PTDIX vs. FFFYX

Last updated Jun 24, 2026

PTDIX (Principal LifeTime 2040 Fund) and FFFYX (Fidelity Advisor Freedom 2050 Fund Class C) are both Target Retirement Date funds. Over the past 10 years, PTDIX returned 10.85%/yr vs 11.99%/yr for FFFYX. With a 0.98 correlation, they move nearly in lockstep. PTDIX charges 0.01%/yr vs 1.75%/yr for FFFYX.

Performance

PTDIX vs. FFFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime 2040 Fund (PTDIX) and Fidelity Advisor Freedom 2050 Fund Class C (FFFYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTDIX achieves a 6.96% return, which is significantly lower than FFFYX's 12.48% return. Over the past 10 years, PTDIX has underperformed FFFYX with an annualized return of 10.85%, while FFFYX has yielded a comparatively higher 11.99% annualized return.

PTDIX

• 1D: -0.34%
• 1M: 1.19%
• YTD: 6.96%
• 6M: 6.54%
• 1Y: 17.41%
• 3Y*: 16.53%
• 5Y*: 8.04%
• 10Y*: 10.85%

FFFYX

• 1D: -0.25%
• 1M: 2.80%
• YTD: 12.48%
• 6M: 12.00%
• 1Y: 26.53%
• 3Y*: 20.65%
• 5Y*: 9.87%
• 10Y*: 11.99%

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

PTDIX vs. FFFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTDIX Principal LifeTime 2040 Fund	6.96%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-7.95%	20.69%
FFFYX Fidelity Advisor Freedom 2050 Fund Class C	12.48%	27.84%	12.53%	18.08%	-18.94%	14.82%	16.41%	25.42%	-9.22%	20.44%

Correlation

The correlation between PTDIX and FFFYX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 2, 2006	0.98

The correlation between PTDIX and FFFYX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

PTDIX vs. FFFYX — Risk / Return Rank

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

PTDIX

PTDIX Risk / Return Rank: 46
PTDIX Sharpe Ratio Rank: 43
PTDIX Sortino Ratio Rank: 41
PTDIX Omega Ratio Rank: 43
PTDIX Calmar Ratio Rank: 47
PTDIX Martin Ratio Rank: 58

FFFYX

FFFYX Risk / Return Rank: 57
FFFYX Sharpe Ratio Rank: 56
FFFYX Sortino Ratio Rank: 52
FFFYX Omega Ratio Rank: 56
FFFYX Calmar Ratio Rank: 58
FFFYX Martin Ratio Rank: 65

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.

PTDIX vs. FFFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime 2040 Fund (PTDIX) and Fidelity Advisor Freedom 2050 Fund Class C (FFFYX). 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.

	PTDIX	FFFYX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.03	-0.26
Sortino ratio: Return per unit of downside risk	2.50	2.79	-0.30
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.51	2.80	-0.29
Martin ratio: Return relative to average drawdown	10.92	11.99	-1.08

PTDIX vs. FFFYX - Sharpe Ratio Comparison

The current PTDIX Sharpe Ratio is 1.77, which is comparable to the FFFYX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of PTDIX and FFFYX, 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

PTDIX vs. FFFYX - Drawdown Comparison

The maximum PTDIX drawdown since its inception was -54.38%, smaller than the maximum FFFYX drawdown of -58.62%. Use the drawdown chart below to compare losses from any high point for PTDIX and FFFYX.

Drawdown Indicators

	PTDIX	FFFYX	Difference
Max Drawdown Largest peak-to-trough decline	-54.38%	-58.62%	+4.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	-9.87%	+2.55%
Max Drawdown (3Y) Largest decline over 3 years	-13.05%	-15.19%	+2.14%
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	-27.99%	+2.56%
Max Drawdown (10Y) Largest decline over 10 years	-30.02%	-31.38%	+1.36%
Current Drawdown Current decline from peak	-0.78%	-0.25%	-0.53%
Average Drawdown Average peak-to-trough decline	-7.48%	-9.72%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.30%	-0.62%

Volatility

PTDIX vs. FFFYX - Volatility Comparison

The current volatility for Principal LifeTime 2040 Fund (PTDIX) is 3.96%, while Fidelity Advisor Freedom 2050 Fund Class C (FFFYX) has a volatility of 5.56%. This indicates that PTDIX experiences smaller price fluctuations and is considered to be less risky than FFFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTDIX	FFFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	5.56%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	11.53%	-2.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	13.62%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	15.30%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	15.64%	-1.78%

PTDIX vs. FFFYX - Expense Ratio Comparison

PTDIX has a 0.01% expense ratio, which is lower than FFFYX's 1.75% expense ratio.

Dividends

PTDIX vs. FFFYX - Dividend Comparison

PTDIX's dividend yield for the trailing twelve months is around 9.16%, more than FFFYX's 6.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFFYX Fidelity Advisor Freedom 2050 Fund Class C	6.41%	9.68%	0.92%	0.80%	10.23%	9.02%	4.86%	6.25%	10.95%	3.72%	3.98%	2.96%
PTDIX Principal LifeTime 2040 Fund	9.16%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%

Frequently Asked Questions

Can I hold both PTDIX and FFFYX in my portfolio?

With a correlation of 0.97, PTDIX and FFFYX 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, PTDIX or FFFYX?

FFFYX has higher volatility (5.56%) compared to PTDIX (3.96%). In terms of maximum drawdown, PTDIX dropped -54.38% vs FFFYX's -58.62%.

Which has better risk-adjusted returns?

FFFYX currently has the higher Sharpe Ratio (2.03 vs 1.77), 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.