RFITX vs. FFGZX
RFITX (American Funds 2050 Target Date Retirement Fund Class R6) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, RFITX returned 12.38%/yr vs 4.26%/yr for FFGZX. A 0.72 correlation means they provide meaningful diversification when combined. RFITX charges 0.37%/yr vs 0.08%/yr for FFGZX.
Performance
RFITX vs. FFGZX - Performance Comparison
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Returns By Period
In the year-to-date period, RFITX achieves a 10.49% return, which is significantly higher than FFGZX's 3.98% return. Over the past 10 years, RFITX has outperformed FFGZX with an annualized return of 12.38%, while FFGZX has yielded a comparatively lower 4.26% annualized return.
RFITX
- 1D
- 1.08%
- 1M
- 2.22%
- YTD
- 10.49%
- 6M
- 10.51%
- 1Y
- 24.90%
- 3Y*
- 18.39%
- 5Y*
- 10.18%
- 10Y*
- 12.38%
FFGZX
- 1D
- 0.47%
- 1M
- 0.81%
- YTD
- 3.98%
- 6M
- 4.04%
- 1Y
- 9.64%
- 3Y*
- 7.32%
- 5Y*
- 3.15%
- 10Y*
- 4.26%
RFITX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFITX American Funds 2050 Target Date Retirement Fund Class R6 | 10.49% | 20.45% | 15.43% | 20.84% | -18.88% | 17.32% | 19.44% | 25.01% | -5.59% | 22.61% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.98% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between RFITX and FFGZX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015 | 0.72 |
The correlation between RFITX and FFGZX shifts across timeframes, from 0.69 (5 years) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RFITX vs. FFGZX — Risk / Return Rank
RFITX
FFGZX
RFITX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2050 Target Date Retirement Fund Class R6 (RFITX) 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.
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.
| RFITX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.91 | -0.29 |
| Martin ratioReturn relative to average drawdown | 11.66 | 12.65 | -0.99 |
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Drawdowns
RFITX vs. FFGZX - Drawdown Comparison
The maximum RFITX drawdown since its inception was -29.28%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for RFITX and FFGZX.
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Drawdown Indicators
| RFITX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.28% | -14.94% | -14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -3.33% | -6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.86% | -4.76% | -10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.47% | -14.94% | -11.53% |
Max Drawdown (10Y)Largest decline over 10 years | -29.28% | -14.94% | -14.34% |
Current DrawdownCurrent decline from peak | -0.11% | -0.29% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -2.26% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 0.76% | +1.35% |
Volatility
RFITX vs. FFGZX - Volatility Comparison
American Funds 2050 Target Date Retirement Fund Class R6 (RFITX) has a higher volatility of 4.92% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.92%. This indicates that RFITX'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
| RFITX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 1.92% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 3.69% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 4.31% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 5.14% | +9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 4.46% | +10.46% |
RFITX vs. FFGZX - Expense Ratio Comparison
RFITX has a 0.37% expense ratio, which is higher than FFGZX's 0.08% expense ratio.
Dividends
RFITX vs. FFGZX - Dividend Comparison
RFITX's dividend yield for the trailing twelve months is around 5.49%, 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% |
RFITX American Funds 2050 Target Date Retirement Fund Class R6 | 5.49% | 6.07% | 3.62% | 2.64% | 7.38% | 4.60% | 3.40% | 4.46% | 5.11% | 2.64% | 3.82% | 5.15% |
Frequently Asked Questions
RFITX and FFGZX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RFITX has higher volatility (4.92%) compared to FFGZX (1.92%). In terms of maximum drawdown, RFITX dropped -29.28% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.25 vs 2.01), 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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