLWIX vs. FHNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PLWIX Principal LifeTime 2020 Fund | 3.96% | 11.32% | 12.21% | 12.23% | -14.36% | 9.05% | 12.70% | 18.40% | -8.05% |
FHNDX Fidelity Freedom Blend 2020 Fund Class K6 | 5.86% | 14.56% | 7.19% | 12.95% | -16.38% | 8.72% | 13.59% | 18.58% | -6.83% |
Correlation
The correlation between PLWIX and FHNDX is 0.97 - 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. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.96 |
The correlation between PLWIX and FHNDX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
PLWIX vs. FHNDX — Risk / Return Rank
PLWIX
FHNDX
PLWIX vs. FHNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2020 Fund (PLWIX) and Fidelity Freedom Blend 2020 Fund Class K6 (FHNDX). 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.
| PLWIX | FHNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.23 | -0.42 |
| Martin ratioReturn relative to average drawdown | 7.75 | 9.08 | -1.33 |
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Drawdowns
PLWIX vs. FHNDX - Drawdown Comparison
The maximum PLWIX drawdown since its inception was -49.07%, which is greater than FHNDX's maximum drawdown of -22.68%. Use the drawdown chart below to compare losses from any high point for PLWIX and FHNDX.
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Drawdown Indicators
| PLWIX | FHNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.07% | -22.68% | -26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -5.46% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -7.32% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.73% | -22.68% | +2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -20.29% | — | — |
Current DrawdownCurrent decline from peak | -0.71% | -1.60% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -4.71% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.34% | -0.23% |
Volatility
PLWIX vs. FHNDX - Volatility Comparison
The current volatility for Principal LifeTime 2020 Fund (PLWIX) is 1.73%, while Fidelity Freedom Blend 2020 Fund Class K6 (FHNDX) has a volatility of 2.29%. This indicates that PLWIX experiences smaller price fluctuations and is considered to be less risky than FHNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLWIX | FHNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 2.29% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | 6.64% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 7.69% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.29% | 9.07% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.52% | 9.71% | -1.19% |
PLWIX vs. FHNDX - Expense Ratio Comparison
PLWIX has a 0.01% expense ratio, which is lower than FHNDX's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PLWIX vs. FHNDX - Dividend Comparison
PLWIX's dividend yield for the trailing twelve months is around 9.70%, more than FHNDX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHNDX Fidelity Freedom Blend 2020 Fund Class K6 | 3.59% | 2.77% | 2.62% | 2.66% | 5.94% | 7.22% | 4.45% | 3.01% | 1.37% | 0.00% | 0.00% | 0.00% |
PLWIX Principal LifeTime 2020 Fund | 9.70% | 10.08% | 11.91% | 5.12% | 9.82% | 9.40% | 5.90% | 8.69% | 7.35% | 5.74% | 3.73% | 8.75% |
Frequently Asked Questions
With a correlation of 0.97, PLWIX and FHNDX 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.
FHNDX has higher volatility (2.29%) compared to PLWIX (1.73%). In terms of maximum drawdown, PLWIX dropped -49.07% vs FHNDX's -22.68%.
FHNDX currently has the higher Sharpe Ratio (1.59 vs 1.35), 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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