SWNRX vs. FFFHX
SWNRX (Schwab Target 2050 Fund) and FFFHX (Fidelity Freedom 2050 Fund) are both Target Retirement Date funds. Over the past 10 years, SWNRX returned 10.61%/yr vs 11.91%/yr for FFFHX. Their 0.96 correlation means they have historically moved very closely together. SWNRX charges 0.00%/yr vs 0.68%/yr for FFFHX.
Performance
SWNRX vs. FFFHX - Performance Comparison
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Returns By Period
In the year-to-date period, SWNRX achieves a 9.47% return, which is significantly lower than FFFHX's 11.83% return. Over the past 10 years, SWNRX has underperformed FFFHX with an annualized return of 10.61%, while FFFHX has yielded a comparatively higher 11.91% annualized return.
SWNRX
- 1D
- 1.74%
- 1M
- -0.43%
- 6M
- 6.16%
- YTD
- 9.47%
- 1Y
- 20.78%
- 3Y*
- 15.53%
- 5Y*
- 8.42%
- 10Y*
- 10.61%
- ALL TIME*
- 10.23%
FFFHX
- 1D
- 2.28%
- 1M
- -1.19%
- 6M
- 7.77%
- YTD
- 11.83%
- 1Y
- 24.37%
- 3Y*
- 17.79%
- 5Y*
- 9.91%
- 10Y*
- 11.91%
- ALL TIME*
- 8.02%
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 |
SWNRX vs. FFFHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWNRX Schwab Target 2050 Fund | 9.47% | 19.56% | 13.90% | 20.65% | -19.60% | 17.76% | 15.28% | 23.39% | -10.31% | 22.98% |
FFFHX Fidelity Freedom 2050 Fund | 11.83% | 23.72% | 14.11% | 20.45% | -18.29% | 16.59% | 18.25% | 25.33% | -8.90% | 22.29% |
Correlation
The correlation between SWNRX and FFFHX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2013 | 0.96 |
The correlation between SWNRX and FFFHX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
SWNRX vs. FFFHX — Risk / Return Rank
SWNRX
FFFHX
SWNRX vs. FFFHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Target 2050 Fund (SWNRX) and Fidelity Freedom 2050 Fund (FFFHX). 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.
| SWNRX | FFFHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.34 | -0.26 |
| Martin ratioReturn relative to average drawdown | 8.79 | 9.75 | -0.95 |
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Drawdowns
SWNRX vs. FFFHX - Drawdown Comparison
The maximum SWNRX drawdown since its inception was -31.50%, smaller than the maximum FFFHX drawdown of -56.38%. Use the drawdown chart below to compare losses from any high point for SWNRX and FFFHX.
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Drawdown Indicators
| SWNRX | FFFHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.50% | -56.38% | +24.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -9.70% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.00% | -15.36% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -31.18% | -27.39% | -3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -31.50% | -30.91% | -0.59% |
Current DrawdownCurrent decline from peak | -1.54% | -2.45% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -8.77% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.32% | -0.16% |
Volatility
SWNRX vs. FFFHX - Volatility Comparison
The current volatility for Schwab Target 2050 Fund (SWNRX) is 3.54%, while Fidelity Freedom 2050 Fund (FFFHX) has a volatility of 4.33%. This indicates that SWNRX experiences smaller price fluctuations and is considered to be less risky than FFFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWNRX | FFFHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 4.33% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 12.28% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 14.31% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 15.24% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 15.39% | +0.87% |
SWNRX vs. FFFHX - Expense Ratio Comparison
SWNRX has a 0.00% expense ratio, which is lower than FFFHX's 0.68% expense ratio.
Dividends
SWNRX vs. FFFHX - Dividend Comparison
SWNRX's dividend yield for the trailing twelve months is around 4.49%, less than FFFHX's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFHX Fidelity Freedom 2050 Fund | 5.35% | 4.14% | 1.86% | 1.78% | 11.83% | 11.76% | 4.93% | 6.48% | 7.69% | 3.98% | 4.12% | 4.16% |
SWNRX Schwab Target 2050 Fund | 4.49% | 4.91% | 3.33% | 3.38% | 8.27% | 5.97% | 2.35% | 4.95% | 6.51% | 2.71% | 5.34% | 5.80% |
Frequently Asked Questions
With a correlation of 0.99, SWNRX and FFFHX 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.
FFFHX has higher volatility (4.33%) compared to SWNRX (3.54%). In terms of maximum drawdown, SWNRX dropped -31.50% vs FFFHX's -56.38%.
FFFHX currently has the higher Sharpe Ratio (1.58 vs 1.51), 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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