Correlation
The correlation between TRRJX and FIHFX 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.
TRRJX vs. FIHFX
Compare and contrast key facts about T. Rowe Price Retirement 2035 Fund (TRRJX) and Fidelity Freedom Index 2035 Fund Investor Class (FIHFX).
TRRJX is managed by T. Rowe Price. It was launched on Feb 27, 2004. FIHFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRJX or FIHFX.
Performance
TRRJX vs. FIHFX - Performance Comparison
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Key characteristics
TRRJX:
0.54
FIHFX:
0.78
TRRJX:
0.72
FIHFX:
1.04
TRRJX:
1.10
FIHFX:
1.14
TRRJX:
0.33
FIHFX:
0.75
TRRJX:
2.04
FIHFX:
3.31
TRRJX:
2.94%
FIHFX:
2.49%
TRRJX:
13.31%
FIHFX:
12.04%
TRRJX:
-56.42%
FIHFX:
-28.42%
TRRJX:
-8.12%
FIHFX:
-1.23%
Returns By Period
In the year-to-date period, TRRJX achieves a 2.94% return, which is significantly lower than FIHFX's 3.52% return. Over the past 10 years, TRRJX has underperformed FIHFX with an annualized return of 3.58%, while FIHFX has yielded a comparatively higher 7.77% annualized return.
TRRJX
2.94%
3.53%
-0.04%
6.67%
5.78%
5.95%
3.58%
FIHFX
3.52%
3.56%
2.04%
8.78%
9.41%
9.90%
7.77%
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TRRJX vs. FIHFX - Expense Ratio Comparison
TRRJX has a 0.59% expense ratio, which is higher than FIHFX's 0.12% expense ratio.
Risk-Adjusted Performance
TRRJX vs. FIHFX — Risk-Adjusted Performance Rank
TRRJX
FIHFX
TRRJX vs. FIHFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2035 Fund (TRRJX) and Fidelity Freedom Index 2035 Fund Investor Class (FIHFX). 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.
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Dividends
TRRJX vs. FIHFX - Dividend Comparison
TRRJX's dividend yield for the trailing twelve months is around 2.29%, less than FIHFX's 2.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRJX T. Rowe Price Retirement 2035 Fund | 2.29% | 2.36% | 4.68% | 9.67% | 6.89% | 4.80% | 5.68% | 8.55% | 3.80% | 4.36% | 5.57% | 3.66% |
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 2.65% | 2.50% | 2.10% | 2.03% | 1.91% | 2.15% | 16.14% | 2.21% | 1.81% | 1.95% | 2.05% | 3.37% |
Drawdowns
TRRJX vs. FIHFX - Drawdown Comparison
The maximum TRRJX drawdown since its inception was -56.42%, which is greater than FIHFX's maximum drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for TRRJX and FIHFX.
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Volatility
TRRJX vs. FIHFX - Volatility Comparison
T. Rowe Price Retirement 2035 Fund (TRRJX) has a higher volatility of 2.64% compared to Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) at 2.24%. This indicates that TRRJX's price experiences larger fluctuations and is considered to be riskier than FIHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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