TRIKX vs. FFGZX
Compare and contrast key facts about T. Rowe Price Retirement 2045 Fund Class I (TRIKX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX).
TRIKX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P Target Date 2045. It was launched on Nov 13, 2023. FFGZX is managed by Fidelity. It was launched on Oct 2, 2009.
Performance
TRIKX vs. FFGZX - Performance Comparison
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TRIKX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TRIKX T. Rowe Price Retirement 2045 Fund Class I | -0.91% | 18.71% | 14.23% | 7.04% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 0.03% | 9.13% | 5.02% | 4.35% |
Returns By Period
In the year-to-date period, TRIKX achieves a -0.91% return, which is significantly lower than FFGZX's 0.03% return.
TRIKX
- 1D
- 2.73%
- 1M
- -6.29%
- YTD
- -0.91%
- 6M
- 1.62%
- 1Y
- 17.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFGZX
- 1D
- 0.82%
- 1M
- -1.91%
- YTD
- 0.03%
- 6M
- 1.12%
- 1Y
- 7.06%
- 3Y*
- 6.23%
- 5Y*
- 2.69%
- 10Y*
- 3.95%
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TRIKX vs. FFGZX - Expense Ratio Comparison
TRIKX has a 0.43% expense ratio, which is higher than FFGZX's 0.08% expense ratio.
Return for Risk
TRIKX vs. FFGZX — Risk / Return Rank
TRIKX
FFGZX
TRIKX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2045 Fund Class I (TRIKX) 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.
| TRIKX | FFGZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.65 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.33 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.23 | -0.71 |
Martin ratioReturn relative to average drawdown | 6.87 | 9.26 | -2.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRIKX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.65 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.86 | +0.38 |
Correlation
The correlation between TRIKX and FFGZX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TRIKX vs. FFGZX - Dividend Comparison
TRIKX's dividend yield for the trailing twelve months is around 3.99%, more than FFGZX's 3.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRIKX T. Rowe Price Retirement 2045 Fund Class I | 3.99% | 3.95% | 2.21% | 4.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.43% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
Drawdowns
TRIKX vs. FFGZX - Drawdown Comparison
The maximum TRIKX drawdown since its inception was -15.16%, roughly equal to the maximum FFGZX drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for TRIKX and FFGZX.
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Drawdown Indicators
| TRIKX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.16% | -14.94% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -3.33% | -8.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.94% | — |
Current DrawdownCurrent decline from peak | -7.05% | -2.30% | -4.75% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -2.29% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.80% | +1.73% |
Volatility
TRIKX vs. FFGZX - Volatility Comparison
T. Rowe Price Retirement 2045 Fund Class I (TRIKX) has a higher volatility of 5.87% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 2.06%. This indicates that TRIKX'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
| TRIKX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 2.06% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 2.89% | +6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 4.42% | +11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 5.04% | +8.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 4.39% | +9.10% |