RBATX vs. FWLSX
RBATX (American Funds 2010 Target Date Retirement Fund Class R2) and FWLSX (Fidelity Flex Freedom Blend 2060 Fund) are both Target Retirement Date funds. Over the past 5 years, RBATX returned 4.18%/yr vs 10.71%/yr for FWLSX. Their correlation of 0.88 means they have usually moved in the same direction. RBATX charges 1.37%/yr vs 0.00%/yr for FWLSX.
Performance
RBATX vs. FWLSX - Performance Comparison
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Returns By Period
In the year-to-date period, RBATX achieves a 3.73% return, which is significantly lower than FWLSX's 12.35% return.
RBATX
- 1D
- 0.32%
- 1M
- -0.08%
- 6M
- 2.12%
- YTD
- 3.73%
- 1Y
- 8.48%
- 3Y*
- 8.60%
- 5Y*
- 4.18%
- 10Y*
- 5.20%
- ALL TIME*
- 4.37%
FWLSX
- 1D
- 2.33%
- 1M
- -1.01%
- 6M
- 8.41%
- YTD
- 12.35%
- 1Y
- 24.74%
- 3Y*
- 19.00%
- 5Y*
- 10.71%
- 10Y*
- —
- ALL TIME*
- 12.05%
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 |
RBATX vs. FWLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBATX American Funds 2010 Target Date Retirement Fund Class R2 | 3.73% | 11.80% | 7.05% | 7.53% | -10.21% | 8.18% | 8.06% | 12.59% | -3.57% | 3.75% |
FWLSX Fidelity Flex Freedom Blend 2060 Fund | 12.35% | 22.76% | 17.95% | 21.00% | -18.55% | 16.88% | 18.48% | 25.96% | -8.33% | 10.11% |
Correlation
The correlation between RBATX and FWLSX is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.88 |
The correlation between RBATX and FWLSX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
RBATX vs. FWLSX — Risk / Return Rank
RBATX
FWLSX
RBATX vs. FWLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2010 Target Date Retirement Fund Class R2 (RBATX) and Fidelity Flex Freedom Blend 2060 Fund (FWLSX). 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.
| RBATX | FWLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.42 | -0.56 |
| Martin ratioReturn relative to average drawdown | 7.82 | 10.11 | -2.29 |
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Drawdowns
RBATX vs. FWLSX - Drawdown Comparison
The maximum RBATX drawdown since its inception was -38.65%, which is greater than FWLSX's maximum drawdown of -31.32%. Use the drawdown chart below to compare losses from any high point for RBATX and FWLSX.
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Drawdown Indicators
| RBATX | FWLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.65% | -31.32% | -7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.49% | -9.49% | +5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.07% | -15.38% | +10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.49% | -27.40% | +11.91% |
Max Drawdown (10Y)Largest decline over 10 years | -15.49% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -2.17% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -5.36% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 2.27% | -1.21% |
Volatility
RBATX vs. FWLSX - Volatility Comparison
The current volatility for American Funds 2010 Target Date Retirement Fund Class R2 (RBATX) is 1.16%, while Fidelity Flex Freedom Blend 2060 Fund (FWLSX) has a volatility of 4.39%. This indicates that RBATX experiences smaller price fluctuations and is considered to be less risky than FWLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RBATX | FWLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 4.39% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 12.17% | -8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 14.21% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 15.36% | -8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 16.10% | -9.44% |
RBATX vs. FWLSX - Expense Ratio Comparison
RBATX has a 1.37% expense ratio, which is higher than FWLSX's 0.00% expense ratio.
Dividends
RBATX vs. FWLSX - Dividend Comparison
RBATX's dividend yield for the trailing twelve months is around 5.93%, more than FWLSX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWLSX Fidelity Flex Freedom Blend 2060 Fund | 4.08% | 3.14% | 7.07% | 2.36% | 5.59% | 9.05% | 5.80% | 7.02% | 8.16% | 3.09% | 0.00% | 0.00% |
RBATX American Funds 2010 Target Date Retirement Fund Class R2 | 5.93% | 6.15% | 4.36% | 2.80% | 2.58% | 3.02% | 3.02% | 2.73% | 3.00% | 1.73% | 1.96% | 3.88% |
Frequently Asked Questions
RBATX and FWLSX 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.
FWLSX has higher volatility (4.39%) compared to RBATX (1.16%). In terms of maximum drawdown, RBATX dropped -38.65% vs FWLSX's -31.32%.
RBATX currently has the higher Sharpe Ratio (1.68 vs 1.62), 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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