PVQNX vs. FFGZX
PVQNX (PIMCO RealPath Blend 2045 Fund) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, PVQNX returned 11.16%/yr vs 4.25%/yr for FFGZX. A 0.75 correlation means they provide meaningful diversification when combined. PVQNX charges 0.06%/yr vs 0.08%/yr for FFGZX.
Performance
PVQNX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, PVQNX achieves a 10.85% return, which is significantly higher than FFGZX's 3.95% return. Over the past 10 years, PVQNX has outperformed FFGZX with an annualized return of 11.16%, while FFGZX has yielded a comparatively lower 4.25% annualized return.
PVQNX
- 1D
- -0.70%
- 1M
- 3.16%
- YTD
- 10.85%
- 6M
- 11.51%
- 1Y
- 25.44%
- 3Y*
- 17.95%
- 5Y*
- 9.36%
- 10Y*
- 11.16%
FFGZX
- 1D
- -0.31%
- 1M
- 1.19%
- YTD
- 3.95%
- 6M
- 4.10%
- 1Y
- 9.74%
- 3Y*
- 7.57%
- 5Y*
- 3.14%
- 10Y*
- 4.25%
PVQNX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVQNX PIMCO RealPath Blend 2045 Fund | 10.85% | 19.82% | 13.19% | 19.01% | -17.27% | 17.71% | 13.93% | 24.43% | -7.44% | 19.64% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.95% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between PVQNX and FFGZX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.75 |
The correlation between PVQNX and FFGZX shifts across timeframes, from 0.73 (5 years) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PVQNX vs. FFGZX — Risk / Return Rank
PVQNX
FFGZX
PVQNX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2045 Fund (PVQNX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| PVQNX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.51 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.08 | +0.09 |
| Martin ratioReturn relative to average drawdown | 14.18 | 13.76 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PVQNX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.55 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.62 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.96 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.93 | -0.23 |
Drawdowns
PVQNX vs. FFGZX - Drawdown Comparison
The maximum PVQNX drawdown since its inception was -30.68%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for PVQNX and FFGZX.
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Drawdown Indicators
| PVQNX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -14.94% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -3.33% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -4.76% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -14.94% | -10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -14.94% | -15.74% |
Current DrawdownCurrent decline from peak | -0.70% | -0.31% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -2.26% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 0.74% | +1.09% |
Volatility
PVQNX vs. FFGZX - Volatility Comparison
PIMCO RealPath Blend 2045 Fund (PVQNX) has a higher volatility of 3.23% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.52%. This indicates that PVQNX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVQNX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 1.52% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 3.34% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 4.02% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.55% | 5.09% | +8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 4.43% | +9.82% |
PVQNX vs. FFGZX - Expense Ratio Comparison
PVQNX has a 0.06% expense ratio, which is lower than FFGZX's 0.08% 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
PVQNX vs. FFGZX - Dividend Comparison
PVQNX's dividend yield for the trailing twelve months is around 4.07%, more than FFGZX's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.22% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
PVQNX PIMCO RealPath Blend 2045 Fund | 4.07% | 4.23% | 4.22% | 2.37% | 2.62% | 5.08% | 1.41% | 3.82% | 6.65% | 2.10% | 2.43% | 2.18% |
Frequently Asked Questions
PVQNX and FFGZX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PVQNX has higher volatility (3.23%) compared to FFGZX (1.52%). In terms of maximum drawdown, PVQNX dropped -30.68% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.55 vs 2.51), 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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