RFETX vs. FVTKX

Last updated Jun 20, 2026

RFETX (American Funds 2030 Target Date Retirement Fund Class R6) and FVTKX (Fidelity Freedom 2060 Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, RFETX returned 7.19%/yr vs 11.25%/yr for FVTKX. With a 0.96 correlation, they move nearly in lockstep. RFETX charges 0.33%/yr vs 0.50%/yr for FVTKX.

Performance

RFETX vs. FVTKX - 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 2060 Fund Class K6 (FVTKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFETX achieves a 5.86% return, which is significantly lower than FVTKX's 15.06% return.

RFETX

• 1D: 0.51%
• 1M: 1.17%
• YTD: 5.86%
• 6M: 6.39%
• 1Y: 15.75%
• 3Y*: 13.07%
• 5Y*: 7.19%
• 10Y*: 9.44%

FVTKX

• 1D: 1.48%
• 1M: 3.45%
• YTD: 15.06%
• 6M: 15.88%
• 1Y: 32.77%
• 3Y*: 20.37%
• 5Y*: 11.25%
• 10Y*: —

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

RFETX vs. FVTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RFETX American Funds 2030 Target Date Retirement Fund Class R6	5.86%	15.73%	10.86%	14.52%	-14.50%	13.22%	15.17%	20.03%	-4.14%	8.10%
FVTKX Fidelity Freedom 2060 Fund Class K6	15.06%	24.13%	14.37%	20.86%	-18.11%	16.79%	18.59%	25.60%	-8.68%	9.82%

Correlation

The correlation between RFETX and FVTKX is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.96

The correlation between RFETX and FVTKX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

RFETX vs. FVTKX — Risk / Return Rank

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

RFETX

RFETX Risk / Return Rank: 59
RFETX Sharpe Ratio Rank: 61
RFETX Sortino Ratio Rank: 62
RFETX Omega Ratio Rank: 61
RFETX Calmar Ratio Rank: 51
RFETX Martin Ratio Rank: 63

FVTKX

FVTKX Risk / Return Rank: 79
FVTKX Sharpe Ratio Rank: 80
FVTKX Sortino Ratio Rank: 75
FVTKX Omega Ratio Rank: 77
FVTKX Calmar Ratio Rank: 79
FVTKX Martin Ratio Rank: 85

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.

RFETX vs. FVTKX - 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 2060 Fund Class K6 (FVTKX). 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	FVTKX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.36	-0.30
Sortino ratio: Return per unit of downside risk	2.97	3.21	-0.24
Omega ratio: Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio: Return relative to maximum drawdown	2.58	3.33	-0.75
Martin ratio: Return relative to average drawdown	11.36	14.52	-3.16

RFETX vs. FVTKX - Sharpe Ratio Comparison

The current RFETX Sharpe Ratio is 2.06, which is comparable to the FVTKX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of RFETX and FVTKX, 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. FVTKX - Drawdown Comparison

The maximum RFETX drawdown since its inception was -22.29%, smaller than the maximum FVTKX drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for RFETX and FVTKX.

Drawdown Indicators

	RFETX	FVTKX	Difference
Max Drawdown Largest peak-to-trough decline	-22.29%	-30.94%	+8.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-9.81%	+3.73%
Max Drawdown (3Y) Largest decline over 3 years	-8.68%	-15.35%	+6.67%
Max Drawdown (5Y) Largest decline over 5 years	-20.81%	-27.12%	+6.31%
Max Drawdown (10Y) Largest decline over 10 years	-22.29%	—	—
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-3.28%	-5.44%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	2.24%	-0.86%

Volatility

RFETX vs. FVTKX - Volatility Comparison

The current volatility for American Funds 2030 Target Date Retirement Fund Class R6 (RFETX) is 2.83%, while Fidelity Freedom 2060 Fund Class K6 (FVTKX) has a volatility of 5.88%. This indicates that RFETX experiences smaller price fluctuations and is considered to be less risky than FVTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFETX	FVTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	5.88%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	6.21%	11.80%	-5.59%
Volatility (1Y) Calculated over the trailing 1-year period	7.60%	13.81%	-6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.78%	15.22%	-5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.68%	15.95%	-5.27%

RFETX vs. FVTKX - Expense Ratio Comparison

RFETX has a 0.33% expense ratio, which is lower than FVTKX's 0.50% expense ratio.

Dividends

RFETX vs. FVTKX - Dividend Comparison

RFETX's dividend yield for the trailing twelve months is around 6.25%, more than FVTKX's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVTKX Fidelity Freedom 2060 Fund Class K6	4.99%	3.87%	2.52%	2.26%	10.84%	10.41%	4.04%	6.19%	6.19%	2.46%	0.00%	0.00%
RFETX American Funds 2030 Target Date Retirement Fund Class R6	6.25%	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 FVTKX in my portfolio?

With a correlation of 0.95, RFETX and FVTKX 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 FVTKX?

FVTKX has higher volatility (5.88%) compared to RFETX (2.83%). In terms of maximum drawdown, RFETX dropped -22.29% vs FVTKX's -30.94%.

Which has better risk-adjusted returns?

FVTKX currently has the higher Sharpe Ratio (2.36 vs 2.06), 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.