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
Returns By Period
In the year-to-date period, TRRDX achieves a 14.73% return, which is significantly higher than FFFFX's 13.92% return. Over the past 10 years, TRRDX has outperformed FFFFX with an annualized return of 8.87%, while FFFFX has yielded a comparatively lower 4.26% annualized return.
TRRDX
14.73%
-1.12%
5.11%
22.03%
9.73%
8.87%
FFFFX
13.92%
-1.97%
4.73%
21.31%
4.41%
4.26%
Key characteristics
| TRRDX | FFFFX | |
|---|---|---|
| Sharpe Ratio | 2.21 | 2.06 |
| Sortino Ratio | 3.04 | 2.89 |
| Omega Ratio | 1.40 | 1.37 |
| Calmar Ratio | 2.08 | 1.01 |
| Martin Ratio | 14.31 | 12.94 |
| Ulcer Index | 1.58% | 1.70% |
| Daily Std Dev | 10.24% | 10.73% |
| Max Drawdown | -53.50% | -53.24% |
| Current Drawdown | -1.89% | -5.26% |
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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.
Correlation
The correlation between TRRDX and FFFFX is 0.96, 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.
Risk-Adjusted Performance
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.
Dividends
TRRDX vs. FFFFX - Dividend Comparison
TRRDX's dividend yield for the trailing twelve months is around 1.31%, more than FFFFX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 1.31% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% | 1.07% |
FFFFX Fidelity Freedom 2040 Fund | 1.15% | 1.32% | 2.11% | 2.27% | 1.06% | 1.50% | 1.68% | 1.12% | 1.44% | 4.38% | 9.27% | 6.23% |
Drawdowns
TRRDX vs. FFFFX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, roughly equal to the maximum FFFFX drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for TRRDX and FFFFX. For additional features, visit the drawdowns tool.
Volatility
TRRDX vs. FFFFX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2040 Fund (TRRDX) is 2.80%, while Fidelity Freedom 2040 Fund (FFFFX) has a volatility of 2.97%. This indicates that TRRDX experiences smaller price fluctuations and is considered to be less risky than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.