Correlation
The correlation between TRRDX and FFFFX is 0.94, 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.
TRRDX vs. FFFFX
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and Fidelity Freedom 2040 Fund (FFFFX).
TRRDX is managed by T. Rowe Price. It was launched on Sep 29, 2002. FFFFX is managed by Fidelity. It was launched on Sep 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRDX or FFFFX.
Performance
TRRDX vs. FFFFX - Performance Comparison
Loading data...
Key characteristics
TRRDX:
0.50
FFFFX:
0.65
TRRDX:
0.68
FFFFX:
0.92
TRRDX:
1.10
FFFFX:
1.13
TRRDX:
0.31
FFFFX:
0.63
TRRDX:
1.87
FFFFX:
2.70
TRRDX:
3.31%
FFFFX:
3.30%
TRRDX:
14.92%
FFFFX:
15.32%
TRRDX:
-56.43%
FFFFX:
-53.96%
TRRDX:
-8.62%
FFFFX:
-1.25%
Returns By Period
In the year-to-date period, TRRDX achieves a 3.14% return, which is significantly lower than FFFFX's 5.09% return. Over the past 10 years, TRRDX has underperformed FFFFX with an annualized return of 3.55%, while FFFFX has yielded a comparatively higher 8.69% annualized return.
TRRDX
3.14%
4.06%
-0.23%
6.82%
6.52%
6.43%
3.55%
FFFFX
5.09%
5.36%
2.96%
9.11%
11.59%
12.70%
8.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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
TRRDX
FFFFX
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.
Loading data...
Dividends
TRRDX vs. FFFFX - Dividend Comparison
TRRDX's dividend yield for the trailing twelve months is around 2.19%, less than FFFFX's 4.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 2.19% | 2.26% | 5.60% | 8.92% | 7.92% | 4.96% | 6.10% | 9.51% | 3.96% | 4.74% | 6.02% | 3.93% |
FFFFX Fidelity Freedom 2040 Fund | 4.81% | 2.63% | 1.72% | 12.33% | 12.09% | 5.67% | 6.69% | 7.97% | 4.37% | 4.11% | 6.28% | 7.57% |
Drawdowns
TRRDX vs. FFFFX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -56.43%, roughly equal to the maximum FFFFX drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for TRRDX and FFFFX.
Loading data...
Volatility
TRRDX vs. FFFFX - Volatility Comparison
T. Rowe Price Retirement 2040 Fund (TRRDX) has a higher volatility of 2.98% compared to Fidelity Freedom 2040 Fund (FFFFX) at 2.76%. This indicates that TRRDX's price experiences larger fluctuations and is considered to be riskier than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...