SWMRX vs. FYTKX
SWMRX (Schwab Target 2045 Fund) and FYTKX (Fidelity Freedom Income Fund Class K6) are both Target Retirement Date funds. Over the past 5 years, SWMRX returned 8.07%/yr vs 3.01%/yr for FYTKX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. SWMRX charges 0.00%/yr vs 0.37%/yr for FYTKX.
Performance
SWMRX vs. FYTKX - Performance Comparison
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Returns By Period
In the year-to-date period, SWMRX achieves a 9.07% return, which is significantly higher than FYTKX's 4.07% return.
SWMRX
- 1D
- 0.29%
- 1M
- -0.15%
- 6M
- 5.63%
- YTD
- 9.07%
- 1Y
- 19.80%
- 3Y*
- 15.22%
- 5Y*
- 8.07%
- 10Y*
- 10.36%
- ALL TIME*
- 9.93%
FYTKX
- 1D
- 0.00%
- 1M
- -0.57%
- 6M
- 2.70%
- YTD
- 4.07%
- 1Y
- 8.26%
- 3Y*
- 7.67%
- 5Y*
- 3.01%
- 10Y*
- —
- ALL TIME*
- 4.29%
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 |
SWMRX vs. FYTKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMRX Schwab Target 2045 Fund | 9.07% | 18.84% | 13.37% | 20.10% | -19.24% | 16.85% | 14.95% | 23.95% | -9.82% | 9.37% |
FYTKX Fidelity Freedom Income Fund Class K6 | 4.07% | 10.61% | 4.60% | 8.42% | -11.23% | 3.25% | 9.07% | 10.71% | -1.84% | 3.46% |
Correlation
The correlation between SWMRX and FYTKX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.72 |
The correlation between SWMRX and FYTKX shifts across timeframes, from 0.72 (5 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SWMRX vs. FYTKX — Risk / Return Rank
SWMRX
FYTKX
SWMRX vs. FYTKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2045 Fund (SWMRX) and Fidelity Freedom Income Fund Class K6 (FYTKX). 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.
| SWMRX | FYTKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.37 | -0.19 |
| Martin ratioReturn relative to average drawdown | 9.24 | 9.68 | -0.45 |
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Drawdowns
SWMRX vs. FYTKX - Drawdown Comparison
The maximum SWMRX drawdown since its inception was -30.41%, which is greater than FYTKX's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for SWMRX and FYTKX.
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Drawdown Indicators
| SWMRX | FYTKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -15.80% | -14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -3.67% | -4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.20% | -4.00% | -10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -30.12% | -15.80% | -14.32% |
Max Drawdown (10Y)Largest decline over 10 years | -30.41% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.08% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -2.84% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.90% | +1.13% |
Volatility
SWMRX vs. FYTKX - Volatility Comparison
Schwab Target 2045 Fund (SWMRX) has a higher volatility of 3.24% compared to Fidelity Freedom Income Fund Class K6 (FYTKX) at 1.63%. This indicates that SWMRX's price experiences larger fluctuations and is considered to be riskier than FYTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMRX | FYTKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 1.63% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 4.61% | +5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 5.20% | +6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.52% | 5.47% | +10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 4.81% | +10.65% |
SWMRX vs. FYTKX - Expense Ratio Comparison
SWMRX has a 0.00% expense ratio, which is lower than FYTKX's 0.37% expense ratio.
Dividends
SWMRX vs. FYTKX - Dividend Comparison
SWMRX's dividend yield for the trailing twelve months is around 4.75%, more than FYTKX's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYTKX Fidelity Freedom Income Fund Class K6 | 2.84% | 3.53% | 3.38% | 3.13% | 6.05% | 6.26% | 4.48% | 3.80% | 5.33% | 2.65% | 0.00% | 0.00% |
SWMRX Schwab Target 2045 Fund | 4.75% | 5.18% | 3.14% | 2.98% | 7.88% | 5.18% | 2.45% | 5.46% | 6.63% | 2.79% | 5.28% | 5.76% |
Frequently Asked Questions
SWMRX and FYTKX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWMRX has higher volatility (3.24%) compared to FYTKX (1.63%). In terms of maximum drawdown, SWMRX dropped -30.41% vs FYTKX's -15.80%.
FYTKX currently has the higher Sharpe Ratio (1.67 vs 1.59), 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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