TRRFX vs. FNSHX
Compare and contrast key facts about T. Rowe Price Retirement 2005 Fund (TRRFX) and Fidelity Freedom Income Fund Class K (FNSHX).
TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
TRRFX vs. FNSHX - Performance Comparison
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TRRFX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | 0.00% | 5.43% | 8.04% | 11.97% | -13.61% | 8.13% | 11.24% | 15.09% | -3.29% | 3.51% |
FNSHX Fidelity Freedom Income Fund Class K | 0.63% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
TRRFX
- 1D
- 0.40%
- 1M
- -1.94%
- YTD
- 0.00%
- 6M
- -4.03%
- 1Y
- 3.53%
- 3Y*
- 6.97%
- 5Y*
- 3.03%
- 10Y*
- 5.26%
FNSHX
- 1D
- 0.18%
- 1M
- -1.28%
- YTD
- 0.63%
- 6M
- 1.71%
- 1Y
- 8.32%
- 3Y*
- 6.59%
- 5Y*
- 2.79%
- 10Y*
- —
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TRRFX vs. FNSHX - Expense Ratio Comparison
TRRFX has a 0.49% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Return for Risk
TRRFX vs. FNSHX — Risk / Return Rank
TRRFX
FNSHX
TRRFX vs. FNSHX - 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 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.
| TRRFX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.74 | -1.30 |
Sortino ratioReturn per unit of downside risk | 0.60 | 2.43 | -1.83 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.35 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.37 | -1.83 |
Martin ratioReturn relative to average drawdown | 1.54 | 9.65 | -8.11 |
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 | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.74 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.53 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.76 | -0.14 |
Correlation
The correlation between TRRFX and FNSHX is 0.80, 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. FNSHX - Dividend Comparison
TRRFX has not paid dividends to shareholders, while FNSHX's dividend yield for the trailing twelve months is around 3.25%.
| 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% |
FNSHX Fidelity Freedom Income Fund Class K | 3.25% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRFX vs. FNSHX - Drawdown Comparison
The maximum TRRFX drawdown since its inception was -33.29%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for TRRFX and FNSHX.
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Drawdown Indicators
| TRRFX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -15.87% | -17.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -3.68% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -15.87% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | -2.39% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -3.09% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 0.90% | +1.49% |
Volatility
TRRFX vs. FNSHX - Volatility Comparison
T. Rowe Price Retirement 2005 Fund (TRRFX) has a higher volatility of 2.67% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.36%. This indicates that TRRFX'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
| TRRFX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.36% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 3.30% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.61% | 4.89% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 5.26% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 4.81% | +2.53% |