TRRAX vs. FNSHX
Compare and contrast key facts about T. Rowe Price Retirement 2010 Fund (TRRAX) and Fidelity Freedom Income Fund Class K (FNSHX).
TRRAX is managed by T. Rowe Price. It was launched on Sep 29, 2002. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
TRRAX vs. FNSHX - Performance Comparison
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TRRAX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRAX T. Rowe Price Retirement 2010 Fund | -0.44% | 11.77% | 8.48% | 12.49% | -13.94% | 8.87% | 11.90% | 16.17% | -3.66% | 3.83% |
FNSHX Fidelity Freedom Income Fund Class K | 0.45% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
In the year-to-date period, TRRAX achieves a -0.44% return, which is significantly lower than FNSHX's 0.45% return.
TRRAX
- 1D
- 1.34%
- 1M
- -3.45%
- YTD
- -0.44%
- 6M
- 1.08%
- 1Y
- 9.62%
- 3Y*
- 9.20%
- 5Y*
- 4.33%
- 10Y*
- 6.20%
FNSHX
- 1D
- 0.98%
- 1M
- -2.22%
- YTD
- 0.45%
- 6M
- 1.62%
- 1Y
- 8.22%
- 3Y*
- 6.53%
- 5Y*
- 2.75%
- 10Y*
- —
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TRRAX vs. FNSHX - Expense Ratio Comparison
TRRAX has a 0.49% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Return for Risk
TRRAX vs. FNSHX — Risk / Return Rank
TRRAX
FNSHX
TRRAX vs. FNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2010 Fund (TRRAX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.
| TRRAX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.76 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.46 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.34 | -0.73 |
Martin ratioReturn relative to average drawdown | 7.01 | 9.69 | -2.68 |
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
| TRRAX | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.76 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.53 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.75 | -0.07 |
Correlation
The correlation between TRRAX and FNSHX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRRAX vs. FNSHX - Dividend Comparison
TRRAX's dividend yield for the trailing twelve months is around 5.89%, more than FNSHX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRAX T. Rowe Price Retirement 2010 Fund | 5.89% | 5.87% | 4.10% | 4.32% | 11.83% | 13.61% | 9.86% | 4.55% | 8.50% | 5.96% | 2.19% | 2.07% |
FNSHX Fidelity Freedom Income Fund Class K | 3.26% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRAX vs. FNSHX - Drawdown Comparison
The maximum TRRAX drawdown since its inception was -38.81%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for TRRAX and FNSHX.
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Drawdown Indicators
| TRRAX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.81% | -15.87% | -22.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.77% | -3.68% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.40% | -15.87% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -3.80% | -2.56% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -3.09% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.89% | +0.44% |
Volatility
TRRAX vs. FNSHX - Volatility Comparison
T. Rowe Price Retirement 2010 Fund (TRRAX) has a higher volatility of 3.06% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.45%. This indicates that TRRAX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRAX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.45% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 3.30% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 4.89% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 5.27% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 4.81% | +3.03% |