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TRRDX vs. FFFFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TRRDX and FFFFX is 0.93, 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.


Performance

TRRDX vs. FFFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2040 Fund (TRRDX) and Fidelity Freedom 2040 Fund (FFFFX). The values are adjusted to include any dividend payments, if applicable.

260.00%280.00%300.00%320.00%340.00%360.00%December2025FebruaryMarchAprilMay
291.47%
346.81%
TRRDX
FFFFX

Key characteristics

Sharpe Ratio

TRRDX:

0.48

FFFFX:

0.52

Sortino Ratio

TRRDX:

0.77

FFFFX:

0.83

Omega Ratio

TRRDX:

1.11

FFFFX:

1.11

Calmar Ratio

TRRDX:

0.36

FFFFX:

0.51

Martin Ratio

TRRDX:

2.15

FFFFX:

2.37

Ulcer Index

TRRDX:

3.29%

FFFFX:

3.36%

Daily Std Dev

TRRDX:

14.76%

FFFFX:

15.27%

Max Drawdown

TRRDX:

-56.43%

FFFFX:

-53.23%

Current Drawdown

TRRDX:

-10.53%

FFFFX:

-4.83%

Returns By Period

In the year-to-date period, TRRDX achieves a 0.98% return, which is significantly lower than FFFFX's 2.33% return. Over the past 10 years, TRRDX has underperformed FFFFX with an annualized return of 3.32%, while FFFFX has yielded a comparatively higher 3.88% annualized return.


TRRDX

YTD

0.98%

1M

10.25%

6M

-2.26%

1Y

6.04%

5Y*

6.23%

10Y*

3.32%

FFFFX

YTD

2.33%

1M

11.38%

6M

-0.87%

1Y

6.89%

5Y*

7.33%

10Y*

3.88%

*Annualized

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TRRDX vs. FFFFX - Expense Ratio Comparison

TRRDX has a 0.61% expense ratio, which is lower than FFFFX's 0.75% expense ratio.


Risk-Adjusted Performance

TRRDX vs. FFFFX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRRDX
The Risk-Adjusted Performance Rank of TRRDX is 4848
Overall Rank
The Sharpe Ratio Rank of TRRDX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of TRRDX is 4646
Sortino Ratio Rank
The Omega Ratio Rank of TRRDX is 4646
Omega Ratio Rank
The Calmar Ratio Rank of TRRDX is 4545
Calmar Ratio Rank
The Martin Ratio Rank of TRRDX is 5656
Martin Ratio Rank

FFFFX
The Risk-Adjusted Performance Rank of FFFFX is 5252
Overall Rank
The Sharpe Ratio Rank of FFFFX is 4747
Sharpe Ratio Rank
The Sortino Ratio Rank of FFFFX is 4949
Sortino Ratio Rank
The Omega Ratio Rank of FFFFX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of FFFFX is 5757
Calmar Ratio Rank
The Martin Ratio Rank of FFFFX is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TRRDX vs. FFFFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) and Fidelity Freedom 2040 Fund (FFFFX). 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.


The current TRRDX Sharpe Ratio is 0.48, which is comparable to the FFFFX Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of TRRDX and FFFFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2025FebruaryMarchAprilMay
0.48
0.52
TRRDX
FFFFX

Dividends

TRRDX vs. FFFFX - Dividend Comparison

TRRDX's dividend yield for the trailing twelve months is around 2.24%, more than FFFFX's 1.38% yield.


TTM20242023202220212020201920182017201620152014
TRRDX
T. Rowe Price Retirement 2040 Fund
2.24%2.26%5.60%8.92%7.92%4.96%6.10%9.51%3.96%4.74%6.02%5.27%
FFFFX
Fidelity Freedom 2040 Fund
1.38%1.41%1.32%2.11%2.27%1.06%1.50%1.68%1.12%1.44%4.38%9.27%

Drawdowns

TRRDX vs. FFFFX - Drawdown Comparison

The maximum TRRDX drawdown since its inception was -56.43%, which is greater than FFFFX's maximum drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for TRRDX and FFFFX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-10.53%
-4.83%
TRRDX
FFFFX

Volatility

TRRDX vs. FFFFX - Volatility Comparison

T. Rowe Price Retirement 2040 Fund (TRRDX) and Fidelity Freedom 2040 Fund (FFFFX) have volatilities of 8.07% and 8.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%December2025FebruaryMarchAprilMay
8.07%
8.07%
TRRDX
FFFFX