TRRFX vs. FFFEX
Compare and contrast key facts about T. Rowe Price Retirement 2005 Fund (TRRFX) and Fidelity Freedom 2030 Fund (FFFEX).
TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004. FFFEX is managed by Fidelity. It was launched on Oct 17, 1996.
Performance
TRRFX vs. FFFEX - Performance Comparison
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TRRFX vs. FFFEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | -1.58% | 5.43% | 8.04% | 11.97% | -13.61% | 8.13% | 11.24% | 15.09% | -3.29% | 10.67% |
FFFEX Fidelity Freedom 2030 Fund | -2.10% | 17.68% | 9.22% | 15.37% | -16.97% | 11.53% | 15.64% | 21.82% | -7.02% | 19.83% |
Returns By Period
In the year-to-date period, TRRFX achieves a -1.58% return, which is significantly higher than FFFEX's -2.10% return. Over the past 10 years, TRRFX has underperformed FFFEX with an annualized return of 5.09%, while FFFEX has yielded a comparatively higher 8.58% annualized return.
TRRFX
- 1D
- 0.08%
- 1M
- -4.61%
- YTD
- -1.58%
- 6M
- -5.34%
- 1Y
- 2.31%
- 3Y*
- 6.40%
- 5Y*
- 2.84%
- 10Y*
- 5.09%
FFFEX
- 1D
- 0.05%
- 1M
- -6.63%
- YTD
- -2.10%
- 6M
- 0.44%
- 1Y
- 13.86%
- 3Y*
- 11.10%
- 5Y*
- 5.41%
- 10Y*
- 8.58%
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TRRFX vs. FFFEX - Expense Ratio Comparison
TRRFX has a 0.49% expense ratio, which is lower than FFFEX's 0.66% expense ratio.
Return for Risk
TRRFX vs. FFFEX — Risk / Return Rank
TRRFX
FFFEX
TRRFX vs. FFFEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2005 Fund (TRRFX) and Fidelity Freedom 2030 Fund (FFFEX). 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.
| TRRFX | FFFEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 1.31 | -1.02 |
Sortino ratioReturn per unit of downside risk | 0.41 | 1.85 | -1.44 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.28 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.67 | -1.42 |
Martin ratioReturn relative to average drawdown | 0.73 | 7.28 | -6.55 |
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
| TRRFX | FFFEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 1.31 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.51 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.76 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.49 | +0.12 |
Correlation
The correlation between TRRFX and FFFEX 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.
Dividends
TRRFX vs. FFFEX - Dividend Comparison
TRRFX has not paid dividends to shareholders, while FFFEX's dividend yield for the trailing twelve months is around 5.55%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | 0.00% | 0.00% | 3.87% | 4.24% | 10.43% | 10.54% | 8.55% | 3.65% | 6.97% | 4.25% | 1.28% | 1.69% |
FFFEX Fidelity Freedom 2030 Fund | 5.55% | 5.44% | 2.94% | 1.87% | 10.06% | 10.92% | 6.24% | 6.79% | 7.32% | 4.60% | 3.86% | 4.52% |
Drawdowns
TRRFX vs. FFFEX - Drawdown Comparison
The maximum TRRFX drawdown since its inception was -33.29%, smaller than the maximum FFFEX drawdown of -51.83%. Use the drawdown chart below to compare losses from any high point for TRRFX and FFFEX.
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Drawdown Indicators
| TRRFX | FFFEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -51.83% | +18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -7.81% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -24.32% | +5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -24.64% | +5.82% |
Current DrawdownCurrent decline from peak | -6.83% | -6.85% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -9.06% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 1.79% | +0.55% |
Volatility
TRRFX vs. FFFEX - Volatility Comparison
The current volatility for T. Rowe Price Retirement 2005 Fund (TRRFX) is 2.32%, while Fidelity Freedom 2030 Fund (FFFEX) has a volatility of 3.98%. This indicates that TRRFX experiences smaller price fluctuations and is considered to be less risky than FFFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRFX | FFFEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 3.98% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 6.36% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.53% | 10.65% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | 10.65% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 11.36% | -4.03% |