RFETX vs. FIKFX

Last updated Aug 5, 2026

RFETX (American Funds 2030 Target Date Retirement Fund Class R6) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds. Over the past 10 years, RFETX returned 9.14%/yr vs 4.05%/yr for FIKFX. Their correlation of 0.80 means they have usually moved in the same direction. RFETX charges 0.33%/yr vs 0.12%/yr for FIKFX.

Performance

RFETX vs. FIKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2030 Target Date Retirement Fund Class R6 (RFETX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFETX achieves a 6.29% return, which is significantly higher than FIKFX's 3.61% return. Over the past 10 years, RFETX has outperformed FIKFX with an annualized return of 9.14%, while FIKFX has yielded a comparatively lower 4.05% annualized return.

RFETX

• 1D: 0.55%
• 1M: 0.25%
• 6M: 4.50%
• YTD: 6.29%
• 1Y: 12.11%
• 3Y*: 12.98%
• 5Y*: 6.70%
• 10Y*: 9.14%
• ALL TIME*: 9.36%

FIKFX

• 1D: 0.32%
• 1M: -0.03%
• 6M: 2.62%
• YTD: 3.61%
• 1Y: 7.09%
• 3Y*: 7.31%
• 5Y*: 2.73%
• 10Y*: 4.05%
• ALL TIME*: 3.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIKFX Fidelity Freedom Index Retirement Fund Investor Class	$0.00	$0.00	$0.00
RFETX American Funds 2030 Target Date Retirement Fund Class R6	$0.00	$0.00	$0.00

RFETX vs. FIKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RFETX American Funds 2030 Target Date Retirement Fund Class R6	6.29%	15.73%	10.86%	14.52%	-14.50%	13.22%	15.17%	20.03%	-4.14%	18.53%
FIKFX Fidelity Freedom Index Retirement Fund Investor Class	3.61%	9.23%	4.96%	8.28%	-11.09%	2.79%	8.54%	10.59%	-0.76%	6.66%

Correlation

The correlation between RFETX and FIKFX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.80

The correlation between RFETX and FIKFX shifts across timeframes, from 0.77 (10 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RFETX vs. FIKFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RFETX

RFETX Risk / Return Rank: 61
RFETX Sharpe Ratio Rank: 63
RFETX Sortino Ratio Rank: 63
RFETX Omega Ratio Rank: 62
RFETX Calmar Ratio Rank: 53
RFETX Martin Ratio Rank: 66

FIKFX

FIKFX Risk / Return Rank: 65
FIKFX Sharpe Ratio Rank: 65
FIKFX Sortino Ratio Rank: 67
FIKFX Omega Ratio Rank: 68
FIKFX Calmar Ratio Rank: 60
FIKFX Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RFETX vs. FIKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds 2030 Target Date Retirement Fund Class R6 (RFETX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). 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.

	RFETX	FIKFX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.68	+0.04
Sortino ratio: Return per unit of downside risk	2.48	2.44	+0.04
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.18	2.25	-0.07
Martin ratio: Return relative to average drawdown	9.42	9.29	+0.14

RFETX vs. FIKFX - Sharpe Ratio Comparison

The current RFETX Sharpe Ratio is 1.73, which is comparable to the FIKFX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of RFETX and FIKFX, 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

RFETX vs. FIKFX - Drawdown Comparison

The maximum RFETX drawdown since its inception was -22.29%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for RFETX and FIKFX.

Drawdown Indicators

	RFETX	FIKFX	Difference
Max Drawdown Largest peak-to-trough decline	-22.29%	-15.03%	-7.26%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-3.32%	-2.76%
Max Drawdown (3Y) Largest decline over 3 years	-8.68%	-3.82%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-20.81%	-15.03%	-5.78%
Max Drawdown (10Y) Largest decline over 10 years	-22.29%	-15.03%	-7.26%
Current Drawdown Current decline from peak	-0.15%	-0.56%	+0.41%
Average Drawdown Average peak-to-trough decline	-3.26%	-1.71%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	0.80%	+0.60%

Volatility

RFETX vs. FIKFX - Volatility Comparison

American Funds 2030 Target Date Retirement Fund Class R6 (RFETX) has a higher volatility of 1.88% compared to Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) at 1.39%. This indicates that RFETX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFETX	FIKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	1.39%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	6.21%	3.85%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	7.68%	4.45%	+3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.78%	5.21%	+4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.59%	4.48%	+6.11%

RFETX vs. FIKFX - Expense Ratio Comparison

RFETX has a 0.33% expense ratio, which is higher than FIKFX's 0.12% expense ratio.

Dividends

RFETX vs. FIKFX - Dividend Comparison

RFETX's dividend yield for the trailing twelve months is around 6.23%, more than FIKFX's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKFX Fidelity Freedom Index Retirement Fund Investor Class	2.87%	3.40%	3.13%	2.85%	3.06%	2.04%	2.18%	7.27%	2.94%	1.89%	1.65%	1.39%
RFETX American Funds 2030 Target Date Retirement Fund Class R6	6.23%	6.62%	4.04%	3.00%	4.73%	6.77%	3.86%	4.26%	4.81%	2.86%	3.77%	5.83%

Frequently Asked Questions

Can I hold both RFETX and FIKFX in my portfolio?

With a correlation of 0.92, RFETX and FIKFX 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, RFETX or FIKFX?

RFETX has higher volatility (1.88%) compared to FIKFX (1.39%). In terms of maximum drawdown, RFETX dropped -22.29% vs FIKFX's -15.03%.

Which has better risk-adjusted returns?

RFETX currently has the higher Sharpe Ratio (1.73 vs 1.68), 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.